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This Week in Pricing > 3/10/18

pricingnews-WeeklyThis Week in Pricing is a collection of pricing focused news, thought leadership , events, jobs and professional education resources for pricers.

This Edition is brought to you by: PPS Logo

 

 

 

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.

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Top Headlines

Webcast: Pricing Strategy Execution With Certainty 20-March | PPS and Navdeep Sodhi

Changes in the external environment are inevitable. Companies react by rushing into strategic initiatives to defend revenues or grow profits only to realize that pricing execution is a bottleneck. Whether entering new markets — digital or traditional, major recalls, mergers or acquisitions, large-scale reorganization, or breakthrough technology, companies need be ready for unexpected pricing challenges. […]

 

New York City Needs Congestion Pricing Now More Than Ever | NRDC

New York City Needs Congestion Pricing Now More Than Ever | NRDC

But now, there’s a ray of hope: A comprehensive, progressive congestion pricing strategy currently being discussed could help resolve all these issues simultaneously. The Move NY Fair Plan, backed by a diverse coalition of citizens, advocates, planners, political leaders, labor unions, and more, proposes a simple cordon-style charging system that would collect congestion fees from […]

 

Cryptocurrency Mines are Pushing Up GPU Prices, and AMD is Worried | Inverse

Cryptocurrency Mines are Pushing Up GPU Prices, and AMD is Worried | Inverse

Graphics processors have skyrocketed in price over recent months, as cryptocurrency miners rush to use the ultra-powerful chips in their machines. It seems like a golden time for GPU companies, especially after the discovery that the chips are also perfect for autonomous cars, but AMD is worried that its business is now exposed to whims […]

 

Senators ask what’s holding up price transparency in healthcare | Health Exec

Senators ask what’s holding up price transparency in healthcare | Health Exec

A group of U.S. senators has sent a letter to dozens of healthcare industry groups asking for more information on what price and quality information is available to consumers and what regulations may be getting in the way of greater price transparency. “When asked more specifically about their concerns with health care, nearly two-thirds of […]

 

Drug price transparency law on governor’s desk | PortlandTribune

Drug price transparency law on governor’s desk | PortlandTribune

SALEM — A bill to require pharmaceutical manufacturers to disclose reasons for steep increases in the price of prescription drugs is headed to Gov. Kate Brown’s desk for a signature. The Oregon Senate voted 25 to 4 Friday, March 2, to make the bill law, following overwhelming approval in the House earlier this week. Consumers […]

 

Pricer’s Points: Elon Musk pricing strategy email to Tesla dealers – we all can learn from this email | Michael Doyle

Pricer’s Points: Elon Musk pricing strategy email to Tesla dealers – we all can learn from this email | Michael Doyle

In this one email, we have the basis for a pricing strategy framework that you can use to guide your pricing strategy. Key observations: Pricing strategy is CEO concern Pricing strategy and tactics are a primary concern of the CEO and Founder of a $30 Billion company. Jeff Immelt CEO General Electric also reviews pricing […]

 

Workshop: Value-Based Pricing and Differential Value Quantification | Stephan M. Liozu, CPP

Workshop: Value-Based Pricing and Differential Value Quantification | Stephan M. Liozu, CPP

Date: Tue, 1 May, 2018 | 9:00 am – 4:00 pm Location: PPS Spring Conference | Loews Chicago O’Hare Rosemont Hotel in Chicago, IL DESCRIPTION Value-Based Pricing and Differential Value Quantification: Best Practices to Understand, Apply, and Operationalize in Your Organization (Level 600 Workshop) More firms and their pricing leaders are embarking on value-based pricing strategies every year. Research […]

 

Beware of the great cryptocurrency con | The National

Beware of the great cryptocurrency con | The National

That now looks to have been the top of the market, a classic price spike, signaling the end of a trend, although admittedly it went on longer and got far higher than most thought possible – about 20-fold last year, that’s a record breaker for an asset price bubble. Then things went wrong. By the […]

 

Netflix has increased their pricing in light of new GST rules | Ausdroid

Netflix has increased their pricing in light of new GST rules | Ausdroid

Your Australian Netflix account just got more expensive, with the US-based company increasing prices to adhere to the new so-called ‘Netflix tax’ which has been applied to imported products and services available digitally that kicks off in the new financial year. The new prices have come into effect today, with the standard definition plan jumping […]

