5 Reasons to Invest in the Aftermarket Business- with Examples
The aftermarket service industry offers OEMs a lucrative opportunity to better meet customer needs.
Despite this, the average manufacturer is only capturing 25% of its customer’s total service spending on its products. This not only loses you valuable profit margin, but also contributes to your competitors’ aftermarket business. A lose-lose.
Visibility: the Core Element of Dealer Inventory Management
Inventory management is a critical component of any heavy equipment OEM’s business, especially when it comes to spare parts components which typically have to be available at any given moment.
However, this is easier said than done. Having the right parts at the right time in the right place to ensure high fill-rates and limited downtime requires a lot of connectivity and visibility.
