Learn about actual and potential costs
How much should I pay for Learning Management Software?
What is the average price of Learning Management Software?
This procurement report includes pricing information to help you purchase Learning Management Software. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Learning Management Software been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Learning Management Software yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Learning Management Software?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Learning Management Software with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase Learning Management Software?
Market share concentration is moderate, whereby the top four vendors account for between 30.0% and 50.0% of total market revenue in 2019. The number of suppliers has been growing rapidly during the past three years, with about 620 suppliers currently operating in the market. Still, substantial consolidation activity has been... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
How do you ensure the quality and consistency of your service? What systems do you have in place to monitor quality?
What kind of warranties can you provide for the integrity of the work? Will you allow a free trial period or early termination clause if the software is not up to our standard?
How much access and time do we have with technical staff?
How often do you experience downtime with your software? What is your target time for regaining functionality when system errors occur?
Which of your past partnerships has been most successful, and what factors do you believe led to its success?
Have you had any previous experience with clients specific to the industry in which I operate?
Who are your top five clients and how long have they been your clients?
Have you had any major complaints with past clients? How have you dealt with these complaints?
What is your process for obtaining feedback from clients?
“Sending out RFPs used to be a nightmare”
Let’s chat about how procurement market intelligence can reduce
the time you spend issuing RFPs.
Key elements for every RFP
What should my Learning Management Software RFP include?
Buyers should specify the total budget for their software purchase.
Buyers should include details about spending expectations and limitations.
Buyers should request detailed information about software delivery methods and costs.
Buyers should reference the Benchmark Price and Total Cost of Ownership sections of this report for assistance in creating a budget.
Buyers should look for providers that can offer software that meets the specifications outlined in the RFP.
Buyers should give preference to providers that can meet the budget requirements in the RFP.
Buyers should look for suppliers that have a reputation for providing reliable and effective software.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should include a due date for proposals.
Buyers should indicate the date by which the software needs to be installed.
Buyers should indicate how they want the software delivered or installed.
Evaluate major factors to mitigate risk
How risky is the Learning Management Software supply chain?
Supply chain risk for LMS is low, indicating that market suppliers face little risk of sudden input price spikes or service interruptions. The main input cost in software development is labor, which poses no significant risk because of the steady influx of IT professionals in the job market. As software... Subscribe to learn more.