Tag: PPS

By Admin 2024/11/16 0 Comments Read More →

Webinar (On-Demand): Machine Learning & Data - The Latest Pricing Opportunity | PPS and Vistaar

In today’s ever-evolving world, data and software driven strategies are imperative to creating sustained commercial success. Computers are more adept than humans at sorting through data with complex variables such as frequently fluctuating costs, rapidly evolving pricing models, and shifting customer priorities. Modern pricing software solutions, powered by advanced algorithms and machine learning techniques, enable […]

Posted in: Documentation Tags: Artificial Intelligence, commodity pricing, Event, events, machine learning, PPS, Price Management, Price optimization, Pricing Analytics, Pricing Organization, Pricing Science, Pricing Team, Pricing Technology, Training, Vistaar, webcast, Willingness to Pay

By Admin 2024/09/11 0 Comments Read More →

AI & Machine Learning in the Pricing World | Pricing Matters

In today’s fast-paced world, rapidly evolving data and software driven strategies are imperative to creating sustained commercial pricing success. Good processes and experienced personnel alone are no longer enough. It is nearly impossible to rely on spreadsheets, custom software tools, and empirical observation to properly manage the complexity of becoming a “data-driven” pricing organization. That’s […]

Posted in: Documentation Tags: Artificial Intelligence, machine learning, PPS, Price Management, Price optimization, Pricing Analytics, Pricing Science, Pricing Technology, tariff management, Training, Vistaar, Willingness to Pay

By Admin 2024/08/29 0 Comments Read More →

The Pricer’s Four-Step Guide to Tariff Response | Pricing Matters

With the latest round of tariffs going into effect last Thursday, many companies are turning to their finance and pricing teams to provide a strategic response that maintains profitability without disrupting demand. To help navigate the complexities of tariffs, Vistaar has put together a four-step guide that allows finance and pricing teams to be nimble, […]

By Admin 2024/08/17 0 Comments Read More →

How Well Does Your Pricing Organization Learn From the Field? | Pricing Matters

Unlock latent potential with price experimentation With every price quote or posted price, there is an opportunity to learn about the market, and in turn, improve pricing. Yet, a tremendous amount of the information is not captured, systemized or utilized, neither by people in pricing nor the algorithms they employ. The potential in learning from […]

Posted in: Documentation Tags: Artificial Intelligence, commodity pricing, machine learning, PPS, Price Management, Price optimization, Pricing Analytics, Pricing Organization, Pricing Science, Pricing Team, Pricing Technology, Vistaar, Willingness to Pay

By Admin 2024/07/10 0 Comments Read More →

Tariffs: Fighter Pilot Strategies Businesses Can’t Afford to Ignore | Pricing Matters

Modern pricing software easily simulates the margin or revenue impact of any potential price changes so that pricing managers and leadership can decide based on expected impact as opposed to hoping for the results. Manipulating multiple spreadsheets to calculate potential price impact outcomes is not only frustrating but increases the risk of inaccuracy for every […]

By Admin 2024/05/18 0 Comments Read More →

Behavioral Economics Powered by Machine Learning and AI Techniques | Pricing Matters

There is a growing focus among pricing practitioners to use price science to drive pricing decisions. It’s a fabulous trend with many recent innovations in the use of advanced techniques such as machine learning and AI. It is important however to consider behavioral economics because our economic decision making is often shockingly irrational. Naturally, we […]

By Admin 2024/04/30 0 Comments Read More →

Can Tariffs Disrupt Your Pricing Strategy? Short answer: YES! | Paul Greifenberger

Commodity market fluctuations that whipsaw product margins are a persistent downstream pricing challenge. Should you take price now, incrementally, or eat the cost change? What will your competitors do? How many times can you change customer pricing this year? Get it right or you risk locking your margins into that corporate “unhappy place.” If you’ve […]

Posted in: Documentation Tags: Artificial Intelligence, machine learning, PPS, Price Management, Price optimization, Price Setting, Pricing Analytics, Pricing Science, Pricing Technology, tariff management, Vistaar

By Admin 2024/04/26 0 Comments Read More →

Pricing: Does Fortune Favor the Bold or the Prepared? | Paul Greifenberger

With every sales bid, there are new data that can be used to improve pricing. Yet, much of this potential remains untapped. Why? Because data gaps and uncontrolled sales cycle data variables are significant roadblocks. Find out how Vistaar’s leading edge pricing practices and price science techniques can help you overcome the roadblocks. It’s worth the effort because […]

Posted in: Documentation Tags: AI, Artificial Intelligence, machine learning, PPS, Pricing Analytics, Pricing Science, Pricing Technology, Vistaar

By Admin 2024/04/23 0 Comments Read More →

Machine Learning—a “Next Level” Pricing Element | Paul Greifenberger

For a pricing strategy to be truly successful, it must be a “win-win-win” for sales, marketing, and finance. This calls for a revenue and margin balancing act consistently performed over time. Vistaar’s SmartQuote pricing software enables pricing strategies and tactics to efficiently and rapidly adapt as market conditions change. SmartQuote is powered by advanced machine learning techniques […]