The Benefits of Pricing Automation in Manufacturing

Apr 12, 2023

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 manufacturing operations with many products and customers. Keep reading to learn more about the benefits of pricing automation in manufacturing, and how Rockton Pricing Management (RPM) can make it a seamless, streamlined process. 

Increased Efficiency 

One of the primary benefits of pricing automation in manufacturing is increased efficiency. By automating the pricing process, manufacturers save time and reduce the risk of errors that can occur when pricing is done manually. Additionally, pricing automation can help manufacturers quickly update prices in response to market changes, ensuring that prices remain competitive and profitable. 

Greater Accuracy 

Automated pricing systems can significantly improve accuracy by eliminating the manual errors that occur in pricing. This is particularly important in the manufacturing industry, where even small pricing errors can have a significant impact on profits. Furthermore, automated pricing systems can also help ensure that prices are consistent across all products and customers, reducing the risk of pricing discrepancies and customer complaints. 

Data Driven Decisions 

Pricing automation can provide manufacturers with more data and insights into pricing decisions. Automated systems analyze pricing data, sales trends, and other factors to provide manufacturers with actionable insights to inform pricing decisions. This can help manufacturers optimize prices for various products and customers and identify opportunities for increased profitability. 

Competitive Differentiation  

By automating pricing, manufacturers can stay competitive in an increasingly crowded market. Pricing automation can help manufacturers quickly adjust prices to respond to changes in the market or competitors’ pricing. Additionally, automated systems identify pricing opportunities that can help manufacturers stand out from the competition. 

Automation in Manufacturing with Rockton Pricing Management (RPM) 

Does your current pricing software require manual calculation, making it prone to error? Does it lack the ability to offer discounts or price competitively? Is it able to accurately and transparently track revenue and commissions? Rockton Pricing Management is a comprehensive pricing solution that can be tailored to your needs. Here is what RPM does: 

  • Automate even the most complex and obscure pricing scenarios and calculations.  
  • Create, organize, filter and search all your price lists in a way that makes sense.  
  • Track all your price adjustments – rebates, commissions, promotions, and more.  
  • Enable date-driven pricing with all historical pricing tracked. 

Give Pricing Automation a Try! 

Pricing automation offers several benefits to the manufacturing industry. By streamlining pricing, manufacturers can increase efficiency, accuracy, and competitiveness. If you’re looking for the software to make this possible, reach out to our team today to schedule a demo! We can’t wait to introduce you to Rockton Pricing Management (RPM) – the most powerful, flexible, multi-platform pricing solution ever available! 

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