Learn about actual and potential costs
How much should I pay for Time Card Machines?
What is the average price of Time Card Machines?
This procurement report includes pricing information to help you purchase Time Card Machines. 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 Time Card Machines 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 Time Card Machines 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 Time Card Machines?
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 Time Card Machines 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 time card machine market has a medium level of market share concentration. There are an estimated 1,200 suppliers of time card machines operating in the United States, with the top four vendors (Office Depot, Staples, Lathem and Acroprint) accounting for about 40.0% of total market revenue. Due to declining... 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?
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?
How do you check for quality? Do you use computerized or manual processes? How do these processes give you an advantage in terms of quality?
How often do you test your products?
Describe your full protocol for defective or damaged products. What is the turnaround on providing a new product?
What kind of training do your employees receive? How often is this refreshed?
Do you source materials with high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?
What methods can I use to reach your customer service representatives? What is the response time for each of these methods?
What is the preferred method of contact? Does this method change depending on the query or need?
Do you have customer reviews or references in terms of customer service? What about the products you offer?
What tracking system do you have in place to manage customer queries?
How often do you review this data to update performance procedures?
Amid widespread health concerns, 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?
How many distribution facilities do you have and where are they located? Does sourcing from closer operators decrease my shipping costs?
Which locations can supply time card machines for my company?
How do your shipping costs compare to those of your competitors?
Describe your transportation procedures. How do you limit the risk of product damage?
How do you minimize transit times?
What additional products do you offer in addition to time card machines?
How does bundling affect lead times? How does bundling affect prices?
What volume-based discounts do you offer?
How do you discount prices for contracts? How do you discount prices for multiple orders?
How quickly can your machines time stamp an employee? How do your machine designs streamline the process?
How often do your time card machines require maintenance? How about the replacement of parts such as ribbons?
What advantages do your products have over the products of your competitors?
What warranty do you offer with your products? Can this warranty be extended?
How does your company benefit from declining input costs? How do you maximize benefits?
How do you ensure operational efficiency? How often do you evaluate your operations?
What advantage do you have over your competitors? How has this advantage allowed you to gain market share?
How have you accounted for the declining price of time card machines?
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Key elements for every RFP
What should my RFP include?
Buyers should specify their budgets for time card machines and related products.
Buyers should specify when payment will occur. For example, buyers should state whether the winning bidder will be paid upon award of the contract or over a longer period of time.
Buyers can reference the Benchmark Price and Total Cost of Ownership sections of this report for help creating a budget.
Buyers should look for vendors providing time card machines that meet the requirements of the RFP.
Buyers should look for vendors that have a well-established reputation in the market.
Buyers should confirm that providers can offer products and services that fall within the desired budget outlined in the RFP.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should outline the timeline for the RFP, including the date when questions and amendments are due.
Buyers should include the date when proposals are due and when award information will be available.
Buyers should include the date when the time card machines should be delivered.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Overall, there is a medium level of supply chain risk in the time card machine market. Suppliers rely on electronic components, metal products and plastic products to manufacture time card machines. Plastic product manufacturers carry medium risk due to volatility in the price of oil, a key input in plastic... Subscribe to learn more.