OEM Extended Warranty & Service Contract Audit: B2B Consulting Announced

Oct 10, 2023

Key Takeaways

Blumberg Advisory Group has updated its Extended Warranty and Service Contract Audit program to help OEMs improve their aftermarket revenue sales.
The update includes in-depth auditing of OEM's existing warranty offerings to identify areas for increasing aftermarket sales and improving customer engagement.
The consulting firm uses data-driven research and competitor analysis to create an actionable roadmap based on industry best practices and benchmarks.
The audit is conducted by Blumberg Advisory Group's experienced team, who compare and contrast a client's offerings with industry best practices to address challenges and improve processes.
Improvements can be expected in aftermarket sales performance, operational efficiency, customer satisfaction, and overall profitability, positioning businesses ahead of competitors.

To help Original Equipment Manufacturers (OEMs) find ways to improve their aftermarket revenue sales, Blumberg Advisory Group has announced an update to their Extended Warranty and Service Contract Audit program.

Warrington, United States - October 10, 2023 /PressCable/ —

The recent update from Blumberg Advisory Group includes in-depth auditing of an OEM’s existing warranty offerings in order to identify areas of opportunity for increasing aftermarket sales while also improving overall customer engagement.

More information is available at https://www.blumbergadvisor.com/ewsc-brochure

With their update, the consulting firm implements data-driven research and competitor analysis to determine industry best practices and benchmarks before creating an effective and actionable roadmap.

While extended warranties (EW) and service contracts (SC) can be highly beneficial investments for businesses, there are many factors that can impact an OEM’s potential to maximize this revenue opportunity. These can include a lack of visibility of the warranties available, a customer’s perception of the value of its coverage compared to its price, and the overall sales strategies used when offering service contracts. To help OEMs learn how they can improve their EW/SC processes, Blumberg Advisory Group offers an in-depth Extended Warranty and Service Contract Audit program.

The B2B audit processes are conducted by the company’s team, who have extensive experience working in the warranty industry. This knowledge allows them to compare and contrast a client’s services and offerings with those of industry best practices, as well as have an unparalleled understanding of the challenges their clients will face.

Using a systematic approach to auditing, Blumberg Advisory Group’s team works alongside clients to understand their business goals, cost structures, and current sales and marketing processes. Once complete, the team will assist clients in implementing a step-by-step system for improving their EW/SC processes that meet both their business needs and the industry expectations.

OEMs can expect to see improvements across several KPIs, including the performance of aftermarket sales, operational efficiency, customer satisfaction, and overall profitability. Additionally, by optimizing the EW/SC sales process, businesses will be better positioned than their competitors and in their industry as a whole.

A spokesperson for Blumberg Advisory Group said, “Our systematic approach delivers valuable insights and recommendations to help you make data-driven decisions for continuous improvement.”

Interested parties can find more information by visiting https://www.blumbergadvisor.com/ewsc-brochure

Contact Info:
Name: MICHAEL ROBERT BLUMBERG
Email: Send Email
Organization: Blumberg Advisory Group
Address: 2222 Matts Way, Warrington, PA 18976, United States
Website: https://www.blumbergadvisor.com/

Source: PressCable

Release ID: 89109846

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