PRICING 26TH ANNUAL SPRING DALLAS, TEXAS MAY 5-8, 2015 HILTON ANATOLE HOTEL WORKSHOPS & CONFERENCE HURRY! BUY 2 - GET 1 FREE EARLY BIRD OFFER EXPIRES MARCH 20, 2015. page 4 page 18 page 19 Early Bird Offer 12 WORKSHOP OPTIONS Choose from 2 TwoDay and 10 Full-Day Workshops Covering the Most Critical Aspects of Pricing Today 24 CONFERENCE SESSIONS Including 6 Keynotes from the Best and Brightest Pricing Thought Leaders OVER 90 HOURS OF TRAINING, NETWORKING AND LEARNING The Best Event Anywhere to Improve Your Pricing Performance BUY 2 - GET 1 FREE Offer Expires March 20, 2015. Register Now. Don’t Miss this Huge Offer! Call us at +1.770.509.9933 for details! R E G I S T E R A T W W W . P R I C I N G S O C I E T Y. C O M / D A L L A S 2 0 1 5 26TH ANNUAL SPRING PRICING WORKSHOPS & CONFERENCE DALLAS,TEXAS MAY 5-8, 2015 HILTON ANATOLE HOTEL Welcome to Dallas! JOIN US FOR THE VERY BEST IN PRICING! On behalf on the entire Professional Pricing Society team, we are thrilled to announce a new venue for our 26th Annual Spring Pricing Workshops & Conference – the elegant Hilton Anatole Hotel in the Design District of Dallas, Texas! It has been six years since the last PPS event in Texas, and in that time our training, education and networking programs have grown to fit the ever evolving needs pricing professionals across the globe, whether you are a Lone Star (sorry!) in your company, a central figure connecting multiple departments and differing goals, a manager with high performance aims, or a strategic leader setting the course for the entire organization. Our Dallas Conference features six keynote addresses from worldrenowned business strategists such as Tom Nagle and Hermann Simon, 12 workshop choices ranging from Fundamental Principles for Effective Pricing to Change Management to Strategy to Partnership with Sales, and 18 breakout sessions in three tracks with insights from Pricing Practitioners, Pricing Experts, and Tools & Techniques specialists. PPS events are designed to get you the skills necessary to improve your Revenue Management acumen and improve your company’s margins and profitability. In addition to the hands-on workshops, high-level keynote addresses and breakout sessions from leading business experts, our conference will also provide a diverse environment for training and connecting to other esteemed professionals with common interests and goals. Our conferences are the largest, most inclusive, and most valuable events available for pricing professionals, and provide more industry leading speakers and expertise than any other. In addition, no other pricing event will provide you with more networking opportunities to connect and share ideas with fellow pricers who face similar circumstances and challenges. As the only organization exclusively committed to growing the pricing profession and disseminating pricing expertise throughout the business world, PPS is proud to offer a conference that is centered on connections, learnings, growth and successes for you and your company. Please join us. I look forward to seeing you in Dallas! KEVIN MITCHELL President, Professional Pricing Society 2 PPS: THE MOST TRUSTED RESOURCE IN THE PRICING WORLD PPS carries on a long tradition of dedication to the global pricing community. 31 years ago, our Chairman and Founder Eric Mitchell officially created the Professional Pricing Society (PPS) to connect pricing practitioners, experts, and solution providers. The Voice of the Pricing Profession Since 1984, PPS has been the heart and soul of the pricing profession. Today, we continue to focus on bringing the pricing discipline’s foremost thought leaders to our conferences, workshops and online courses, so our members can gather for learning, networking and sharing experiences. Now, pricing people can advance their knowledge from anywhere in the world. In addition to world-class training and live events, PPS also provides access to the most valuable electronic resources in the pricing field. We publish the monthly Pricing Advisor Newsletter and the quarterly Journal of Professional Pricing, covering the latest topics and expert advice in the field. After all the changes and growth over the decades, PPS remains independent, unaltered, unbiased and true to our original mission - we are solely dedicated to nurturing the ever growing community of pricing professionals. PRICING TRAINING CERTIFICATION WORKSHOPS & ONLINE COURSES CPP Training benefits your company and YOU! The Professional Pricing Society is the only organization that exclusively supports professional pricers and has been for 31 years. We provide valuable pricing strategies, publications, research, and resources to thousands of members from leading industries in over 75 countries. The Most Trusted Resource in the Pricing World The PPS network includes more than 4,800 active members worldwide from more than 600 leading companies in 75 countries. Currently, we produce five major annual pricing conferences in Asia, Europe, North and South America. Each conference assembles the finest specialists in the world to deliver the latest best practices, innovative trends and strategic skills in the pricing field. PPS also offers dozens of full-day training workshops every year, taught by leading pricing principals and experts. CPP – A Mark of Distinction for Pricers Worldwide Top 5 Benefits of CPP Pricing Education: 1.Best Practices from Top Pricing Experts: Our faculty represents the top minds in business and academia. All of our course materials are based on industry best practices, extensive applied experience, and practitioner success stories. 2.Comprehensive Pricing Training: Some courses cover broader fundamental pricing strategies, while others provide in-depth study of more advanced topics. All of our materials are designed to equip your department with the tools and concepts that will improve profitability. 3.You Can Develop an Internal Pricing Culture: Quickly orient your employees to pricing best practices and help instill a structured approach to pricing within your company, creating a powerful internal culture of like-minded pricing experts for your firm. PPS workshops are the foundation for the Certified Pricing Professional (CPP) designation, a multi-stage training curriculum designed to support, educate and elevate the global pricing professional. The CPP program has grown to become a mark of distinction for pricers worldwide, improving their knowledge and careers. 4.Rigorous Certification Process: In addition to earning 6 credits by successfully completing workshops and/or online courses, participants go through a rigorous certification process including an extensive study guide and online preparation sessions. For final certification, participants must pass a comprehensive 4-hour CPP Accreditation Exam - one of the many reasons why the CPP certification is the most respected pricing credential in the world. PPS is here to serve you. We are the Home of Pricing! 