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Results: 237

The EPP Expert Board members read - and select - for you the ‘must’ read books, articles and whitepapers for pricing practitioners.  If you believe there is another reading that should be added to this list, please send to pva@pricingplatform.eu 


Economic Value Calculation

In this article, we contrast two fundamentally different approaches to using “value” to set price and determine pricing strategy.  In the first, customer value mapping (CVM), value is the perceived quality customers receive per unit of price. In other words, value is determined in part by price. In the second, economic value modeling (EVM), value is the economic savings and gains customers realize by buying the firm’s product instead of products from other competitive suppliers.
  • Author(s): Gerald E. Smith is chair of the marketing faculty at the Carroll School of Management, Boston College and Thomas T. Nagle is a member of MonitorDeloitte Group. 
  • Uploaded on: 17/08/2017
  • Content Type: Articles

Fundamentals of dynamic pricing model for car sharing and car rental businesses

Classic pricing research methods are based on the assumption that people always decide rationally. Nevertheless, a new pricing study conducted by Vocatus and IriS in six sectors and sixteen countries demonstrates that, depending on the product, people deal quite differently with the issue of price. Pricing psychology yields a total of five different consumer types who must accordingly be addressed in different ways
 
About the author :
Mobiag develops car sharing and car rental solutions - end mobile apps and website, backend business and fleet management software and hardware. We help car rental and car sharing companies effectively and efficiently implement their business models, manage their fleet and delight their customers
  
  • Author(s): Administrator
  • Uploaded on: 17/08/2017
  • Content Type: Articles

Customer-centred Pricing Strategy

Classic pricing research methods are based on the assumption that people always decide rationally. Nevertheless, a new pricing study conducted by Vocatus and IriS in six sectors and sixteen countries demonstrates that, depending on the product, people deal quite differently with the issue of price. Pricing psychology yields a total of five different consumer types who must accordingly be addressed in different ways
  • Author(s): Vocatus
  • Uploaded on: 17/08/2017
  • Content Type: Articles

Spare Parts Pricing Optimization

To contend with the unpredictable global economy, industrial manufacturers need a structured approach to spare parts pricing that takes into account material costs and competitive offers and applies analytics to uncover customer perceived value.
  • Author(s): Karthik Natarajan and Karthik Natarajan is a Consulting Manager - are Consulting Manager within Cognizant Business Consulting
  • Uploaded on: 17/08/2017
  • Content Type: Articles

How to Price Spare Parts More Profitably

The spare parts business provides a means to compensate for the shrinking margins in the new machinery business. Despite the high possible profit potential in spare parts business, many machinery and plant manufacturers determine the prices of parts on the basis of undifferentiated rules of thumb.

More sophisticated methods focus on value-based pricing while taking into account the specific characteristics of spare part pricing.

  • Author(s): Richard Zinoecker, Director at Simon-Kucher & Partners.
  • Uploaded on: 30/10/2017
  • Content Type: Articles

How to make after-sales services pay off

For many manufacturing companies, servicing products is an increasingly important part of the business.  Manufacturers of everything from elevators and freezers to security systems and transportation equipment—products built to last—find that revenues from after-sales product installation, configuration, maintenance, and repairs are 30 percent or more of their total revenues, and the proportion is increasing. In some industries, the serv ice market is four or five times larger than the market for products.
 
For more information, see Whitney L. Alexander, Sandeep Dayal, Jack J. Dempsey, and Jonathan D.Vander Ark, "
The secret life of factory service centers," The McKinsey Quarterly , 2002 Number 3, pp. 106–15.
  
  • Author(s): Russell Bundschuhis a principal and Ted Dezvane is an associate principal in McKinsey’s New Jersey office.
  • Uploaded on: 17/08/2017
  • Content Type: Articles

Global Pricing Strategies for Pharmaceutical Product Launches

This article provides a brief strategic overview of the types of constraints that manufacturers must overcome in order to implement a successful global product launch and determine the optimum price.
 
This article originally appeared in The Pharmaceutical Pricing Compendium—A Practical Guide to the Pricing and Reimbursement of Medicines.  Reprinted with the express permission of Urch Publishing who owns the copyright.
  • Author(s): Frederico Zornig
  • Uploaded on: 17/08/2017
  • Content Type: Articles