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Pricing News Daily > 7/18/19

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

This Edition is brought to you by:

Value Innoruption Advisors

Founded by Dr. Stephan Liozu, Value Innoruption Advisors provides training and consulting resources for organizations interested in embedding value-based methodologies in their go-to-market strategies related to innovation, marketing, pricing, and sales. Value Innoruption Advisors offers two popular value and pricing management certification programs – Customer Value Modelers™ (CVM™) and Change Agent in Pricing™ (CAP™).

Click a link below to learn more…

 

BLOG: Amazon PillPack: A solution to price gouging? | Healio

BLOG: Amazon PillPack: A solution to price gouging? | Healio

Cruising along Interstate 77, employing my Google-Fu and doing background research for a patent application (I’m a scientist! Who knew?!), I had an epiphany about how we can address at least some parts of our drug cost crisis. Admittedly this occurred while I was perusing Twitter (SQUIRREL!), but anyway there I was reading @ChrissyFarr’s latest […]

 

Tesla’s Surprise $6,410 Price Cut Sparks a Rant From One Devotee | Bloomberg

Tesla’s Surprise $6,410 Price Cut Sparks a Rant From One Devotee | Bloomberg

Laurence Blau, 78, woke up Tuesday morning to a frustrating figure: $6,410. That’s the dollar amount that Tesla Inc. had lopped off the list price of a fully loaded performance edition of the Model 3 sedan the night before. Blau, who paid $68,400 for the car less than three weeks earlier, called it a “bitter […]

 

Uber now gives passengers ride credits for buying stuff through Cargo’s in-car commerce platform | VentureBeat

Uber now gives passengers ride credits for buying stuff through Cargo’s in-car commerce platform | VentureBeat

Cargo, an in-car commerce company that helps ride-hailing drivers earn extra cash by selling stuff to passengers, is officially launching its Cargo Store mobile app today, giving riders the chance to earn cash back on a host of goods from an expanded marketplace. By way of a quick recap, Cargo has so far partnered with […]

 

New Medicare Part D ‘Ski Slope’ shows seniors’ wild drug pricing ride | 46brooklyn Research

New Medicare Part D ‘Ski Slope’ shows seniors’ wild drug pricing ride | 46brooklyn Research

If you’ve read any of our work at 46brooklyn Research, you probably already know that much of our focus has been centered on the study of Medicaid drug pricing data. Why? Simply because it’s readily available at a granular enough level where we can tease out some interesting findings that help demonstrate the complexity and […]

 

Irn Bru profits nosedive 20% as drinks bosses blame sugar tax | Daily Star

Irn Bru profits nosedive 20% as drinks bosses blame sugar tax | Daily Star

Manufacturer AG Barr has this morning warned how its total sales are expected to plunge by £123million – around 10% – as profits will “collapse” this year. Irn Bru has particularly lost its appeal in its native Scotland, where the famous orange beverage is often described as its “other national drink”. AG Barr revealed how […]

 

Congress is Trump’s best hope for drug pricing action | Roll Call

Congress is Trump’s best hope for drug pricing action | Roll Call

An upcoming Senate bill is the Trump administration’s best hope for a significant achievement before next year’s election to lower prescription drug prices, but a lot still needs to go right for anything to become law. Despite the overwhelming desire for action, there are still policy gulfs between Republicans and Democrats in the Senate, and […]

 

Critics Say Wind Farm Rates Constitute Price Gouging | The Independent

Critics Say Wind Farm Rates Constitute Price Gouging | The Independent

There are a lot of ways to deflect the criticism, but really none to refute it: The South Fork Wind Farm will charge higher rates for the power it generates — three to five times more than its parent company, Ørsted/Deepwater, will charge in nearby markets. Despite complaints from all sides, freedom of information requests, […]

 

Texas now boasts the nation’s strongest laws to shield patients from surprise bills | TribTalk

Texas now boasts the nation’s strongest laws to shield patients from surprise bills | TribTalk

Sweeping legislation that will help protect thousands of Texans from the calamity of surprise bills and price-gouging associated with freestanding emergency rooms (FSERs) was a high point of the 86th Texas Legislative session. With the stroke of his pen, Gov. Greg Abbott signed into law some of the strongest patient protection laws in the nation […]

 

Webinar (On-demand): 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.

 

15th Annual European and Global Pricing Workshops & Conference November 27-29, 2019 in Berlin, Germany | PPS

We are excited to announce we’ll be in Berlin, Germany for our 15th Annual European and Global Pricing Workshops & Conference to be held November 27-29, 2019!

 

“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

 

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