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 are impacting their ability to survive and it’s critical to capitalize on any competitive advantage you can find.
Manufacturing equipment and systems have to be continuously available. A missing spare part can lead to a standstill of entire plants. 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 Cloud Solutions deliver the perfect blend of simplicity and data science, leveraging prescriptive analytics around markets, customers, 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.