5.You Can Bring Your Pricing Function In-House: Your firm knows its products, services, and strategies better than any external consultant. Empower your own organization with the knowledge needed to improve profits and minimize revenue leaks, while saving on outside fees. Founded: 1984 by Eric Mitchell Members: 4,813 Companies:653 Global Presence: 75 Countries / 6 Continents Events: 5 Major Annual Pricing Conferences Offerings: • Certified Pricing Professional • Pricing Training Workshops • 30 Online Pricing Courses Other • 16 Annual Publications Services: • Pricing Whitepapers • Case Studies • Webinars • Annual Salary Survey For more information about the Certified Pricing Professional program please visit the PPS website: www.pricingsociety.com and click on Pricing Training - Certified Pricing Professional (CPP) or Online Pricing Courses. To find out how you can save money on the best pricing training available with new CPP Pricing Training and Certification Packages, please email us at cpp@pricingsociety.com or call us at +1.770.509.9933. Do I have to pursue a CPP designation to attend a PPS Workshop? No, you don’t have to. If you are primarily interested in pricing training or learning about specific topics, all PPS workshops are a perfect fit. You will still receive your course certificate after passing the workshop test. It makes no difference if you have decided to pursue the CPP designation or not. 3 DAY WORKSHOP 2 TUESDAY & WEDNESDAY MAY 5-6, 2015 WS1 FUNDAMENTAL PRINCIPLES FOR EFFECTIVE PRICING Free Online Pricing Course! Only Workshop Attendees who complete and pass the Post-Workshop Quiz will earn 2 credits towards their CPP designation and will receive 1 Online Pricing Course at no additional charge! This two-day interactive workshop provides an in-depth overview and fundamental orientation for the development and management of value-oriented pricing strategies and tactics. We will provide leading-edge insights for managers who are responsible for pricing products and services or who need to understand how to integrate pricing into their management activities. Pricing is an important multifunctional business activity that involves and influences the marketing, financial and operational areas of a business. Managers from each of these business areas will find this workshop beneficial and informative. This workshop will present the factors that must be considered when setting price and teach attendees how pricing alternatives can be developed and analyzed. Further, recognizing that price conveys information about the firm, its products and services, and its intentions, we also discuss how to communicate pricing information to the firms’ internal and external constituents. The workshop will emphasize a proactive approach to pricing that requires a market orientation and specifically considers how customers develop value perceptions. ATTENDEES WILL LEARN: •The fundamentals of perceived-value pricing •How customers perceive price and form value perceptions •How to analyze and choose among different pricing alternatives •The role of cost information in the setting of prices •How to communicate pricing information to customers and competitors DAILY WORKSHOP AGENDA (Agenda applies to every workshop) 8:00am Breakfast / Registration 9:00am Workshop Begins 10:15am Morning Break 10:45am Workshop Resumes 12:00pm Lunch 1:00pm Workshop Resumes 2:15pm Afternoon Break 2:45pm Workshop Resumes 4:00pm Workshop Close 5:00pmMay 6th Workshop Reception sponsored by: •The key principles of effective pricing management SPEAKERS: DR. KENT B. MONROE Partner, Cheng, Monroe & Associates and J. M. Jones, Professor of Marketing Emeritus, University of Illinois at Urbana-Champaign Kent B. Monroe brings decades of research, consulting and practical experience to training seminars designed to explain and illustrate successful pricing strategies and tactics. He defined the conceptual foundations of behavioral price research and is the author of, Pricing: Making Profitable Decisions. He was the founding editor of Pricing Practice and Strategy (1993-2003) and he received the American Marketing Association/McGraw-Hill/Irwin Educator of the Year Award in 2005. LILLIAN L. CHENG Partner, Cheng Monroe & Associates, Consultant & Researcher in Pricing & Marketing Strategy Lillian Cheng is an advisor and researcher in pricing and marketing strategy. She has taught at several universities and is co-author of “An Appraisal of Behavioral Price Research (Part I)” and “Reflections on An Appraisal of Behavioral Research (Part 1)”, both in AMS Review, (3), 2013. She has worked with numerous international businesses including Internet start-ups, luxury brands and high-tech firms. Scan with your Smart Phone to see a video about this session! 4 26TH ANNUAL SPRING PRICING WORKSHOPS & CONFERENCE DAY WORKSHOP 2 TUESDAY & WEDNESDAY MAY 5-6, 2015 WS2 CHANGE MANAGEMENT IN PRICING: THEORIES, BEST PRACTICES AND A TRANSFORMATIONAL FRAMEWORK Free Online Pricing Course! Only Workshop Attendees who complete and pass the Post-Workshop Quiz will earn 2 credits towards their CPP designation and will receive 1 Online Pricing Course at no additional charge! More than 70% of projects fail because of the inability of organizations to change. The same goes with pricing projects and initiatives. Change in value and pricing management is challenging, sometimes tenuous, and might take a long time to be accepted, adopted and assimilated. Whether pricing practitioners lead a small project or they embark on a transformational pricing journey, they have to understand the basic concepts and theories of change management. During this workshop, the speaker presents the most effective and adopted change management methodologies (ADKAR®, LaMarsh Managed Change®, ICT®, Kotter Model, Organizational Efficacy for Change, and McKinsey 7 S Model). The concept of organizational change capacity in pricing is discussed based on a 2012 survey of 939 pricing professionals that identified the key drivers of successful change in pricing. Finally, the speaker reviews in detail a proprietary change management model for pricing projects that includes ten critical dimensions of transformational change. SPEAKER: STEPHAN LIOZU, Ph.D. Pricing Evangelist, Value Innoruption Advisors Stephan M. Liozu, CPP, is a creator, a disruptor, a designer, a creator and an innovator. With over 20 years of experience in business, he has recently focused on design and creativity in value and pricing strategies. He holds a Master’s degree in Innovation Management, a Ph.D. in Management from Case Western Reserve University, and the Prosci® change management certification. This unique two-day workshop combines the latest science in change management and change leadership with practical reallife in-class exercises. Participants are invited to identify a current or future real-life pricing project for which they can apply change management tools and develop a practical roadmap. ATTENDEES WILL LEARN: •The various change management theories and methodologies •The concept of organizational change capacity and its significance in pricing transformation •The ten dimensions of change in pricing that are important for the pricing journey •The potential roadblocks to change and how to handle them Scan with your Smart Phone to see a video about this session! DAILY WORKSHOP AGENDA (Agenda applies to every workshop) 8:00am Breakfast / Registration 9:00am Workshop Begins 10:15am Morning Break 10:45am Workshop Resumes 12:00pm Lunch 1:00pm Workshop Resumes 2:15pm Afternoon Break 2:45pm Workshop Resumes 4:00pm Workshop Close 5:00pmMay 6th Workshop Reception sponsored by: •An emerging change management framework for pricing transformations DALLAS 2015 | www.pricingsociety.com/dallas2015 5 DAY WORKSHOP 1 TUESDAY MAY 5, 2015 WS3 PRICING AND CORPORATE STRATEGY: THE PRICING DECISION FRAMEWORK PROVEN SUCCESSFUL BY THE WORLD’S MOST PROFITABLE COMPANIES FOR GETTING PRICING DONE RIGHT Free Online Pricing Course! Only Workshop Attendees who complete and pass the Post-Workshop Quiz will earn 1 credit towards their CPP designation and will receive 1 Online Pricing Course at no additional charge! Pricing challenges and decisions arise early and often. List prices, discounting, new product development, account management, and international variations are just a short list of key pricing challenges facing modern corporations. How should a corporation manage the pricing function? In this workshop, Tim J. Smith, Ph.D., CPP, will share how leading firms are integrating different pricing and price management techniques throughout the corporation to maximize both growth and profitability. We will examine approaches for managing prices in highly competitive business markets. This workshop applies concepts from the fields of economics, consumer behavior, business selling, product lifecycles, and competitive dynamics in order to provide executives with a well-rounded view of pricing in business markets. Executives attending this course will be able to identify routes to improve their pricing practices and avoid traps leading to pricing disasters. SPEAKER: TIM J. SMITH, Ph.D., CPP Founder and Managing Principal of Wiglaf Pricing and Adjunct Professor of Marketing at DePaul University Tim J. Smith is an Academic Advisor to the PPS Certified Pricing Professional program. He focuses on using quantitative and qualitative research to enable firms to drive revenue. He authored Pricing Strategy: Setting Price Levels, Managing Price Discounts and Establishing Price Structures (2012). The workshop will conclude with a framework for managing pricing in a modern corporation developed through both academic research and executive interviews and proven by some of the world’s most profitable and growth oriented firms. ATTENDEES WILL LEARN: • The nature of a good price •The impact of price concessions on profitability •How to connect product development to pricing decisions •How to connect customer account development to pricing decisions •How to connect international contingencies to pricing decisions DAILY WORKSHOP AGENDA (Agenda applies to every workshop) 8:00am Breakfast / Registration 9:00am Workshop Begins 10:15am Morning Break 10:45am Workshop Resumes 12:00pm Lunch 1:00pm Workshop Resumes 2:15pm Afternoon Break 2:45pm Workshop Resumes 4:00pm Workshop Close 5:00pmMay 6th Workshop Reception sponsored by: •A proven framework for integrating pricing into strategic corporate development Scan with your Smart Phone to see a video about this session! 