 

Workshop: Price Execution for Sustained Profitable Growth | Navdeep Sodhi

Workshop: Price Execution for Sustained Profitable Growth | Navdeep Sodhi

Date: Wed, 2 May, 2018 | 9:00 am – 4:00 pm Location: PPS Spring Conference | Loews Chicago O’Hare Rosemont Hotel in Chicago, IL

DESCRIPTION Price Execution for Sustained Profitable Growth (Level 500 Workshop) Many companies find themselves ill-prepared to handle disruption or tap into innovation opportunities due to a legacy of weak pricing execution. New product introduction, organizational […]

 

Drug transparency bill ignores role of insurers | The Register-Guard

Drug transparency bill ignores role of insurers | The Register-Guard

Every month, I visit a Eugene pharmacy to buy insulin for my 11-year-old daughter. She has type 1 diabetes, which means her body no longer makes insulin. Without daily insulin injections, she will die. On an Oregon Bronze Affordable Care Act insurance plan, I pay $274 per vial for insulin that cost $21 in 1996. […]

 

 

 

More Headlines

 

COMMENTARY: In digital-first world, accurate pricing reigns essential | Auto Remarketing

COMMENTARY: In digital-first world, accurate pricing reigns essential | Auto Remarketing

In fact, according to Cox Automotive’s recent “Future of Digital Retail Study,” seven in 10 consumers are more likely to buy from a dealership if they can start the process online, while 71 percent of consumers want to get information about the deal online, away from the dealership. As more and more of the car-shopping process […]

 

Why do D-FW apartment rents vary so much, even within the same complex? | Dallas News

Why do D-FW apartment rents vary so much, even within the same complex? | Dallas News

Like in any industry these days, though, the ability to harvest and process vast amounts of  data allows property managers to get a lot more specific. Large property managers use price optimization programs that constantly take in data about everything from how many apartments are expected to open nearby to vacancy rates across the region. […]

 

 

Commuters left stranded by rail shutdown hit by Uber price hikes by up to 500 PER CENT | The Sun

Commuters left stranded by rail shutdown hit by Uber price hikes by up to 500 PER CENT | The Sun

TAXI giant Uber has hiked prices by up to 500 per cent as stranded Brits try to make their way home. Passengers in Birmingham and Bath reported huge price hikes as the ride-hailing app’s controversial surge pricing software kicked in. The algorithm – which automatically activates at times of high demand – raised prices as […]

 

Astros tickets: Hot but more expensive after World Series championship | Houston Chronicle

Astros tickets: Hot but more expensive after World Series championship | Houston Chronicle

On the field, the Astros’ official hashtag for the 2018 season is #NeverSettle. But in the ticket office, based on the first day of public single-game ticket sales that included an official sellout of the April 2 home opener, the unofficial mantra is #WePriceToDemand. Demand to watch the team that won the 2017 World Series […]

 

How much have Stoke City season tickets cost every year since 1996? | Stoke Sentinel

How much have Stoke City season tickets cost every year since 1996? | Stoke Sentinel

It is common knowledge how much Stoke City season tickets have cost for the last 10 years. It’s easy enough: the price has been exactly the same. But we have gone back through the archives to look back at all prices in the modern era – and what, with inflation, they would be in 2018 […]

Hold drug makers accountable for rising costs | Denver Post

Hold drug makers accountable for rising costs | Denver Post

Everyone seems to know someone who’s had to pay hundreds or even thousands of dollars a month for expensive prescription drugs, whether it’s to treat a deadly cancer like leukemia or an autoimmune disease like Multiple sclerosis. Not long ago, American consumers voiced outrage when the drug manufacturer Mylan jacked up the price of its […]

 

J.C. Penney says it has cut jobs, offers muted outlook | The Sacramento Bee

J.C. Penney says it has cut jobs, offers muted outlook | The Sacramento Bee

NEW YORK – Department store chain J.C. Penney says it has cut more than 300 jobs and reported disappointing sales at established stores for the quarter that includes the holiday season. It also delivered a muted outlook, and its shares fell 6 percent. The news Friday overshadowed strong profits as investors worried about Penney’s ability […]

