Let's Talk Pricing Podcast
Let's Talk Pricing Podcast
The Professional Pricing Society
Close the Pricing-Rebate Management Loop
12 minutes Posted Sep 24, 2020 at 5:31 pm.
0:00
12:43
Download MP3
Show notes
Most pricing professionals agree that they are not using rebates effectively, because it makes their pricing strategy overly complex and the permutations and combinations on rebates themselves become unmanageable. Simple questions such as, what rebate is a customer eligible for – or is likely to become eligible for – based on their performance, in a month, quarter, or year –are all too hard to answer. Enter- Machine learning. When pricing and rebate management processes are seamless and intelligent, rebate offers can become increasingly sophisticated, deal margin visibility will improve, and corporate financial proformas will become more accurate.