10 Solutions to Help Parcel and Freight Carriers to Recover and Strengthen. This research is based on interviews with carriers about their challenges and how they have been dealing with the current crisis.
Price is a key buying factor for telecom services. It communicates the value of your offer and creates a host of expectations about it. Indeed, pricing can make or break the success of a new product or service.
These models are more efficient in terms of time to quote and traceability of decisions as well as more precise than usual spreadsheet models based on average cost plus margin because they predict profitability by shipment and customer' willingness to pay.
Find out how market research and data science show that customers have different willingness to pay (WTP) and that many customers are more sensitive to value than price.
Sales teams often offer aggressive discounts to close contracts, resulting in an unnecessary dilution of margin. Conversely, some profitable deals are lost due to an inflexible application of the discount policy.
Dynamic pricing is relevant to optimise the utilisation of fixed capacity in situations of variable demand.
Its principle is simple: increase prices where/when demand is higher than capacity and use price incentives to increase demand where/when capacity utilisation is low.
In the digital age, data is ubiquitous, and everything changes very quickly. These mere observations lead to two imperative changes for pricing: speed and accuracy.
“Our sales executives have made significant changes in the way they work. They have gained commercial efficiency and approach negotiations with much more confidence.”