6 26TH ANNUAL SPRING PRICING WORKSHOPS & CONFERENCE DAY WORKSHOP 1 TUESDAY MAY 5, 2015 WS4 THE SALES-PRICING PARTNERSHIP: HOW TO HELP SALES WIN AT HIGHER PRICES When pricing pressure is on, how can pricing managers help sales teams defend prices and value in tough negotiations? Free Online Pricing Course! Only Workshop Attendees who complete and pass the Post-Workshop Quiz will earn 1 credit towards their CPP designation and will receive 1 Online Pricing Course at no additional charge! Pricing professionals are uniquely positioned to help build backbone and negotiation power in the sales force. Pricing managers can help sales identify customer negotiations as a game. They can teach the sales team to understand the cards being played and identify who is bluffing. They can determine the type of buyer and the particular scenario sales is dealing with, and use tactics that will ensure the winning hand is played. Further, pricing managers can help ensure that sales isn’t wasting time and company resources pursuing truly low probability opportunities. This workshop is based on the popular Negotiating with Backbone by Reed Holden. ATTENDEES WILL LEARN: •What is behind Procurement’s behaviors and clout •How to use value to create ‘give-gets’ for negotiation leverage •How to discern whether you are dealing with a bluffing poker player •Eight selling scenarios and how to identify them, negotiate price and sell in each case Scan with your Smart Phone to see a video about this session! DALLAS 2015 | www.pricingsociety.com/dallas2015 DAILY WORKSHOP AGENDA (Agenda applies to every workshop) 8:00am Breakfast / Registration 9:00am Workshop Begins 10:15am Morning Break 10:45am Workshop Resumes 12:00pm Lunch 1:00pm Workshop Resumes 2:15pm Afternoon Break 2:45pm Workshop Resumes 4:00pm Workshop Close 5:00pmMay 6th Workshop Reception sponsored by: SPEAKERS: SPEAKERS: CHRIS MITCHELL Director of Global Initiatives Holden Advisors Chris Mitchell has over 25 years of experience in sales tactics and strategy development, sales management consulting, marketing alignment, sales process and performance improvement. She has been devoted to marquis brands in healthcare (including PBMs), logistics, transportation, office imaging, professional services and manufacturing resulting in measurable increased performance. She is adept at connecting key learning points to the business world. TANNIS ASHWORTH Manager of Facilitation and Performance Development Holden Advisors Tannis Ashworth has more than 20 years of experience in the design, delivery and implementation of value centric curriculum focused on the cross functional alignment of sales, marketing and client service, improving performance metrics, relationship practice management and business leadership. She has an extensive background working with complex organizations worldwide within the technology, telecommunications, manufacturing, professional services and banking industries. 7 DAY WORKSHOP 1 WS5 TUESDAY MAY 5, 2015 MASS PRICE INCREASES & CONTRACT RENEWALS: ELIMINATE THE CHAOS Free Online Pricing Course! Only Workshop Attendees who complete and pass the Post-Workshop Quiz will earn 1 credit towards their CPP designation and will receive 1 Online Pricing Course at no additional charge! Do you dread the process of rolling out a mass price change? Feel lucky when you can keep on top of prices for one or two product lines? When it’s time for a mass update across your entire portfolio - with millions of price points across multiple channels and lines of business - if it just seems harder than it should be, this is the workshop for you. With material cost increases, price drops due to competitive pressure, and aggressive revenue goals dependent on pricing – mass price changes are a fact of life at least once or twice a year. And that’s really just the beginning. Nearly everyone has an opinion on what prices should be. In addition to the myriad of inputs you need to consider, from geography and volume to customer type and beyond, your inbox is filled with requests from corporate attorneys, executives, sales managers, reps, finance guys, country managers, and contract specialists — all outlining special pricing situations you need to accommodate. Most of the tools and workflows in use today don’t make it any easier. And basic spreadsheet software like Excel or homegrown database solutions to manage portfolio-wide price changes are not just impractical, they can be downright risky. It’s your job to make pricing happen — to do the seemingly impossible and reconcile millions of prices, thousands of inputs, and hundreds of people — and publish a price list that delivers on the growth targets your company needs. Get the help you need In this workshop. ATTENDEES WILL LEARN: •How to eliminate price errors even with complications like thousands of line items, multiple document versions, etc. •To collaborate and manage version control to avoid mass internal complaints that follow the mass price increase. •How to accurately forecast the realized price of your 3% planned price increase when the field turns it into a 1% actual price increase with exceptions. Scan with your Smart Phone to see a video about this session! 8 DAILY WORKSHOP AGENDA (Agenda applies to every workshop) 8:00am Breakfast / Registration 9:00am Workshop Begins 10:15am Morning Break 10:45am Workshop Resumes 12:00pm Lunch 1:00pm Workshop Resumes 2:15pm Afternoon Break 2:45pm Workshop Resumes 4:00pm Workshop Close 5:00pmMay 6th Workshop Reception sponsored by: An understanding of how a price change will impact other areas of the company and have confidence that nothing will “break” when you publish your new prices. SPEAKERS: TODD PATE VP, Strategic Consulting Americas Todd Pate provides thought leadership in the technology and manufacturing industries. He has built and led multiple pricing organizations since 1998. Todd’s experience includes Vice President of Global Pricing at Motorola Mobility, Vice President of Global Pricing at Aristocrat Technologies, Vice President of Strategic Pricing at Ingersoll Rand, and Director of Pricing at Dell. Todd holds a BBA from the University of Texas McCombs School of Business, an MBA from the University of Chicago Booth School of Business, and is an Adjunct Business Professor at UT Tyler College of Business and Technology. TONYA DEWEESE Senior Director Global Industry Practice Team Tonya DeWeese has more than 25 years of experience in operations and strategy, and driving transformational changes at a Fortune 300 company. Tonya has delivered results through top-line growth initiatives and productivity efforts in supply chains, shared services and IT. Prior to joining PROS, She served as director of enterprise pricing solutions at Air Products and Chemicals, where she created a sustainable and scalable global approach to price and margin management. 