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WHAT WORKS
Follow these principles to deliver consistent
and sustainable pricing results
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Pricing only works top-down: C-suite ownership of a pricing EBIT target is required for success
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No facts, no action: Nothing accelerates action like readily available profit
and performance trends by customer, product and SKU
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Nibble, don’t bite: Small price increases minimize lost sales and grow revenue
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Roll out division-by-division: Adapt processes and drive change one sales force at a time
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Negotiation plans pay: Set goals and develop written negotiation plans before initiating contract discussions with large customers
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Measure execution: Track timelines, customer notifications, price updates, customer feedback, negotiation budget and target forecast
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Plan and execute each year: An annual cadence sustains momentum, embeds processes and maximizes cumulative results
Go to:
Insights and strategy are important, but execution
is what delivers results
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