Recently, Hilbrand Rustema, founder and managing director of Noventum Service Management, sat down with Erik Kjellstrӧm and Sarang Sambare from Syncron to offer valuable insights into aftermarket service pricing, structuring […]
Category: Price Management
Top Five Insights on Market-Based Pricing for OEMs (LinkedIn Live On-Demand)
Recently, I sat down with Tim Geyer, managing director of North America at MARKT-PILOT, and Kim Long from Syncron to dive deeply into market-based pricing. We highlighted hot-button topics like […]
Aftermarket Pricing Strategies during Economic Uncertainty
Over the past several years, the global economy has experienced a number of tremendous changes ranging from supply chain shocks to trillions of dollars of stimulus. In many cases, this […]
Unlock the Benefits of Top-Down Price Optimization for Aftermarket Parts
In the dynamic world of aftermarket parts, systematic price updates are crucial for maintaining competitiveness and maximizing revenue. As the past few years of the COVID-19 pandemic and its aftermath […]
Unleash the Power of Generative AI: From Jarvis to Revolutionizing Service Industries
In the realm of service industries, where complex assets such as industrial equipment, automotive systems, and construction machinery play a crucial role, a transformative technology has emerged: generative artificial intelligence […]
How to increase profit margins: The 5 key value areas to drive growth in spare parts pricing
How to increase profit margins: The 5 key value areas to drive growth in spare parts pricing While the economic principal of supply and demand is eternal for manufacturers, there […]
The Powerful Pairing of Service Parts Pricing and Inventory Management
The Powerful Pairing of Service Parts Pricing and Inventory Management Service parts pricing and inventory management are key areas in aftermarket service where optimization can dramatically improve revenue, profits, and […]
10 Reasons Why You Need to Reevaluate Your Service Parts Pricing Strategy
10 Reasons Why You Need to Reevaluate Your Service Parts Pricing Strategy With aftermarket service becoming an increasingly important and strategic focus area for manufacturers around the world, why is […]
OEM Pricing Trends of 2021 | Price Management
It’s safe to say that this is an interesting if not exciting time to be a pricing manager—and one of the most challenging. Prices are soaring across nearly every major […]
OEM After-Market vs. General Retail: Yes, You Need a Different Pricing Approach
OEM After-Market vs. General Retail: Yes, You Need a Different Pricing Approach Commonly, I am asked if there is a difference between the best approach to the pricing of general […]