Develops and implements pricing strategies to ensure competitive market dynamics and maximize revenue.
Requirements
- Thorough knowledge of principles, theories, and concepts in area of discipline.
- Competent in all job functions and has general understanding of the industry practices, techniques, and standards.
- Experience with Enterprise Resource Planning (ERP) systems.
- Analytical and problem-solving skills.
- Ability to work independently and exercise judgment and discretion.
- Collaboration and communication skills to work with management and team members within the department/function and other areas of the organization.
Responsibilities
- Analyzes prices in the external marketplace, such as competitor pricing, seasonal changes in pricing, discounting, customer’s willingness to pay, and overall consumer spending patterns.
- Verifies pricing and clears price-related blocks in the Enterprise Resource Planning (ERP) before generating delivery orders.
- Analyzes internal pricing models that consider product costs such as labor, materials, distribution, and contracts to evaluate prices against actual expenses and budgets.
- Evaluates opportunities to monetize products offered initially at little to no cost or to create upsell opportunities as products are repositioned in the marketplace.
- Projects impact of pricing changes, individual promotions, and rebate programs on revenue.
- Creates/administers pricing databases and coordinates implementation of pricing and delivery proposals across the organization.
- Maintains and drives trending knowledge of products, competitors, technology, and customers in the assigned supplier product market.
Other
- Typically 3+ years with bachelor's or equivalent.
- Bachelor's degree or equivalent experience from which comparable knowledge and job skills can be obtained.
- Generous Paid Time Off
- 401K and Pension Plan
- Paid Holidays
- Family Support (Paid Leave, Surrogacy, Adoption)
- Medical, Dental, Vision, and Life Insurance
- Long-term and Short-term Disability Insurance
- Health Savings Account / Flexible Spending Account
- Education Assistance
- Employee Development Resources
- Employee Wellness, Leadership Development and Mentorship Programs
