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Traditional pricing methods, such as cost-plus pricing, are outdated. Market-based pricing is a strategy that utilizes real-time market analytics for informed pricing decisions. This page explores strategies for sustainably increasing revenue through market-based parts pricing. It also provides insights on the advantages of adopting this pricing approach and guidance on implementing it effectively.

Especially during economic crises, the spare parts business becomes an essential factor. Machine manufacturers often gain over 60% of their service revenues from spare parts. However, around 73% of these parts have untapped potential for price increases, leading to lost sales opportunities. Here are three tips to improve your spare parts revenue.

Putting the focus on customer service excellence is becoming extremely important for machine manufacturers. Successful customer service is built on a commitment to maintaining lasting customer satisfaction and loyalty. Discover the key elements that drive service excellence in the machine manufacturing industry.

Pricing software is designed to help a company determine the price for its service or goods. For machine manufacturers, and the after-sales sector specifically, AI-supported pricing software provides technological support for data-based, market-oriented pricing to facilitate the determination of costs and pricing strategies for spare parts. On this page, you will find the fundamental principles of pricing software, along with its key functions and benefits.

Companies that rely on manual, paper-based processes are increasingly struggling with inefficient workflows, long response times, and rising customer demands. At the same time, competitive pressure is growing as more and more machine manufacturers introduce digital solutions to reduce costs and strengthen customer loyalty. On this page, we demonstrate the benefits of digitalalization in machine manufacturing and give concrete tips to improve your parts business.

AI and AI-powered business intelligence are reshaping the machine manufacturing industry, revolutionizing operations and creating new opportunities for growth. By streamlining supply chains and increasing revenue streams in the parts business, AI is supporting innovation at every level of the sector. However, implementing AI requires careful planning and integration to be successful. This page outlines key concepts of AI and offers practical insights to help you integrate AI into your operations.

In this article, we will cover the top three main features of our intelligent, AI-based PRICERADAR tool and their incredible benefits to machine manufacturers.