26TH ANNUAL SPRING PRICING WORKSHOPS & CONFERENCE DAY WORKSHOP 1 WS6 WEDNESDAY MAY 6, 2015 BEHAVIORAL PRICING: APPLYING BEHAVIORAL ECONOMICS IN B2B AND B2C PRICING Free Online Pricing Course! Only Workshop Attendees who complete and pass the Post-Workshop Quiz will earn 1 credit towards their CPP designation and will receive 1 Online Pricing Course at no additional charge! “Value-based Pricing” has been widely accepted as the best approach to pricing. Nevertheless, all classical pricing tools within this approach still build on the assumption that customers behave like the famous “homo oeconomicus,” defined as perfectly informed, selfish and rational decision makers with stable preferences. These assumptions are each contradicted by an overwhelming amount of insights from “Behavioral Economics” and “Neuroscience,” and inhibit us from defining smarter pricing strategies which are able to leverage the frugal heuristics and systematic biases of the decisions “real” customers are making. This workshop will characterize Behavioral Pricing as a general approach to pricing that goes well beyond the classic valuebased pricing paradigm. In the course of the workshop, we will show how you can develop more profitable pricing strategies by applying the insight presented to define price level, price structure, price dynamics as well as price communication. ATTENDEES WILL LEARN: •An overview of recent research insights on human decision making that are helpful for deriving more successful pricing strategies •A conceptual framework that will help you to better leverage ‘Behavioral Economics’ in your pricing strategy •That Behavioral Pricing goes well beyond the classic valuebased pricing paradigm SPEAKER: FLORIAN BAUER, Ph.D. Member of the Board Vocatus AG Florian Bauer studied Psychology and Economics at the Technical University in Darmstadt, at MIT, and at Harvard University. He devoted himself to behavioral economics and pricing psychology research, which were also the subject of his doctorate. He cofounded the pricing research firm Vocatus AG in 1999. In 2014 Vocatus was voted one of the world’s top 20 market research innovators. DAILY WORKSHOP AGENDA (Agenda applies to every workshop) 8:00am Breakfast / Registration 9:00am Workshop Begins 10:15am Morning Break 10:45am Workshop Resumes 12:00pm Lunch 1:00pm Workshop Resumes 2:15pm Afternoon Break 2:45pm Workshop Resumes 4:00pm Workshop Close 5:00pmMay 6th Workshop Reception sponsored by: •About real-life examples that exploit these errors through appropriate price strategies •The pros and cons of pricing tools like PSM or Conjoint Analysis and how to modify and complement these methods to avoid risks and pitfalls •How to effectively convert these insights into tactics for optimizing price level, structure, dynamics and communication Scan with your Smart Phone to see a video about this session! DALLAS 2015 | www.pricingsociety.com/dallas2015 9 DAY WORKSHOP 1 WEDNESDAY MAY 6, 2015 WS7 HOW TO DRAMATICALLY GROW PROFITS THROUGH IMPROVED PRICING Free Online Pricing Course! Only Workshop Attendees who complete and pass the Post-Workshop Quiz will earn 1 credit towards their CPP designation and will receive 1 Online Pricing Course at no additional charge! This course is designed for pricing professionals who are interested in dramatically growing the profitability of their organization. We will focus on how to redesign the current pricing strategy and practices of your organization to move beyond cost-based pricing and into value-based pricing. This course will provide a practical method and proven approaches to making the transition. Case Studies of successful transitions will be used as the template for teaching. We will also complete experiential exercises that enable participants to practice these skills and develop the confidence needed to succeed when they return to the office. By the end of this workshop participants will have learned how to break out of the role of “pricing policeman” and into the role of “pricing partner.” Templates, frameworks and processes will be provided that the participant can use to implement the changes needed to make the journey. Presenter Paul Hunt has more than 20 years of experience in pricing, and a particular interest in helping companies implement the cultural changes necessary to become more effective value-based pricers. ATTENDEES WILL LEARN: •How to develop a high impact pricing strategy •How to use segmentation to grow profits •Analytical techniques and tools that will help you achieve success •How to quickly and efficiently identify quick wins •How to revitalize a legacy based pricing structure SPEAKER: PAUL HUNT President Pricing Solutions Ltd. Paul Hunt has specialized in pricing for over 20 years. He has developed a vast array of proprietary methodologies that go straight to the heart of the problem, and has helped clients with such pricing issues as: bundling, competitive pricing, customer categorization, newproduct pricing, perceived value, price complexity vs. simplification, pricing policy, price structure, price wars, price/volume relationship, and value-added pricing. DAILY WORKSHOP AGENDA (Agenda applies to every workshop) 8:00am Breakfast / Registration 9:00am Workshop Begins 10:15am Morning Break 10:45am Workshop Resumes 12:00pm Lunch 1:00pm Workshop Resumes 2:15pm Afternoon Break 2:45pm Workshop Resumes 4:00pm Workshop Close 5:00pmMay 6th Workshop Reception sponsored by: •How to create a pricing architecture that your sales force can sell • How to reduce discounting and exceptions •How to use the 5 levels of world class pricing to systematically grow profit Scan with your Smart Phone to see a video about this session! 10 26TH ANNUAL SPRING PRICING WORKSHOPS & CONFERENCE DAY WORKSHOP 1 WEDNESDAY MAY 6, 2015 WS8 5 STEPS TO IMPROVE YOUR DATA AND ENABLE POWERFUL PRICING Free Online Pricing Course! Only Workshop Attendees who complete and pass the Post-Workshop Quiz will earn 1 credit towards their CPP designation and will receive 1 Online Pricing Course at no additional charge! Bring your biggest data challenges to this session! Data impacts pricing decisions in your business. The question is how do you make your data actionable and aligned with the needs of your pricing strategy? What are alternatives to developing useful pricing measures when you don’t have the data available? What data do you have access to and how can you harness it? How can you conquer data limitations to enable pricing insights? In this workshop, we will provide the attendees with tools, templates and ideas to meet their data challenges and move their projects forward to enable better pricing decisions. A portion of the workshop will include team collaboration and idea sharing with attendees from other companies around data challenges and approaches. ATTENDEES WILL LEARN: •How to identify their biggest data challenges •How to explore how data supports pricing in their organization •How to conquer data limitations to enable powerful pricing insights •How to apply new strategies to their data challenges •How to develop the next steps for moving forward with your top pricing data issues DAILY WORKSHOP AGENDA (Agenda applies to every workshop) 8:00am Breakfast / Registration 9:00am Workshop Begins 10:15am Morning Break 10:45am Workshop Resumes 12:00pm Lunch 1:00pm Workshop Resumes 2:15pm Afternoon Break 2:45pm Workshop Resumes 4:00pm Workshop Close 5:00pmMay 6th Workshop Reception sponsored by: SPEAKERS: DAN PILCH Director of Pricing Consulting, Vendavo Dan Pilch has over 15 years of experience in pricing, working in pricing management for major corporations and leading pricing project implementations for large B2B companies. He works closely with companies, providing pricing and software expertise. SCOTT THIELE Pricing Program Director Vendavo Scott Thiele has over 20 years of experience in advising, pricing, software development and program management. He joined Vendavo in 2012, where he has provided software expertise for leading B2B companies. Prior to Vendavo, he owned and operated his own software company, and worked as a Senior Program Manager at Seagate Technology (NASDAQ:STX). Scan with your Smart Phone to see a video about this session! DALLAS 2015 | www.pricingsociety.com/dallas2015 11 DAY WORKSHOP 1 WEDNESDAY MAY 6, 2015 WS9 A