The Power of Pricing – why manufacturers should focus on price control
![The Power of One Percent](https://xotigo.com/wp-content/uploads/2024/02/The-Power-of-One.png)
In the highly dynamic and competitive manufacturing industry, Pricing stands out by far as the most powerful tool for maximizing profit margins. Many manufacturing companies put a high focus in difficult time on various measures cost-cutting and cost-avoidance measures, while sometimes ignoring the unique position that price management holds in ensuring the financial sustainability of a business.