First let’s understand who OEMs are-
OEM (original equipment manufacturer) is defined as the company that manufactures equipment and sells them to another company, and that company resells those equipments under their own brand name. Basically, the business term for OEMs is “contract manufacturers”.
So, now the question is why an OEM or in general terms, why a business needs to offer discount?
Well the answer is – “Discount brings business”. Sounds strange?
Let’s dive deep down to understand this. Offering discount on equipment is a way to draw people attention towards your brand. Every time a customer got to know about discount, they are likely to visit your store. In OEM business, discount not only helps authorized dealers, but it helps OEM in improving their reputation, generate more revenue and bring success.
Offering discount is a business strategy and the ultimate goal is to steal market share and increase occupancy. It also provides OEMs with more cash flow during difficult economic times. While there are some more potential benefits of offering discount for OEMs which are described below, also there should be a proper channel to manage whole discount process automatically. First let’s look at some more advantages of offering discount:
Need Of Discount Management System (DMS)
Offering discounts is an age-old strategy for increasing customer base and sales. But with manual methods it is not possible. In this era of technology OEMs need smart and advanced software that can help OEMs to compete in market. That’s where discount management system comes in to play. This is fully automated tool designed according to OEMs needs and also OEMs can customize it according to their requirements. With proper planning, it can drive your business to new heights of success.
So that OEMs will gain an all-round picture of the process and can interact with each dealer individually. OEMs can also measure performance, thanks to comparability and transparency, and introduce optimizations selectively.
Slabs Under Discount Management System:
So, this is how a DMS can help OEMs in generating revenue and making their brand name strong in the market. The module is developed by Intellinet systems and can be integrated with existing software like illustrated part catalogue.
If you wish to experience a free demo of the software or have any query, connect now at www.intellinetsystem.com