"Honestly, we have limited resources, so we thought it was more important to, when we rolled out to a store, to do it right the phased approach really helped us focus in on, pricing we have thousands and thousands and 10s of thousands of SKUs. Think about all that data and all the ways you could look at it and there’s lots of people you need to have conversations with [to get it done right] and put it into bite sized chunks so that we could be have a better quality roll out for the stores."
"By moving from an internal sales price strategy between the parent company and the affiliated subsidiaries, to a value-based approach the corporation increased customer satisfaction, internal efficiency, and profits."
"Managing pricing in a complex and dynamic business environment can be overwhelming, but with Vendavo we now have a centralized and streamlined approach that enables us to make data-driven pricing decisions. It has transformed our pricing process and allowed us to navigate the challenges we face in the market with greater agility and confidence."
“The Vendavo Global Support team has been a pleasure to work with over the years. They have provided quality support, through fixes and suggestions, in a timely manner for issues regarding system down, performance, environments and collaborative enhancements. Their relationship has been an invaluable part of keeping a high level of business pricing continuity for 3M.”
"Vendavo is a game changer for our whole company around the globe."
"Vendavo really took the time to learn the business and transformed the pricing function as a whole and really enabled us [to] hit the ground running. Day one, we we’re able to accelerate our business case and pay back the investment six months earlier than expected through this change management."
"Vendavo capabilities help GAF meet objectives for "increasing and (being) much easier to do buisness with - more than anyone else in our space."
"We appreciate the partnership and looking forward to more to come."
“That’s another success story of CPQ, the very close alignment with our manufacturer. It is really nice for us to have a seamless relationship as it relates to their products.”
“Customers have been very pleased with the live quote process. It eliminates the opaque black-box feeling and long wait times of the previous quote method and they can instantly see what other options do to their pricing. When trust levels goes up, sales levels go up.”
"Huge improvements in our margin delivery, and when you think of a 60 billion dollar company and you're talking about 100-plus basis points of margin, that's a lot of money to take to the bank."
“Putting our most sensitive pricing and profitability data in the hands of another company was scary and a big hurdle for us to get over. But Vendavo met all our IT and security requirements, plus the solution is updated and upgraded on a more regular basis than we could do ourselves. Going with the Vendavo-hosted solution is the best decision we could have made.”
“Our pricing capabilities and throughput have gone up exponentially with Vendavo. What used to take us 4 to 5 weeks is now taking us only 4 to 5 days. We’re getting more meaningful data, we’re acting more thoughtfully, and it’s paying off with higher margin sales.”
“We have multiple departments that must collaborate on pricing such as finance, marketing and sales, Pricing workflow is built into Vendavo so that as calculations and decisions are made, everyone can see the work, access the latest pricing and get the information out to the field faster. We can get new pricing done in hours now instead of weeks.”
“Changing business models are set to challenge the Aftermarket sector, which won’t be immune to the ‘everything-as-a-service’ paradigm that’s revolutionized every other sector. In addition, the trend towards outcome-based billing and total lifecycle costs may have a direct impact on how manufacturers manage and price their spare-parts inventory.”