Country for PR: United States
Contributor: PR Newswire New York
Thursday, November 17 2022 - 00:00
AsiaNet
Equipped to Do More: Vermeer Selects Syncron to Enhance its Global Aftermarket Parts Pricing Operations
ATLANTA, Nov. 16, 2022 /PRNewswire-AsiaNet/ --

-- 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 ( 
https://c212.net/c/link/?t=0&l=en&o=3710622-1&h=1913024671&u=https%3A%2F%2Fwww.syncron.com%2Fsolutions%2Fprice-management%2F&a=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 ( 
https://c212.net/c/link/?t=0&l=en&o=3710622-1&h=4211070480&u=https%3A%2F%2Fwww.syncron.com%2Fsolutions%2Fprice-management%2F&a=syncron.com%2Fprice 
).

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 ( 
https://c212.net/c/link/?t=0&l=en&o=3710622-1&h=2153715660&u=https%3A%2F%2Fwww.syncron.com%2F&a=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 ( 
https://c212.net/c/link/?t=0&l=en&o=3710622-1&h=2248331748&u=https%3A%2F%2Fwww.vermeer.com%2Fna&a=vermeer.com 
). 

SOURCE: Syncron
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