According to QueBIT pricing experts, Dallas Crawford and Dan Barrett, researching the perceived barriers to price alignment automation, most industrial business decision-makers feared an extensive implementation time, complexity, and significant costs. New solutions, such as QueBIT PriceAlign, overcome those concerns offering an automated pricing alignment technology which can be implemented cost-effectively in just weeks.
Delivering significant improvements in revenue and margin by providing a clear, guided user experience (via insightful dashboards and comprehensive pricing science) means hundreds of manufacturing companies in Q3 and Q4 2020 will ensure pricing execution remains aligned with strategic objectives.
Crawford insisted that price aligning with data analytics can be done readily in real-time. The ability to concentrate on high and low volumes that fall outside a normal distribution of trend or seasonality can inform where margin opportunities exist. This is particularly valuable during the pandemic where buying patterns are in greater flux.
Barrett is convinced while the pandemic is an important driver for price aligning, it remains just one factor impacting manufacturers on the demand and supply side.
Manufacturing journalist TR Cutler interviewed Crawford and Barrett for the recent issue of Manufacturing Outlook ezine. Read the article here.
Jacket Media is the parent company of Manufacturing Outlook e-zine. The publication highlights current manufacturing trends.
QueBIT PriceAlign enables robust management of pricing strategies, while eliminating implementation time, complexity, and costs typically found in other pricing solutions. PriceAlign delivers significant improvements in revenue and margin by providing a clear, guided user experience via insightful dashboards and comprehensive pricing science. The ease of setting and managing pricing boundaries sets this solution apart.
PriceAlign delivers significant efficiencies for any organization using simple rules or trial-and-error methods to derive prices, especially if corporate objectives include adjusting and maintaining prices at the most granular level. This best-in-class solution allows customers to maximize margins, retain customers, and grow market share through optimal pricing strategies including:
- Cost Plus
- Competition
- Value-based pricing
- Dynamic Pricing
- Price Elasticity
PriceAlign gives customers enterprise-wide control of the entire pricing process by raising pricing strategies to new levels of sophistication. Through rapid deployment, customers achieve dynamic pricing based on a variety of factors and understand price elasticity across different products or regions. The recent global pandemic has clearly demonstrated the need and benefit of rapidly adjusting prices down to the most detailed levels and market conditions.
Follow QueBIT PriceAlign on Twitter at @AskQueBIT and connect on LinkedIn.
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Company Name: QueBIT
Contact Person: Jennifer Field
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Phone: 914-329-4745
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City: Scarsdale
State: NY
Country: United States
Website: https://quebit.com/predictive-price-optimization/
