Summary Today’s distributors face ever-present challenges, marked by an extremely competitive market place. This text discusses their pricing challenges, and provides a view into industry best practices to overcome the obstacles. Introduction Legendary dynasties like Germany’s Fugger family built their fortunes in trade. They organised themselves in guilds like the “Hanse” of Northern Germany, whose…
New automated pricing tools and techniques are required to overcome what can be described as a “market-based pricing credibility gap.”
The other day, I had a very interesting conversation with one of our customers. They just completed a customer survey to help determine the core reasons their customers valued them as a supplier. Many items were listed – service level, relationships, ease of procurement, technology, price, market leadership, quality and much more. Price didn’t make…
John Salch recently posted a great blog about removing the boundaries of technology – allowing your sales force to use tools they are already comfortable with, yet still providing key information to make great pricing decisions. One of the most important pieces of information you can provide is knowledge about a specific customer, the product…
Nicolene Barnard says:
100% agree. Marco Bertini, Professor at London Business School will...
Marcel van Harrewijen says:
Totally agree! There are a lot of product managers who mistakenly...
Steve Sassi says:
Strongly agree! You cannot avoid the commodity trap unless you understand,...
Reno Koepp says:
A great article with many interesting examples of alternative and innovative...
What customers are looking for | kundennutzen says:
[...] often complain because their price is too high. But, according...
