Pricing News Daily > 1/23/18

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.

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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

Annual Pricing Salary Survey | Professional Pricing Society

Annual Pricing Salary Survey | Professional Pricing Society

The close of one year and the start of another is when we need your participation to remain updated on the most valuable asset to the Pricing Industry, our people. PPS has been surveying the Pricing Community since 1998. These survey results are widely used to benchmark salaries, salary trends as well as job satisfaction […]

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Amazon store opening in Seattle on Monday uses cameras and sensors to track purchases | Public Radio International

Amazon store opening in Seattle on Monday uses cameras and sensors to track purchases | Public Radio International

Sleek black cameras monitoring from above and weight sensors in the shelves help Amazon determine exactly what people take. If someone passes back through the gates with an item, his or her associated account is charged. If a shopper puts an item back on the shelf, Amazon removes it from his or her virtual cart. […]

 

How Apple Could Maintain Its Valuation If It Decided To Cut iPhone Pricing | Forbes

How Apple Could Maintain Its Valuation If It Decided To Cut iPhone Pricing | Forbes

The iPhone business remains the biggest driver of Apple’s valuation, accounting for over 50% of the stock price per our estimates. The iPhone’s high ASPs and margins are especially crucial to this valuation, and Apple has been raising iPhone prices over the years, with ASPs growing from just about $605 in FY’14 to an estimated […]

 

Is there such thing as an ethical ride-hailing service? | NOW Magazine

Is there such thing as an ethical ride-hailing service? | NOW Magazine

When a power outage knocked out subway service on the Bloor line last week, Uber did what Uber does. The ride-hailing giant ratcheted up surge pricing, to a flurry of angry tweets. Of course, Uber is used to being hated on. The Twitterverse was ablaze with #deleteuber hashtags virtually every week of 2017. Now, a […]

 

Whole Foods Customers Report Empty Shelves at Stores Across the U.S. | PJ Media

Whole Foods Customers Report Empty Shelves at Stores Across the U.S. | PJ Media

Shoppers at Whole Foods Markets across the U.S. have been astonished to discover empty shelves at their local stores in recent months, with one customer describing the stores as “the Soviet Safeway.” Barclay analysts found stores in disarray with “entirely empty” shelves and deteriorating produce, Business Insider reported. “Analysts said they encountered ‘high’ out-of-stock issues […]

 

Brussels gets into drug business | POLITICO

Brussels gets into drug business | POLITICO

Few topics are more taboo in Brussels than the EU getting involved in drug pricing. Yet that’s exactly what the European Commission is doing. The Commission will on January 31 release a plan to improve cooperation between governments on a key element of drug-pricing decisions: the so-called health technology assessment (HTA). There’s unusual momentum for a more integrated approach, though there’s […]

 

CP Rail weighs strategic deals to boost crude-by-rail | Reuters

CP Rail weighs strategic deals to boost crude-by-rail | Reuters

Canada’s second-largest railway said it expects revenue growth in the mid single digits this year, boosted by strong global potash demand, strength in energy and chemicals, and sees better pricing because of tighter capacity. CP said adjusted earnings per share growth would be in the low double digits. “We see solid momentum growth heading into […]

 

Don’t go down slippery slope of taxi surge pricing, Transport News & Top Stories – The Straits Times

Don’t go down slippery slope of taxi surge pricing, Transport News & Top Stories – The Straits Times

It has long been illegal for taxi operators to allocate rides through bidding – a covert system where commuters who are willing to pay more get assigned a cab. Yet this ad hoc auction, where some touts would guarantee a cab on a rainy Friday evening for a few dollars more, is what surge pricing […]

 

Featured Jobs

We will be launching a Pricing Niche Job Board soon, stay tuned!

 

Title: Senior Pricing Analyst

Company: ROCKWOOL North America 

Location: Chicago, IL, US

Seniority: Mid-Senior level

Click here for more

 

Title: Pricing Analyst

Company: Anixter

Location: Glenview, IL, US

Seniority: Not Applicable

Click here for more

 

Featured Content and Events

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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…

 

 

“Pricing is the only element in the marketing mix that produces revenue; the other elements produce costs.

     – Phillip Kotler

 

Pricer’s Points Blog Series

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.

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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.

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Pricing News LinkedIn Group

Join 1,000’s 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.

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