With the constant threat of non-authorized parts, it is tough to maintain a competitive edge. Finding the optimal price point for every service part in your portfolio has never been more critical to your profit margins and revenues— but it’s not easy. You’re not only faced with pricing high volumes of parts across the globe, but inconsistent information about competitive prices, and uncertain demand due to your competition and part lifecycles. Unless you are armed with a price management software solution that is specifically designed for the unique complexities of pricing service parts, you are at risk for a long and tedious pricing battle that you too often lose to your competitors.
The PTC Service Parts Pricing solution helps you address the challenges of pricing in a post-sale environment by turning service parts pricing into a competitive advantage.
The solution gives you a single tool for:
efficient management of new and existing parts pricing
It provides an auditable pricing platform that considers all factors affecting global pricing strategies across a service part’s lifecycle. By utilizing a blend of three advanced pricing approaches— price alignment, market-adaptive pricing, and price elasticity—it enables you to find the optimal price for each service part. With PTC Service Parts Pricing solution, you not only realize untapped revenue and profit, you gain a competitive advantage for your service business.
Allows for setting optimal prices and business rules
Rationalizes global service parts prices based on all the ways parts relate, given form, fit, function, grade, supersession, size and equipment
Manages global service parts pricing, including warranty pricing and good/better/best pricing alignment
Monitors and adjusts change throughout the lifecycle in response to market, competitors and customer sensitivity
Increases revenue through better price alignment and greater precision for price adjustments
Provides global pricing management to ensure consistent pricing and control cross-geographical pricing arbitrage
Finding the optimal price point for every service part in your portfolio has never been more critical. In this video, PTC's Jon Utterback explains how the PTC Service Parts Pricing Solution helps you overcome the challenges of pricing.