Most machine manufacturers face the challenge of accurately pricing several thousand to over 100,000 spare parts. Trying to manage this complexity in the face of uncertain supply chains, dynamic markets and increasing competition can be a difficult task for service managers.
The key to success is to automate everything you can. This helps your team focus on the tasks that really matter - such as analyzing your portfolio, applying strategic thinking, and setting prices that increase your revenue and profits while keeping your customers happy.
To confidently raise prices on underpriced and exclusive parts, automated market intelligence is essential on a large scale.