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Facing PIM Price Hikes? Explore Alternatives With PIM price hikes on the rise, it's essential to explore alternative solutions that offer both functionality and affordability. This article provides insights into navigating the evolving PIM landscape and finding the best fit for your business without compromising on quality. Read more about managing PIM costs: https://lnkd.in/d_JkebQa

Let's Tim it up! Topic: What is vs. What if Woulda, shoulda, coulda of--is not what you want to say when opportunities become available and no action is taken. Most SCM Professionals know where the opportunities exist; however, there are several reasons why they can't attack them. More often than not, there needs to be more resources or technology to achieve those hidden opportunities. I have been there, discussing with CFOs, Comptrollers, and Corporate Finance leaders, and they all want the same thing.............efficiency and accuracy in the processing of Purchase Orders, Compliance, and Exception management. It is easier said than done; it involves transactional processing, but installing processes to reduce the INRs, RNIs, and Pricing Exceptions and eliminate those root causes is even more challenging. Friends, these areas can tie up $millions in the system, and when these exceptions start stacking up, it is fast and feels like a never-ending challenge. Staying in front of this requires experience and technology. Fixing exceptions requires vast knowledge and quick actions to repair and pay invoices in the P2P process. 1. Coordinating with Finance (A/P) and Vendors is time-consuming 2. Distributors are slower in uploading new contract pricing = exceptions 3. Locally negotiated contracts require manual updates to ERP. 4. Checking your EDI provider is a daily requirement 5. Bill Only is a consistent source for exceptions One invoice could take days to repair, while more are stacking up. What is the solution? Let's schedule a discussion. Tim https://lnkd.in/e2Gbs5VW

How do you balance lost opportunities and stockouts? 1. Use the Critical Ratio: a. There is a sweet spot where holding costs out-weigh lost opportunity and margin. 2. Conduct ABC Analysis: a. Stockouts incur costs such as lost revenue, dissatisfied customers, rush orders, and damage to reputation and brand image. As such, service levels for "A" items should be weighted more than "C" items. 3. Implement an Emergency Response Plan: a. Before inventory levels drop below the threshold set by the above, develop contingency plans and emergency response protocols to address stockouts quickly and minimize their impact on customer service. #whatgoodlookslike #inventoryanalysis #inventorymanagement

Webinar countdown: 2 Weeks to go! On May 8th, our expert webinar on the topic, “The Best Practices of Applying Elasticity to your Price Strategy“ will be exploring: - How and when to use Price Elasticity? And when not to use it? - What are the minimal data requirements to implement Price Elasticity? - How to deal with economic situations, market circumstances and seasonality? - How tools can help you with Price Elasticity, - How to set up a good Elasticity experiment on your products. - How to evaluate and measure your success? - Lessons learned. If you haven’t registered yet, please feel free to apply now at our website: https://hubs.ly/Q02sQG8g0 #pricingwebinar #pricestrategy #priceelasticity

Of all the IT contracts awarded via a framework in 2023, 21% were awarded via G-Cloud 13. 🌐 📈 📊 Tussell’s new Market Share Analysis feature enables you to identify what share of your market each framework agreement unlocks. 💚 It also helps you to instantly find out what market share you, your competitors and partners hold in your niche. Click here to see what Tussell's Market Share Analysis tool enables you to do 👉 https://lnkd.in/eJpcNjaR #procurement #insights #businessdevelopment

Thank you to everyone who joined last week's webinar on Price Elasticity!   If you missed it or want to re-watch, find the full recording here: https://lnkd.in/d-nKCKb3   We also want you to take home our detailed guide on how to implement price elasticity right from the basics!   Understanding the ins and outs of price elasticity can help you make profitable pricing decisions going forward.   In this document, we explain price elasticity in-depth so you gain maximum clarity to get started!   #priceelasticity #optimalpricing #profitablepricing

Discover how market swings impact shipper-carrier relationships and learn strategies to maintain strong partnerships. Explore our expert insights. https://lnkd.in/eM4mGNiP

Today's tail spend could be tomorrow's cost savings! 💰 💰 💰 Imagine if you have hundreds (or thousands) of consultants hiding in tail spend - how can you manage your suppliers properly without this vital information? And that is why we classify 100% of the data!! ✅ Uncover your cost savings today >>> https://lnkd.in/dTph5bE Did you know we share monthly insights via our email newsletter? Become a TCG Subscriber today by going to our website.

Ditch your pricing spreadsh**t! Here is a 100% free tool to help calculate multi-year ROI on recurring products and services costs that scale with client projections. If you're grappling with the complexity of calculating recurring products or service pricing structures, you're not alone. It's a notorious headache for service providers to forecast the total cost of managed services and subscriptions that grow across multi-year engagements. But guess what? Those days are over. 😛 Introducing Estii's new variable pricing calculator. This nifty, free tool makes it easy to calculate recurring, variable product or service costs. And the best part? No need to log in or sign up to Estii. Drawing on some of the slickest features from the Estii platform, the calculator includes: ✅ Volume, tiered, and stepped per unit pricing models ✅ Customisable recurring pricing periods and durations ✅ Flexible volume adjustments based on min/max or CAGR projections And when you're done? Export your calculations to a spreadsheet or generate a reusable link to share with your team, ensuring seamless collaboration. Discover this gem on our website: https://lnkd.in/erumAWN2 #services #solutions #pricing #estimate #calculator #ROI #managedservices #recurringrevenue #pricingsoftware #pricingstrategy

By leveraging our experiment-led growth strategies, we helped Bombas achieve a significant uplift in conversions across logins and orders placed. See how we did it by reading the full case study ⬇️ https://lnkd.in/gCh5exuE