WHITEPAPER

Market Intelligence and AI in Machine Manufacturing - Competitive Advantages through Market Knowledge

Use market intelligence to find out which of your spare parts are priced too high or too low and gain a competitive advantage.
Market Intelligence and AI in Machine Manufacturing

What you'll get out of it

 
Market Intelligence

Basics Market Intelligence

Principle and advantages of market intelligence and AI in after-sales

Informationen und Nutzen

Benefit

Valuable insights on aligning pricing strategies for spare parts sales more closely with market demands, thereby gaining a competitive advantage.

Revenue Increase

More Revenue in After-Sales

How can machine manufacturers expand their spare parts business and generate more revenue in service using AI?

Power

Practical Tips

Using AI software for spare parts pricing

ARTIFICIAL INTELLIGENCE

Learn How Market Intelligence Optimizes Pricing Strategies & Strengthes Customer Loyalty in After-Sales!

This whitepaper provides valuable information for understanding and utilizing informed market insights and artificial intelligence, particularly for spare parts pricing.

  • Market Intelligence, Competitive Intelligence & Business Intelligence: What’s the difference?
  • Benefits of AI in the spare parts business
  • Steps to establishing a market-based pricing strategy
  • Benefits of AI software for automated market analysis and price recommendations
  • Best Practices: AI in spare parts pricing with examples from OPTIMA, ILLIG Maschinenbau, and LTW Intralogistics

Read more about the role of AI in after-sales for machine manufacturers here! AI’s Role in Parts Pricing for Machine Manufacturers

AI Pricing in Machine Manufacturing
Market based pricing through AI and market data can leverage OEMs after sales and parts business
FOR WHOM THIS GUIDE IS

Make the most of your parts business

This guide is primarily aimed towards managers and decision makers in the after-sales departments of machine manufacturers (OEMs) with an annual turnover of more than five million euros in the spare parts business and over 500k pruchased parts revenue.

This includes companies primarily located in: Germany, Austria and Switzerland (GSA); USA & Canada; Norway, Sweden & Finnland and Italy.

The guide benefits OEMs from all sub-sectors of the mechanical engineering industry, excluding the automotive industry. The background is that all machine manufacturers face the same challenge: with declining margins in new sales, spare parts pricing has a high impact in the revenue and profitability of the entire company.

The Spare Parts Pricing Software for Machine Manufacturing

  • Proven Industry Expertise: 100% focus on mechanical and plant engineering
  • Market Leadership: in IT-supported, data-driven spare parts pricing in mechanical engineering
  • Over 150 customers worldwide
  • Simple Implementation: our SaaS software requires no training or integration into existing systems
  • Average 20% sales increases after just six months.
  • PRICERADAR and PRICEGUIDE: fully automated market price research, precise price recommendations and detailed sales simulations for > 4,000 spare parts suppliers worldwide

 

Ersatzteil-Pricing Software PRICERADAR
WHAT OTHERS SAY

Discover Why We're Your Perfect Choice

“To approach this topic seriously, you simply need numbers, data, and facts. What doesn‘t work at all in this field is making decisions based on gut instinct or supported by manual research.“

Business Unit Manager Service, LTW Intralogistics GmbH Thomas Narbeshuber
FAQ

What Else You Should Know

What does market intelligence actually mean and what role does artificial intelligence (AI) in business play?

Market intelligence refers to the systematic collection, analysis, and interpretation of data and information about markets, competitors, customers, and other external factors. The goal is to gain deep market insights to make strategic and operational decisions in spare parts pricing. This involves considering market trends, customer needs, competitive activities, and technological developments.

In this context, AI for business plays a crucial role in processing and analyzing large datasets. AI can help identify patterns and trends that might be missed by the human eye. Within market intelligence, AI enables faster and more accurate market analyses, forecasts developments, and provides personalized insights.

Learn more about the role of AI, service, and software in machine manufacturing here!
AI, Machine Manufacturing & Software in Service – Interview with MARKT-PILOT founder, Tobias Rieker

What prerequisites are necessary to successfully implement market intelligence and artificial intelligence (AI) in after-sales?

To successfully establish market intelligence:

  • Ensure data quality
  • Conduct thorough data analysis
  • Implement continuous price adjustments

Leverage these steps using AI to create new market insights and support your strategy. The correct application of market intelligence combined with AI makes the difference between success and failure.

Want to learn more about the right approach for establishing market intelligence and the benefits of artificial intelligence for the spare parts business?

Book a demo with the MARKT-PILOT team here!

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