OnDemand WTP Pricing Research

Tag: pricing analysis

Grocers: It’s Time to Disrupt Your ‘Traditional’ Predictive Analytics Approaches | Progressive Grocer

Grocers: It’s Time to Disrupt Your ‘Traditional’ Predictive Analytics Approaches | Progressive Grocer

THE AI APPROACH The AI approach is based on processing all the available data and evaluating the connections and relationships between every single product, which sheds light on the various “ripple” effects – such as cross-category cannibalization/affinity, promotional and price elasticities, and forward-buying – that occur across the entire retailer’s product assortment anytime a decision […]

The Dawn of AI-Driven Price Management | RIS News

The Dawn of AI-Driven Price Management | RIS News

Want to devastate your financial performance? Simple. Get pricing wrong. And yet, 42% of retailers still primarily use spreadsheets for pricing and 34% use internally built software. What’s the problem with these traditional tools? For starters, both are incapable of supporting big data, machine learning and artificial intelligence (AI). You know, science. Which is a […]

Predictive Analytics: Optimizing Pricing And Promotions In E-Commerce Means Combining Tools | Retail TouchPoints

Predictive Analytics: Optimizing Pricing And Promotions In E-Commerce Means Combining Tools | Retail TouchPoints

Most retailers are already engaged in data analytics and predictive modeling. Today, using data to predict more successful outcomes — ultimately leading to increased sales — is not as mystifying a concept as it was even a year ago. But with a market being upended by an omnichannel imperative and consumer demand for instant gratification, […]

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 […]

FAIR Drug Pricing Act will force drug cos to justify drastic price hikes | CNBC

FAIR Drug Pricing Act will force drug cos to justify drastic price hikes | CNBC

In today’s polarized political environment, it’s hard to find any issue that an Illinois Democrat and a Florida Republican can agree on. Here’s one: the skyrocketing costs of prescription drugs are a scourge that must be dealt with as soon as possible. Drug companies are making record profits and at the same time raising the […]

mrbrown talks increasing fares for public transport | The Independent

mrbrown talks increasing fares for public transport | The Independent

Popular blogger mrbrown posted on his Twitter account yesterday about a suggestion he received to implement a surge pricing system for public transport. mrbrown, or Lee Kin Mun, said in his tweet that “Someone just suggested surge pricing for Public Transport”. In his tweet, he shared a screenshot of a letter to the Straits Times […]

CMS Proposes Site-Neutral Payments, Drug Price Negotiation | Health Payer Intelligence

CMS Proposes Site-Neutral Payments, Drug Price Negotiation | Health Payer Intelligence

“If finalized, this proposal is projected to save patients about $150 million in lower copayments for clinic visits provided at an off-campus hospital outpatient department,” the agency said in a press release. “CMS is also proposing to close a potential loophole through which providers are billing patients more for visits in hospital outpatient departments when […]

Consider dynamic pricing for public transport | The Straits Times

Consider dynamic pricing for public transport | The Straits Times

Perhaps it is time the public transport sector also starts to use dynamic pricing strategies, where fares rise during peak hours, just like fares for taxis. There will always be a demand for public transport. Even if each commuter is charged a few cents extra during peak hours, people will still use public transport because […]

South Shields FC slash ticket prices for Hebburn friendly after fans’ backlash | Shields Gazette

South Shields FC slash ticket prices for Hebburn friendly after fans’ backlash | Shields Gazette

South Shields Football Club has bowed to fan pressure after admitting it scored an own goal over its match pricing policy. Bosses have agreed to slash entry fees into Mariners Park for tomorrow’s home friendly against Northern League neighbours Hebburn Town. They say they acted in response to online and face-to-face feedback from supporters – […]

Rising Property Prices, Gambling Restrictions Among Reasons Why Cryptocurrency Is Alluring to South Koreans | EconoTimes

Rising Property Prices, Gambling Restrictions Among Reasons Why Cryptocurrency Is Alluring to South Koreans | EconoTimes

A strict stance on gambling, the difficulty in investing in the stock exchange, the rising prices and interest rates of properties, and the alluring emergence of cryptocurrency. These are some of the leading reasons why digital cash rose like a phoenix in South Korea. … The fiery demand, along with the smothering regulatory framework placed […]