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Pricing News Daily > 12/6/18

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:

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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…

 

Red Dead Online players want Rockstar to change the game’s economy | Polygon

Red Dead Online players want Rockstar to change the game’s economy | Polygon

Others feel the pricing for in-game items is simply inconsistent and out of whack. “A gold wedding ring sells for $1.15,” a player said in another popular Reddit thread. “A can of baked beans costs $1.50.” This has led to jokes that shopkeepers are sitting on stacks of gold bars based on the high price […]

 

Gov. Brown extends price-gouging ban | The Press Democrat

Gov. Brown extends price-gouging ban | The Press Democrat

Gov. Jerry Brown has extended a program that seeks to protect renters by banning price gouging in eight counties devastated by the October 2017 wildfires. Brown signed the order on Wednesday before the ban was slated to end on Dec. 4. The new order will remain in effect until May 31. It caps annual rent […]

 

Oil prices surge on trade war truce, prospects for Russian output cuts | Fox Business

Oil prices surge on trade war truce, prospects for Russian output cuts | Fox Business

Oil prices surged more than 3 percent Monday on prospects for a cut in global output and hope that a ceasefire in the U.S.-China trade war will boost demand for the commodity. The U.S. benchmark crude oil, West Texas Intermediate, popped more than 5 percent early Monday before paring that gain. … But the more […]

 

Why Surge Pricing and Blockchain Tracking at Restaurants Aren’t Far Off | Skift Table

Why Surge Pricing and Blockchain Tracking at Restaurants Aren’t Far Off | Skift Table

Kokonas, who is also co-owner of culinary reservation system Tock, previously told Bloomberg that he thinks customers should be able to pay for their meal in advance. “I’m a big advocate for dynamic pricing,” he said during the panel. Rather than create culinary gimmicks with artificially inflated prices to make ends meet, Kokonas thinks restaurants […]

 

Uber And Convoy Up The Ante In Freight Price Analytics | Benzinga

Uber And Convoy Up The Ante In Freight Price Analytics | Benzinga

Both Uber Freight and Convoy released new data-driven products last week meant to help shippers understand trends in freight markets. The competition between the two large digital brokerages appears to be heating up and is driving a new wave of technological innovation, creating more transparency and smoothing out information asymmetries. … In our view, Uber […]

 

Price Transparency at the Point of Care Boosts Patient Savings and Prescriber Efficiency | Business Wire

Price Transparency at the Point of Care Boosts Patient Savings and Prescriber Efficiency | Business Wire

ARLINGTON, Va.–(BUSINESS WIRE)–Surescripts released new data revealing the significant impact of its benefit optimization tools, which have realized measurable cost and time savings for patients and providers. Prescribers utilizing Surescripts Real-Time Prescription Benefit saved patients as much as $8,032 in out-of-pocket costs on a single prescription. Further, when prescribing a medication requiring a prior authorization […]

 

Why Cyptocurrency Prices Are Plummeting | Forbes

Why Cyptocurrency Prices Are Plummeting | Forbes

It’s been a rocky month for cryptoassets with Bitcoin falling below $4,000 in early December. November saw the firms Paragon and Airfox settle cases with SEC on the failure to register their ICOs as security offerings, in line with the Howey Test. Any promise of token price appreciation is now a ground for the blockchain platforms to […]

 

How price transparency could affect anesthesia practices — 5 takeaways | Becker’s ASC Review

How price transparency could affect anesthesia practices — 5 takeaways | Becker’s ASC Review

As the federal government pushes for increased price transparency, anesthesia practices should prepare to see volume changes at their facilities, according to Anesthesia Business Consultants President and CEO Tony Mira. Here are five takeaways: 1. With patients’ out-of-pocket costs growing, the federal government has made price transparency a top priority. … 4. With this tool, […]

 

 

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.

 

Explore our collection of valuable pricing resources including:

Find a Job

Find your next Pricing Adventure by searching our job board that includes pricing team openings at great companies like PayPal, Owns Corning, RR Donnelley, and Conagra Brands.

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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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