Pricing Executive AfterMarket Products Services

Job Description

Pricing Executive - Aftermarket Products & Services | Al Futtaim Automotive | Global AftersalesOverview of the role:As an Automotive Aftersales Pricing Executive, you will play a crucial role in supporting implementing and optimizing pricing strategies for our automotive aftermarket products and services. Your primary responsibilities will include identifying new repair work suitable for customer centric pricing structure, analysing pricing data, driving profitability and customer satisfaction as well as ensuring margins remain in line with structured positioning.ÿWhat you will do:Supporting Implementing and Maintaining Strategic Changes?ÿCollaborate with cross-functional teams to implement pricing strategies for automotive aftermarket products and services, including tier 1 workshop services.?ÿWork closely with the B2C Pricing Manager in preparing financial impact analyses.?ÿEnsure new automotive brands and models are accurately implemented and maintained within pricing structures.?ÿUtilize statistical analysis and data visualization techniques to create solutions that enhance business performance, covering tier 1 workshop services.?ÿCreate illustrations and visualizations of data that are easily comprehensible to non-technical stakeholders, communicating modeling results as measures of the businesss impact on tier 1 workshop services.Data Analysis and Model Performance Monitoring?ÿCollect and analyze pricing data, using large data sets to identify opportunities for product and process optimization, including tier 1 workshop services.?ÿIdentify relevant pricing data sources and sets to mine, including structured and unstructured pricing datasets and variables.?ÿDevelop processes and tools to monitor and analyze model performance and data accuracy, especially for tier 1 workshop services.?ÿCreate automated anomaly detection systems and constantly track their performance.?ÿSupport ad-hoc inquiries by modeling the impact and effect of various scenarios related to tier 1 workshop services.?ÿUtilize EVHC data to identify sale potential through red and amber work not converted to sales orderPrice Optimization & Margin Monitoring?ÿConduct regular pricing reviews to ensure alignment with company objectives and market conditions, covering tier 1 workshop services.?ÿImplement pricing changes and promotions as needed to drive sales and meet revenue targets for tier 1 workshop services.?ÿMonitor and correct erroneous pricing, such as low or negative margins, while analyzing root causes.?ÿEnsure vehicle model job pricing is up to date and maintained within the online portal.?ÿEnsure margins are in line with business structures and factors, utilizing pricing solution software.Menu Pricing Management and Fixed Job Matrix Pricing?ÿMaintain menu pricing solutions, ensuring existing structures reflect as intended, including tier 1 workshop services.?ÿIncorporate new vehicle models and brands into menu pricing structures, including tier 1 workshop services.?ÿIdentify new jobs for inclusion in menu pricing and model the ideal position and profitable pricing for these additions, with a focus on tier 1 workshop services.?ÿIdentify and refine process efficiencies, including new logic for APP (Automotive Parts Pricing), to enhance tier 1 workshop services.?ÿEnsure products remain in line with business-approved logics, particularly for tier 1 workshop services.?ÿMonitoring and ensuring the maximum usage of company developed and approved customer centric rates, highlighting under usage to performance management team.Labour Structuring and Reviewing?ÿSupport the B2C Pricing Manager in conducting regular Labour Rate Reviews, Regularly assess and review the labor rates charged for automotive aftersales services. This includes evaluating the current labor rate structure and benchmarking it against competitors. Identify opportunities for adjustments to ensure competitiveness while maintaining profitability.?ÿLabour Rate Structuring, implement a structured approach to labor rates that takes into consideration lost sales conversion with discounting. Monitor the tiered discounting structure that aligns with the companys pricing strategy.

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