Pricing News Daily > 10/16/18

pricingnews-DailyPricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals, business owners, creative professionals, and independent contractors.

 

This Edition is brought to you by:value innoruption final 0612 rev

 

Value Innoruption Advisors

Founded by Dr. Stephan Liozu, Value Innoruption Advisors provides training and consulting resources for organizations interested in embedding value-based methodologies in their go-to-market strategies related to innovation, marketing, pricing, and sales. Value Innoruption Advisors offers two popular value and pricing management certification programs – Customer Value Modelers™ (CVM™) and Change Agent in Pricing™ (CAP™).

Click a link below to learn more…

 

 

U.S. core inflation trails estimates as used-car prices tumble | Bond Buyer

U.S. core inflation trails estimates as used-car prices tumble | Bond Buyer

A gauge of underlying U.S. inflation was below estimates in September as used-vehicle costs fell and housing rents cooled, signaling that price gains may remain close to where Federal Reserve policy makers want them amid an outlook for continued gradual interest-rate hikes. Excluding volatile food and energy costs, the core consumer price index rose 2.2% […]

 

Discount car rental penalised for advertising unattainable prices | CNW

Discount car rental penalised for advertising unattainable prices | CNW

OTTAWA, Oct. 11, 2018 /CNW/ – The Competition Bureau has reached an agreement with a fourth car rental company, Discount Car & Truck Rentals Ltd., to address what the Bureau views as misleading representations. As part of the agreement, Discount will review its practices to ensure they comply with the law, and will pay a $700,000 […]

 

Cost-effectiveness doubts could hit Shire’s Takhzyro launch | Evaluate

Cost-effectiveness doubts could hit Shire’s Takhzyro launch | Evaluate

Vertex’s cystic fibrosis therapies can step aside – there are some new contenders for the dubious honour of being the least cost-effective drug. An analysis by the US Institute for Clinical and Economic Review (Icer) has concluded that Shire’s hereditary angioedema drugs Cinryze and Takhzyro are among the priciest it has ever evaluated. This could be […]

 

Pricing formula, a vital need says Pharma industry chief | Sunday Observer

Pricing formula, a vital need says Pharma industry chief | Sunday Observer

A pricing formula ultimately benefits the consumers by ensuring that the brands they wish to buy will be available on the shelf, and making it sustainable to import it. It will also ensure that the quality of medicines will not be compromised, says President of the Sri Lanka Chamber of Pharmaceutical Industry (SLCPI), Shyam Sathasivam. […]

 

More petrol pump pain as fuel prices surge in Perth | PerthNow

More petrol pump pain as fuel prices surge in Perth | PerthNow

MOTORISTS are battling the bowser, with the annual cost of filling the tank shooting up by an average of $140. Perth continued to edge towards record fuel prices this week, with petrol stations jacking up prices to a whopping 167.9¢ a litre on Tuesday and Wednesday. That’s a record for the year to date according […]

 

5 tips for hoteliers on how to manage pricing | Travel Daily Media

5 tips for hoteliers on how to manage pricing | Travel Daily Media

To make a property generate the maximum amount of revenue possible, you need to get your pricing strategy right. The aim of the game is to make optimum pricing decisions day in, day out, which is a real challenge in a fluid market. Fortunately for revenue managers there are some tried and tested price management […]

 

What else is needed for price transparency to control costs? | MedCity News

What else is needed for price transparency to control costs? | MedCity News

A panel at the MedCity Engage conference in San Diego on Nov. 6 will delve into the methods companies are undertaking to improve price transparency and the potential impact that price transparency could have on lowering larger healthcare costs. As healthcare spending continues to increase, consumers are increasingly demanding more transparency into the actual price […]

 

When Your Boss Is an Algorithm | The New York Times

When Your Boss Is an Algorithm | The New York Times

Surge pricing, which multiplies prices for passengers and earnings for drivers during periods of high demand, is another form of algorithmic management that encourages drivers to relocate to certain areas at certain times. The drivers get in-app notifications, heat maps and emails with real-time and predictive information about spikes in demand. A driver who wants […]

 

 

Events and Resources

Fall Pricing Workshops & Conference | PPS

Date: October 23-26, 2018

Location: Renaissance Dallas Addison Hotel in Addison, TX

Please make plans to join us and well over 450 of your peers for the best event anywhere. We will be in Dallas, TX,October 23-26, 2018.

 

 

14th Annual PPS European & Global Pricing Conference & Workshops | PPS

Date: November 28-30, 2018

Location: Mövenpick Hotel Amsterdam City Centre in Amsterdam, Netherlands

The Professional Pricing Society team and I are very proud to announce that we will be returning to Amsterdam for our next great event – The 14th Annual PPS European & Global Pricing Conference & Workshops held 28-30 November.

Conference keynotes, breakout sessions, and networking opportunities highlight the conference day on 30 November; While 28-29 November will be used for workshop days to help you enhance your pricing knowledge.

 

 

This blog series provides a forum for pricing professionals to share their insights and experience. Our guest bloggers share their knowledge about specific product or industry challenges, geographic complexities, strategies, tactics, and technologies.

 

 

Top Discussions

This blog category offers a collection of top pricing related conversations on LinkedIn or in the comments section of pricing related blogs and articles.

 

 

Pricing News LinkedIn Group

Join over 5,000 of your peers in the our LinkedIn discussion group. The group offers a place to share the latest pricing strategy and technology, news, events, resources, thought leadership, and discuss the latest pricing related successes and failures in the news.

 

 

Pricing Resources

Explore our collection of valuable pricing resources including:

 

The following is a daily-dose of pricing cartoons, quotes, and videos enjoy…

 

 

“Anyone can sell a Mercedes for the price of a Hyundai.”

– Larry Best

 

 

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