How Supermarkets Can Utilise A Loyalty Programme To Gain Customer Trust ๐ฅ
A pricing controversy has emerged in the supermarket business, centring on the loyalty programme strategies of retail giants Tesco and Sainsbury’s. This scenario prompts a closer examination of the challenges and controversies associated with loyalty pricing strategies. As we explore this landscape, we’ll uncover the nuanced…
How to Attract Top Pricing Specialists in a Tight Talent Market ๐
Did you know that the demand for pricing experts is outpacing supply, particularly in the insurance industry? As pricing roles become more complex, businesses now need professionals who can blend data science with traditional pricing skills. This skills gap is affecting industries everywhere, from insurance to…
How To Prepare For The Rise Of Supermarket Digital Price Tags ๐น๏ธ
Suppose your supermarket uses digital price tags that change prices in real-time. Youโre not just setting prices based on weekly promotions or sales anymore. Instead, you can adjust prices based on demand, stock levels, or time of dayโjust like that. But with these innovations come challenges.ย …
How Aftermarket Parts Companies Can Implement Dynamic Pricing ๐
Aftermarket parts pricing in the Industrial Equipment Industry could be a gold mine for manufacturers and distributors alike. Price optimisation, in particular, has really turned out to be a successful way for aftermarket distributors to maximise margins without sacrificing volume across thousands of part prices.ย One…
How Retail Supermarkets Can Avoid Fake Discounts Claims ๐
We are often drawn to those little signs saying โ50% off!โ or โPrices Dropped!โ like moths to a flame. But have you ever stopped and thought, โIs this discount real?โ Unfortunately, the answer is often not too simple. Just look at the recent cases against Coles…
