Pricing Operations is very under appreciated.
I discussed the importance of pricing strategy for a company to grow sustainably. However a good strategy cannot be executed without strong operations.
Pricing Operations involves:
Ensuring that the price is loaded into the ERPs
Creating price sheets on a monthly basis
Price reporting
Direct-to-consumer or online price publications
We lose price if any of these are not done correctly. As a result, we are not capturing all the price we can, leaving money on the table.
In addition, we create a bad customer/consumer experience by not having the right information in a timely manner.
It is our focus at PriceOps to help you establish a world-class pricing organization. Get in touch with us to find out how we can help.