The Syncron solution will automate and optimizes prices to improve revenue and margin for the spare parts division of the company. The new pricing solution runs out of the Syncron data center, which is located in Stockholm, Sweden.
Kobelco is hoping to improve the end users perception of prices by tying the price to the characteristics of the product. For example, hoses are classified by length, couplings and materials used. Kobelco will uses this information as a foundation to adjust the company’s price lists and expects to begin rolling out the new prices by mid-2015.
”We selected Syncron because the system eliminates confusion for the end user by tying price to product features. This functionality will improve ability to price parts correctly and logically,” said Akinori Iwamatsu, Director of Parts Business Promotion Department. The Syncron solution gives the price managers at Kobelco the ability to view the target price, current price, cost and sales volume. In addition, the software enables users to simulate the impact of price changes and build price revision scenarios.
To read more about the Kobelco case study, and learn more about Syncron's optimization solutions, visit the Syncron Newsroom.
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