Norgren selects Syncron for pricing intelligence driven by AI/ML for greater profitability - The EE

Norgren selects Syncron for pricing intelligence driven by AI/ML for greater profitability

Syncron announced that Norgren, a part of IMI plc, a global provider of designing and manufacturing motion and fluid control technologies, has selected Syncron Price to automate and streamline pricing operations, elevate the customer experience and improve efficiency and profitability.

“We needed an automated tool to maximise visibility, increase efficiency and create consistency across the entire work product range,” says Gianluca Fogu, EMEA pricing manager, Norgren. “Since our business involves product configuration, we needed a streamlined solution for full visibility across our entire portfolio and increased operational efficiency.”

Syncron Price is an intelligent parts pricing platform that transforms pricing strategies with a fit-for-purpose solution. Leveraging artificial intelligence (AI) and machine learning (ML), it identifies unseen pricing opportunities to maximise sales volumes, revenue and service profitability from aftermarket business.

Furthermore, Syncron Price analyses historical and current pricing data to make intelligent pricing decisions and segment new parts as they get added to the supply chain. An intuitive, highly configurable solution with out-of-the-box functionality, Syncron Price offers tools to visualise parts pricing data with customizable dashboards and ad-hoc reports to quickly identify pricing opportunities for greater profitability across the entire supply chain.

“With sophisticated technology that guarantees price competitiveness, Syncron Price optimises dynamic pricing on a global scale,” says Anneliese Schulz, chief revenue officer, Syncron. “Syncron Price equips organisations like Norgren to respond proactively to fluctuating market conditions for a more streamlined approach.”

To learn more about Syncron Price, visit here.

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