Increase Your OEM Aftermarket Sales With Extended Warranty Process Audit Program

Oct 10, 2023

Are you looking for ways to improve your OEM business’s aftermarket sales and boost revenue? Then speak to the experts at Blumberg Advisory Group about their Extended Warranty and Service Contract Audit program.

Extended warranties and service contracts can be a great way to increase your business’s profits and build ongoing partnerships with your client base. However, knowing how to maximize this potential is a challenge faced by many Original Equipment Manufacturers (OEMs).

That’s where Blumberg Advisory Group can help with in-depth auditing of your existing warranty offerings which can identify areas of opportunity for increasing your aftermarket sales while also improving your business’s overall customer engagement. 

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The consulting firm implements data-driven research and competitor analysis to determine industry best practices and benchmarks before creating an effective and actionable roadmap for your business.

While extended warranties (EW) and service contracts (SC) can be highly beneficial investments for businesses, there are many factors that can impact your 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 by your teams when offering service contracts. To help you learn how you can improve your 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 your services and offerings with those of industry best practices, as well as have an unparalleled understanding of the challenges you face.

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

You 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, your business will be better positioned than your competitors and in your 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.

Improve your aftermarket sales with Blumberg Advisory Group’s Extended Warranty and Service Contract Audit program.

For more information, you can visit where you can find complete details about the audit process.

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