Pricing News Daily > 2/1/18

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.

This Edition is brought to you by: PPS Logo

 

 

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…

 

Headlines

Reporter’s Notebook: Sens. want light shed on costs of Rx drugs | The Daily Star

Reporter’s Notebook: Sens. want light shed on costs of Rx drugs | The Daily Star

Health care cost transparency is an idea with growing traction. This week, a bipartisan group of 20 senators expressed support for a proposal from the Centers for Medicare and Medicaid Services that would help increase the transparency and accuracy of prescription drug costs in Medicare Part D. The senators signed a letter encouraging CMS to […]

 

Can Digital Technology Open Up the Art World? | The New York Times

Can Digital Technology Open Up the Art World? | The New York Times

Mr. Cwilich makes the obvious but inescapable point that paintings and drawings are unique items that are a lot more expensive than mass-produced songs and books. A six-figure price tag tends to deter digital impulse buys. Prints, photographs and design objects, which generally exist in multiples, are better suited to online sales platforms, but even […]

 

BART may consider parking fee increase during peak commute times | abc7news.com

BART may consider parking fee increase during peak commute times | abc7news.com

Not only do BART parking lots fill up quickly in the morning, each one has a waiting list for parking permits that average three thousand names. BART spokeswoman Alicia Trost told us, “So the idea is — let’s take a look at parking. Is there something we can do with our policies, our fees to […]

 

Dodgers’ New ‘Dynamic Pricing’ For Seats Has Some Fans Crying ‘Foul’ | CBS Los Angeles

Dodgers’ New ‘Dynamic Pricing’ For Seats Has Some Fans Crying ‘Foul’ | CBS Los Angeles

“Every time I tried to purchase tickets, they were sold out,” Patti Rivero told CBS2 News. She was all decked out in her Dodger blues and feeling the blues Friday, the first day tickets for this upcoming season became available. “It hurts when you’re a devoted fan and you want to go to the games, […]

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What does the Dodgers’ dynamic pricing schedule mean for fans? A seat that costs $33 one day will cost $80 another day | LA Times

What does the Dodgers’ dynamic pricing schedule mean for fans? A seat that costs $33 one day will cost $80 another day | LA Times

If you would like to see the Dodgers from a field-level seat overlooking the bullpen, the team will charge you $80 for your seat. That’s on April 21. If you can wait four days, the Dodgers will charge you $33 for the very same seat. The Dodgers put single-game tickets on sale Friday, with seats […]

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Pricer’s Points: Minimum Viable Product vs. Product – The Profit Factor | Rags Srinivasan

Pricer’s Points: Minimum Viable Product vs. Product – The Profit Factor | Rags Srinivasan

If a business has not figured out how to make and get it into the hands of customers at a cost lower than what the customers are willing to pay for, it is not a product yet. If you insist on calling it a product you are not running a business but practicing a hobby. That stricter […]

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Railways witnesses jump in premium class travel | Business Line

Railways witnesses jump in premium class travel | Business Line

Bitten by the travel bug in the year-end holiday season, many more people took to the most premium and priciest segment in trains — the first class air conditioned coaches. December 2017 saw a near 16 per cent surge in AC 1st class passengers with an additional 35,658 using the train compared to the year […]

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Utilities planning to move Californians to time-of-use pricing need solutions for low-income customers | Environmental Defense Fund

Utilities planning to move Californians to time-of-use pricing need solutions for low-income customers | Environmental Defense Fund

Last month, all three of California’s major investor-owned utilities submitted applications to the California Public Utilities Commission detailing their respective strategies for how to transition residential customers to time-of-use pricing. Time-of-use pricing, if done right, is a low-cost strategy to help meet California’s climate and clean energy goals. This innovative tool can help the state […]

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Featured Jobs

Pcareers logo NEW

We will be launching a Pricing Niche Job Board soon, Pricing Careers is a unique pricing industry resource where exceptional pricing professionals separate themselves from the crowd and recruiters find the pricing skills/experience they need – stay tuned! 

 

Title: Manager, Pricing & Analytics

Company: Tiffany & Co.

Location: New York City, NY, US

Seniority: Mid-Senior level

Click here for more

 

Title: Senior Pricing Analyst

Company: ROCKWOOL North America 

Location: Chicago, IL, US

Seniority: Mid-Senior level

Click here for more

 

Featured Content and Events

EU Pricing Summit 2018 300x250

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).

 

Training: Professional Pricing Society (PPS) Membership

Training: Professional Pricing Society (PPS) Membership

Why Become A Professional Pricing Society (PPS) Member? Your PPS membership will allow you to connect to a global pricing network of your peers who have the same career focus. Start your membership today to gain a competitive advantage and pricing power through PPS’ conferences, online training and access to top pricing executives. Increase your value by developing new knowledge, skills and solutions from leading experts in the pricing community. Your PPS membership will put you on the fast-track to obtaining your Certified Pricing Professional (CPP) designation.

 

 

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

“The value of money comes from the private sector in the form of price for product, services rendered, what people are willing to pay for something they want or need. That’s where value happens.”

    – Rush Limbaugh

 

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.

Check out some recent additions…

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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