PRIMER ON PRICING AND REVENUE OPTIMIZATION Free Online Pricing Course! Only Workshop Attendees who complete and pass the Post-Workshop Quiz will earn 1 credit towards their CPP designation and will receive 1 Online Pricing Course at no additional charge! While Bank of America and Netflix recently suffered major public relations backlashes due to blunt pricing changes, Michelin and Verizon Wireless were able to benefit from a paradigm shift in their pricing structures. What worked and what didn’t work in their respective pricing practices? What are the prevailing pricing philosophies at play? What lessons can be taken from the history of pricing and revenue optimization? Price bundling, price-response modeling, and price optimization may all sound familiar to you as a pricing professional, but do you really know the nuances behind each term? How does price bundling transfer untapped willingness-to-pay from one product to another? How do you set up a choice-based price response model to better mimic typical decision making processes at the point-of-sale? What is an efficient pricing frontier? Does optimizing for profit always mean a trade off against maximizing volume? This workshop will also discuss pricing software, which has become critical to successful pricing transitions. We will prepare you to hear pitches from pricing and revenue optimization software vendors promising sizable improvements in your gross margins (despite the significant cost of implementation) and teach you how to determine whether or not the software is effective. ATTENDEES WILL LEARN: •The history of pricing and revenue optimization (including case studies of pricing successes and failures) •Typical pricing analytical methodologies, including price bundling, priceresponse modeling, and price optimization •The statistical techniques that can help you scientifically evaluate the effectiveness of a black-box pricing and revenue optimization software package SPEAKER: WEI KE Partner Simon-Kucher & Partners Wei Ke is a Partner in the New York office of Simon-Kucher & Partners, specializing in strategic issues at the marketing-operations interface. He is a well-known expert in pricing, marketing, and risk analytics topics with large financial institutions. He has been published in leading banking journals and has co-authored MBA teaching cases on retail pricing, currently in use at Columbia and NYU. DAILY WORKSHOP AGENDA (Agenda applies to every workshop) 8:00am Breakfast / Registration 9:00am Workshop Begins 10:15am Morning Break 10:45am Workshop Resumes 12:00pm Lunch 1:00pm Workshop Resumes 2:15pm Afternoon Break 2:45pm Workshop Resumes 4:00pm Workshop Close 5:00pmMay 6th Workshop Reception sponsored by: Scan with your Smart Phone to see a video about this session! 12 26TH ANNUAL SPRING PRICING WORKSHOPS & CONFERENCE DAY WORKSHOP 1 WEDNESDAY MAY 6, 2015 WS10 ADVANCED STRATEGIC PRICING: SETTING A MULTI-YEAR BUSINESS STRATEGY & EXECUTION TO ENHANCE PROFITABILITY Free Online Pricing Course! Only Workshop Attendees who complete and pass the Post-Workshop Quiz will earn 1 credit towards their CPP designation and will receive 1 Online Pricing Course at no additional charge! This advanced course focuses on creating strategic business strategies, as well as marketing and sales actions that have a potential positive impact on industry profitability and on your company’s ability to increase prices in the short (3-9 months), mid and long-terms (3-5 years). SPEAKER: In this workshop, the methodology and approaches covered go well beyond setting pricing strategy and plans. They question and refine business and marketing strategies that create the potential for improved market dynamics over a multi-year time frame. They also cover the behaviors and actions of marketing and sales, as they relate to price execution, that enhance your ability to positively impact your pricing; versus inadvertently destroying your ability to positively impact pricing. Joanne Smith is the author of The Pricing and Profit Playbook (Bradley Publishing - October 1, 2013). She brings over 20 years of global business, marketing, pricing and consulting leadership experience. She is known for delivering superior results, challenging the status quo, leading and inspiring change and creating innovative solutions to complex problems. She is also a former DuPont Corporate Head of Marketing, Pricing and Customer loyalty, where she was instrumental in creating the pricing organization which transformed DuPont from weak to outstanding pricing performance. ATTENDEES WILL LEARN: •The importance of strategic multi-year pricing strategies and strategic behaviors for specialty and commodity businesses •Marketing and sales behaviors that enhance (or destroy) your ability to have a positive impact on your own and industry pricing •Market and competitor analysis approaches DAILY WORKSHOP AGENDA (Agenda applies to every workshop) 8:00am Breakfast / Registration 9:00am Workshop Begins 10:15am Morning Break 10:45am Workshop Resumes 12:00pm Lunch 1:00pm Workshop Resumes 2:15pm Afternoon Break 2:45pm Workshop Resumes 4:00pm Workshop Close 5:00pmMay 6th Workshop Reception JOANNE SMITH President Pricing to Profits Consulting sponsored by: •Multi-year pricing mechanism and predictions •Business and marketing strategies to optimize future pricing dynamics and performance Scan with your Smart Phone to see a video about this session! DALLAS 2015 | www.pricingsociety.com/dallas2015 13 DAY WORKSHOP 1 WEDNESDAY MAY 6, 2015 WS11 BEYOND THE NUMBER: SALES, POSITIONING, PRICING Free Online Pricing Course! Only Workshop Attendees who complete and pass the Post-Workshop Quiz will earn 1 credit towards their CPP designation and will receive 1 Online Pricing Course at no additional charge! Who wants to win a race to the bottom? You might think a lot of businesses do, judging by their undifferentiated products, cost-plus pricing, and lack of focus on the bottom line. However, the story gets more interesting as you dig deeper. It’s not that businesses don’t want to be profitable, but rather they often do not know how, especially when it comes to coordinating activities across different functional teams. This workshop will be an intensive day of creative thinking about B2B value, pricing, and product positioning. We will use case studies and group and individual exercises that you can apply to your business. As a participant in this workshop, you will find how to unlock the potential value in your business to generate more profit for your organization and generate more meaning in your pricing strategies. Note that this is a workshop with the emphasis on “work”. Participants will complete a workbook of exercises designed to identify both tactical and strategic profit opportunities, including: • Value-based pricing SPEAKER: REUBEN SWARTZ Founder Mimiran Reuben Swartz brings more than 15 years of sales and pricing experience with companies in North America, Europe and Asia. He has helped companies worldwide to improve pricing performance in industries such as metals, semiconductors, healthcare, retail, manufacturing, and financial services. He is an expert at improving sales results through the appropriate combination of pricing strategy, business processes, and technology. • Competitive positioning • Discounts, promotions, and pricing integrity • Unbundling • Moving up (and down) the value chain •Improving pricing presentation in proposals, including tips to win more business at higher margins •Working effectively with sales and executives •Beyond profit: creating meaning in your pricing strategies Scan with your Smart Phone to see a video about this session! 