Equipped to Do More: Vermeer Selects Syncron to Enhance its Global Aftermarket Parts Pricing Operations
PR98828
ATLANTA, Nov. 16, 2022 /PRNewswire=KYODO JBN/ --
-- Global manufacturer of industrial and agricultural equipment uses Syncron
Price to optimize parts pricing and increase customer satisfaction
Syncron announced today that Vermeer Corporation, a global manufacturer of
industrial and agricultural equipment, has selected Syncron Price (
) to leverage pricing intelligence, optimize its current pricing capabilities,
and improve customer satisfaction.
Logo - https://mma.prnewswire.com/media/1832423/Syncron_Logo.jpg
Understanding the importance of securing the best prices for their customers,
Vermeer realized there was room to optimize their pricing operations. "Before
partnering with Syncron, our pricing system was highly complex, created the
opportunity for uncertainty in data, and was difficult to use on a mass scale,"
said Philip Egging, director of aftermarket, Vermeer. "We needed an
out-of-the-box parts pricing solution that specializes in the aftermarket for
parts ranging from highly competitive to proprietary, allowing us to elevate
our approach to proactive management of parts volume and strategies."
With Syncron, Vermeer can implement multiple pricing strategies across a
broader range of parts. Recognized as an industry leader, Syncron Price
leverages artificial intelligence (AI) and machine learning (ML) to identify
unseen pricing opportunities that maximize sales volume, revenue, and service
profitability from aftermarket business.
Furthermore, Syncron Price offers advanced analytics that gather and analyze
data on price elasticity, customer demand, the market value of spare parts and
customer willingness to pay. It leverages automation to optimize bulk and new
parts pricing and allows users to model different scenarios to understand
marginal impacts for all stakeholders.
"Navigating the complexities of changing markets and supply chain issues can
make it especially difficult to accurately price aftermarket products for
manufacturers, dealers, and suppliers," said Anneliese Schulz, chief revenue
officer, Syncron. "Syncron Price enables organizations like Vermeer to
efficiently perform critical price management processes and brings pricing
practices to the next level whilst taking the complexities and the specifics of
the aftermarket and service business into account."
Syncron Price is an essential component of the Syncron Connected Service
Experience (CSX) Cloud, an AI- and ML-driven platform that helps manufacturers
and service organizations transform their approach to service lifecycle
management (SLM) from beginning to end.
To learn more about Syncron Price, visit syncron.com/price (
).
About Syncron
Syncron empowers leading manufacturers and distributors to capitalize on the
new service economy. We improve aftermarket business profitability, optimize
working capital, increase customer loyalty and successfully enable the
transition to service-driven business models. With industry-leading investments
in AI and ML, Syncron offers the first innovative, customer-endorsed,
end-to-end intelligent SLM solutions portfolio. Delivered on our CSX platform,
our solutions include parts inventory, price, warranty, service contract, and
field service management. It is no secret that the world's top brands trust
Syncron, the largest, privately-owned global leader in intelligent SLM
software-as-a-service (SaaS) solutions. For more, visit syncron.com (
).
About Vermeer
A leading manufacturer of industrial and agricultural equipment, Vermeer
Corporation equips customers across a diverse group of industries, including
underground construction, infrastructure, surface mining, tree care,
environmental and agriculture. Headquartered in Pella, Iowa, Vermeer has
regional offices in the Netherlands, Brazil and Singapore; additional
manufacturing facilities in South Carolina, Florida and South Dakota in the
United States, as well as the Netherlands and Tianjin, China; and more than 600
dealers located around the world. Family-owned and operated since 1948, Vermeer
relies on a dedicated team of nearly 4,000 professionals to design, build and
support the equipment that connects people to necessities, manages natural
resources and feeds and fuels communities. Learn more at vermeer.com (
).
SOURCE: Syncron
本プレスリリースは発表元が入力した原稿をそのまま掲載しております。また、プレスリリースへのお問い合わせは発表元に直接お願いいたします。
このプレスリリースには、報道機関向けの情報があります。
プレス会員登録を行うと、広報担当者の連絡先や、イベント・記者会見の情報など、報道機関だけに公開する情報が閲覧できるようになります。
