Six Sigma Pricing: Improving Pricing Oper... - ManMohan S. Sodhi & Navdeep S. Sodhi

Six Sigma Pricing: Improving Pricing Oper...

By ManMohan S. Sodhi & Navdeep S. Sodhi

  • Release Date: 2007-09-17
  • Genre: Management & Leadership
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Six Sigma Pricing: Improving Pricing Oper... ManMohan S. Sodhi & Navdeep S. Sodhi Book Review Score: ★★★★★ 5/5 stars

This is the eBook version of the printed book.

Apply Six Sigma to Your #1 Business Challenge: Pricing

Many companies have developed solid sales strategies– but without equally good pricing operations, those strategies alone will not add a dime to the bottom line.

The goal of pricing operations is to consistently control price deviations in transactions and contracts over time and across customer segments. This goal of ensuring the prices are not too low or too high in different transactions relative to guidelines lends itself perfectly to Six Sigma. Using the authors’ breakthrough Six Sigma-based approach, you can systematically eliminate pricing-related revenue leaks, driving higher profits without alienating customers. You’ll learn how to define pricing “defects,” gather and analyze relevant pricing data, review pricing-agreement processes, identify and control failures, implement improvements, and then ensure continuous, ongoing improvement in price, profits and customer satisfaction.

The book reflects the authors’ pioneering experience implementing Six Sigma pricing. Whether you’re a business leader, strategist, manager, consultant, or Six Sigma specialist, it will help you or your client recover profits that have been slipping through the cracks in pricing operations.

Learn why Six Sigma Pricing makes sense

    Why you should target pricing operations, and how to do it 

Identify profit leaks from inefficient pricing operations

    Why “sloppy pricing” occurs, how to find it, and how to root it out 

Illuminate your current pricing processes, so you can improve them

    Understand your market-facing and internally focused pricing processes pertaining to product launch and lifecycle price management, price increases due to escalation in costs of raw materials, promotions, and discounting

Set up your pricing operations for continuous improvement in line with your pricing and sales strategy 

    Use Six Sigma to improve and control processes, ensuring alignment with agreed-upon strategy for pricing and sales

Create an organization that is successful at pricing

    Align different functions and levels of the company to achieve targeted profits

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