By Gabriel Smith, chief evangelist at Pricefx
Eliminating pricing waste: Overall Pricing Effectiveness (OPE)
There is an even more effective means to improve profitability than variable cost reduction.
In fact, according to many studies, improving variable cost typically results in a <8 per cent improvement in profitability whereas improving price results in an >11 per cent improvement in operating profit. [Read more…] about Automation 2020: Manufacturers Adopt Overall Pricing Effectiveness