Solutions Lab

Price Management

Overview

Price Management

The Challenge

Amid economic fluctuations, many electronic companies encountered challenges in managing pricing strategies to balance affordability and profitability. To offset the impacts, some companies such as Bose implemented discounts and promotions that sustained sales volumes while strategically adjusted production costs to maintain margins.

Technology plays a crucial role in cost optimization and value creation. To remain competitive in the market, consumer electronics and manufacturing companies leverage advanced manufacturing techniques, materials, and design processes to uphold product quality while effectively managing costs.

The Solution

Capsifi addresses these challenge by offering comprehensive visibility into the operating model, pinpointing gaps, duplications, and opportunities for cost optimization. By aligning the operating model with customer experiences, Capsifi can assess the potential impacts of operational cost reductions on consumer sentiment.

By providing non-technical and consumable visualizations, Capsifi facilitates cross-functional communication to support effective cost optimization strategies.

Here’s some practical ways the Capsifi platform can address and resolve these industry-wide challenges:

  • Analyze your operating model to identify cost optimization opportunities and increase profit margins
  • Understand your customer experience in relation to your operating model to determine where discounts and promotions will be valued

Key features used
Customer Journey Maps
Painpoints
Idea Management
Service Blueprint
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Starting your Own Journey

Three ways for you to get started with Capsifi

Gartner disclaimer:

Gartner, Magic Quadrant for Enterprise Architecture Tools, Akshay Jhawar, Gilbert van der Heiden, Andrew Gianni, Andreas Frangou, 12 December 2022.
GARTNER is a registered trademark and service mark and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.