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pricing

Factors to consider when choosing the pricing model in the IT business

June 20, 2022 by David Edwards Leave a Comment

In the development of websites and other IT products, it is important to immediately choose the form of pricing and the type of interaction with contractors that meets the needs of the project.

For example, Agile, due to its flexibility, is suitable for startups, and a dedicated IT team, which takes into account the salary of employees and administrative costs in the price, is suitable for large companies.

In this article, we will consider the most popular pricing models. You will understand their advantages and disadvantages, as well as determine which model will be suitable for your field of activity. [Read more…] about Factors to consider when choosing the pricing model in the IT business

Filed Under: Computing Tagged With: account, agile, company, customer, dedicated, fixed, method, model, price, pricing, product, project, projects, suitable, team, time, TM, work

Automation and the Fashion Industry: A Quiet Revolution

June 8, 2021 by Mark Allinson Leave a Comment

Many believe that we have recently entered the Fourth Industrial Revolution, which is characterized by new modes of design, production and marketing. Being one of the world’s largest and most innovative industries, fashion is at the center stage of this shake-up.

This is not surprising, since fashion is big business. In the UK, for example, the fashion industry is valued at £26 billion, making it the country’s biggest creative industry.

From algorithms that detect what we will be wearing next season to targeted pricing, here are just a few ways automation technology is transforming the fashion industry. [Read more…] about Automation and the Fashion Industry: A Quiet Revolution

Filed Under: Business, Features Tagged With: ai, algorithms, analyze, analyzing, automation, behavior, clothing, customer, cuts, fashion, help, industry, inventory, market, marketing, predict, pricing, product, products, retailers, season, sells, specific, trends, winter

Important 2020 Trend: Price Alignment Automation

July 19, 2020 by David Edwards Leave a Comment

By Thomas R. Cutler

Automation solutions have been adapted and adjusted promoting the ease of setting and managing pricing boundaries for manufacturers.

When corporate objectives include rapidly and repeatedly adjusting prices at the most granular level, automation must be designed to alleviate the pain by using simple rules to derive prices.

Previously, most industrial business decision-makers feared an extensive implementation time, complexity, and significant costs for pricing technology. [Read more…] about Important 2020 Trend: Price Alignment Automation

Filed Under: Computing, Features Tagged With: analytics, automation, data, manufacturers, manufacturing, price, pricing

Blue Yonder and Uber Freight partner to develop ‘dynamic pricing discovery solution’

July 10, 2020 by David Edwards Leave a Comment

Blue Yonder and Uber Freight have agreed a partnership designed to help businesses build efficient and transparent global supply chains at a crucial time.

Digital transformation initiatives have accelerated over the last few months, as enterprises that ship goods embrace flexible operations to keep up with shifting demand.

Quickly recovering from supply shortages and creating a resilient business for the long term requires a well-managed, digitized supply chain, including freight transportation. [Read more…] about Blue Yonder and Uber Freight partner to develop ‘dynamic pricing discovery solution’

Filed Under: Logistics, News Tagged With: blue, business, businesses, dynamic, freight, pricing, real-time, solution, supply, transportation, uber, yonder

Automation Drives COGS Reduction for Small and Mid-sized Manufacturers

January 20, 2020 by David Edwards Leave a Comment

By Mike Franz, founder and creator of the WorkCenter from ManufacturingPower

Automated access to summary cost and margin information for each SKU delivers light SaaS “MRO/tail-spend” price transparency, returning a minimum 11-14 COGS (cost of goods sold) reduction to the bottom line.

Every manufacturer must pay attention to costs and competitors’ pricing. For better or worse, purchasing professionals are rewarded for capturing the lowest price; few have the time to scour the internet for ever RFQ to see if the bid offered is indeed competitive. Measuring value with price experiments is not realistic.

Full-time competitive pricing professionals could work 24/7 to generate statistically valid and accurate data. For the small and mid-sized manufacturer, the solution is to automate price comparison functionality. Until recently this was prohibitively expensive and often too complex. Automating costs and competitive prices can be achieved in a $5,000 per year SaaS solution. [Read more…] about Automation Drives COGS Reduction for Small and Mid-sized Manufacturers

Filed Under: Computing, Features, Promoted Tagged With: automated, automating, competitive, competitors, cost, costs, critical, data, decisions, manufacturers, manufacturingpower, mid-sized, price, prices, pricing, product, purchasing, real-time, scraping, small, solution

Automation 2020: Manufacturers Adopt Overall Pricing Effectiveness

November 13, 2019 by David Edwards 1 Comment

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

Filed Under: Features, Industry, Promoted Tagged With: automation, customer, effectiveness, gabriel, managing, manufacturers, manufacturing, ope, optimized, price, pricefx, pricing, smith

AI driving actionable sales intelligence in manufacturing

June 3, 2019 by David Edwards

By Barrett Thompson, Zilliant Business Solutions

The manufacturing plant floor has been automated and optimized for years; yet revenue and profit growth remain stagnant.

Seemingly everything has been process-improved with lean manufacturing principles; however, the cost of doing business remains high and the C-Suite continues its demands for an increase in revenue per transaction and gross margins.

Two functions at manufacturing organizations are prime for process improvement:

  • selling; and
  • pricing.

A closer look at the selling function reveals that despite reducing labor costs via transformational automation solutions, sales teams still manage large, antiquated portfolios. They are expected to increase their book of business while retaining current customers. [Read more…] about AI driving actionable sales intelligence in manufacturing

Filed Under: Computing, Features, Promoted Tagged With: accounts, actionable, automated, business, cost, customer, customers, intelligence, management, managers, manufacturing, optimization, price, pricing, revenue, sales, selling, solutions, teams, tools, zilliant business solutions

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ai applications automated automation automotive autonomous business china companies company control customers data design development digital electric global industrial industry logistics machine manufacturing market mobile operations platform process production robot robotic robotics robots safety software solution solutions system systems technologies technology time vehicle vehicles warehouse

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Latest news

  • Scythe Robotics secures $42 million new financing to accelerate production of zero-emissions autonomous mower
  • Mining robotics company Nabors acquires digital twin developer MindMesh
  • Lockheed Martin Ventures invests in on-demand manufacturing startup Machina Labs
  • Unlocking the Benefits of Static Residential Proxies for the AI revolution
  • 2023 Predictions & Forecasts: Five challenges for warehouse management, according to AutoStore
  • Mercedes-Benz becomes ‘world’s first’ automotive company to certify SAE Level 3 system for US market
  • Universal Robots reports record annual revenue of $326 million
  • Berkshire Grey and Locus Robotics combine to offer ‘industry-first’ cross-platform robotic automation
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