Incorporate Indexes into Price Strategies
Businesses selling goods and services reliant on commodities need to stay in tune with fast-changing market conditions. Frequent changes in costs, supply and demand require companies to quickly adjust prices to maintain competitiveness and protect profitability. Unfortunately, many businesses in Food production, Industrial manufacturing, Chemicals and Oil & Gas still rely on spreadsheets and manual processes for price changes, which leads to lost sales and margin leakage.
Learn how leading commodity-based businesses, reliant on PROS Pricing Solutions, leverage dynamic pricing updates to respond effectively to the volatile environment and ensure prices adjust to the latest market and index information.