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 Time Card Machines?
The time card machine market has a medium level of market share concentration. There are an estimated 3,000 suppliers of time card machines operating in the United States, with the top four vendors (Office Depot, Staples, Lathem Time and Kronos) accounting for about 40.0% of total market revenue. Due to... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Scope of Operations
What additional products do you offer in addition to time card machines?
How does bundling goods affect lead time? What about price?
What volume based discounts do you offer?
How do you discount price for contracts? How about multiple orders?
How quickly can your machines time stamp an employee? How do your machines streamline the process?
How often do your time card machines require maintenance? How about 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 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 allowed you to gain market share?
How do you account for the declining price of time card machines?
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Key elements for every RFP
What should my Time Card Machines 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 outline 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 and project, 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 Time Card Machines supply chain?
Overall, there is a medium level of supply chain risk in the time card machine market. Suppliers rely on electronic components, metal and plastic products to manufacture time card machines. Plastic product manufacturers carry a medium level of risk due to volatility in the price of oil, a key input... Subscribe to learn more.