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Cost Saving with Tech-Mill

Cost Saving with Tech-Mill

Are you looking to get the electronic components you need while keeping your costs low?

Tech-Mill is here to help. Our cost-saving electronic components supply chain will work with you and your budget to provide all the electronic components you desire. 

With Tech-Mill, you can save money on every purchase - no more overspending! Plus, our friendly customer service team makes it easy for everyone involved.  

Act now by requesting our quote and start reaping the benefits of lower-cost electronics components with Tech-Mil today!
 

Why Tech-Mil’s cost management solution? 

Why Tech-Mil’s cost management solution? 

Cost reduction

Our cost management supply chain solutions help businesses identify and eliminate inefficiencies in their supply chain, leading to cost reductions.

Increased profitability

By reducing costs, our clients increase the profitability of their business.

Improved competitiveness

By reducing costs and increasing profitability, your business can improve its competitiveness in the market.

Better supplier management

By reducing costs and increasing profitability, your business can improve its competitiveness in the market.

Better decision-making

By reducing costs and increasing profitability, your business can improve its competitiveness in the market.

Better budgeting and risk management

By reducing costs and increasing profitability, your business can improve its competitiveness in the market.

Better compliance

By reducing costs and increasing profitability, your business can improve its competitiveness in the market.

How do we do it? with techmil

How do we do it?

Price Targeting

The main goal of price targeting is to optimize revenue and profitability by setting prices that will attract customers while also covering the costs of production and distribution.

Cost-plus pricing

This method involves setting prices based on the costs of production and distribution, plus a markup to cover overhead and generate a profit.

Value-based pricing

This method involves setting prices based on the perceived value of the product or service to the customer. This can be done by conducting market research to understand what customers are willing to pay for a product or service.

Competitive pricing

This method involves setting prices based on the prices of similar products or services offered by competitors.

Psychological pricing

This method involves setting prices based on psychological factors, such as using odd prices (e.g. $9.99 instead of $10) to make a product appear less expensive.

Skimming

This method involves setting high prices initially and then gradually reducing them over time as competition increases or demand decreases.

Penetration pricing

This method involves setting low prices initially to gain market share and then gradually increasing them over time as demand increases.

We want our clients to understand their costs, their customers, and market conditions. Furthermore, we continuously monitor and adjust prices as needed to ensure that they are aligned with business objectives and market conditions.

Purchase-Price Variance (PPV) services

Through our Purchase-Price Variance (PPV) service, we help businesses like yours track and analyze the difference between the price they expected to pay for an electronic product or service and the actual price they paid. This can include tracking the difference between the contracted price and the invoice price, as well as identifying any discrepancies or errors in pricing.

PPV services can help companies identify and address issues such as:

Contract compliance

Ensure that you are paying the contracted price for a product or service and that the supplier is meeting the terms of the contract.

Invoice errors

Identify and correct any errors or discrepancies in the invoice price, such as incorrect unit pricing or quantity.

Cost savings

Identify opportunities for cost savings by identifying areas where you could be overpaying for a product or service.

Trend analysis

Perform trend analysis on your purchase prices and identify patterns or fluctuations over time.

Benchmarking

Benchmark your product’s prices against industry standards, and identify areas where you are paying more than the market average.

Audit and reporting

Regular auditing and reporting to ensure that all purchases are in compliance with the contract and that all purchase records are kept accurate.

Your business will reap immense benefits from our PPV service. We will help you set up a system for tracking and analyzing purchase prices or help you choose the right software solutions to manage this process in-house. The use of PPV services can help your companies to better manage their costs and improve the bottom line.

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