Every economic activity revolves around cost of the products and services. In the similar way, in the automotive industry, cost plays a vital role in framing the policies and strategies of any original equipment manufacturing company. Based on the cost of the products, Original Equipment Manufacturers decide the price of the products and spare parts which directly impact the revenue of the original equipment manufacturing company. If Original Equipment Manufacturers fail to frame and decide on a comprehensive pricing policy of the company, this will result in the loss of revenue to the automotive company. Original Equipment Manufacturers need to frame their pricing policy keeping in view the changing economic condition of the market and hence they need to provide the flexibility in there pricing policy so that if any change or update is required in the pricing policy of the company, they should be able to update the price of the products and parts without putting in much efforts. Apart from the above challenges there are other challenges faced by OEM which can be overcome by using Intelli EPC.
Challenges before Original Equipment Manufacturers to Maintain Price List
In any automotive industry, Original Equipment Manufacturer needs to take care of different multiple factors which have direct or indirect impact on the price list of the products and parts. These multiple factors may vary from one region to another region or from one market to another market. Based on the different region and market, strategy and price / market department need to define the prices of different parts for different region and the prices are different and vary from one region to another region. Original Equipment Manufacturer use to print a separate catalogue for each region if they are using a traditional method of maintaining the prices of the products and parts. By adopting the traditional model, it is very difficult for any OEM to not only maintain and define different price list of the part from one region to other region but also, they face numerous challenges while updating the price list in the traditional parts catalogue. These manifold challenges emerged as the requirement of modern digital Electronics Parts Catalogue which should be able to handle the change in pricing policy of the automotive industry and original equipment manufacturers should also be able to update the price list hassle free as per the requirement of the company.
Intelli Electronics Parts Catalogue – One Stop Solution to Maintain Different Price List
The challenges which Original Equipment Manufacturers are facing in keeping a different price list for various products based on different regions and markets and then maintaining this different price list can be overcome by using Intelli Electronics Parts Catalogue Software. Intelli Electronics Parts Catalogue Software is an online web based parts catalogue solution which helps Original Equipment Manufacturers in defining the different price list for different parts and also for multiple regions. They can also maintain the different price list as per the market and it is also very stress-free for Original Equipment Manufacturer to update the price list of the different parts. Intelli electronics parts catalogue unlike the traditional parts catalogue is capable of maintaining different prices in different currencies. If Original Equipment Manufacturers wants to maintain one price list in one currency and different price list in different currency, the same is possible with the help of Intelli electronics parts catalogue. By having a standard price list as per market or region, Intelli EPC helps in avoiding conflict between dealers and Original Equipment Manufacturers and with the updated price list available in Intelli Electronics Parts Catalogue, dealers get to know the real time prices of the different parts and they can order for those parts keeping in view the prices available in the online parts catalogue.
Intelli EPC commitment is to deliver a simple and accurate service of maintaining the price list. It also helps Original Equipment Manufacturers in customizing the details of the different spare part which are available online as per their business requirement. It provides functionality to OEM to add or remove the details of different parts and if required, they can update the prices of the parts on real time basis. As Intelli Electronics Parts Catalogue is an online web based solution, it can be easily accessed from any location by the authorized dealer.
For more information and details about Intelli Equipment Parts Catalogue Software and our other World class products, visit our website www.intellinetsystem.com. We assure you of the best in class products which will help you to grow your business.