Pricing News Daily > 9/4/18

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

Refining Price Transparency Tools to Increase Patient Use, Cut Costs | Patient Engagement HIT

Refining Price Transparency Tools to Increase Patient Use, Cut Costs | Patient Engagement HIT

August 27, 2018 – With patient financial responsibility posing a challenge throughout the healthcare industry, more healthcare experts are looking to price transparency to help patients make healthcare decisions and potentially decrease healthcare costs. Healthcare price transparency tools have already made their mark on the healthcare industry, with policymakers agreeing that they are essential to the […]

 

Here’s How J.Crew Is Going to Win You Back | GQ

Here’s How J.Crew Is Going to Win You Back | GQ

Out of all the Fashion Week shows, J.Crew’s was always the most laid-back. No runway for models to stomp down, or celebrity appearances to froth over. Instead, the brand used “real people,” dressing employees and friends in the new collection and scattering them around spaces where other brands held runway shows. Still, even that was […]

 

Senate Moves Forward With Drug Price Transparency Amendment | AJMC

Senate Moves Forward With Drug Price Transparency Amendment | AJMC

The Senate has passed a spending bill with a bipartisan amendment, sponsored by Senators Chuck Grassley, R-Iowa, and Dick Durbin, D-Illinois, that will provide HHS with $1 million in funds to issue regulations on direct-to-consumer advertising. The regulations will require drug makers to include the prices of their products in direct-to-consumer advertisements. Grassley, in a […]

 

“What the Fee?!” Consumer Reports sheds light on hidden cable costs | WCNC

“What the Fee?!” Consumer Reports sheds light on hidden cable costs | WCNC

A new program called “What the Fee?!” by Consumer Reports reveals extra costs attached to cable bills really make consumers mad. These costs are added after you’re locked into a contract — fees that the company somehow didn’t mention or were buried in the fine print. Consumer Reports received the largest number of complaints about […]

 

Time to Challenge Google Maps Pricing | ProgrammableWeb

Time to Challenge Google Maps Pricing | ProgrammableWeb

Polish developers Bartłomiej Owczarek and Tomasz Nawrocki of the pharmaceuticals locator service GdziePoLek.pl relied heavily on Google Maps. Their business points patients to the closest brick-and-mortar pharmacies stocking specific medicines, so they realized quickly that Google pricing of Maps was changing frequently. They found that Google raised its Maps Platform pricing 14 times, while decreasing […]

 

Pricing Model Innovation Canvas (PMIC) Details [Video] | Stephan Liozu

Pricing Model Innovation Canvas (PMIC) Details [Video] | Stephan Liozu

In this video, we present the specific methods and tools used for each of the 4 C’s of pricing in the canvas. There are 20 methods/tools/analyses that are recommended with key outputs/outcomes that are used in the framing process for your opportunity. The PMIC is for innovators, digital teams, and marketers in need of a […]

 

Trump Tax Cuts Making Prices More Expensive For Consumer Goods | Bloomberg

Trump Tax Cuts Making Prices More Expensive For Consumer Goods | Bloomberg

President Donald Trump is giving many businesses an unexpected benefit on top of lower taxes and regulatory relief: He’s helping to restore their pricing power. By pouring hundreds of billions of dollars of tax cuts and extra government spending into an already stretched economy, Trump is fostering an environment where firms such as conglomerate 3M […]

 

De Beers U-turn on lab-grown diamonds divides industry | Financial Times

De Beers U-turn on lab-grown diamonds divides industry | Financial Times

The De Beers group’s move is a wager, says Mr Golan, on educating a confused consumer about the product and redefining it as something distinct from, and less valuable than, mined diamonds. “They took a big gamble which said, ‘Will we succeed in driving a wedge in perception between lab-grown and natural diamonds, which would […]

 

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…

 

 

“Prices are ultimately set by value, not by the competition or supply/demand, but by value.”

– Ron Baker

 

 

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