 

No more corporate freebies for Green MPs as they announce transparency measures | 1 NEWS NOW TVNZ

No more corporate freebies for Green MPs as they announce transparency measures | 1 NEWS NOW TVNZ

Secondly, the party co-leader announced that Green MPs, ministers and staff will not except corporate hospitality. They’ll pay full price for their tickets or meetings, he said. The party will avoid hospitality that does not relate to areas of their work. He called some corporation’s invitations to theatre, corporate box, or other such events problematic […]

 

Debunking The Myths About Platinum | Quill & Pad

Debunking The Myths About Platinum | Quill & Pad

Platinum has always been a bit of a mythical metal, especially in the world of watchmaking. Only the most expensive, and often also the most complicated, watches are fitted with platinum cases crafted from this white metal. Because of their price tags, they have remained rare. And because platinum watches are rare, they retain that […]

 

 

Sometimes quitters get the best deals | Boulder Daily Camera

Sometimes quitters get the best deals | Boulder Daily Camera

It would be easier if the companies that have been in our lives for decades returned our loyalty by treating us better than a brand new customer. More and more we see the opposite. Companies compile data on us from internal and external resources to determine how price sensitive we are, and use that information […]

 

Coinbase User Files Class Action Against Company, Claims Insider BCH Trading | Cointelegraph

Coinbase User Files Class Action Against Company, Claims Insider BCH Trading | Cointelegraph

Coinbase, a major US-based cryptocurrency exchange and wallet platform, faces a class action lawsuit claiming that its employees and other insiders benefited from trading on non-public information that the exchange planned to introduce Bitcoin Cash (BCH) support last December, The Recorder Law reported on Friday, March 2. The complaint was filed by Coinbase user and […]

 

More and more people cut the cord as cable TV companies struggle | Digital Trends

More and more people cut the cord as cable TV companies struggle | Digital Trends

Customers of the five top internet TV providers has more than doubled, from 2 million in 2016 to nearly 4.6 million at the end of 2017. The research doesn’t include people who never signed up for cable in the first place, younger viewers known as “cord-nevers” rather than “cord-cutters.” From a high of 88 percent […]

 

Dubai to launch blockchain-based solution for travel industry | EconoTimes

Dubai to launch blockchain-based solution for travel industry | EconoTimes

Dubai Tourism (DTCM) has announced its plans to launch a blockchain-based virtual market system for the travel industry. Part of Dubai’s 10X initiative, the initiative is aimed at democratizing travel through the use of cutting-edge technologies. It will enable Dubai to enhance distribution of its tourism inventory through a future-proofed virtual B2B (business-to-business) marketplace for […]

 

Big Red Business: Road rivals raising football ticket prices | HuskerOnline.com

Big Red Business: Road rivals raising football ticket prices | HuskerOnline.com

The good news: Price increases for season tickets are relatively small and shouldn’t snap your college football budget, especially for Nebraska fans who travel by the thousands to road games and have even been known to buy a rivals’ season tickets just to guarantee seats for the Nebraska game. Of course, you can find deals […]

 

Grab cuts fee for JustGrab taxi drivers for short trips, but raises commission for higher fares | TODAYonline

Grab cuts fee for JustGrab taxi drivers for short trips, but raises commission for higher fares | TODAYonline

The adjustment in levies comes more than a month after ride-hailing firm Uber and taxi operator ComfortDelgro rolled out a similar service. Under the UberFlash service, Uber takes a 10 per cent cut on bookings taken up by ComfortDelGro cabbies, less than the 20 per cent commission it levies on Uber drivers. The tiered levy […]

 

 

Bill to loosen state tuition cap stalled in Senate | Columbia Daily Tribune

Bill to loosen state tuition cap stalled in Senate | Columbia Daily Tribune

Schaaf said Friday that he thinks there are far too many administrators making excessive salaries and doesn’t want students charged more to support them. He’s willing to give a bit, he said, if the bill also covers the course fees identified in a state audit last year as a loophole in the current cap. “I […]

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