Conventional wisdom would suggest that pricing, as a key component of a business’s financial performance, is a critically important discipline within any enterprise, touching many departments, from sales and marketing to finance. And yet, does anyone know whether their company is making the best pricing decisions? TEC Principal Analyst P.J. Jakovljevic is encouraged by the growing awareness and adoption of pricing technologies among B2B enterprises.
pocket price, and total cost of sales. As a result of the analytics, enterprises are able to do the following: Proactively monitor pricing performance and market conditions Determine how individual customers contribute to overall revenue and profitability More accurately understand transaction economics, including the impact of discounts, rebates, allowances, shipping terms, payment terms, replacement costs, and other factors that can influence the profitability of a transaction Identify and understand