Data-driven solutions: The key to success
We accompany our customers on their path to sustainable success and develop tailor-made solutions for their individual requirements. Find out how we use data-driven approaches to create measurable benefits for your company.
Using data to drive value
In an ever more complex and dynamic world where millions of data points are generated every day, the use of data for specific purposes is proving to be a decisive factor for success. Data-based solutions give companies the power to make better, faster, and more informed decisions. Whether it’s managing business processes more efficiently, identifying risks early on, making targeted use of opportunities, or strengthening competitiveness in the long term – data creates transparency and forms the basis for efficient processes. Data-driven solutions help companies take more targeted action and achieve lasting success. A selected use case illustrates exactly how this works and highlights where data creates real value in day-to-day work, streamlining and optimizing processes.
Improving price and product management at a leading company in the automotive aftermarket
How can a global manufacturer set competitive prices in a highly complex aftermarket with complex data structures, identify market trends early on, and achieve profitable growth based on data?
A global manufacturer is challenged with the task of sustainably optimizing its pricing and product strategies in the dynamic aftermarket. A comprehensive overview and in-depth understanding of developments in this increasingly complex market are essential to ensure a quick and targeted response to market changes. Due to a multitude of data sources and the complexity of information, it is becoming increasingly difficult to develop offers that are both competitive and profitable.
The Market Data Engine (MDE) provides decision-makers responsible for pricing and product management with a central platform that combines comprehensive market information and advanced analytics. Key benefits:
- All-in-one solution: As one of the world‘s largest spare parts databases, MDE offers central access to up-to-date aftermarket data in a structured and user-friendly format.
- Targeted analytics: Market trends and price developments can be identified and evaluated quickly and accurately for individual parts or entire product groups.
- Optimized processes: Data-driven decisions enable more effective price and product management and strengthen competitiveness in the long term.
Thanks to the Market Data Engine, the manufacturer was able to gain a comprehensive overview of the global aftermarket for the first time. This new transparency directly translates into measurable success:
- Market-driven pricing sustainably increases the competitiveness of the spare parts offering.
- Faster response times to market changes enable proactive management of the resulting opportunities and risks.
- Thanks to well-founded, data-driven decisions, sustainable sales growth was achieved in the aftermarket segment.
This enabled the company to set the course for a strong market position for the future.
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