Four Ways to Get More Out of Pricing Analytics
Powerful Strategies for Producing More Meaningful Results from Your Pricing Analytics Efforts and Investments
There's no doubt that pricing analytics can be powerful—both as a toolset and as a business process. But it’s not a slam dunk. Contrary to the hype, analytical toolsets don’t provide benefits out-of-the-box. You can’t just install them, load them up with data, and expect results. In this guide, you will learn:
- How to avoid falling into the typical "reporting" trap and develop truly meaningful objectives behind your efforts.
- The various types of "growth drivers" you should be focusing your analyses on to generate significant impacts.
- The critical foundation that can make your pricing analyses far more accurate, relevant, and credible to others.
- The fatally-flawed assumption behind many analytics initiatives and what you can do to avoid the same mistake.
This guide is just one of hundreds of educational resources you get access to as a PricingBrew Journal subscriber.
More Subscriber-Only Resources From Our Library
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Closing the Costliest Pricing Capability Gaps
In this session, we explore three pricing capability gaps that are still all-too-common considering their detrimental effects on pricing performance and highlight steps you can take to close the gaps once and for all.
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Improving Your Price Lists
For many, price lists are their primary means of delivering prices to the field. But because they are such blunt instruments, price lists are not ideal for price realization. So how do you improve performance using price lists?
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Pricing Configured Products
How do you price configured and customized products effectively? How do you ensure that your costs and margin minimums are covered? And how do you capture more of the value being delivered?
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Anticipating Competitors' Pricing Moves
Your competitors' pricing actions (and reactions) add even more complexity to pricing. So what can you do to anticipate competitive moves and prevent them from spoiling your pricing efforts?
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