Pricing News Daily > 9/13/18

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

Lab-grown diamond producers question De Beers’ pricing strategy | Professional Jeweller

Lab-grown diamond producers question De Beers’ pricing strategy | Professional Jeweller

While De Beers says its strategy will eliminate customer confusion over lab-grown diamonds and their natural counterparts, some producers are crying foul. According to Bloomberg, the lab-grown industry has filed a complaint with the U.S. Federal Trade Commission, accusing De Beers of price dumping and predatory pricing. “De Beers aren’t stupid,” said Chatham chief executive […]

 

E-commerce price discrimination | Yahoo Finance

E-commerce price discrimination | Yahoo Finance

Shopping for clothes online has generally become a positive experience for consumers, as the saturated landscape drives retailers to offer everything from free shipping and returns to competitive pricing. But sometimes the advertised price does not apply to all sizes. While not a new practice, Yahoo Finance has discovered that more e-commerce players are pricing […]

 

Energy price cap could be a muddle that satisfies no one | The Guardian

Energy price cap could be a muddle that satisfies no one | The Guardian

Let’s be generous to the Ofgem chief, Dermot Nolan. He’s produced a respectable fudge, as he was told to. Parliament gave him the tricky job of setting an energy price cap at a level that prevents “rip-off” pricing but still encourages customers to switch suppliers, goals that pull in opposite directions. A figure of £1,136 […]

 

Apple introduces three new iPhones and Apple Watch Series 4: Live blog recap | MarketWatch

Apple introduces three new iPhones and Apple Watch Series 4: Live blog recap | MarketWatch

Apple Inc. launched three new iPhones on Wednesday during the company’s biggest event of the year, as well as a new Apple Watch. Apple introduced the iPhone XS Max, iPhone XS and iPhone XR models Wednesday during an event at the new Cupertino, Calif., headquarters of the world’s most valuable company. Apple AAPL, +2.73%  said […]

 

American Hospital Association suing HHS over delay in implementing drug pricing rule for 340B | Healthcare Finance News

American Hospital Association suing HHS over delay in implementing drug pricing rule for 340B | Healthcare Finance News

The American Hospital Association and America’s Essential Hospitals have joined five other 340B stakeholders in a lawsuit against the Department of Health and Human Services over its delay in implementing a final rule for drug pricing transparency that includes monetary penalties for overcharging. HHS has delayed implementation five times. Congress in 2010 gave HHS the […]

 

New dairy regulation won’t be a milk price panacea | The Australian Dairyfarmer

New dairy regulation won’t be a milk price panacea | The Australian Dairyfarmer

Dairy farmers have been warned not to expect the industry’s proposed mandatory code of conduct to trigger any obvious lift in prices negotiated between milk processors and retailers. After months of volatile debate, peak farmer body Australian Dairy Farmers has told the federal government it will offer unified support for a mandatory code for processor-farmer […]

 

Businesses fined for selling goods above MRP, not displaying prices | Borneo Bulletin Online

Businesses fined for selling goods above MRP, not displaying prices | Borneo Bulletin Online

TWO businesses were each issued a compound fine of BND500 for selling price-controlled goods above their maximum retail price (MRP), including cooking oil, formulated powdered milk, and rice, while another two businesses were issued warning notices for not displaying price tags during an inspection. The inspection was conducted in Kampong Tanjung Bunut and Sengkurong by […]

 

Is a taxi or Uber driver more likely to rip you off on the way to the airport? | MarketWatch

Is a taxi or Uber driver more likely to rip you off on the way to the airport? | MarketWatch

Uber drivers are not completely exempt from allegations that they’ve ripped off their passengers, however. The study found the drivers often seek out routes that are subject to surge pricing, Uber’s practice of increasing fares when there is high demand. They also occasionally tell the app that they’ve started a ride before a rider gets […]

 

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…

 

 

“Price is very rarely the reason why our customers don’t buy. We have to be honest with ourselves and realize that we failed to show them the value that our product has. Increase value and price becomes secondary.”

     – Nick Stringari

 

 

Posted in: Pricing News Daily