14 Attendees are encouraged (but not required) to bring a printed version of a recent quote or proposal from their sales team (you can delete actual prices or other sensitive information). Attendees will leave with workshop materials and a completed workbook. DAILY WORKSHOP AGENDA (Agenda applies to every workshop) 8:00am Breakfast / Registration 9:00am Workshop Begins 10:15am Morning Break 10:45am Workshop Resumes 12:00pm Lunch 1:00pm Workshop Resumes 2:15pm Afternoon Break 2:45pm Workshop Resumes 4:00pm Workshop Close 5:00pmMay 6th Workshop Reception sponsored by: 26TH ANNUAL SPRING PRICING WORKSHOPS & CONFERENCE DAY WORKSHOP 1 WEDNESDAY MAY 6, 2015 WS12 APPROACH FOR DEVELOPING PRICING STRATEGY: STEP-BY-STEP PRICING STRATEGY IN AN ORGANIZATION Free Online Pricing Course! Only Workshop Attendees who complete and pass the Post-Workshop Quiz will earn 1 credit towards their CPP designation and will receive 1 Online Pricing Course at no additional charge! What is pricing strategy? If you ask different pricing professionals this question, you get different answers. These days pricing strategy can be almost everything and anything. As a result, many pricing professionals are struggling to understand where and how to begin when it comes to developing a pricing strategy, what pricing insights and analysis need to be done to develop effective pricing strategy, and many more have difficulties with defining what the pricing strategy should be for their organization based on these insights. This workshop will take a pragmatic approach to help participants to clearly define the term pricing strategy, understand what the key components of the pricing strategy are, review step-by-step the various types of analysis needed to develop different parts of the pricing strategy, and show the participants on how to interpret some of the pricing analysis by presenting real life examples from the pricing field. At the end, we will also cover some practical approaches organizations can take for developing and implementing the pricing strategy in an organization. ATTENDEES WILL LEARN: •What pricing strategy is and its key components •What type of analysis is needed to define and develop different components of pricing strategy •How to interpret some of the analysis results and tailor them to their specific industries and companies’ situations •What the typical challenges are in the development of a pricing strategy and how to help organizations overcome them DAILY WORKSHOP AGENDA (Agenda applies to every workshop) 8:00am Breakfast / Registration 9:00am Workshop Begins 10:15am Morning Break 10:45am Workshop Resumes 12:00pm Lunch 1:00pm Workshop Resumes 2:15pm Afternoon Break 2:45pm Workshop Resumes 4:00pm Workshop Close 5:00pmMay 6th Workshop Reception sponsored by: •What are the approaches for effectively developing and implementing a pricing strategy in an organization SPEAKERS: ANTON MALYGIN Director, Pricing and Profitability Consulting Practice, PwC Anton Malygin is a Director in the Pricing and Profitability practice. During his career, he has advised clients in the area of business, operational, and financial strategies focusing on the development of new growth and market entry strategies, revenue and pricing optimization, pricing management, organizational design, business process improvement, strategic planning, risk management, and implementing enterprise wide business turn-around initiatives. COLIN CARROLL Director, Pricing and Profitability Consulting Practice, PwC Colin Carroll is a Director in PwC’s Pricing and Profitability practice. He has 15 years of experience leading projects spanning strategic, tactical and transactional pricing; from pricing strategy development to execution, including implementation of decision support tools and change management programs in global pricing transformations. He has a BA from Binghamton University and an MSE from the University of Michigan. Scan with your Smart Phone to see a video about this session! DALLAS 2015 | www.pricingsociety.com/dallas2015 15 CONFERENCE AT-A-GLANCE THURSDAY MAY 7, 2015 TIME EVENT SPEAKERS 7:00am-8:00am REGISTRATION/BREAKFAST 8:00am-8:15am Welcome and Networking 8:15am-9:15am KEYNOTE SESSION: Forget Product Versus Cost Leadership: Strategies for Profitable Growth 9:15am-10:00am EXHIBIT HALL NETWORKING BREAK / BARNES & NOBLE BOOKSTORE 10:00am-11:00am KEYNOTE SESSION: Pricing and the CEO Hermann Simon 11:00am-12:00pm KEYNOTE SESSION: Top Ten Business Myths Ronald J. Baker 12:00pm-1:00pm NETWORKING LUNCHEON Kevin Mitchell, PPS President Tom Nagle, Ph.D. sponsored by: - BREAKOUT SESSIONS - 1:00pm-2:00pm 2:00pm-2:30pm Pricing Practitioners Track Pricing Experts Track Tools & Techniques Track This track features professionals in the pricing field sharing best practices – what has worked, what has not and how the challenges were resolved. This track features Advisors in the pricing field sharing methods that will inform participants how to be more effective at both the strategic and tactical level covering many diverse pricing topic areas. This track features content pricing experts sharing their expertise in how to address barriers to success that organizations face implementing pricing strategies. The Consultants are Done. The “Opportunity” is Huge - Now What? Nancy Hegarty, CPA, CPP Combat Pricing Pressure and Win Over the Sales Team Alison Yama Pricing Technology: A Journey Not a Destination Bernard Kang EXHIBIT HALL NETWORKING BREAK / BARNES & NOBLE BOOKSTORE 2:30pm-3:30pm Organizing For Pricing Success Michael Davis, CPP World Class Pricing: Measuring Success Kirk Jackisch B2B Services Sector: Why Pricing is No Longer Just Pricing Garth Hoff, CPP 3:30pm-4:30pm Come To The Darkside, We Have Cookies: Can Pricing And Procurement Professionals Peacefully Co-Exist? Maree McMinn, CPP Pricing Segmentation: One Price Does Not Fit All Bert Schefers Driving Customer Performance Through Discounts & Rebates Philip Daus 4:30pm NETWORKING RECEPTION sponsored by: FRIDAY MAY 8, 2015 TIME EVENT SPEAKERS 7:00am-8:00am REGISTRATION/BREAKFAST 8:00am-9:00am KEYNOTE SESSION: Barriers to Implementing Value Based Pricing 9:00am-10:00am EXHIBIT HALL NETWORKING BREAK / BARNES & NOBLE BOOKSTORE 10:00am-11:00am KEYNOTE SESSION: How the Next Generation Analytics are Transforming the Future of Pricing John Hogan 11:00am-12:00pm KEYNOTE SESSION: Taking Pricing from a Forgotten Function to a Strategic Advantage: Lessons Learned 3 Years into the Journey Scott Green 12:00pm-1:00pm NETWORKING LUNCHEON - BREAKOUT SESSIONS - Pricing Practitioners Track 1:00pm-2:00pm 2:00pm-2:30pm As Simple As Needed and Not Simpler: Elegant Discretionary Discount Offers Thomas Stratton, CPP Pricing Experts Track Optimizing Spare Parts Pricing: A Fast Way to Higher Profits Peter Harms Tools & Techniques Track Analytical Segmentation: A New Approach Harry Macdivitt EXHIBIT HALL NETWORKING BREAK / BARNES & NOBLE BOOKSTORE 2:30pm-3:30pm Driving Pricing Transformation Through Successful Pricing Software Implementation Debjani Ghosh How Pricing Can Drive the Sales Transformation to Selling Value Peyton Marshall, Ph.D. Keeping the Competitive Edge While Fighting Commoditization Pamir Güroglu 3:30pm-4:30pm Pricing Innovation: The Next Level in Pricing Excellence Frank Frohmann Superhero or Evil Villain: Overcoming the Plight of the Deal Desk Manager Shannon Tatz Employing a Closed Loop Pricing System for Profit Dick Sobel CODE OF CONDUCT 16 Victoria Mascaray Marti The PPS 26th Annual Spring Pricing Conference and Workshops offers the best forum to discuss pricing strategies and tactics worldwide. All attendees are hereby reminded that discussions in and around the event should not violate price fixing laws or international anti-competitive laws. 26TH ANNUAL SPRING PRICING WORKSHOPS & CONFERENCE WORKSHOP NETWORKING RECEPTION WEDNESDAY, MAY 6, 2015 AT&T STADIUM HOME OF THE DALLAS COWBOYS sponsored by: AT&T Stadium is home of the Dallas Cowboys football team and considered the most famous sports venue in the United States. It has also been home of the Super Bowl, the NBA All Star Game, and the NCAA Final Four. school football contests, soccer matches, and motocross races. It replaced the partially covered Texas Stadium, which opened in 1971 and served as the Cowboys’ home through the 2008 season. It was completed on May 27, 2009 The facility can also be used for a variety of other activities outside of its main purpose (professional football) such as concerts, basketball games, college football and high The stadium is sometimes referred to as “Jerry’s World” after Dallas Cowboys owner Jerry Jones, who originally envisioned it as a large entertainment mecca. The stadium seats 80,000, making it the fourth largest stadium in the NFL by seating capacity. The maximum capacity of the stadium, including standing room-only capacity, is 105,121. The Party Pass (open areas) sections are behind seats in each end zone and on a series of six elevated platforms connected by stairways. All workshop participants are invited to our WEDNESDAY EVENING, MAY 6, 2015, NETWORKING RECEPTION DALLAS 2015 | www.pricingsociety.com/dallas2015 sponsored by: It also has the world’s largest column-free interior and the fourth largest high definition video screen, which hangs from 20-yard line to 20-yard line. AT&T Stadium is not just the home of the Dallas Cowboys, it’s a world of facts and figures about the world’s largest domed structure and incredible works of art on display throughout the stadium. at the amazing AT&T STADIUM HOME OF THE DALLAS COWBOYS! 