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Challenges and Solutions Surrounding Dynamic Pricing Structures
- Your vote:
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- Organizer:
- Description:
- Managing inventory costs on a dynamic basis is challenging. As a result companies tend to focus most of their efforts on driving cost efficiencies in other aspects of the business. However, inventory costs could account for as much as 50% of revenue or higher and even small improvement could result in significant profitability gains. Learn from one company that’s using a dynamic pricing engine to source their used inventory.
- Questions
Answered: -
- How is sourcing product online from consumers different from sourcing from wholesalers?
- How much cost can be saved by using a dynamic pricing to source inventory?
- What technology can be used to source pricing data from the web?
- What factors determine the price sensitivity of consumers selling products online?
- What are the best ways to test for price sensitivity and elasticity?
- How does pricing strategy differ between reCommerce and eCommerce?
- What is reCommerce, and how is it different from eCommerce?
- How does the technology behind a dynamic pricing engine work?
- What types of data feed into a dynamic pricing engine?
- Do the common retail psychological pricing tricks work in reverse when trying to buy from consumers?
- Level:
- Intermediate
- Category:
- Business / Entrepreneurial
- Type:
- Solo
- Event:
- SXSW Interactive 2009
Developed for SXSW by Lindsey Simon