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Pricing News Daily > 12/5/18

PND is a digest of pricing focused news, thought leadership, events, jobs, training and certification resources for pricing professionals.

This Edition is brought to you by:

Vistaar

Vistaar is leading SaaS software provider that enables companies to optimize pricing, promotion, configuration, and rebate management.  Our solutions are powered by predictive models leveraged by machine learning that deliver profitable growth and maximize shareholder value.  Our world-class customer base spans a broad range of industries throughout the Global 2000 and includes: manufacturing, beverage alcohol, retailers, and many others.

 

Vivo Nex could cost 849 euros, much more expensive than China and India | Android Authority

Vivo Nex could cost 849 euros, much more expensive than China and India | Android Authority

Today, a new leak gives us an idea of what the Vivo Nex might cost when it finally does land in European countries (via MySmartPrice). According to the leak, the Vivo Nex might cost 849 euros (~$967) when it launches. If this seems pricey, that’s because it is. In India, the Nex currently retails for 44,990 rupees (~$652), […]

 

Capitulation? Bitcoin’s Price Dropped 36% in November | CoinDesk

Capitulation? Bitcoin’s Price Dropped 36% in November | CoinDesk

Bitcoin (BTC) tanked in November on the back of high volumes, raising the possibility that the market has, to some extent, capitulated. The largest cryptocurrency by market capitalization is currently trading at $4,000 – down 36 percent from its monthly opening price of $6,318 – according to CoinMarketCap data. That drop marks the biggest monthly […]

 

Uber admits to surge pricing at Global Citizen fest, offers full refunds | Times Live

Uber admits to surge pricing at Global Citizen fest, offers full refunds | Times Live

Uber SA has admitted to implementing surge pricing at the Global Citizen Festival at FNB Stadium in Johannesburg on Sunday, despite pledges by the festival and Uber that this would not happen. On Twitter, concert-goers said they were charged up to R1,200 for a trip after the festival. Uber has placed the blame on network […]

 

Just What the Doctor Ordered: The Case for Drug Price Controls | Harvard Political Review

Just What the Doctor Ordered: The Case for Drug Price Controls | Harvard Political Review

Unlike many biological diseases, however, this tragic phenomenon has a readily identifiable cause and, potentially, set of cures. When patients who failed to fill out their prescriptions were asked to provide a reason for doing so in a 2017 NPR Health Poll, 67 percent of respondents cited high cost, a number which rose to a staggering […]

 

Now that bitcoin prices are ugly, decide if it’s worth an investment | The Seattle Times

Now that bitcoin prices are ugly, decide if it’s worth an investment | The Seattle Times

For the many people confused about bitcoin, here is an incomplete primer: Bitcoin, currently, is the best-known digital currency in the world. A digital or cryptocurrency is a form of money that you can’t hold in your hand, but you can buy/trade online and store in a digital wallet (think “electronic vault”). Where traditional currencies […]

 

Why the Bitcoin Price Could Take a Very Long Time to Reach New Highs | ccn

Why the Bitcoin Price Could Take a Very Long Time to Reach New Highs | ccn

The involvement of major financial institutions in the likes of Fidelity and Goldman Sachs have led to some improvements in the institutional sector of Bitcoin. However, considering that over $50 billion could be needed to fuel a rally for BTC from a low price range to the $20,000 region and the fact that BTC recovers […]

 

Call to ‘shop around for funeral’ as sector faces major shake-up | This is Money

Call to ‘shop around for funeral’ as sector faces major shake-up | This is Money

Shopping around for a funeral is anathema to many people who lose loved ones or close relatives. But such inertia – understandable though it may be – is allowing some funeral directors to get away with sky-high prices. Last week, the Competition & Markets Authority confirmed it would be launching a full-blown probe into the […]

 

Two Digital Freight Brokers Focus on Price Transparency for Shippers | Transport Topics

Two Digital Freight Brokers Focus on Price Transparency for Shippers | Transport Topics

Digital freight brokers Convoy and Uber Freight have separately launched new tools intended to make pricing options for hauling loads more transparent for shippers. Convoy Shipper Platform 2.0 includes Market Outlook, which shows shippers current and future trends by region. Also, it adds a feature called Lane Network, which gives shippers real-time data about changes […]

 

 

 

30th Annual Spring Workshops & Conference May 7-10, 2019 | PPS

We are excited to announce we’ll be in Atlanta, GA for our 30th Annual Spring Pricing Workshops & Conference May 7-10, 2019! You can register now and take advantage of our Early Bird Offer (Buy 2 Get 1 Free, expires March 29th).

 

Webinar (On-Demand): Machine Learning & Data – The Latest Pricing Opportunity | PPS and Vistaar

In today’s ever-evolving world, data and software driven strategies are imperative to creating sustained commercial success.

Computers are more adept than humans at sorting through data with complex variables such as frequently fluctuating costs, rapidly evolving pricing models, and shifting customer priorities. Modern pricing software solutions, powered by advanced algorithms and machine learning techniques, enable businesses to constantly analyze data on an unparalleled scale and drive decision making based on data.

In this PPS webinar, Vistaar’s Director of Product Management, Dushyant Zutshi, discusses how advanced algorithms and machine learning techniques drive intelligent pricing and sales strategies for success in the data-driven world.

 

On-Demand Training: Value-Based Pricing and Value Modeling: Theoretical & Practical Perspectives | PPS 

As part of his Ph.D. research, Stephan Liozu studied the organizational and behavioral factors influencing the firm transformation towards pricing excellence. Pricing excellence combines both dimensions of pricing orientation and pricing realization leading too superior pricing power and ultimately to superior firm performance. During his research explorations, Stephan Liozu studied in depth the value-based pricing methodology and one of the steps of this methodology called economic value modeling. This PPS Online Pricing Course will present the latest concepts, practices and tools related to both methodologies.

This Online Pricing Course will combine theoretical information as well as very practical recommendations on how to implement value-based pricing and conduct a value modeling process. Stephan will present a case study on how he was able to pilot and test his 5 C model of transformation in practice.

Stephan Liozu will also review the main concepts of pricing orientation and pricing realization. He will also present some of the latest concepts related to value-based pricing including some definitions, key success factors and potential barriers to adoption. The value modeling process will be discussed in great details and several examples of value models will be presented.

 

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“The single most important decision in evaluating a business is pricing power,” Buffett told the Financial Crisis Inquiry Commission in an interview released by the panel last week. “If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. And if you have to have a prayer session before raising the price by 10 percent, then you’ve got a terrible business.”

     – Warren Buffett

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