Industrial Equipment Aftermarket Solutions

Intelligent Pricing and Inventory Optimization Software for the Industrial Equipment Manufacturers

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Accelerating growth and profitability in the industrial equipment aftermarket

Industrial equipment companies are leading most other sectors in how they have monetized aftermarket services to grow revenue. From the sales of spare parts and maintenance to more sophisticated services such as mid-life overhauls and retrofit programs, industrial equipment manufacturers are finding growth through aftermarket services. Margins for these services are often several times greater than for the new products they deploy. And Internet of Things (IoT) connectivity continues to unlock new opportunities for even more valuable aftermarket services at greater scale.

With Syncron, industrial equipment manufacturers can reach new levels of service-level agreements driven by best-in-class parts availability at optimal carrying costs, new sources of profit from optimal smart parts- and service bundle pricing as well as leverage the power of telematics ensuring AI-powered equipment uptime.

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Discover Why Leading Industrial Equipment Companies Trust Syncron

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Anticipate demand

Because of the long lifecycle of industrial equipment and the variation in downtime severity, manufacturers need to ensure service parts are available when and where they are most in demand.

With Syncron, manufacturers can better anticipate demand, using factors like equipment locations and service history to properly stock service parts in the best places to ensure maximum product uptime. ERP systems often cannot handle the complexity of service parts planning, and Syncron’s solution eliminates excess inventory, ultimately helping manufacturers deliver both a better customer experience and revenue and profit improvements.

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Reinvent pricing

In an industry where new product orders are slowing and the lifetime of equipment is increasing, companies must look for previously untapped sources of revenue. For industrial equipment manufacturers, service parts pricing can provide just this.

Many companies still rely on manual processes and Excel spreadsheets to price their service parts. With Syncron, manufacturers can implement a value-based approach, enabling teams to better analyze and respond to changing market conditions. Ultimately, automating and optimizing service parts pricing leads to improved revenue and profits.

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Talk to an expert

Want to see for yourself why the world’s leading manufacturers choose Syncron for aftermarket service management solutions? Simply complete the form and a member of our team will contact you within one business day. For customer support, visit our support page or email