Companies can use pricing to reflect the value of a service to a market. But when you connect pricing to situational demand, companies can create increased value and competitive differentiation.
This is done using data from IoT sensors or operational systems that can provide insights into usage, capacity, availability of assets or customer behavior, which can then be used to guide a customer’s behavior through pricing incentives.
Companies who acquire commodity products or services from suppliers typically have multiple suppliers to reduce risk and desire to acquire at the lowest price. Optimized costing allows companies to acquire products and services at the most optimized price and terms. For example manufacturers and distributors are looking for the lowest price and best terms from amongst their common parts suppliers.
Suppliers pricing, terms and deliveries are frequently changing, moreover supply chain shocks and inflation can cause havoc to costs and deliveries. Pricing and terms changes make it difficult to track lowest pricing. For example Manufacturing or distributors who acquire commoditized parts from multiple suppliers at terms and at the lowest price to ensure consistent profitability.
Supplier pricing plans, terms and forecast deliveries can be automatically updated in Dynamics Billing. Forecast usage of products are compared against all suppliers plans and terms and the lowest invoice cost from the Supplier is awarded for the next order.
Lowest cost Suppliers at the best terms are always selected
Supply cost spikes and terms are minimized
Supply based costs are controlled
Omniware Dynamics Billing is integrated with Microsoft Dynamics, which allows you to enhance your ERP / CRM system with powerful billing capabilities and a familiar interface.