Rethink Cost-Plus Pricing: Tim Geyer explores why market-based pricing is key in today's highly competitive market landscape
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The slowdown in economic growth in 2023 may create challenges for OEMs in many industries.
In order to remain competitive with spare parts price fluctuations, machine manufacturers need to align their parts pricing strategy with the market.
Throughout 2022 and post-COVID-19 pandemic, we have seen inflation rates rise to levels higher than we’ve experienced in decades.