Drive your profit and price acceptance through Industrialized Perceived Value Optimization
Automates perceived value pricing for spare parts catalogs scaling to millions of SKUs by analyzing customer segments, product criticality and technicity, and market positioning. Reduces manual pricing workload while optimizing margins. Enables bidirectional data exchange with SAP ERP to analyze master and transactional data and apply pricing recommendations as condition records.
Overview
Seamless integration with SAP ERP and enterprise systems
Beyond API-based connectivity, LBP delivers prebuilt, configurable integrations with SAP ERP using SAP Integration Suite to exchange data bidirectionally and embed pricing recommendations into customer pricing processes.
Industrialize perceived value to optimize spare-parts pricing
Reduce inconsistent pricing and sub-optimal margins through industrialized perceived value. LBP Technology ensures price acceptability and covers a large number of spare-parts.
Automate with in-house AI algorithms built to drive processes
With automatic integration of engineering data and technical attributes by our AI-model, LBP Technology is able to set relevant prices. As a result, millions of calculations, used to determine a price based on the individual characteristics of each part, are processed simultaneously.
Details
Solution type
APIs and Technical Components
Industry
Engineering, Construction, and Operations, Automotive, Industrial Manufacturing, Cross-Industry
Compatibility
Works with
SAP Integration Suite
Features
AI-driven automated processes
Optimize your prices through millions of calculations, enabling pricing that is tailored to the individual characteristics of each part. With relevant parameters for defining prices, the aim is to ensure profitability and satisfaction for all stakeholders.
Catalog and pricing rules
View, customize, filter and categorize the catalog of spare parts based on a logic of technical and marketing valorization. Analyze the impact of price optimization and adjust any pricing inputs with the pricing rule interface. Visual KPIs to ensure that operations match optimization targets.
Part View
Explore the entire rational around each part: every attribute, value breakdown and pricing information is available at a glance. Pricing, segmentation, sales and other dedicated views allow you to reach a deep understanding of the prices we advocate, and to setup prices for new parts in seconds.
Plans and pricing
Basic Edition
Spare Parts Catalog
Dynamic Perceived Value
Pricing Performance Monitoring
SAP Interfacing
Spare Parts Catalog
Dynamic Perceived Value
Pricing Performance Monitoring
SAP Interfacing
- Minimum contract 1 month
Spare Parts Catalog
Dynamic Perceived Value
Pricing Performance Monitoring
SAP Interfacing
Spare Parts Catalog
Dynamic Perceived Value
Pricing Performance Monitoring
SAP Interfacing
