Every night before I put my six-year-old to bed, I have to make sure the closet door is closed. My son is scared to death of any monsters that might be lurking in his closet. Figuratively speaking, customers I talk to are scared of “monsters” in their closets but in their case, it’s very low…
In my last blog – “3 Best Practices for Revving Your Rebates” – I suggested several steps you and your organization can take to control your rebate management process. These steps will most likely involve change management and the adoption of new technologies. And as we all know, change – particularly when it involves new…
While some companies have nailed the rebate process, we find – more often than not – that in many organizations it’s still manual. In turn, this lack of automation leads to errors and an inefficient use of resources. Candidly, it’s not a surprise that most companies recognize they’ve got a problem. Rebates are typically a…
This is the first post in a three-part series about how companies can gain control of their rebate programs. Many manufacturing companies I speak with use rebates during contract negotiations to meet customer price expectations, and drive revenue and volume goals. Unfortunately, the impact of rebates on their business is not well understood. When I…
Most every sale rep has heard that phrase, “Just meet your competitor’s price point and the business is yours.” One could discuss for hours how and why the sale rep has gotten himself in this position but we’ll leave that for another blog post. Clearly the negotiation has broken down at this point, and closing…
We often hear from customers that one of their concerns is increased price transparency. It certainly is troubling when a company’s pricing isn’t completely defensible: The lower the defensibility, the greater the fear of price transparency. Most transparency risks are local, though in some cases it can be regional. As a result, the transparency damage can be…
One of the biggest challenges for pricing professionals – especially those who work for technology companies – is the lack of control over a coherent pricing strategy. At PROS, we see quite a few technology companies experiencing accelerated price erosion among their products, primarily due primarily to shorter product lifecycles, an ever-more sophisticated buyer, and…
Pol Vanaerde says:
Congrats to both teams !
Partnerships like these, based on a...
Steve Sassi says:
A great way to understand the value you're delivering to your...
Jacqueline Davis says:
Hi Siva,
Thanks! I couldn’t agree with you more on the...
Jacqueline Davis says:
Hi Rikhath,
The question of why your company needs a pricing team...
Siva Ram Yellapragada says:
Simply awesome !!
We have a strong pricing team in our global...
