OnDemand WTP Pricing Research

Pricing News Daily > 5/24/19

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

This Edition is brought to you by:

Vistaar

Vistaar is leading SaaS software provider that enables companies to optimize pricing, promotion, configuration, and rebate management.  Our solutions are powered by predictive models leveraged by machine learning that deliver profitable growth and maximize shareholder value.  Our world-class customer base spans a broad range of industries throughout the Global 2000 and includes: manufacturing, beverage alcohol, retailers, and many others.

Zilliant Showcases End-to-End Pricing and Sales Growth Capabilities at MindShare 2019 | Zilliant

Zilliant Showcases End-to-End Pricing and Sales Growth Capabilities at MindShare 2019 | Zilliant

AUSTIN, Texas, May 20, 2019 – Zilliant, the industry leader in AI-driven pricing and sales growth solutions, hosted its annual MindShare user conference last week in Austin. The company welcomed customers from around the world to share their experiences with Zilliant’s end-to-end suite of SaaS-based Price Management & Optimization and Sales Growth solutions. Attendees participated […]

 

Lufthansa Plans To Shift Its Miles & More Frequent Flier Program Awards To Dynamic Pricing | Forbes

Lufthansa Plans To Shift Its Miles & More Frequent Flier Program Awards To Dynamic Pricing | Forbes

The Lufthansa Group will move its Miles & More loyalty program that offers free flights on the group’s airlines, which include Lufthansa, Swiss, Austrian Airlines, Brussels Airlines, and Eurowings among others, to a dynamic pricing model, according to executives speaking during a press briefing today in Miami. Lufthansa Group chairman Carsten Sophr says the company […]

 

SDOT unveils early research on congestion tolling in Seattle | MYNorthwest

SDOT unveils early research on congestion tolling in Seattle | MYNorthwest

To get a better sense of what it’s working with, SDOT reviewed 11 different pricing tools. It ultimately narrowed that list down to four, based on criteria like equity, implementation, congestion relief, and climate health. The study did note that it also wasn’t entirely ruling out the seven other models, and that the city may […]

 

Whole Foods Under Amazon Is Still The Priciest. Do We Care? | RetailWire

Whole Foods Under Amazon Is Still The Priciest. Do We Care? | RetailWire

Despite Amazon.com’s publicity push to promote price cuts at Whole Foods, the chain remains the highest price grocer in the land, according to a new study by Bank of America Merrill Lynch (BOA). The study, which included the round of price cuts announced on April 3rd that the grocer claimed included deeper discounts and double […]

 

How should retailers raise prices to offset tariffs? | RetailWire

How should retailers raise prices to offset tariffs? | RetailWire

Walmart and Macy’s last week admitted they will have to raise prices to offset the new and potential tariffs arising from the U.S.-China trade war. “We’re going to continue to do everything we can to keep prices low. That’s who we are. However, increased tariffs will lead to increased prices, we believe, for our customers,” […]

 

Trump administration preps executive order on price transparency as lawmakers converge | WSJ

Trump administration preps executive order on price transparency as lawmakers converge | WSJ

In a po­lit­i­cal sphere where Re­pub­li­cans and De­moc­rats can find lit­tle com­mon ground, the pharma in­dus­try in gen­eral — and price trans­parency in par­tic­u­lar — has pre­sented a rare op­por­tu­nity for bi­par­ti­san agree­ment. A slew of trans­parency bills are wind­ing their way through con­gres­sional cir­cles, with au­thors from both sides of the po­lit­i­cal aisles. And […]

 

Disney’s Hulu Strategy Is Emerging | The Motley Fool

Disney’s Hulu Strategy Is Emerging | The Motley Fool

Differentiation and synergy Disney has been saying the same thing for a while regarding the difference between Disney+ and Hulu. The former be more family friendly, while the latter will have a larger selection of content for mom and dad. There are some reasons to be a little wary of this approach — Netflix doesn’t […]

 

Ballot: Drivers oppose thought of paying toll to enter DC | Infosurhoy

Ballot: Drivers oppose thought of paying toll to enter DC | Infosurhoy

Last month, New York City approved a similar downtown congestion toll, designed to make people think twice before adding to traffic. On Tuesday, D.C. Council members voted in favor of a congestion-pricing study that will cost about $500,000. “Traffic is already a constant inconvenience for District residents, and with the arrival of autonomous vehicles in […]

 

Webinar: Successful Price Increases using Market Insights | PriceBeam

Digitalization is everywhere of course. But whereas some industries are 100% digital from birth, others are still transforming from traditional consumer or industrial products to more of a digital service industry. Regardless of where your industry and company is on the digitalization path, pricing practices are severely impacted. Digitalization means increased transparency, more information,  as well as internationalization of buying and selling, but also new opportunities for value-adding and new services that can be offered and monetized.

Participants and viewers of the webinar will learn about:

  • What trends in digitalization mean for pricing.
  • Avoiding (some) pricing pitfalls when digitalizing existing offerings
  • Using digital insights to better understand opportunities
  • How to predict optimal prices for digital services using market research

The webinar will be available from the end of May 31st, 2019. If you have already signed up you will receive a link by the end of this date. Otherwise, sign up on the right and receive a link by email to view the recording.

 

 

Webinar (On-demand): Setting the Right Price on New Products or Services | PriceBeam

In this webinar PriceBeam co-founder and Chairman, Finn Hansen, together with The Pricing Coach, Mark Peacock walk viewers through various challenges around the pricing of new products or services.

This on-demand webinar covers:

  • Common challenges when creating new products or services
  • How pricing should play a more prominent role in the innovation process
  • The various steps of product development and how pricing can add value at each step
  • Different types of price research that can improve the value of the new product
  • Psychological pricing tactics to improve the introduction of the new product or service.

 

Webinar (On-Demand): Using AI To Get C-suite Attention For Pricing | Perfect Price and PPS

Pricing is high impact, but are you getting the attention you deserve? In any enterprise environment, the struggle for attention and resources is always an issue. As a pricing professional, how can you get c-suite attention for prioritizing pricing initiatives and allocating budget?

Aligning yourself with your company’s digital transformation initiatives is a great way to move pricing into the fold as a key driver. In particular, focusing on disruptive technologies like Cloud Technologies, AI, Machine Learning, and Decision Automation, can help to spark executive interest.

By choosing an AI vendor over other pre-internet vendors you’ll find more approachable budgets and rapid implementation timelines, which will aid immensely in getting executive buy-in. AI-based pricing tools, like Perfect Price, have measurable ROI and are proven to simulate pricing better than other technologies.

 

 

30th Annual Fall Conference & Workshops October 15-18, 2019 | PPS

We are excited to announce we’ll be in Las Vegas, NV for our 30th Annual Fall Pricing Conference & Workshops October 15-18, 2019! You can register now and take advantage of our Early Bird Offer.

 

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.

 

“The single most important decision in evaluating a business is pricing power,” Buffett told the Financial Crisis Inquiry Commission in an interview…

“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

 

Explore our collection of valuable pricing resources including:

Books

Cartoons

Certifications

Papers

Quotes

Reports

Training

Videos

Pricing News on LinkedIn

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, and discussions.

Posted in: Pricing News Daily

Post a Comment

WP-SpamFree by Pole Position Marketing