It is a challenge to sort out the costs, benefits, and options of building or buying a new pricing system. It is also critical to understand your unique functional requirements, and to make sure any solution will meet those needs head on. Our company has direct experience building and implementing pricing systems, so we know the traps, issues, and strengths/weaknesses of current commercial offerings. In addition to evaluation, we can assist with implementation planning, change management, and even work with any third party to ensure they deliver what was promised. With lean staffs, and the importance of pricing projects, it will be highly beneficial to have someone to manage the entire process. You'll save a lot of time and expense.
The world of price optimization and modeling has exploded. It is pervasive across many industries - both B2C and B2B. Does it work in petroleum pricing applications - street pricing and wholesale pricing? Can you build a mathematical model to determine what price you should set?
There is no question that the business case appears compelling on the surface - wouldn't you like to have just an extra tenth of a cent per gallon? Trying to prove or disprove that price optimization works requires very careful analysis.
We can fully analyze the business case for modeling for your particular situation. And since we have actually built commercial pricing models and seen how they operate in the real world, you'll be assured of expert advice.
Nothing is more important than an unbiased, external viewpoint of your pricing strategy and process. It's something that you cannot achieve on your own. Some of the areas to explore are:
Making sure you have the right metrics in place
Ensuring that you are getting the most margin dollars
Analyze competitor behavior and gain insight
Determining applicabilty of price optimization
Improving improved pricing team performance
Perhaps you don't have the resource or staff to work on that special pricing project you are trying to get to.We can assist with:
Serving as an expert witness
Developing a detailed workplan for a pricing project
Be "on call" to bounce ideas on pricing
Helping build out analytics
Making improvements to your pricing process
Educating the pricing team on the latest technologies