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A world leader in motion and fluid control technologies implements Syncron Price to automate and optimize dynamic pricing.
CHICAGO, March 7, 2023 /PRNewswire/ -- Syncron today announced that Norgren, part of IMI plc, a world leader in the design and manufacture of motion and fluid control technologies, has selected Syncron Price to automate and streamline the operations of pricing, elevate the customer experience, and improve efficiency and profitability.
"We needed an automated tool to maximize visibility, increase efficiency and create consistency across the full range of work products," said Gianluca Fogu, EMEA Pricing Director, Norgren. "Since our business involves product configuration, we needed a streamlined solution for complete visibility across our entire portfolio and increased operational efficiency."
Syncron Price is an intelligent parts pricing platform that transforms pricing strategies with a tailored solution. Leveraging artificial intelligence (AI) and machine learning (ML), it identifies never-before-seen pricing opportunities to maximize sales volumes, revenue and service profitability for the aftermarket business.
In addition, Syncron Price analyzes current and historical price data to make intelligent pricing decisions and segment new parts as they enter the supply chain. An intuitive and highly configurable solution with out-of-the-box functionality, Syncron Price offers tools to visualize part pricing data with customizable dashboards and ad hoc reports to quickly identify pricing opportunities and drive greater profitability in the entire supply chain.
"With sophisticated technology that ensures price competitiveness, Syncron Price optimizes dynamic pricing on a global scale," said Anneliese Schulz, Syncron's chief revenue officer. "Syncron Price equips organizations like Norgren to proactively respond to fluctuating market conditions for a more agile approach."
To learn more about Syncron Price, visit https://www.syncron.com/price.
About SyncronSyncron helps manufacturers and distributors capitalize on the new service economy by optimizing aftermarket profitability, increasing customer loyalty, and enabling the transition to servitization. Syncron aligns all after-sales services with its Connected Service Experience (CSX) cloud platform, helping companies differentiate through exceptional after-sales experiences while driving significant revenue growth. Trusted by the world's leading brands, Syncron is the world's largest privately owned leader in intelligent service lifecycle management SaaS solutions. For more information, visit syncron.com.
About NorgrenAs a respected world leader in motion control and fluid technology, Norgren is ideally positioned to discover innovative engineering solutions and play an active role in important industry sectors that contribute to the quality and success of everyday life. Norgren offers knowledge, technical excellence and a collaborative approach, to help our clients build a better future. Norgren's reputation is built on a world-class, high-performance product portfolio, consisting of Bimba, Buschjost, FAS, Herion, Kloehn and Maxseal; and in the ability to offer exceptional local service. Part of UK FTSE 250 listed engineering company IMI plc, Norgren has a sales and service network in 55 countries, technical centers in the US, Germany, UK and China, and manufacturing facilities around the world. More information at www.norgren.com.
About IMI plc IMI plc, the specialist engineering company, designs, manufactures and services highly engineered products that control the precise movement of fluids. Its innovative technologies, based on valves and actuators, allow vital processes to work safely, sustainably, cleanly, efficiently and profitably. IMI employs around 10,000 people, has factories in 18 countries and has a global service network. The company is listed on the London Stock Exchange. More information at www.imiplc.com.
IMI, Norgren, Bimba, Buschjost, FAS, Herion, Kloehn and Maxseal are registered trademarks of the IMI and Norgren companies.
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