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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 Radio Frequency Identification Devices?

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 2018, 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?

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 Radio Frequency Identification Devices 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 Radio Frequency Identification Devices supply chain?

Supply chain risk is low in the RFID device market. The greatest risk comes from suppliers’ need for semiconductors and electronic components. Fortunately, these components are widely demanded and available from suppliers all over the world. In addition, prices for these components are expected to decline in the three years... Subscribe to learn more.

HIGH

MEDIUM

LOW