Skip to the content

Procurement Market Intelligence Report

Location-Based Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Location-Based Services?

What is the average price of Location-Based Services?

This procurement report includes pricing information to help you purchase Location-Based Services. 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 Location-Based Services 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 Location-Based Services 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 Location-Based Services?

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 Location-Based Services 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 ?

The LBS market has a high level of market share concentration. There are only about 120 suppliers in the United States, and the four largest suppliers account for more than 75.0% of the market. Market share concentration has increased in the three years to 2019 due to significant merger and... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Experience and Expertise

How long have you provided these products to your longest-tenured client?

What qualifications does your staff have and what measures do you take to keep those qualifications up to date?

What industry do you most commonly supply this product for?

To what extent will ordering multiple products from your firm allow me to save on costs?

What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?

Supply Chain Risk

Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?

Has the availability of raw materials tightened due to the coronavirus outbreak?

Over the past three years, what percentage of your revenue has been dedicated to labor?

How have fluctuations in input prices affected the prices of your products during the past three years?

How do you mitigate sudden price increases in raw materials?

When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?

How, if at all, has your supply chain been affected by import tariffs levied in 2018?

Regulation

How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?

How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?

What ongoing training procedures do you provide for your staff?

Have you ever been found to be noncompliant with regulatory frameworks?

Amid widespread health concerns during the COVID-19 pandemic, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

Security

How often is our data and content backed up on your servers?

What encryption standards do you use for data storage and transmission? Has your clients' private data ever been compromised? What is your data protection strategy?

Where are your data centers located and what security (fire, theft, flood) and contingency plans (dual processors, UPS generator supplied power) do you have in place?

Who has access to my information and how are changes to my solution securely managed and audited?

Vendor Lock-In

What proprietary software or technology do you use? How will that affect our ability to maintain and troubleshoot in-house?

To what extent can our data be extracted from your software in a raw format? Can data be removed if we do not renew?

Can I integrate your content with other vendor software, such as CRM programs?

Is it required that we use your proprietary software or technology, or can we use our own systems?

Technology

What improvements are you currently planning? Do you have a calendar of future enhancements

What new features/functionality have you added in the past year? What improvements do your customers request most frequently?

How often is maintenance performed? Will my service be disrupted during maintenance, and how much notice will be given of planned disruptions?

What is the size of your R&D budget?

Accuracy

How do you ensure the accuracy and quality of your service? What systems, tools or software do you have in place to minimize the number of errors? How often are these systems checked and updated?

What checks and balances are in place to ensure that my project receives a thorough evaluation?

Who normally identifies errors when they occur?

How do you balance quick turnaround times with maintaining maximum possible accuracy?

Customer Support

What is your client renewal or repeat business rate? Why do companies renew their contract with your business?

How do you evaluate customer satisfaction and how frequently? Is this made available to clients?

How have you changed your service in response to customer complaints and suggestions?

If you encounter issues or your client is not satisfied, what steps do you take to address the issue?

Value-Added Services

What value-added services do you provide and how do they impact pricing?

Do you offer a free trial period or demo to test out your service?

Do you offer discounts for bundled services, and if so, what are the terms?

What partnerships do you have and how do your clients benefit from these relationships?

“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 RFP include?

Project Budget

Buyers should specify the total budget for their LBS.

Buyers should include details about spending expectations and limitations.

Buyers should request detailed information about the LBS implementation methods and costs.

Selection Criteria

Buyers should look for providers that can offer LBS 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 LBS.

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should include a due date for proposals.

Buyers should indicate the date by which the LBS needs to be installed.

Buyers should indicate how they want the LBS to be implemented onto existing hardware and software.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Buyers face a low level of supply chain risk from inputs of LBS. Though labor is the largest cost for suppliers, they also require computers and software to develop and provide buyer support. Additionally, suppliers use legal services for any potential litigation that may arise. Overall, buyers do not face... Subscribe to learn more.

HIGH

MEDIUM

LOW