When designing the future state of service parts pricing, there’s a series of advanced pricing methodologies available. But, as OEMs mature in each level of price method, more information will be required of them. From deeper business intelligence, to higher skillsets within the workforce and more, OEMs need to have a realistic understanding of what […]
Month: October 2019
Finding Your Place on the Service Parts Pricing Maturity Curve
After-sales service is an increasingly important aspect of manufacturers’ success – and achieving service parts pricing maturity is a critical way for manufacturers to meet margin and revenue goals in a new servitization-driven environment. However, the complexity of service parts planning, as well as the many locations, channels and distribution levels at which those parts […]
Pony up, Pricers: It’s Time to Bet on New Pricing Strategies at #PPSVegas2019
It’s time to pony up, pricers! The Syncron pricing team is headed to Vegas for the the 30th Annual Fall Pricing Workshops & Conference at the M Resort in Las Vegas, Nevada to learn pricing service strategies for the year ahead. The event is hosted by the Professional Pricing Society (PPS), an organization that has evolved […]
Why a Drop in Ownership Doesn’t Mean a Drop in Usership
Earlier this week we established how technology has historically impacted consumer behavior. Technology is changing businesses’ perception of what’s possible – and it’s making innovation more accessible and readily available to larger audiences than was ever possible in the past. Thanks to that accessibility, the subscription economy is constantly growing, causing the need to purchase […]
Technology is Changing Businesses’ Perception of Possibility – But What Does this Mean for Manufacturers?
It’s not a secret that we’re entering an era where the measure of success no longer lies in the things we own – but it may not be having the effect on businesses that you think. After baffling a range of companies around the world, today’s consumer behavior, where owning things is becoming less and […]