Tag: Pricing Technology

Intelligent pricing could help to eliminate waste from luxury brands, says Blue Yonder | Retail Times

Intelligent pricing could help to eliminate waste from luxury brands, says Blue Yonder | Retail Times

The recent news that luxury brands have destroyed millions of pounds worth of unsold merchandise to avoid their products falling into the wrong hands and being sold on the “grey market” at knockdown prices, illustrates the challenges that these brands face in matching pricing and customer demand. With Richemont, owner of Cartier and Mont Blanc, […]

GUIDE: Hiring a car in Europe – how to get the best deal and not be fleeced | Express.co.uk

GUIDE: Hiring a car in Europe – how to get the best deal and not be fleeced | Express.co.uk

Rental companies charge around £15 a day for an excess waiver policy, compared to iCarhireinsurance.com which offers cover from £2.99 a day in Europe (or £39.99 for annual cover), and can be bought before leaving home, avoiding rental desk stress. The insurer found that travellers who rent cars are still baffled by the pricing structures, […]

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 […]

How AI Is Changing Sales | Harvard Business Review

How AI Is Changing Sales | Harvard Business Review

Companies are using AI in all kinds of innovative ways to advance their businesses. If you’ve ever searched Netflix to watch a movie, AI (a recommendation algorithm) was no doubt used in your decision about what to watch.  If you’ve shopped on Amazon, your decision about what to buy was also influenced by AI (via […]

Amazon’s Footprint Grows in K-12 Purchasing. Should We Be Worried? | Market Brief

Amazon’s Footprint Grows in K-12 Purchasing. Should We Be Worried? | Market Brief

Amazon could receive up to $5.5 billion over the next 11 years through a cooperative purchasing contract used by cities, counties, and school districts alike—and that’s got some people fired up. They’re concerned that if Amazon wins government and school purchases for everything from paper products to musical instruments, it will mean that other businesses […]

Europcar and Avis charge Brits MORE than other nationalities – how to beat the rip-off price hike | The Sun

Europcar and Avis charge Brits MORE than other nationalities – how to beat the rip-off price hike | The Sun

Europcar puts the price difference down to “dynamic pricing [which] means that rates are never static”. Nic McBride, from A Spokesman Said, added: “This is an absolute rip-off, no two ways about it. “Why should someone’s country determine the price they pay for the exact same product? “As for “dynamic pricing” – we conducted multiple […]

Car rental companies charge Brits more as consumer groups slam rip-off | Express

Car rental companies charge Brits more as consumer groups slam rip-off | Express

It’s been revealed that top car rental companies are charging Brits more than other nationalities for car hire. A shocking investigation by The Daily Mail, Mail Online and consumer group A Spokesman Said found that both Avis and Europcar are charging different rates based on nationality. Nic McBride from A Spokesman Said blasted the disparity […]

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 […]