MIT Sloan Executive Education recently hosted the latest in its innovation@workTM webinar series, entitled “The New Frontier in Price Optimization,” with MIT Professor David Simchi-Levi. The webinar, now available on demand, which drew hundreds of attendees from across the world, presented recent breakthroughs in the development of models that combine machine learning and optimization for […]
Where would you rather shop: a store with high prices and occasional sales or a retailer where prices are consistently low? While reliably cheap prices might sound better on paper, businesses harnessing the former pricing strategy — rather than the latter — can be more profitable and successful with shoppers, according to new research by […]
Let’s say you’ve just found a nice jacket in a store and are deciding whether to buy it. It’s a little pricey, so should you wait and hope it goes on sale in the future? Perhaps. Then again, the jacket might go out of stock before that happens, and you might never acquire it at […]
Pricing 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. Today’s Headlines This Week in Pricing > 7/12/14 TWIP is a recap of the week’s top pricing strategy in the news and resources for pricing professionals. We […]
Pricing 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. Today’s Headlines VIDEO: SALES TIP – Number One Way to Avoid a Discount | The Sales Hunter Do you really believe you can’t sell without a discount? […]
The Billion Prices Project is an academic initiative that uses prices collected from hundreds of online retailers around the world on a daily basis to conduct economic research. This page shows our most recent research leveraging high-frequency price data, as well as the US daily inflation index (updated monthly on this page). Read complete article […]
No one is suggesting customers should be the primary voice in your pricing decisions. But you can still benefit from involving customers in the process, note Marco Bertini and Oded Koenigsberg in the MIT Sloan Management Review. “If you sense that your company is leaving good money on the table and struggling to convert product differentiation into revenue and […]
Pricing 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. Today’s Headlines Should Your Pricing Leave Money on the Table? | Selling Out If your ticket prices are getting the very last dime of value from the […]
Is your product’s price tag too hot, too cold, or just right? When we first launched Ministry of Supply, we sold our Apollo shirt for a whopping $128. Our price for the shirt then moved down to $88, back up to $108 and finally landed on $98. During all of these changes, we talked to […]
Pricing 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. Today’s Headlines Is Your Price High Enough? | The Sales Hunter Far too many companies are afraid of what might happen if they raise their prices. The […]
Why The Fed Needs To Pay Attention To The ‘Amazon Effect’ On Online Pricing | Forbes
It’s no secret that fierce competition from Amazon puts downward pressure on prices charged by Walmart and other big multichannel retailers for the same items. However, the bigger “Amazon effect” relates not to the prices themselves but to the pricing behaviors of these more traditional retailers, according to Alberto Cavallo, the Edgerley Family Associate Professor […]
PND is a digest of pricing focused news, thought leadership, events, jobs, training and certification resources for pricing professionals. This Edition is brought to you by: 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 […]
This Week in Pricing > 5/18/19
TWIP is a digest of pricing focused news, thought leadership, events, jobs, training and certification resources for pricing professionals. This Edition is brought to you by: The Perfect Price AI platform makes millions of pricing decisions for forward-thinking companies around the world. Our cloud-based service allows customers to quickly anticipate and react to changes in demand in […]
A new study sparks a war of words over pharma’s commitment to research | STAT
WASHINGTON — A coalition of the drug industry’s fiercest foes is accusing the world’s top drug makers of hiding behind research and development “as an excuse for price-gouging American patients.” And they’re pointing to a new study that finds drug makers spent about 22% of their revenues on research and development in 2017 to prove […]
Drug court to try firms refusing to cut prices | The Express Tribune
ISLAMABAD: The government is expected to take up the issue of hike in drug prices at its next cabinet meeting while it intends to move the drug court against all those pharmaceutical companies who refuse to lower prices of their medicines in line with the recent policy decision of the government. This was disclosed by the […]
Connect
Follow via RSS feed or on the following social media platforms.