Skip to the content

Procurement Market Intelligence Report

Tamper-Evident Labels
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Tamper-Evident Labels?

What is the average price of Tamper-Evident Labels?

This procurement report includes pricing information to help you purchase Tamper-Evident Labels. 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 Tamper-Evident Labels 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 Tamper-Evident Labels 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 Tamper-Evident Labels?

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 Tamper-Evident Labels 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 tamper-evident labels market exhibits a low level of market share concentration, with the top four players accounting for less than 30.0% of total market revenue in 2019. Despite the presence of big brand names, like 3M Company, Avery Dennison Corporation and Brady Corporation, the market remains highly competitive 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?

Product Quality

What are your best-selling tamper-evident labels?

What measures have you undertaken during the past three years to improve product quality?

How long have your products been on the market? Have there been any issues with your product?

Do you have capacity to customize tamper-evident labels? What kind of additional features can you add?

Can you provide documentation that your tamper-evident labels satisfy all applicable regulatory requirements?

Supplier Expertise

How many years of experience in tamper-evident label manufacturing or distribution do you have?

What geographic regions do you serve?

How frequently do you upgrade your facilities? How frequently do you incorporate new technologies to improve efficiency and quality?

What clients have you worked with in the last three years?

Have you served businesses like mine? If so, can you provide a portfolio of similar projects you have worked on?

Customer Service

How long does it usually take to receive a product?

Do you charge any shipping and handling fees? What other additional charges do you impose?

What is your return and exchange policy?

What are the benefits of working with your company compared to other vendors?

Production Costs

How do you address the rising cost of raw materials? How does volatility in raw material prices affect the prices that buyers pay for your products?

Do you procure raw materials from multiple sources? What measures do you undertake to ensure a continual supply of raw materials? Do you rely on any sole-sourced raw materials to manufacture your products?

How do you achieve efficiency in your operations?

How do you stay abreast of technological innovations?

Cost Savings

What is the volume at which you are willing to offer a discount? How much of a discount is it?

How does the contract term length affect price?

Do you offer any samples of tamper-evident labels so that I can test the product in the field prior to making a purchase?

Do you offer any customer rebates? If so, do you impose any specific requirements?

Imports

Has import penetration adversely affected your operations? If so, in what way?

What incentive would I have in choosing your product over an imported product?

What sets your product apart from your foreign competitors?

Do you import your raw materials or source them from domestic suppliers?

“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 indicate the value of the contract for tamper-evident labels.

Buyers should state their preferred terms for invoicing and payment.

Buyers should reference the Benchmark Price section of this report to verify that they are receiving competitive prices for their purchases.

Selection Criteria

Buyers should evaluate providers based on the quality of their products.

Buyers should consider the reputations and expertise of providers.

Buyers should evaluate providers based on the range of goods they offer.

Buyers should take into account vendors' customer service offerings.

Buyers should reference the Buyer-Decision Scorecard section in this report for more details about selection criteria.

Project Schedule

Buyers should indicate whether the labels are for an ad hoc purchase or if they are seeking a long-term supply contract.

Buyers should state the date by which proposals must be submitted.

Buyers should include their preferred delivery schedule for the tamper-evident labels.

Buyers should disclose when providers will be notified about contract awards.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Suppliers of tamper-evident labels face a moderate level of supply chain risk. This level of risk has reduced buyer power because providers that face potential supply chain disruptions are often less willing to negotiate on prices. The greatest risk that suppliers of tamper-evident labels face is associated with fluctuations... Subscribe to learn more.

HIGH

MEDIUM

LOW