Distributor Pricing Strategy: How to Control 10,000+ SKUs Without Losing Margin

Managing distributor pricing at scale is where pricing governance is truly tested. It’s one thing to define pricing rules for a small product catalog. It’s another to maintain pricing control and enforcement across thousands, or tens of thousands, of SKUs spanning...

What is Cost Plus Pricing? Benefits, Challenges & Where It Fits Best

Cost plus pricing is one of the most straightforward methods for setting product prices. By adding a consistent markup to the total cost of production, this strategy ensures businesses cover their expenses while earning a steady profit. On the surface, it’s a simple...

How to Measure Customer Satisfaction: Manufacturers

In the competitive world of manufacturing, customer satisfaction is the key to long-term success. Satisfied customers are more likely to become repeat buyers and can even become advocates for your brand. But how do you know if your customers are truly satisfied with...

How Automation Can Reduce Manufacturing Costs

When nearly 80% of manufacturers in a 2022 survey are experiencing supply chain challenges, increased raw material costs, and the workforce downturn, it’s no surprise manufacturing companies are searching for ways to lower costs. Raw material, labor, energy consumed,...

The Benefits of Pricing Automation in Manufacturing

In the manufacturing industry, pricing is a critical element of business success. Accurately pricing products can help companies optimize profits and maintain competitiveness. However, pricing can be a time-consuming and complex process, particularly in large...