Pricing News Daily > 2/2/18

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

The case against the Uber economy | The Brock Press

The case against the Uber economy | The Brock Press

Maybe you have a stable, full-time job, and are not concerned whatsoever with troubling trends in the world of work (you should be). Your only worry should be how Uber affects you as a consumer. But the outlook for that side of things isn’t great either. Uber functions on a model of ‘surge pricing,’ (i.e., […]

 

Price competitiveness and transparency is vital to WA sheep industry | Sheep Central

Price competitiveness and transparency is vital to WA sheep industry | Sheep Central

SHEEP and lamb price competitiveness and transparency with the eastern states is vital to the future of Western Australia’s sheep meat and wool industry, according to WAFarmers livestock executive officer Kim Haywood. Ms Haywood this week said a report exploring Australian sheep market structures and systems has acknowledged the significant price differences paid by meat […]

 

States take on drug prices; Big Pharma takes on states | NBC News

States take on drug prices; Big Pharma takes on states | NBC News

It was expected to be a perfunctory state house meeting — three lobbyists and a legislator discussing a proposal to educate Louisiana doctors about the price of drugs they prescribe. The bill seemed like a no-brainer in a country where even decades-old medicines can cost thousands and consumers are urged to make smart choices in […]

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Xometry CFO’s Quest for “The Price Is Right” | CFO

Xometry CFO’s Quest for “The Price Is Right” | CFO

At large companies, many CFOs are only peripherally involved in pricing decisions. It’s often different at smaller firms, where finance chiefs tend to wear more hats. But even there, it’s probably quite rare for pricing to be the CFO’s primary focus, as it is at Xometry. In fact, the opportunity to instill more rational pricing […]

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How did you get that Grab ride? | Channel NewsAsia

How did you get that Grab ride? | Channel NewsAsia

INNER WORKINGS OF DYNAMIC PRICING The engineering chief also helped demystify some aspects of dynamic (or surge) pricing, which was introduced here about 10 months ago. He noted that before this feature, pricings were “flat” for drivers in Singapore but, since then, taxi drivers are on average earning 20 per cent more than previously. On […]

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Bitcoin mania is hurting PC gamers by pushing up GPU prices | The Verge

Bitcoin and other cryptocurrencies like Ethereum, Ripple, and Litecoin have soared in value over the past year, thanks to continued interest from a range of investors. As the price of these cryptocurrencies has increased, graphics cards have also seen big price increases thanks to retail stock shortages. A range of mid- or high-end graphics cards […]

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Dynamic pricing has come to Philadelphia’s museums: here’s what it means | philly.com

Dynamic pricing has come to Philadelphia’s museums: here’s what it means | philly.com

Tickets to get into the Barnes Foundation gallery on the Benjamin Franklin Parkway are pricey, $25 for adults. But a few days ago, a reader called and asked when the Barnes had raised its price to $30. Good question. Welcome to exhibition-oriented dynamic pricing: Museum prices rise and fall depending on what there is to […]

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Unpaid Internships Are Pricing Young People Out Of The Best Jobs | Forbes

Unpaid Internships Are Pricing Young People Out Of The Best Jobs | Forbes

Young people are being priced out of some of the more desirable careers by the proliferation of unpaid internships, according to a new report. The cost of undertaking an internship means young people from low income families are effectively being blocked from entering some careers, hampering social mobility and reinforcing existing divides. Internships have become […]

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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).

 

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 actually pretty simple…Customers will not pay literally a penny more than the true value of the product.”

     – Ron Johnson

 

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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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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