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 price negotiations


The Rise of Price Management
New analytical software tools have recently emerged to combine and condense a wealth of information that should give the salesperson a more definitive

price negotiations  Rise of Price Management The Rise of Price Management The previous note, The Case for Price Management , dealt with explaining the inadequacy of glorified price and discount list capabilities coming from traditional enterprise resource planning (ERP) and accounting back-office systems. Given the prospective upsurge of pricing solutions demand, and the fact that an increased focus on change management often leads to better results, many professional services firms have begun to focus on price management.

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Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

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Documents related to » price negotiations

How One Vendor Parlays Price Variation into Profit Improvement Opportunities


Rather than sticking to such outdated and speculative pricing practices as "cost plus" or "meet competition," Zilliant suggests companies leverage data to determine how market price response varies, and use this holistic measure of price sensitivity to optimize pricing.

price negotiations  One Vendor Parlays Price Variation into Profit Improvement Opportunities Zilliant is a data-driven price management software provider that aims to help business-to-business (B2B) companies maximize revenue and margins using advanced price segmentation, optimization, and execution capabilities. To learn more, please see part one of this series What if Companies Could Use Science to Align Prices to Market and Maximize Margins? The Pricing Challenges that B2B Participants Face In narrowing down the key Read More

Business-to-business Price Segmentation-Outlined and Explained


The central premise of price segmentation, especially in business-to-business environments, is that pricing should be consistent for similar deals. The process quantifies similarity by empirically determining which deal circumstances affect price response, enabling companies to benchmark prices against similar transactions.

price negotiations  to-business Price Segmentation-Outlined and Explained All companies— business-to-business (B2B) enterprises in particular—need a better way to align prices to different segments in the market to achieve their revenue and margin goals. Data-driven price segmentation, a science-based approach to price setting, could be the solution. To learn more, please see Know Thy Market Segment's Price Response and Advancing the Art of Pricing with Science . The process of price segmentation naturally starts Read More

How One Provider's Solution Covers the Bases of Price Optimization and Management


What are the solutions that enable Zilliant's customers to gain a better understanding of their markets' price response and translate this into more profitable pricing? Zilliant Precision Pricing Suite encompasses distinct solutions geared for each step of the pricing process.

price negotiations  group, as determined by price segmentation. One benefit is that bad deals no longer slip through unnoticed. Another is that more effective quoting and negotiations that will increase the margins of good deals, all while improving the efficiency and consistency of the associated processes, are encouraged. Finally, ZPPS Deal Manager enhances the customer relationship life cycle beyond initial negotiations via agreement compliance monitoring to follow-on orders and contract renewal support. Like its Read More

Two Vendor Execs Discuss the Current B2B Pricing Market (and its Future)


Why are some companies still managing their prices with spreadsheets—and leaving their single most important profit lever to such inadequate if not harmful practices? TEC principal analyst P.J. Jakovljevic finds out and sits down with two vendor execs to see how B2B pricing software allows companies to detect profit anomalies and take rapid pricing actions, increasing their revenues and profits and gaining business agility.

price negotiations  from higher-than-average prices, higher price capture in negotiations, and faster sales cycles. (For more information on LeveragePoint, see TEC’s recent blog post .) The discussion that follows involves Tim Girgenti of PROS and Steven Forth of LeveragePoint. Tim Girgenti serves as chief marketing officer (CMO) at PROS, leading its global marketing teams focused on PROS manufacturing, distribution, and services markets. Girgenti brings to PROS a wealth of experience in creating and leading revenue Read More

Pricing for Profit in the Hotel Industry: Empowering Pricing Managers for Greater Bottom-line Impact with Improved Market Price Intelligence


Competitive pricing, and its impact on revenue, is a mainstay of marketing in the highly-competitive hotel industry. The real-time nature of the Internet means that sales, pricing, and revenue managers must abandon inward-looking cost-plus pricing models in favor of more rigorous outward-focused knowledge-based strategies. A system that provides market intelligence data creates important advantages for pricing managers.

price negotiations  Impact with Improved Market Price Intelligence Competitive pricing, and its impact on revenue, is a mainstay of marketing in the highly-competitive hotel industry. The real-time nature of the Internet means that sales, pricing, and revenue managers must abandon inward-looking cost-plus pricing models in favor of more rigorous outward-focused knowledge-based strategies. A system that provides market intelligence data creates important advantages for pricing managers. BEGINLYX Read More

Asset Management with the British Standards Institute's PAS 55


In this white paper, Kevin Price, Senior Product Manager, Infor EAM, looks at how the British Standards Institute’s (BSI) PAS 55 is helping organizations across the world to improve risk management, compliance and customer satisfaction in asset management.

price negotiations  this white paper, Kevin Price, Senior Product Manager, Infor EAM, looks at how the British Standards Institute’s (BSI) PAS 55 is helping organizations across the world to improve risk management, compliance and customer satisfaction in asset management. Read More

Seven Magic Questions: How to Improve Your Win Ratio by Selling Value Instead of Price


There are many consultative sales methods. Each has unique strengths and techniques, but they all try to focus on what matters to the customer. To improve your win ratio, there are seven questions you must first be able to answer.

