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Pricing News Daily > 2/22/19

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

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Professional Pricing Society

Currently, PPS produces three major annual pricing conferences in Europe and North America. Each conference also houses a technology hall where sponsors display the latest in Pricing Solutions software. PPS also offers more than two dozen, full-day training workshops every year, taught by leaders in the pricing community. These workshops serve as the foundation for PPS’s Certified Pricing Professional (CPP) designation, our state of the art pricing certification program. Candidates may be certified after mastering a multi-stage curriculum followed by rigorous testing. Successful CPPs have acquired the core knowledge which not only places them in the top rungs of the pricing field, but also gives them the tools to enhance substantially their own careers.

Click a link below to learn more…

U.S. top court rejects Maryland bid to revive drug price-gouging law | Reuters

U.S. top court rejects Maryland bid to revive drug price-gouging law | Reuters

WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday rejected Maryland’s bid to revive a law aimed at preventing price gouging by pharmaceutical companies, dealing a setback to the power of states to rein in prescription drug costs. The justices declined to take up Maryland’s appeal of a 2018 federal appeals court ruling that struck […]

 

New York officials face backlash over ‘congestion’ tax push | Fox News

New York officials face backlash over ‘congestion’ tax push | Fox News

New York City is expensive. From parking to hotels to Broadway tickets, the city has a way of leaving the wallet lighter for any visitor. But it’s poised to get even pricier if a controversial new “congestion” fee comes to fruition. With Democratic Gov. Andrew Cuomo’s backing, the proposed charge would be imposed at all […]

 

Taipei inspecting Shilin fruit stands for price gouging | Taipei Times

Taipei inspecting Shilin fruit stands for price gouging | Taipei Times

The Taipei City Government yesterday said it would continue to inspect mobile fruit stands at the Shilin Night Market to protect consumers against overpricing, with the eventual goal of removing all mobile stalls in the area. Several incidents of overpricing by mobile fruit stands were reported last month and subsequently confirmed by night market management, […]

 

Consumers can outsmart online discount strategies, study finds | St. Louis Post-Dispatch

Consumers can outsmart online discount strategies, study finds | St. Louis Post-Dispatch

Discounts, coupons and limited-time specials are a time-honored way of juicing revenue, but stores don’t always think about their long-term effects. Once customers get hooked on discounts, regular prices lose all credibility. J.C. Penney’s revenue plummeted a few years ago when it tried to wean customers off constant markdowns. In the online world, where a […]

 

The End of the PBM Rebate Safe Harbor? The Stakeholders React | Lexology

The End of the PBM Rebate Safe Harbor? The Stakeholders React | Lexology

On January 31, the U.S. Department of Health and Human Services (HHS) proposed a rule to lower prescription drug prices and out-of-pocket costs for Medicare Part D beneficiaries by eliminating the Anti-Kickback safe harbor for rebates paid to Part D plans, Medicaid managed care organizations, and pharmacy benefit managers (PBMs). The rule instead creates two […]

 

Salon Price Transparency | POPSUGAR Beauty Australia

Salon Price Transparency | POPSUGAR Beauty Australia

Ever wanted to get a hair colour or experiment with a new hairstyle but been turned off by the fact you don’t know exactly how much the end result is going to cost? With all the added extras and unexpected issues that may arise during the colour process, you can end up with an eye-watering […]

 

Business Debt, Pricing Strategy, & Growth Topics for Startups & SMEs | Telsec Business Centres

Business Debt, Pricing Strategy, & Growth Topics for Startups & SMEs | Telsec Business Centres

Here’s Why You Should Stick To Your Prices – Even If Your Customers Hate Them The author of this article makes the point that while it can be tough to know what to charge, “with the right research and break even analysis you can find a price that will help your business grow and your […]

 

Lyft’s ‘Shared Saver’ Feature Has Riders Pay Less But Walk More | Fortune

Lyft’s ‘Shared Saver’ Feature Has Riders Pay Less But Walk More | Fortune

Lyft launched a new Shared Saver feature Thursday that banks on the assumption that riders are willing to walk a couple blocks to save a couple bucks. Promising to provide the app’s lowest prices, unaffected by surge pricing, Lyft wrote on its blog that Shared Saver gives riders a “pickup spot that’s a quick walk […]

 

Webinar (On-Demand): Pricing in New Product Development – From Afterthought to Integral Part of the Process | PriceBeam

This webinar looks at how pricing can and should play a more integral role in New Product Development (NPD) instead of being an afterthought once the product is already designed and produced.

Participants and viewers will learn about:

  • How to use pricing and willingness-to-pay research to create new products or services that have higher success rates once launched
  • How to integrate willingness-to-pay research in the product design process
  • How to better understand what prospective customers actually value, and what they don’t value
  • How to test different concepts for market viability and ability to achieve solid prices in the market place.

 

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.

 

Webinar (On-Demand): Machine Learning & Pricing with PPS | Perfect Price

Watch CEO of Perfect Price, Alexander Shartsis, discuss machine learning and pricing with the Professional Pricing Society (PPS).

PPS is the world’s largest association of pricing professionals, and usually asks tough questions!

 

Webinar (On-Demand): Value-Based Pricing foundation done right – Conjoint Analysis | PriceBeam

Value-Based Pricing is considered a superior strategy for most industries and businesses. But it also requires a solid foundation of data and market insights. In this webinar we will take an in-depth look at the powerful insights that can be created through price research, in particular using conjoint analysis

Participants and viewers will learn about:

  • How Value-Based Pricing can be supported with price research
  • Different price research methods
  • How Conjoint Analysis can provide powerful insights and support for a Value-Based Pricing strategy
  • Tips and tricks for running a conjoint analysis price research project.

 

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).

 

Explore our collection of valuable pricing resources including:

 

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Join 1,000’s of your peers in the our LinkedIn discussion group. The group features informative pricing strategy and technology focused news, events, resources, thought leadership, cartoons, quotes, and discussions about the latest pricing strategy, tactics, and tech successes and failures in the news.

 

 

“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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