Find Out What Is Price Governance Model
A Good Price Governance Model Ensures Pricing Excellence In Your Organisation
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Learn About The Pillars Of Best-In-Class Price Governance Model
One of the foundations of pricing excellence is pricing governance.
Your governance model must include all key aspects of a fair pricing policy, such as roles and responsibilities, decision-making authority, price-setting processes, data IT processes, workflows, implementation, and discount sign-off procedures, among other things.
Price governance is what really brings your pricing policy to life. As you might expect, price governance is a complex system with many moving parts. It entails management, the pricing team, and key stakeholders reaching an agreement on a fair pricing policy.
We created this infographic to help you understand what makes an effective model. Which parts of your development process are not doing you any good? Learn more about the mistakes you should avoid to effectively plan your next pricing breakthrough.
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