Turn Service Parts Pricing into a Competitive Advantage to Grow Market Share and Profit
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 of 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.
Price Management as a Competitive Advantage
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, but you also gain a competitive advantage for your service business.
Price Management Software: Features and Benefits
Maximize Revenue with Strategic Parts Pricing
“Service Parts Pricing is allowing us to automatically price the 80 percent of parts that produce 20 percent of revenue. That allows our pricing experts to focus their efforts on the 20 percent of parts that generate 80 percent of revenue.”
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.