Pricing News Daily > 9/6/18

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.

 

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Professional Pricing Society

Currently, PPS produces three major annual pricing conferences in Europe and North America. Each conference also houses a technology hall where sponsors display the latest in Pricing Solutions software. PPS also offers more than two dozen, full-day training workshops every year, taught by leaders in the pricing community. These workshops serve as the foundation for PPS’s Certified Pricing Professional (CPP) designation, our state of the art pricing certification program. Candidates may be certified after mastering a multi-stage curriculum followed by rigorous testing. Successful CPPs have acquired the core knowledge which not only places them in the top rungs of the pricing field, but also gives them the tools to enhance substantially their own careers.

Click a link below to learn more…

 

 

Headlines

Moviepass: A bold trendsetter slowly dying out | The Chronicle

Moviepass: A bold trendsetter slowly dying out | The Chronicle

Ted Farnsworth, the CEO of Helios and Matheson, has said that other start-up companies such as Uber and Amazon have, at various points, lost billions of dollars and are still around and very successful today.  This may be true, but the key difference between those companies and Moviepass was investor confidence.  Investors saw both the […]

 

Fare revision hasn’t helped us, say cabbies, commuters | Times of India

Fare revision hasn’t helped us, say cabbies, commuters | Times of India

BENGALURU: It’s been nearly nine months since the transport department revised cab fares, fixing minimum and maximum charges. However, it seems the revision has benefited neither taxi drivers nor users. In fact, the average per km cab fare in the city — which earlier varied between Rs 10 and Rs 20 — has now touched […]

 

Business travelers primed for dynamic pricing, Travelport finds | Travel Weekly

Business travelers primed for dynamic pricing, Travelport finds | Travel Weekly

Despite growing concerns about data privacy and discriminatory fare pricing, a recent survey conducted by Travelport reveals that business travelers are open to receiving personalized ads based upon their previous travel purchases and their online browsing history. The finding could bode well for airlines that have begun to implement, or are considering implementing, personalized dynamic […]

 

The Opaque Fight Against Price Transparency | Managed Care magazine

The Opaque Fight Against Price Transparency | Managed Care magazine

Public opposition would be unseemly, so insurers and hospitals work behind the scenes against price transparency. For those who doubt the importance of transparency in price and quality to free the market, you just have to look behind the public curtain and observe the fierceness with which the opponents of transparency are trying to keep […]

 

Costco Has Customer Loyalty to Thank for Impressive Sales Growth | TheStreet

Costco Has Customer Loyalty to Thank for Impressive Sales Growth | TheStreet

While Costco is in the middle of the pack in market share of U.S. grocers – and certainly not a laggard – the value the business has accrued is largely attributable to a little bit of secret sauce. That’ll be customer loyalty, driven by a highly competitive value proposition. “What’s driven Costco’s strength is the […]

 

Our Opinion: Secret price lists inflate taxpayers’ health care costs | The Wilson Times

Our Opinion: Secret price lists inflate taxpayers’ health care costs | The Wilson Times

Folwell is on a noble crusade for price transparency in health care. Not only is the state health plan in the dark about the contract reimbursement rates for which it’s on the hook, but individual patients usually have no comprehension of how much a procedure will cost — or how much of the bill they’ll […]

 

Premium bedding startup Brooklinen will raise the price on its sheets soon | Business Insider

Premium bedding startup Brooklinen will raise the price on its sheets soon | Business Insider

When it comes to getting a quality night’s sleep, sheets are just as important as more obvious items like mattresses and pillows. Brooklinen, a startup specializing in amazingly high-quality sheets at reasonable prices, is easily one of Insider Picks’ favorite places to buy them. We’ve written about their superb comfort and even named their Luxe […]

 

PhRMA lawsuit against drug pricing transparency dismissed | State of Reform

PhRMA lawsuit against drug pricing transparency dismissed | State of Reform

On Thursday a US District Court judge dismissed a lawsuit filed by PhRMA that challenged the constitutionality of SB 17, the drug pricing transparency law passed last year by the California Legislature. The law, which was introduced by Senator Ed Hernandez, requires prescription drug companies to provide 60 day advance notice and explanation for any […]

 

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…

 

 

“Oil prices have fallen lately. We include this news for the benefit of gas stations, which otherwise wouldn’t learn of it for six months.”

– Bill Tammeus

 

 

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