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Translation & Interpretation Services


ProcurementIQ’s Translation & Interpretation Services procurement research is intended to help you save time and money in the initial research stages of the buying process. Our data and analysis explain the characteristics, pricing dynamics, supply chain risks and negotiation tactics of Translation & Interpretation Services to help your company negotiate strategically with suppliers. Our report insights also give your company the credibility to work with internal stakeholders and executives to better manage the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Translation & Interpretation Services - Recent Price Trend

The price of translation and interpretation services has grown at an estimated average annual rate of 2.7% from 2015 to 2018. Moderate price growth has had a negative effect on buyer power. Fortunately for buyers, price growth has been steady during the period despite fluctuations in demand drivers. Low price volatility benefits buyers by helping them more accurately budget for purchases.Most of.

Translation & Interpretation Services - Total Cost of Ownership

The total cost of ownership for translation and interpretation services is low in relation to the benchmark price. There are no hidden costs associated with these services, making the total cost discernible from the onset of the service agreement. The only related cost that is common among suppliers is the cost of travel when in-person interpreters are needed. Rates vary from supplier to.

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About this Report

This report is intended to assist buyers of translation and interpretation services for business use. Written translators translate technical or general business documents from one language to another. Interpreters provide in-person oral translation from one language to another during business transactions, interviews and other engagements. Translation services also include the localization of products, services and websites for international use.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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