17 KEYNOTE SESSIONS THURSDAY KEYNOTE SESSIONS AT-A-GLANCE 7:00-8:00 Registration/Breakfast 8:00-8:15 Welcome and Networking Kevin Mitchell, PPS President 8:15-9:15 Forget Product Versus Cost Leadership: Strategies for Profitable Growth Tom Nagle sponsored by: 9:15-10:00 Exhibit Hall Networking Break Barnes & Noble Bookstore 10:00-11:00 Pricing and the CEO Hermann Simon 11:00-12:00 Top Ten Business Myths Ronald J. Baker 12:00-1:00 Networking Luncheon THURSDAY MAY 7, 2015 8:15-9:15 FORGET PRODUCT VERSUS COST LEADERSHIP: STRATEGIES FOR PROFITABLE GROWTH THOMAS (TOM) NAGLE, Ph.D. Independent Expert and Senior Advisor Monitor Deloitte Superior profit margins are the primary driver of profitable growth, yet few companies create focused strategies to drive profit improvement directly. Instead, some functions are charged with achieving higher revenue, some with reducing variable costs, and others with improving asset utilization and productivity. Top management assumes that if each function achieves its objectives, profitable growth will follow. Often they are disappointed. Sharing examples from decades of experience, Dr. Thomas (Tom) Nagle will illustrate how pricing professionals can initiate and lead a firm’s efforts to integrate value creation and cost management for more profitable growth. Dr. Nagle has extensive experience in developing profitable pricing and value communication strategies, including innovative tactics for implementation and analysis. ATTENDEES WILL LEARN: •How managing profit drivers within functional “silos” leads to conflicts that often sap profits in unexpected ways •How making the drivers of profit cross-functionally transparent can reveal options for more profitable growth •How creating price structures and pricing policies that facilitate tradeoffs between value creation and cost can enable less contentious price negotiations, both internally and with customers Thomas (Tom) Nagle, Ph.D. is an independent expert to senior management and a Senior Advisor on projects with Monitor Deloitte. Dr. Nagle founded the Strategic Pricing Group (now part of Monitor Deloitte) in 1987 soon after the publication of his book The Strategy and Tactics of Pricing, which, in its fifth edition, is still the top-selling and the most widely-adopted text on pricing. Scan with your Smart Phone to see a video about this session! 18 26TH ANNUAL SPRING PRICING WORKSHOPS & CONFERENCE THURSDAY MAY 7, 2015 10:00-11:00 11:00-12:00 PRICING AND THE CEO TOP TEN BUSINESS MYTHS PROF. DR. h.c. MULT. HERMANN SIMON Founder and Chairman Simon-Kucher & Partners In order to achieve pricing success, it is critical for CEOs to be involved in creating their company’s pricing structures. Companies with strong CEO involvement have significantly higher pricing power, successfully implement price increases, and consistently raise profitability. The CEO’s ultimate responsibility is to increase shareholder or corporate value, and price has a strong effect on corporate value, as we have shown in selected cases. So what is the CEO’s role in pricing? We aren’t referring to making specific pricing decisions. The CEO has to set the right goals, ensure clarity about positioning, organize effective pricing processes, create a culture that avoids price wars, assume price leadership and instill pricing discipline. We increasingly see that CEOs are taking these challenges seriously. Perhaps it does not come as a surprise that companies whose CEOs are most explicit in these matters demonstrate profitability that is far above average. ATTENDEES WILL LEARN: •How pricing can create and destroy shareholder value •How to identify and implement specific CEOresponsibilities RONALD J. BAKER Founder VeraSage Institute In business, ideas have consequences, and bad ideas are a competitive disadvantage. This presentation examines several myths that exist about business today and demonstrates why these ideas should be discarded. Thinking about these myths is difficult because it requires us to examine some of our most deeply held beliefs about the way the business world works. Economist John Maynard Keynes said, “The difficulty lies, not in the new ideas, but in escaping from the old ones.” Philosopher Bertrand Russell added, “The resistance to a new idea increases as the square of its importance.” Join Ron Baker as he falsifies ten widely held business myths, and posits better ideas and six transformational questions that will enhance your organization’s wealth-creating capacity. He asks you not to think like him, but to think with him. ATTENDEES WILL LEARN: •Why so much of today’s conventional business wisdom is more “convention” than “wisdom” •How to overcome these myths and focus on what truly matters in your company •The six transformational questions that will take your organization to the next level • Best practices from cases of CEO pricing excellence Hermann Simon is Founder and Chairman of SimonKucher & Partners, the global leader in price advising with 29 offices in 23 countries and 750 employees. Simon has authored more than 30 books, published in 26 languages, and has been named the most influential living management thinker in German-speaking countries (managementdenker.de). Cicero-Magazine lists Simon as one of the 100 leading intellectuals in Germany. Scan with your Smart Phone to see a video about this session! DALLAS 2015 | www.pricingsociety.com/dallas2015 Ronald J. Baker started his CPA career in 1984 with KPMG’s Private Business Advisory Services. Today, he is the founder of VeraSage Institute, the leading think tank dedicated to educating professionals internationally, and a host on the VoiceAmerica.com show: The Soul of Enterprise: Business in the Knowledge Economy. He is the author of six best-selling books, including his latest, Implementing Value Pricing: A Radical Business Model for Professional Firms. Scan with your Smart Phone to see a video about this session! 19 KEYNOTE SESSIONS FRIDAY KEYNOTE SESSIONS AT-A-GLANCE 7:00-8:00 Registration/Breakfast 8:00-9:00 Barriers to Implementing Value Based Pricing Victoria Mascaray Marti 9:00-10:00 Exhibit Hall Networking Break Barnes & Noble Bookstore 10:00-11:00 How the Next Generation Analytics are Transforming the Future of Pricing John Hogan 11:00-12:00 Taking Pricing from a Forgotten Function to a Strategic Advantage: Lessons Learned 3 Years into the Journey Scott Green 12:00-1:00 Networking Luncheon FRIDAY MAY 8, 2015 8:00-9:00 BARRIERS TO IMPLEMENTING VALUE BASED PRICING VICTORIA MASCARAY MARTI Pricing & Channel Competency Leader EMEA DuPont de Nemours International SARL Although Value-Based Pricing is considered to be the Gold Standard in Pricing, according to recent studies, only 17% of companies are able to effectively implement it. The primary reason for this low success rate is that the implementation and execution of Value-Based Pricing is not easy, and there are many barriers that must be overcome along the way. The most common barriers to implementing Value-Based Pricing can be classified into four areas: Differentiation, Process Complexity, Organizational Alignment and Sustainable Capabilities. Presenter Victoria Mascaray Martí will explore each of these potential failure areas, present strategies that Pricing professionals can implement to avoid these barriers to implementation, share her experience with the Value-Based Pricing transition, and present examples of how DuPont overcame challenges in their Pricing transformation journey. ATTENDEES WILL LEARN: •DuPont’s transformation journey to Value-Based Pricing •The barriers DuPont’s Pricing team faced during the transition to Value-Based Pricing •The strategies DuPont used to overcome these barriers, which led to successful implementation Victoria Mascaray Martí was appointed DuPont Pricing and Channel Competency Leader in EMEA in 2012. Prior to that, she was the Country Manager for DuPont Building Innovations business in Spain and Portugal for over four years. She graduated wit a degree in Business Administration from Universitat de Barcelona. She has a Post-Graduate in International Marketing from ESADE (Barcelona) and an MBA from IMD (Lausanne). Scan with your Smart Phone to see a video about this session! 