Pricing News Daily > 12/29/17

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.

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Strategic Pricing Solutions

Strategic Pricing Solutions, LLC (SPS) is a management consulting firm helping clients with pricing strategies, data analytics, and pricing processes. SPS was formed by Scott Francis in 2005 with a vision of enabling B2B clients to build sustainable strategic pricing capability to significantly improve their profitability. By providing flexibility in how we serve our customers, SPS consulting enables clients to build sustainable strategic pricing capability and continuous improvement in profitability through better pricing decisions.

Click a link below to learn more…

 


Headlines

Morgan Stanley on bitcoin: ‘the value would be 0’ | Business Insider

Morgan Stanley on bitcoin: ‘the value would be 0’ | Business Insider

Morgan Stanley analyst James Faucette and his team sent a research note to clients a few days ago suggesting that the real value of bitcoin might be … $0. That’s zero dollars. (Bitcoin stood at around $14,400 at the time of writing.) The paper (titled “Bitcoin decrypted”) did not give a price target for bitcoin. […]

 

Predatory Pricing : JIO cases | MarketExpress

Predatory Pricing : JIO cases | MarketExpress

The Commission notes that after the opening up of telecommunication market to private players, this market has witnessed entry of a number of players competing with each other, resulting in decrease of tariffs and constant improvements in quality and variety of services. The allegations against Reliance Jio Infocomm Limited by Bharti Airtel Limited in Case […]

 

‘Pay per Mile’ Road Pricing for Lorries on the way – and cars MUST follow too | Cars UK

‘Pay per Mile’ Road Pricing for Lorries on the way – and cars MUST follow too | Cars UK

Yes, road pricing is a regressive tax, but it is going to be the only way the government can protect the huge revenues it garners from fuel duty in a world where plug-in hybrids, BEVs and FCEVs dominate, and autonomous cars provide basic transport needs for many. Addressing congested roads with pricing which deters non-essential […]

 

‘Fares hiked due to higher demand’: Pricing algorithms threaten to tip fine balance between consumer protection, market competition | FirstPost

‘Fares hiked due to higher demand’: Pricing algorithms threaten to tip fine balance between consumer protection, market competition | FirstPost

One such manifestation of such technological developments as indicated in the Vidhi Report are pricing algorithms. Such pricing algorithms are commonly employed by online businesses, particularly in airline, hotel booking and road transport industries, which heavily rely on sophisticated pricing tools to determine and update their prices. For instance, it is common to experience surge […]

 

Get ready for a revived brawl over single-payer healthcare in California | LA Times

Get ready for a revived brawl over single-payer healthcare in California | LA Times

3. Prescription drugs remain in the spotlight Labor groups, consumer advocates and health insurers notched some major wins against the pharmaceutical industry in 2017. Two high-profile laws passed: increasing disclosure on how prescription drugs are priced and cutting back on the use of discount coupons, which some studies suggest help contribute to high premiums. The […]

 

Aeroflot denies reports on higher air ticket prices during FIFA World Cup in Russia | TASS

Aeroflot denies reports on higher air ticket prices during FIFA World Cup in Russia | TASS

MOSCOW, December 27. /TASS/. Russia’s flagship carrier Aeroflot did not raise its tariffs for the days of the 2018 World Cup, a spokesperson with the airline told TASS. Earlier, the publication of RBC published a study saying that the prices for air tickets to the cities of the World Cup 2018 soared by an average […]

 

Avoid Uber Surge Pricing This New Year’s With These 5 Tips | The Penny Hoarder

Avoid Uber Surge Pricing This New Year’s With These 5 Tips | The Penny Hoarder

After the ball drops and the bubbly pops to ring in the new year, the last thing you want to think about is how you’re getting home. But New Year’s is notorious for auto accidents, and about 41% of fatalities on the holiday involve drunk drivers, according to the National Highway Traffic Safety Administration. I’m […]

 

From $50, to $750: Price of brain tumor, lymphoma medication has jumped 1,400 percent | FOX6Now.com

From $50, to $750: Price of brain tumor, lymphoma medication has jumped 1,400 percent | FOX6Now.com

MIAMI, Florida — A drug maker is being accused of price gouging. NextSource Biotechnology is under fire after the Wall Street Journal revealed the price of its 40-year-old cancer drug Lomustine has jumped 1,400 percent since 2013. Lomustine treats brain tumors and Hodgkin’s Lymphoma. It’s the only drug of its kind on the market — […]

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Featured Content and Events

EU Pricing Summit 2018 - IQPC

European Pricing Summit 2018 | Finance iQ

Date: April 16-18, 2018

Location: TBD in London, England

The advent of disruptive technology, growth of e-commerce and increasing competition from global markets are just a few of the reasons why leading companies are spending time and money to develop a pricing strategy that works.

Many pricing leaders are wondering what direction to take their pricing strategy in and want to benchmark with other organisations to decide what is the most profitable option. But KPIs and pricing models are almost always confidential, and the majority of organisations are unwilling to disclose the facts and figures that the industry needs. The industry has a dilemma where practitioners want to have insights on new developments in strategies, but they are usually subject to commercial secret.

Given this situation, IQPC will be launching a limited-access, confidential mentoring panel as part of our European Pricing and Commercial Excellence Summit to enable our clients to obtain first-hand tips from our mentors to assist them in creating the most profitable pricing strategy.

 

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29th Annual Spring Pricing Workshops & Conference | PPS

Date: May 1-4, 2018

Location: Loews Chicago O’Hare Rosemont Hotel in Chicago, IL

We are excited to announce we’ll be in Chicago, IL for our 29th Annual Spring Pricing Workshops & Conference May 1-4, 2018!

You can register now and take advantage of our Early Bird Offer (Buy 2 Get 1 Free, expires March 23rd).

 

Book: 8 Keys to Price Optimization

Book: 8 Keys to Price Optimization

Summary: Price optimization enables companies to move beyond cost-plus pricing and determine the range of prices that could be charged for a variety of customers and products. Price optimization can increase current operating income by 1 to 4% of sales, which in many cases will translate into a 20 to 50% increase in operating income. The most sophisticated […]


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

 

“The show is not selling, let’s raise prices!”

     – Ronda Helton

 

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