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Manufacturing
One
of our customers is a global integrated manufacturer of petroleum
products and operates hundreds of distribution terminals
across the U.S. Our customer experienced difficulty gaining
visibility into the price-demand relationships in its business,
because doing so required hundreds of different prices to
be calculated and disseminated in a short span of time. While
the customer had the necessary raw data, the customer did
not have the ability to process this information in a timely
manner and therefore could not evaluate the effectiveness
of pricing decisions. Our software products automated pricing
recommendations and forecasts of next days' demand at relative
price points and competitor price postings for each distribution
terminal. As a result of implementing our software products,
our customer experienced a significant decrease in sales
volume volatility and realized increased profits in the distribution
terminals business.
Distribution
One of our
customers is a building products distributor that employs
approximately 750 sales people with full pricing autonomy
quoting tens of thousands of prices everyday. With tens
of thousands of products marketed and sold across multiple
U.S. regions, our customer found it difficult to aggregate
and analyze timely market data to implement effective pricing.
Our software products were implemented to provide key market
and cost information, market pricing benchmarks and customer-specific
decision support during real-time negotiations. This allowed
costs and profitability to be accessible at the time of
quote. As a result of implementing our software products,
the customer improved sales force productivity, reduced
variance across regions, increased deal capture percentages
and increased profits.
Services
One of our customers
is a global car rental company that maintains a fleet of
hundreds of thousands of cars across multiple classes and
makes. Our customer faced significant pricing challenges
in executing demand forecasting, analyzing the relevant
opportunity costs of fleet movements and optimizing profit
opportunities at the local level. Our software products
provide demand forecasting, pricing optimization and insight
into fleet management terms to deliver integrated recommendations
on pricing, distribution and fleet acquisition. As a result
of implementing our software products, our customer improved
its return on assets, reduced fleet idle capacity and recaptured
its investment in our software products in the first year
after completion of implementation.
Airlines
One of our customers
is a global passenger airline that serves diverse, segmented
markets in multiple countries and across multiple currencies.
Due to the complex nature of the airline industry, the
customer faced a variety of extremely challenging pricing
demands, including managing seating inventory and setting
millions of real-time prices everyday. Our software products
allowed our customer to perform real-time seat inventory
optimization by market segment, monitor and analyze passenger
traffic flows and optimize revenue across its entire network.
As a result of implementing our software products, our
customer achieved improved seat utilization rates across
multiple routes, optimization of segmented pricing and
generated increased profit.
Case
Study: Key Criteria for Selecting a Pricing Vendor
Vendor
Financial Viability
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Understanding
3rd Party Agreements and how they can influence a recommendation
and viability
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Existing
Customer Relationships - are they substantive
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Customer
References
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Why
an On-site Visit is Important
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Vendor
Product Evaluation
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