Pricing News Daily > 9/10/18

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:

 

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.

 

 

Headlines

Seven Tips To Pricing Rental Property For Maximum Exposure And Consistent Income | Forbes

Seven Tips To Pricing Rental Property For Maximum Exposure And Consistent Income | Forbes

Whether you are converting your home into a rental property or investing in real estate for the benefit of passive income, you need to price your rent effectively in order to ensure minimal vacancy loss and maximum exposure to renters when you list for rent. The history of asking rent prices in the U.S. shows a steady […]

 

Drug price transparency driving healthier supply chains | PharmaTimes

Drug price transparency driving healthier supply chains | PharmaTimes

The pharmaceutical industry has long faced criticism from governments when it comes to drug cost transparency. This is hardly surprising when we’re seeing cost pressures on healthcare systems continuing to escalate worldwide, leading to ever-increasing pressure on pharma companies to be more transparent about the cost to research, develop and manufacture drugs. So, where exactly […]

 

Report: Prescription prices vary widely among pharmacies | WSTM

Report: Prescription prices vary widely among pharmacies | WSTM

In one example from Syracuse, a popular heartburn medication was sold at prices that ranged from a low of $189 to a high of $349. The report’s authors say the price disparities can cause big problems for people who don’t have prescription drug coverage. The report recommends that the state do a better job of […]

 

Oil should be at $52 per barrel says Emirates Tim Clark | CNBC

Oil should be at $52 per barrel says Emirates Tim Clark | CNBC

Airline fuel is overpriced, and the underlying cost of oil should sit around $52 per barrel, Tim Clark, President of Emirates told CNBC Friday. “I am one of these people that says it is hugely overpriced. If you are at $77 or $83 dollars (per barrel) it should be at $52. That’s where it needs […]

 

Sinemia and Choovie bring subscriptions and dynamic pricing to Australia | Film Journal International

Sinemia and Choovie bring subscriptions and dynamic pricing to Australia | Film Journal International

MoviePass has been getting a lot of press in the U.S. but so far has not arrived Down Under. That is not to say it will not come here, but some industry figures have their doubts. Because most major chains do not have competing cinemas in the majority of their cities and suburbs, there is […]

 

Adoption grows for Allscripts cutting edge Prescription Price Transparency Solution | Globe Newswire

Adoption grows for Allscripts cutting edge Prescription Price Transparency Solution | Globe Newswire

CHICAGO, Sept. 05, 2018 (GLOBE NEWSWIRE) — Allscripts (NASDAQ: MDRX), a global leader in healthcare information technology, is delivering comprehensive prescription price information directly into the clinicians’ workflow. Allscripts Prescription Price Transparency (PPT) empowers physicians and their patients with real-time comprehensive drug price information, at the point of patient care, designed to optimize the clinical […]

 

Hospitals are fed up with drug companies, so they’re starting their own | The Washington Post

Hospitals are fed up with drug companies, so they’re starting their own | The Washington Post

A group of major American hospitals, battered by price spikes on old drugs and long-lasting shortages of critical medicines, has launched a mission-driven, not-for-profit generic drug company, Civica Rx, to take some control over the drug supply. Backed by seven large health systems and three philanthropic groups, the new venture will be led by an […]

Price of unfair competition: Government needs to be wary of predatory pricing by e-commerce | The Financial Express

Price of unfair competition: Government needs to be wary of predatory pricing by e-commerce | The Financial Express

The government recently released the draft e-commerce policy, which attempts to regulate and control deep discounting by e-commerce players. While the structure of the draft has been criticised in some quarters, there is no denying that there is an urgent need for an e-commerce policy. Regulation is required as price distortions would have wide ramifications […]

 

Events and Resources

Webinar: Machine Learning & Data: The Latest Pricing Opportunity | PPS and Vistaar

Date: September 27, 2018

Time: 12:00 pm Eastern

In today’s ever-evolving world, data and software driven strategies are imperative to creating sustained commercial success. Good processes and experienced personnel are no longer enough. It is nearly impossible to rely on spreadsheets, custom software tools, and anecdotal experiences to properly manage the complexity of becoming a “data-driven business.” The good news?

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.

Please join Vistaar’s Director of Product Management, Dushyant Zutshi, in a new #PricingWebinar titled, “Machine Learning & Data: The Latest Pricing Opportunity” for a sneak peek of PPS Fall 2018 session content. Dushyant will discuss how advanced algorithms and machine learning techniques drive intelligent pricing and sales strategies for success in the data-driven world.

 

Fall Pricing Workshops & Conference | PPS

Date: October 23-26, 2018

Location: Renaissance Dallas Addison Hotel in Addison, TX

Please make plans to join us and well over 450 of your peers for the best event anywhere. We will be in Dallas, TX,October 23-26, 2018.

Don’t miss out on the Early Bird Discount (When 2 people from the same firm register at the same time (item of equal or lesser value), the 3rd registrant can attend FREE of charge). Offer expires September 14th!

 

14th Annual PPS European & Global Pricing Conference & Workshops | PPS

Date: November 28-30, 2018

Location: Mövenpick Hotel Amsterdam City Centre in Amsterdam, Netherlands

The Professional Pricing Society team and I are very proud to announce that we will be returning to Amsterdam for our next great event – The 14th Annual PPS European & Global Pricing Conference & Workshops held 28-30 November.

Conference keynotes, breakout sessions, and networking opportunities highlight the conference day on 30 November; While 28-29 November will be used for workshop days to help you enhance your pricing knowledge.

 

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.

 

 

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.

 

Pricing News LinkedIn Group

Join over 5,000 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.

 

Pricing Resources

Explore our collection of valuable pricing resources including:

 

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

 

 

“Product Pricing is aligned to the way customers want to acquire their solutions and are delivered via different delivery models including appliances, the cloud, or as on-premise software solutions.

     – N. Robert Hammer

 

 

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