Case Study
Hitachi optimizes market pricing
Hitachi Construction Machinery (HCM) optimized its pricing system with Syncron Price™ to improve margins and streamline operations. Facing challenges with an outdated cost-plus pricing model, HCM needed a solution to handle over 1 million parts, with 24,000 new parts introduced annually. Syncron Price™ provided advanced analytics, science-based segmentation, and pricing guidance, reducing the annual price revision lead time from 5 to 3 months and cutting new parts pricing time by 30%. HCM projects a gross profit increase of $20M over 5 years through better pricing strategies.