With the constant threat of non-authorized parts, it is tough to maintain a competitive edge. Finding the optimal price point for every service part in a portfolio has never been more critical to profit margins and revenues.
Doing it, however, is a challenge.
Service organisations are faced with pricing high volumes of parts across the globe, inconsistent information about competitive prices, and uncertain demand due to competition and part lifecycles. Adding on the long and tedious price battles with competitors that usually leads to a lose-lose situation.
Unless they have a price management software solution designed for the unique complexities of pricing service parts.
CAD-IT’s Service Parts Pricing (SPP) solution helps address the challenges of pricing in a post-sale environment by turning service parts pricing into a competitive advantage.
The solution gives organisations a single tool for:
It provides a pricing platform that considers all factors affecting global pricing strategies across a service part’s lifecycle that is auditable. SPP blends three advanced pricing approaches— price alignment, market-adaptive pricing, and price elasticity— to enable organisations to find the optimal price for each service part.
With our SPP solution, you not only realize untapped revenue and profit, you gain a competitive advantage for your service business.
Andy West, Manager
Global Pricing Process & System Optimization at General Motors
Help your service supply chain boost your bottom line: Step one to achieving a best-in-class service parts management – knowing the critical success factors.