The Power of Pricing
Research shows that on average a 1% improvement in price can deliver a 12% improvement in net profit. This may seem an obvious observation, but few companies truly manage and exploit price as a powerful profit lever.
Most organisations acknowledge the strategic importance of pricing and its impact on the bottom line but few have coordinated pricing processes that can make a real difference to performance.
We work with organisations to help them understand the fundamentals of successful and profitable pricing to deliver more effective pricing. Our established Pricing practice has become the UK arm of International Pricing Consultants, Pricing Solutions and the UK company is a joint venture between Bellis-Jones Hill and Pricing Solutions and part of the Bellis-Jones Hill Group.
Pricing Solutions Ltd is an international advisory firm dedicated to helping clients achieve world class pricing competency. Pricing Solutions was founded in 1993 and since its inception has become one of the world's leading pricing consultancies. Pricing Solutions has completed hundreds of pricing engagements and has built its practice through building long-term relationships with clients. Pricing Solutions also works across many different industries as this enables the company to focus on pricing excellence and to cross-pollinate good ideas that emerge from various sectors.
To find out more about how to get more value from your pricing, download the pdf "Get more value from your Pricing" shown to the right
The Pricing Diagnostic
The Pricing Diagnostic is typically the beginning of our pricing management work with a new client.
It serves several important purposes:
- To assess all relevant aspects of the current pricing processes
- Gain alignment internally as to the opportunities for improvement that exist
- To separate the "low hanging fruit" opportunities from those that are more difficult to capture
- To quantify the financial opportunity for making pricing improvements
- To establish a vision and the steps for achieving best in class pricing management process
You can download our Pricing Diagnostic brochure shown to the right
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