At Kasei Consulting Group, we fully understand the complexity of pricing. We’re here to turn our expertise into your success, combining traditional wisdom with forward-thinking methodologies to take your turnover and profit margin to the next level.
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Designing a successful pricing program
1. Identify current issues
Analyze and evaluate current performance
• Gather information through
• Interviews
• Focus groups and workshops
• Questionnaires
• Focus on
• value for customers
• how work is done rather than just the product
• flow
• Value Stream Mapping
• Gap analysis
• Root cause analysis
Management review
Define strategic intent
• Performance objectives
• Pricing policies
• Nature of demand
• Resource capabilities
• Market requirements
• Process design
Kasei Consulting Group
Tomorrow’s pricing excellence… begins today
Designing a successful pricing program
2. Implementation
Project Life Cycle management
• Concept
• Definition
• Implementation
• Handover and closeout
• Operations
• Termination
Pricing models
Price setting methods
• Cost-based pricing
• Competition-based pricing
• Value-based pricing
• Dynamic pricing
• List pricing
People and performance
Sales force management
• Organizational context
• Performance management
• Reward and remuneration
• Training and development
• Work definition and capabilities
• Resourcing
Economic analysis
Key elements of pricing decisions
• Demand
• Supply
• Capacity
• Sales
• Costs
• Financial analysis
• Economic Value Analysis
• Competitive analysis
3. Price differentiation
Segmentation, targeting, positioning
• Identify variables that allow the market to be
segmented
• Evaluate the attractiveness of each segment and
choose target segments
• Identify positioning concepts for each target
segment, select the best, communicate.
Marketing Research
Value exploration and customer
insight
• Experience curves
• Individual choice models
• Dynamics of evolution of demand
over time
• Static and dynamic models of
pricing
• Price discounts
• Behavioral considerations
• Interactions of price and other
marketing mix variables
• Product line pricing
• Pricing across a marketing
channels.
Communication
Value and price communication
• Technical issues
• how accurately can the
message be transferred?
• Semantic issues
• How exact can the message
be expressed?
• Efficiency issues
• How effectively can the
message affect behavior?
• Roles and responsibilities
Planning and control
Price control and discount management
• Discount strategies
• Price waterfalls
• Reporting systems
• Price monitoring systems
• Risk evaluation and management
• Quality management
• Balanced Score Card
4. Results
Designed a detailed and successful pricing program.
Tailored pricing processes to maintain a long lasting internal effect.
Uncovered opportunities in current staffing, processes, data, models, mindsets, and systems.
Extracted value in current and potential capabilities within the company and its markets.
Identified key management issues, key information issues, and key directional modeling issues.
Created sustainable long-term solutions in strategy, processes, and systems.
Provided data mining, predictive modeling, and optimization.
Significantly increased revenue and profit.
Kasei Consulting Group
• Tomorrow’s pricing excellence… begins today
Kasei Consulting Group
Call +45 9395 8400 today to find out more about
what our unique analysis and strategy tool can do
for you.
Designing a successful pricing program