Automotive and Industrial Companies Accelerate Revenue Growth with PROS Cloud Solutions
For companies in the automotive and industrial industries, there is sales growth to be found, even in trying economic times. Raw materials price volatility, low-cost country competition, increased gray market risk, or a shift in buyer behaviors can erode margins. All of these trends impact the ability for these companies to survive. As a result, it’s critical to capitalize on any competitive advantage you can find.
Manufacturing equipment and systems must be continuously available. A missing spare part can lead to the standstill of an entire plant. But an incorrectly priced spare part has much greater potential to negatively impact a company’s revenue growth and profitability.
The parts business may account for only 10 to 15 percent of sales, but it typically averages 25 to 50 percent of profits. Despite the significant financial and customer satisfaction impacts of the parts business, manufacturers have historically given little attention to this segment of the business.
Leverage Data as an Asset in Automotive and Industrial Manufacturing
PROS modern commerce solutions deliver the perfect blend of simplicity and Dynamic Pricing Science, that leverages prescriptive analytics around markets, customers, the service parts life cycle, segmentation and competition. Companies that leverage this data as an asset can better serve their customers so they can realize their true revenue and profit potential.