Case Study

ELECTRICAL PRODUCTS DISTRIBUTOR IMPROVES GROSS MARGIN WITH PRICE OPTIMIZATION AND HELPS REPS QUOTE WITH CONFIDENCE

ELECTRICAL PRODUCTS DISTRIBUTOR IMPROVES GROSS MARGIN WITH PRICE OPTIMIZATION AND HELPS REPS QUOTE WITH CONFIDENCE

Pages 3 Pages

Thriving in the electrical products distribution industry is a challenge due to its fragmented nature and dependence on raw materials whose costs constantly change. Daily price fluctuations in commodities mean profits are a moving target. From a pricing perspective, customers have plenty of options and expect a convenient and consistent buying experience, regardless of sales channel. For large distributors with dispersed sales teams and an eCommerce presence, these expectations require a sound holistic pricing strategy. After further analysis, it was revealed that the company was missing an additional $10 million per year in expansion and recovery opportunities.

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