Tag: Pricing Analytics

How Analytics Helps Price Optimization Decisions | DMN

How Analytics Helps Price Optimization Decisions | DMN

Amazon’s quick price cut for Whole Foods, and investor concerns about Blue Apron, together place a spotlight on price optimization in retail and eCommerce. I am going to try to explain some analytics reporting can aid good decisions, and support informed discussion, on product planning and associated metrics for online retail. High sales have traditionally […]

InfoTrends Study to Focus on Exploring Pricing Models for Digital Delivery in Transactional Communications | Keypoint Intelligence

InfoTrends Study to Focus on Exploring Pricing Models for Digital Delivery in Transactional Communications | Keypoint Intelligence

Keypoint Intelligence – InfoTrends is pleased to announce a new study entitled Pricing for Digital: Exploring New Models for Transactional Communications Delivery. Research begins October 2017 and final deliverables are scheduled to publish in December 2017. As delivery of transactional communications continues to shift from physical to digital environments, the pricing discussion is becoming more […]

Casey’s Looks to Optimize Digital & Pricing Opportunities | Convenience Store News

Casey’s Looks to Optimize Digital & Pricing Opportunities | Convenience Store News

At the same time, Casey’s is interviewing consultants to assist the convenience store chain with developing a new price optimization program. “Currently, many of the products at our stores are priced consistently across our 15-state market area,” Handley explained. “We believe we have an opportunity to take advantage of differences and market conditions related to pricing […]

There’s no cost for getting the price right | Parkes Champion-Post

There’s no cost for getting the price right | Parkes Champion-Post

Ever wondered how the successful companies set their prices? Parkes retailers have the opportunity to attend an upcoming free Pricing Your Products Masterclass aimed at discussing the intricacies of pricing and how to develop a pricing mindset. This free class, with refreshments provided, will be held on Wednesday, September 6 from 11.30am until 2.30pm at the Hart Bar, […]

Healthcare spending, price growth slows in 2017 but job growth spikes | Healthcare Finance News

Healthcare spending, price growth slows in 2017 but job growth spikes | Healthcare Finance News

Healthcare spending growth slowed in 2016, and the trend appears to be continuing, according to the August 2017 Altarum Institute Center Health Sector Trend report. According to the report, spending grew by only 4.6 percent in 2016 and estimates based on new data have the downward trend continuing with growth for the first half of […]

5 Things To Know Before Taking A Loan Online | Value Walk

5 Things To Know Before Taking A Loan Online | Value Walk

2. Tailored products Another way alternative lenders are setting themselves apart is by offering unique financial products. You can tailor the specifics of the loan, such as the timeline for payback and the purpose of the loan. Businesses can use everything from inventory to invoices without the need for a personal guarantee. This sort of […]

Optimization Beyond Prediction: Prescriptive Price Optimization | NEC

Optimization Beyond Prediction: Prescriptive Price Optimization | NEC

This paper addresses a novel data science problem, prescriptive price optimization, which derives the optimal price strategy to maximize future profit/revenue on the basis of massive predictive formulas produced by machine learning. The prescriptive price optimization first builds sales forecast formulas of multiple products, on the basis of historical data, which reveal complex relationships between […]

Match Your Own Price? Self-Matching as a Retailer’s Multichannel Pricing Strategy | Marketing Science

Match Your Own Price? Self-Matching as a Retailer’s Multichannel Pricing Strategy | Marketing Science

Multichannel retailing has created several new strategic choices for retailers. With respect to pricing, an important decision is whether to offer a “self-matching policy,” which allows a multichannel retailer to offer the lowest of its online and store prices to consumers. In practice, we observe considerable heterogeneity in self-matching policies: There are retailers who offer […]

Big data will change business marketing forever | Techaeris

Big data will change business marketing forever | Techaeris

OPTIMIZED PRICING Pricing services and products is a balancing act. Getting the price right in today’s hyper-competitive economy is tricky for businesses without the right tools. Big data analytics can help businesses fine-tune their pricing and even offer customized pricing on the individual level for best results. McKinsey found that minor improvements in the pricing […]

Connecting the dots: the hybrid data management arena | Information Age

Connecting the dots: the hybrid data management arena | Information Age

Is hybrid data management now a necessity? De Souza: Absolutely. If you think about applications today, whether they be in manufacturing trying to do predictive analytics on the supply chain or optimise supply chains, or whether you’re talking about fraud detection in finance or insurance, or real-time dynamic pricing – these things don’t just need […]