This podcast discusses a new book on retail pricing by the CEO of RapidPricer, covering analytics-based approaches, target audience, regional relevance, and the application of retail pricing concepts to B2B pricing. They also explore available pricing resources and alternative sources for knowledge on pricing.
The book offers valuable insights and strategies for optimizing pricing and maximizing margins in the retail industry.
The importance of automation and algorithms in streamlining the pricing process is emphasized.
Deep dives
The book 'The Expert Guide to Retail Pricing' provides an analytics-based approach to maximizing margins for retailers
In this podcast episode, Kieran Gange, CEO and founder of RapidPricer, discusses his new book, 'The Expert Guide to Retail Pricing'. The book offers pricing professionals in the retail industry, including pricing analysts, category managers, and directors/VPs of merchandising, valuable insights and strategies for optimizing pricing and maximizing margins. Gange draws upon his 18 years of experience in retail pricing and highlights the recurring challenges faced by retailers worldwide, such as data collection, strategy formulation, and pricing optimization. He also emphasizes the importance of automation and algorithms in streamlining the pricing process. While the book primarily focuses on retail pricing, it also contains elements relevant to B2B pricing, albeit with potential modifications. Readers can expect to gain knowledge on strategic frameworks, measuring pricing results, and effectively responding to competition.
The book serves as a comprehensive resource for pricing professionals worldwide
In addition to discussing the content of the book, Gange shares his motivation behind writing it and his favorite chapters. He highlights the base pricing chapter as the crux of the book, where the concepts and strategies come together to generate impactful results for retailers. Gange also appreciates the conclusion chapter, which explores future possibilities. In terms of additional resources for learning about pricing through a scientific approach, Gange mentions the scarcity of books on this subject but recommends blogs, articles, and the content provided by the Professional Pricing Society. To access the book, readers can find it on various platforms, including Amazon and Barnes & Noble.
This conversation sheds light on a new book by the CEO and Founder of Rapid Pricer, Kiran Gange, and is centered around analytics based pricing approaches for maximizing margins for retailers.
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