Let's Talk Pricing Podcast

Rethinking Cost-Plus: The Journey to Market-Based Pricing


Listen Later

Effectively pricing spare parts remains a substantial challenge for machine manufacturers, as an estimated 73% of commodity parts are sold below their optimal price points. Traditional pricing models, such as cost-plus and value-based pricing, exhibit significant limitations in this evolving market. To navigate these challenges, Original Equipment Manufacturers (OEMs) must adopt market-based pricing strategies. This approach not only enables them to enhance their parts business but also accelerates revenue growth and cultivates stronger customer loyalty. 

Tim Geyer leads MARKT-PILOT in North America. Prior to joining MARKT-PILOT, Tim led the charge into new markets helping international startups scale. Additionally, he was a member of the Energy Strategy practice of Accenture. Early in his career, Tim was an innovator in the manufacturing industry driving revenue in sales and service roles. Learning at the forefront of new technology inspired Tim to help lead the change in the aftermarket parts industry with MARKT-PILOT. He brings to the US market, best practices from 100+ European manufacturers to share with OEMs across the US and Canada.

Tim earned his BA in Industrial Management from DHBW Stuttgart and his MSc in International Business Development from ESB Business School with research stays in Rotterdam and Melbourne. Tim is also an active tennis player and avid soccer fan, rooting for VfB Stuttgart every chance he gets. 

...more
View all episodesView all episodes
Download on the App Store

Let's Talk Pricing PodcastBy The Professional Pricing Society

  • 4.1
  • 4.1
  • 4.1
  • 4.1
  • 4.1

4.1

7 ratings


More shows like Let's Talk Pricing Podcast

View all
HBR IdeaCast by Harvard Business Review

HBR IdeaCast

1,830 Listeners

Marketplace by Marketplace

Marketplace

8,649 Listeners

Freakonomics Radio by Freakonomics Radio + Stitcher

Freakonomics Radio

32,260 Listeners

Odd Lots by Bloomberg

Odd Lots

1,784 Listeners

Pivot by New York Magazine

Pivot

9,140 Listeners

The Daily by The New York Times

The Daily

111,827 Listeners

Up First from NPR by NPR

Up First from NPR

56,191 Listeners

DataFramed by DataCamp

DataFramed

267 Listeners

Practical AI by Practical AI LLC

Practical AI

192 Listeners

Impact Pricing by Mark Stiving, Ph.D.

Impact Pricing

50 Listeners

The Prof G Pod with Scott Galloway by Vox Media Podcast Network

The Prof G Pod with Scott Galloway

5,312 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,155 Listeners

People I (Mostly) Admire by Freakonomics Radio + Stitcher

People I (Mostly) Admire

2,137 Listeners

HBR On Strategy by Harvard Business Review

HBR On Strategy

84 Listeners