For pricing organizations, automating the parts pricing process provides significant improvements with reduced manual processing, increased frequency of price changes to ensure continued price optimization, and the ability to react faster to market changes. Price dampening enables large price changes to be applied incrementally rather than as a one-off change that can violate contractual agreements and impact customer and distributor relationships.
Syncron Global Price Management is designed for manufacturing and distribution organizations to deliver effective strategies and structured processes for the service parts business. It supports each step of the parts pricing process with a defined framework for price setting, execution, communication and analysis providing advanced KPI and reporting functionality, multiple pricelist management and multiple currency capabilities. The solution enables companies to adopt a smarter, more sophisticated parts pricing approach to support global sales and distribution channels.
In October Syncron announced that Konecranes Plc, one of the world’s largest manufacturers of cranes and lifting equipment, had selected Syncron Global Price Management to strengthen its global aftermarket business with an improved service parts pricing strategy.
“Moving away from simplistic pricing methods, companies can quickly realize significant increases in service parts revenue, profitability and process efficiency” said Anders Zederfeldt, GPM Product Director at Syncron. ”By eliminating unnecessary manual work and having a defined pricing process, organizations can set optimal parts prices on each market and sales channel”.
Syncron is a global software company focused on supporting corporations in the manufacturing and distribution industry with leading edge, process centric applications to make significant improvements to customer experience and financial performance. Syncron’s ERP-independent software solutions for global inventory management, global order management, global price management and master data management are implemented faster and at lower cost than other solutions. Syncron clients are market-leading companies within the industries of aerospace and defense, automotive, consumer and industrial products, industrial equipment, and mining and construction equipment. Syncron has offices around the world. Visit http://www.syncron.com for more information.
For more information please contact:
Anders Zederfeldt, GPM Product Director, Syncron International AB
Mobile: +46 4020 65 45
Daniel Aston, Syncron Inc
US Tel: +1 (404) 984-7141