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Procurement Market Intelligence Report

Radio Frequency Identification Devices
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Radio Frequency Identification Devices?

What is the average price of Radio Frequency Identification Devices?

This procurement report includes pricing information to help you purchase Radio Frequency Identification Devices. 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 Radio Frequency Identification Devices 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 Radio Frequency Identification Devices 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 Radio Frequency Identification Devices?

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 Radio Frequency Identification Devices 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 ?

There is a low level of market share concentration in the RFID device market, with the four largest suppliers accounting for less than 25.0% of total market revenue. In 2021, there are about 800 suppliers of RFID products. During the past three years, the number of enterprises has risen as... 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?

Information Storage

How much information can be stored on your RFID tags, and how does this affect cost?

Do you have software systems that can organize and track the information stored on RFID tags?

How easy is it to reprogram the information on these RFID tags?

What measures do you have in place to prevent outside parties from reading the information on RFID tags?

COVID-19 (coronavirus)

Do you source materials with a high exposure to market disruptions resulting from the coronavirus pandemic? How are you coping with these disruptions?

How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?

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

Are you experiencing fluctuations in demand as a result of the coronavirus pandemic? What measures are you taking to handle increased or reduced demand?

Signal Reliability

How do certain environmental conditions or metal objects affect the signal strength?

Do the radio signals generated by your product conform to relevant European Telecommunications Standards Institute (ETSI) and FCC standards?

What radio frequencies do your products use?

What is the maximum read range for your RFID tags?

Can RFID readers increase this range?

Integration

What other hardware or software products should be purchased in conjunction with your RFID products?

Can you send technicians to my site to help survey factories and stores?

Can data on your RFID software be shared with customer relationship management or enterprise resource planning software?

Do you offer consulting services to help implement RFID products?

Do you offer development kits that contain samples of your RFID products?

How have RFID products helped to automate operations for your clients?

Regulations

How do you manage regulatory change?

Do the FCC and ETSI certify your products?

How have you dealt with restrictions on the available radio spectrum?

Have regulations affected demand for your products?

If government regulations affect the design of your products, how quickly can you design new products that are compliant with government regulations?

Relevant Experience

How long has your company been developing and offering RFID products?

Do you specialize in RFID products and systems for specific industries?

What percentage of your revenue comes from RFID products?

How have your products improved operations for companies in industries similar to mine?

Do you have any customer case studies or testimonials that I can review?

Shipping

Where are your RFID manufacturing facilities located? What about your warehouses? Do these locations have RFID repair services?

Are you able to provide next-day deliveries? How much would this cost?

How quickly do you respond to new requests for RFID devices?

What shipping supplier do you primarily use? Do you have alternate preferred suppliers?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify the total budget for the project.

Buyers should include details about per-unit spending expectations and limitations.

Buyers should request detailed information about shipping and handling costs.

Selection Criteria

Buyers should look for providers capable of providing RFIDs that meet the specifications outlined in the RFP.

Buyers should give priority to suppliers that can meet the budget requirements in the RFP.

Buyers should try to choose vendors that are located nearby to reduce shipping costs and times.

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

Project Schedule

Buyers should include the date when proposals are due and when the award will be announced.

Buyers should indicate the date by which the RFIDs must arrive on site.

Buyers should indicate how they want the RFIDs to be packaged and shipped.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Overall supply chain risk is low in the RFID device market. The greatest risk comes from suppliers' need for semiconductors and electronic components. A global chip shortage that began in December 2020 has led to higher risk for manufacturers of semiconductors and electronic components. Manufacturing plants have experienced delays in... Subscribe to learn more.

HIGH

MEDIUM

LOW