PRICERADAR: New semi-exclusive parts for enhanced clarity
MARKT-PILOT attaches great importance to comprehensive data clarity. In order to differentiate the data more precisely, we are introducing a significant innovation to PRICERADAR: Parts for which no prices were available on the market were categorized as "Exclusive". This can have various reasons, which is why we are now going one step further and shedding some light on this: Parts for which we could not identify any competition, i.e. we could not find a store that sells this part, will remain in the "Exclusive" category.
For all other parts, we have identified a competition but have not been able to see a price. This may be due to the fact that spare part prices are only visible after logging in, prices are only provided on request, or no price information is available.
From now on, these parts will be labeled with the new category "Semi-exclusive". The exact reasons for this categorization are shown in the detailed view.
MARKT-PILOT gives you full clarity about the search results and enables you to incorporate this relevant information into your pricing process.
WHO GETS IT?
Available for all plans.
PRICEGUIDE: Clarity on value drivers for maximum disclosure
Have you ever wondered why your spare part has a certain confidence level? To give you a better insight into the value driver logic and ensure greater clarity, we are now presenting all the value drivers of a part in the PRICEGUIDE detailed view - even those that have not been included in the valuation. This new feature provides you with a more comprehensive overview and enables you to better understand the value drivers applied. We want to ensure that you always have full control over the valuation of your part and understand how the confidence level is put together.
WHO GETS IT?
Available for all plans.
Data Quality Label
Discover our latest feature based directly on your feedback: Data Quality Labels for your spare parts!
To ensure that we can provide you with reliable and complete market insight on which you can base your market-driven and fair pricing decisions, MARKT-PILOT is now going one step further:
From now on, our experts will provide each of your parts with a data quality label from which you can immediately see how MARKT-PILOT assesses the completeness and quality of your data. A quick glance at the labels is all it takes to know which of your data is of sufficient quality to deliver the best research results.
WHO GETS IT?
Available for all plans.
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IAM: Identity Access Management
IAM: Identity Access Management
There are many innovations in the course of the introduction of IAM (Identity Access Management) and MARKT-PILOT is always one step ahead in terms of security!
For you, this means state-of-the-art security measures such as advanced encryption and continuous updates to make your use of our solution as secure as possible.
- Thanks to the newly added security standards, it will be possible to add multi-factor authentication (MFA) and single sign-on (SSO) to your account in the future. This will give you more protection against unauthorized access and avoid the hassle of multiple logins. Request an upgrade now!
- Easy user on/offboarding: We make user account management even easier to ensure that users receive the appropriate permissions when onboarding our software and that their access is immediately revoked when no longer needed.
- Our reporting and monitoring features provide real-time insight into user activity and monitoring capabilities. For quick identification of potential problems!
- New compliance requirements in the area of identity and access management are automatically supported.
- Forgot your password? Our IAM solution offers you a user-friendly and secure password recovery process.
WHO GETS IT?
Available for all plans.
Commentary Function
Commentary Function
The next software update is the added comment function in the single part and competitor view. This simplifies your internal communication and allows you to receive comments from MARKT-PILOT's team, thus supporting a smooth communication process.
WHO GETS IT?
Available for all plans
PRICEGUIDE
Product Launch PRICEGUIDE:
Automated and market-based price recommendations for spare parts
WHAT IS IT?
PRICEGUIDE revolutionizes pricing for machine manufacturers. Based on PRICERADAR's market price research, PRICEGUIDE determines validated price recommendations for each spare part. All market data found for a spare part is individually and automatically evaluated by PRICEGUIDE based on a value driver logic, so that a validated sales price is calculated for each spare part. PRICEGUIDE thus removes the complexity and uncertainty from your pricing process and enables you to make the right pricing decisions at all times.
WHY DOES IT MATTER? THE PRICEGUIDE enables the creation of precise price simulations at the push of a button, making it the perfect complement to market price research. The PRICEGUIDE not only offers considerable time savings in your pricing process, but also a high degree of certainty in pricing by evaluating the market data determined by PRICERADAR using a value driver calculation. This allows you to make well-founded pricing decisions based on unprecedented market knowledge and systematically increase sales in your spare parts business.
HOW DOES PRICEGUIDE WORK?
The PRICEGUIDE is a standalone feature that can be accessed directly from the dashboard in the software. Users are guided through the pricing process in five intuitive steps. From defining value drivers and their weighting to creating revenue simulations, individual pricing criteria can be defined and dynamic revenue development can be simulated. In addition, users can draw on the recommendations of the PRICEGUIDE in the pricing process, enabling you to implement your optimal pricing strategy with ready-made price recommendations.
WHO GETS IT?
For all customers who have booked the "Professional" package. The use of the PRICEGUIDE requires the PRICERADAR.
New design: Color changes in the graphical user interface
New design: Color changes in the graphical user interface
WHAT IS IT?
In recent years, MARKT-PILOT has developed and internationalized into the leading provider of market intelligence in spare parts pricing. We have taken this as an opportunity to make our branding fresher and more innovative. In the course of this, we have also adapted the color interface of the software and harmonized the color scheme of the individual potential groups.
WHY DOES IT MATTER?
The update serves as preparation for the launch of our new product, PRICEGUIDE. The new color design also makes the display of the potential groups clearer, which also has a positive effect on navigation within the software.
HOW DOES IT WORK?
The adjustments do not affect the functionality of the software and are directly visible to every user after logging in.
WHO GETS IT? The adjustments to the color interface are directly available to all users.
New Region Functions
New Region Functions
WHAT IS IT? New functionalities allow the users to have one part line per region thus users can now set different sales prices for different regions.
WHY DOES IT MATTER? With increasing maturity in market-based pricing you may set different sales prices in different sales prices in different sales regions. As we bring market intelligence from different regions as well, it makes sense to compare sales prices with market prices from the same regions.
HOW DOES IT WORK? On the dashboard, users can now select different filter settings within the different reports to change the results between all markets and single markets. In the parts overview, users can now filter and sort the results by regions and also set new or other sales prices in different regions. Regions are available for all booked regions.
WHO GETS IT? All customers who have booked more than region.
Revenue Benchmark
Revenue Benchmark
WHAT IS IT? With this report you can see your opportunities – your current sales prices vs. market prices
WHY DOES IT MATTER? After the latest search run you want to see what’s your opportunity. A quick summary of your current revenue (price x sales quantity) vs projected revenue based on market prices and industry benchmark. You’ll see how much parts, competitors, price and lead times are considered.
HOW DOES IT WORK? After a search run we automatically update market data, thus the report gets updated. With the report setting you can select the right currency for you.
WHO GETS IT? All plans.
