Contract management starts with a solid understanding of the factors that impact equipment performance and service effectiveness. Ensuring service performance through the use of sophisticated problem-solving tools and knowledge at the point of service. Additionally, robust parts forecasting and optimization combined with what-if scenario modeling enables you to enter into higher risk contracts confidently. Moreover, your ability to manage risk and guarantee performance improves, making contracts and relationships longer term.
Now you’re driving better business decisions, particularly in new markets or when providing new service offerings. The result? Your ability to predict cash flows and revenue from service becomes more consistent and includes new revenue streams.
Engaging in more profitable contracts will:
- Increase profitability by ensuring service performance and reducing exposure to penalties
- Strengthen your ability to compete with confidence on performance based service contracts
- Allow you to engage in longer-term, lower-risk, non-competitive contracts
- Increase and strengthen your market share