price negotiations  Selling Value Instead of Price There are lots of consultative sales methods around. You may have been trained in one, or read a book about one that you particularly like. Each has its unique strengths and techniques. But they all have at least one thing in common. They try to get sales people to focus on what matters to the customer. You build sales momentum by demonstrating that you are delivering an important solution to an important problem. That is the essence of all these consultative methodologies. Read More

Winning supply chain strategies for the electrical products industry


Despite intense price competition for its volume products, the electrical products industry remains healthy and dynamic. World-class companies are succeeding by marketing innovative products, scaling up and outsourcing production, expanding into new geographic areas, implementing more efficient business systems, and focusing on ever-closer relationships with suppliers, partners, and customers. This white paper explores the issues of manufacturers, wholesalers, and distributors and the current state and future of the industry. Industry specific technological are also discussed.

price negotiations  products industry Despite intense price competition for its volume products, the electrical products industry remains healthy and dynamic. World-class companies are succeeding by marketing innovative products, scaling up and outsourcing production, expanding into new geographic areas, implementing more efficient business systems, and focusing on ever-closer relationships with suppliers, partners, and customers. This white paper explores the issues of manufacturers, wholesalers, and distributors and the Read More

Benefits of On-demand CRM over Traditional Installed-On-Premise CRM Software Solutions


The high price and complexity of traditional, installed, on-premise enterprise software has left small and medium businesses (SMB) unable to obtain true integrated customer relationship management (CRM) and enterprise resource planning (ERP) software. On-demand, software as a service is changing all that. The lower costs and the short implementation period for an on-demand customer relationship management solutions make it lucrative for smaller businesses.

price negotiations  Software Solutions The high price and complexity of traditional, installed, on-premise enterprise software has left small and medium businesses (SMB) unable to obtain true integrated customer relationship management (CRM) and enterprise resource planning (ERP) software. On-demand, software as a service is changing all that. The lower costs and the short implementation period for an on-demand customer relationship management solutions make it lucrative for smaller businesses. Read More

So What's the Bottom Line on Price Segmentation?


Data-driven, science-based price management is an emerging market. Therefore, vendors should be made to prove whether and how they can enable a company to achieve and measure margin lift, or return on investment, of their price management applications.

price negotiations  the Bottom Line on Price Segmentation? The core principle of price segmentation is that pricing should be consistent for deals with similar attributes, particularly in business-to-business (B2B) enterprises. Price segmentation is a process that quantifies similarities by empirically determining which deal circumstances affect price response. To learn more about price segmentation, please see Know Thy Market Segment's Price Response , Advancing the Art of Pricing with Science , and Price Read More

Vistaar Announces Record Year


While the jury is still out on whether the price management software market is lucrative and blossoming, at least price management solutions provider Vistaar Technologies recently announced that it closed 2012 with record customer growth and expanded implementations. Vistaar’s continued leadership in the beverage alcohol industry, with a strong presence in spirits, was marked by expansion into the

price negotiations  out on whether the price management software market is lucrative and blossoming, at least price management solutions provider Vistaar Technologies recently announced that it  closed 2012 with record customer growth  and expanded implementations. Vistaar’s continued leadership in the beverage alcohol industry, with a strong presence in spirits , was marked by expansion into the wine and distribution markets. Moreover, one of its most significant 2012 wins was with GE Energy Management , which designs Read More

FPX


FPX, a minority-owned company, provides multi-tenant, on-demand configure-price-quote applications designed to automate product pricing and configuration. FPX is headquartered in Mankato, Minnesota (US), with regional offices around the US, and international offices in Hong Kong and London (UK).

price negotiations  provides multi-tenant, on-demand configure-price-quote applications designed to automate product pricing and configuration. FPX is headquartered in Mankato, Minnesota (US), with regional offices around the US, and international offices in Hong Kong and London (UK). Read More

Growth and Complexity: The Challenges Ahead for Midsize Manufacturers


Most midsize manufacturers are as capital-intensive and as subject to global cost and price pressures as large companies—yet they lack the resources to exploit revenue and sourcing opportunities around the globe. However, many midsize manufacturers are optimistic about growth prospects in spite of rising costs and downward price pressure, according to a recent study. Find out how they plan to overcome these challenges.

price negotiations  to global cost and price pressures as large companies—yet they lack the resources to exploit revenue and sourcing opportunities around the globe. However, many midsize manufacturers are optimistic about growth prospects in spite of rising costs and downward price pressure, according to a recent study. Find out how they plan to overcome these challenges. Read More

User Recommendations for Pricing Management


Price management might improve revenue (by a few percent) and gross margin (even by an umpteen percent), but the truly amazing benefits should only come when price management is integrated with appropriate cost information and demand management.

price negotiations  growing demands of the price management market, SAP has entered another partnership, this time with Vendavo . The benefits SAP will gain from this partnership are similar to those previously held by SAP—which have often resulted SAP acquiring its partner. Past partnerships-turned-acquisition have included TopTier and TopManage for a portal and small business applications, respectively (see SAP Acquires TopTier to Further Broaden Its Horizons ); A2i for product content management (PCM) and master data Read More