Pricing News Daily > 9/12/18

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:value innoruption final 0612 rev

 

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…

 

 

Headlines

Craft Breweries Defy Convention By Beginning To Drop Prices | Forbes

Craft Breweries Defy Convention By Beginning To Drop Prices | Forbes

Founders Brewing is no stranger to the disruption business. The Michigan company not only pioneered the 15-pack of craft cans but was the first to perfect the now-ubiquitous session IPA style and release it on a national scale. So when co-owners Mike Stevens and Dave Engbers decided to break with craft brewing tradition in February […]

 

There’s more to pricing than hard costs | Woodworking Network

There’s more to pricing than hard costs | Woodworking Network

Editor’s note: Years ago, James Falk shared with readers of Cabinetmaker magazine and members of the Cabinet Makers Association his pricing theories of pricing work using the term “soft variables” to describe things that often affect the cost of work but seldom are accounted for in bidding spreadsheets. Today, Falk has expanded on this concept […]

 

Why pricing matters | The Economic Times

Why pricing matters | The Economic Times

Alot of my research deals with dynamic pricing and how consumers respond to prices. Particularly, we look at data from firms and non-profits to understand how we can adjust prices over time, zones and products, and make the pricing policies palatable, better for consumers, improve consumer welfare and also make the firm better. As a […]

 

This New Non-Profit Drug Company Wants To Fix The US Healthcare Industry | IFLScience

This New Non-Profit Drug Company Wants To Fix The US Healthcare Industry | IFLScience

In a bid to combat the exorbitant, greed-driven pricing schemes of pharmaceutical companies and increase the availability of essential generic medications, seven large American hospital chains have joined forces to form a new non-profit drug company. The plans for this endeavor were first announced in January, and as of today, we now know the name, […]

 

Consumer Reports: What to Know About Buying a Used Rental Car | NBC 5 Dallas-Fort Worth

Consumer Reports: What to Know About Buying a Used Rental Car | NBC 5 Dallas-Fort Worth

You’ve probably seen the promotions: used rental cars, low prices, big savings. “That low price can be attractive, and most rental companies do maintain their vehicles. But you still have to be a savvy consumer,” said Jon Linkov, Consumer Reports Auto Editor. Rental cars can rack up substantial miles. Hertz, Avis and Enterprise show mileage […]

 

Logistics startup brings transparency, efficiency to air cargo booking | AJOT

Logistics startup brings transparency, efficiency to air cargo booking | AJOT

Miami startup SkySpace Cargo released the world’s first air cargo trading platform to digitize booking transactions. The company is linked to more than 100 airlines to create a neutral environment for freight forwarders to price, book and manage cargo shipments. Price transparency has become the norm in most industries, but the logistics field has lagged […]

 

Politics heats up on fuel prices in poll-bound Rajasthan | Times of India

Politics heats up on fuel prices in poll-bound Rajasthan | Times of India

JAIPUR: The protest over rising petrol, diesel and cooking gas prices has sparked off a battle of words between the leaders of ruling and opposition parties in poll-bound Rajasthan. Chief minister Vasundhara Raje called the “Bharat Bandh” a drama by the Congress, while Pradesh Congress Committee president Sachin Pilot said the BJP leaders were insulting […]

 

Private colleges are trying to attract students by matching public prices

Private colleges are trying to attract students by matching public prices

This fall, the trendy pricing strategy for private universities might just be matching public universities’ tuition. Two private universities unveiled price-matching programs over a span of five days at the end of August. First, Oglethorpe University in Atlanta announced a program under which it will match tuition sticker prices at a list of flagship universities […]

 

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…

 

 

“Nobody ever wins a price war – it’s all about who survives the longest.”

     – Aki Kalliatakis

 

 

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