Leading Companies use Servigistics

Servigistics Service Pricing Management Solution

Driving Revenue and profits through Improved Service Part Pricing

In search of new opportunities to improve profitability, many leading companies are honing in on service parts pricing as an untapped profit lever.
 
The reason is simple: Price increases usually reach the bottom line in one piece, while the advantages of lower unit costs or higher sales volumes are diluted.  Thus, for a company with 10 percent margins, a 10 percent price increase could produce a 100 percent  increase in profit.  While the process seems simple, less that 20% of companies are confident their current service parts pricing methodology is maximizing service parts revenue and gross profit.

Servigistics Pricing Management enables companies to increase revenue and maximize service profitability through the management and optimization of service parts prices.  The solution combines patented pricing methodologies, advanced optimization techniques and market adaptive business logic to provide service, finance and marketing professionals with decision support information and tools required  to capitalize on high-margin business opportunity. 

Servigistics Pricing is proven to help companies increase service and parts revenue 5-15%.  With Servigistics Pricing companies optimize prices based on competitive data, customer reaction to price changes, and part availability information.  The Pricing Solution uses software, content and expertise to develop the best service parts pricing approach for your company. Servigistics Pricing delivers significant value by:

  • Developing pricing models and establishing pricing for any group of parts and markets. 
  • Monitoring price points and proactively recommend changes as needed.
  • Considering competitive pricing data to recommend optimal price points. If information about the market or your competitors is not available, leveraging limited or intermittent historical demand data to determine pricing.
  • Optimally pricing low sales volumes and limited competitive market research through related parts or categories. 
  • Managing the update of the price book based on pre-defined pricing policies, approval processes and thresholds.

Improve Your Profitability Today
To learn more about the unprecedented value Servigistics has delivered to its increasing list of leading clients visit client case studies and client videos.  Or to determine how Servigistics can help you find your untapped service margin opportunities?  Call us at +1 888.942.8623.  Or, e-mail us at contactsales@servigistics.com.