20 26TH ANNUAL SPRING PRICING WORKSHOPS & CONFERENCE FRIDAY MAY 8, 2015 10:00-11:00 11:00-12:00 HOW THE NEXT GENERATION ANALYTICS ARE TRANSFORMING THE FUTURE OF PRICING TAKING PRICING FROM A FORGOTTEN FUNCTION TO A STRATEGIC ADVANTAGE: LESSONS LEARNED 3 YEARS INTO THE JOURNEY JOHN HOGAN Co-Founder Value Management Advisors If knowledge equals power, then Pricing should be among the most powerful groups in a company. Certainly, Pricing is one of the most analytic functions, but in many companies Pricing has minimal input into strategic decision-making and is often viewed as a tactical group within Sales or Finance. As pricing managers, we must find ways to create additional value in order to earn a better seat at the strategy table. Recently, a select group of companies piloted a new generation of predictive analytics that create tremendous value by unlocking the black box surrounding sales negotiations. Among the pilot companies, the negotiation analytics helped pricing managers forge stronger partnerships with sales managers. Similarly, improved price forecasting was highly valued by finance managers. In these companies, next generation analytics are helping Pricing become a strategic partner instead of a tactical resource. SCOTT GREEN Lead for Global Pricing Panduit If Pricing isn’t at the top of your executive team’s agenda (and at many companies it is far from the top of the list), what can you do to get their attention and turn Pricing into a strategic advantage? This session will discuss how to build a career in Pricing. Presenter Scott Green will share lessons from his own Pricing career. Three years into the journey, he leads an organization of 50 pricing resources and manages pricing operations in over 25 countries. Attendees will learn how to make the case for using Pricing to drive strategy versus reacting to competitors and customer demands. The session will also explore how Panduit got started on their Pricing journey and the success they are building now that their journey is well underway. ATTENDEES WILL LEARN: ATTENDEES WILL LEARN: •How to define success and set expectations for your Pricing initiative •How current analytics miss more than 50 key factors that predict pricing outcomes •How to align your value proposition with end customers •How new predictive analytics can unlock the black box surrounding price negotiations • How to simplify your business process around Pricing •How next generation analytics create 2-4% margin increases John Hogan is Co-Founder of Value Management Advisors where he assists clients in developing and implementing value-based growth strategies. As co-author of The Strategy and Tactics of Pricing 5th ed., he is a recognized thought leader on strategic pricing, sales and negotiation. He has over 20 years of experience developing and implementing pricing strategies in industries including IT, software, information services, distribution, manufacturing, professional services, and consumer goods. Scan with your Smart Phone to see a video about this session! DALLAS 2015 | www.pricingsociety.com/dallas2015 •How to develop a strong reputation and boost your career Scott Green is the Lead for Global Pricing at Panduit, an industry leader in Electrical and Networking Infrastructure. His responsibilities include pricing strategy, pricing operations, and transformation program leadership. He previously led a Global Pricing Program at BP. He holds a Bachelor of Science Degree in Agricultural Economics from Purdue University. Scan with your Smart Phone to see a video about this session! 21 BREAKOUT SESSIONS THURSDAY MAY 7, 2015 1:00-2:00 PRICING PRACTITIONERS TRACK PRICING EXPERTS TRACK TOOLS & TECHNIQUES TRACK THE CONSULTANTS ARE DONE. THE “OPPORTUNITY” IS HUGE NOW WHAT? COMBAT PRICING PRESSURE AND WIN OVER THE SALES TEAM PRICING TECHNOLOGY: A JOURNEY - NOT A DESTINATION NANCY HEGARTY CPA, CPP Global Head of Front End Customer Strategy Thomson Reuters Your CEO and her/his executive leadership team believe your pricing strategy and tactics are leaving money on the table. She/he hires a top notch pricing firm to uncover opportunities and tell them what’s possible. The work is complete and the opportunity is huge. During a meeting to review the final presentation, you learn that you are now responsible for defining, scoping and executing a program to deliver the “opportunity.” ALISON YAMA Senior Director Consulting Operations Holden Advisors For companies with investments in plants, resources, and equipment, changes in market demand force challenging choices between sales volume and margin. Today’s customers demand, and often get, more discounts. When this happens, average selling prices plummet and costs-to-serve increase, destroying shareholder value. As firms show desperation to make up numbers, they offer more discounts and prices continue to spiral down. We call this the Margin Death Spiral. In this session, Nancy Hegarty will present examples of projects that have turned the “opportunity” into dollars as well as projects that have hit road blocks. She will also show attendees what they can do to ensure success and avoid challenges. Alison Yama will lead a practical, engaging session on how to avert this spiral by establishing pricing and negotiation strategies that the entire company can stand behind. Highlighting real-life cases, she will give attendees tools and techniques they can implement immediately. ATTENDEES WILL LEARN: •How to turn the PowerPoint slides into action •Who, and what, is necessary from across your organization •How to structure a governance program to ensure that the plan and execution deliver against the proposed opportunity 22 ATTENDEES WILL LEARN: •How to optimize revenue and profits throughout the business cycle •How to get marketing, sales, and pricing teams working together to drive profitable growth •How to develop tools for sales teams to defend price and value during tough negotiations BERNARD KANG Senior Manager, Customer Practice EY Advisory Many companies are looking to pricing technology as a key tool for enabling their profit maximization strategies. As a result, one of the fastest growing segments of enterprise technology today is pricing software. At the same time, as with any technology investment, pricing software requires a significant commitment in order to implement tools and systems correctly and capture value. In our experience, there are multiple “learning paths” that companies can walk in order to build this capability, which this session will analyze. ATTENDEES WILL LEARN: •Application of pricing technology based on maturity of a company’s pricing strategy, pricing process and data quality; tools and technology range from basic spreadsheets to advanced analytics to “purpose built” pricing software packages, CPQ and ERP systems •The value of creating a learning path when aiming to maximize value using pricing technology •Examples of other practices who have improved their pricing performance using pricing tools 26TH ANNUAL SPRING PRICING WORKSHOPS & CONFERENCE THURSDAY MAY 7, 2015 2:30-3:30 PRICING PRACTITIONERS TRACK PRICING EXPERTS TRACK TOOLS & TECHNIQUES TRACK ORGANIZING FOR PRICING SUCCESS WORLD CLASS PRICING: MEASURING SUCCESS B2B SERVICES SECTOR: WHY PRICING IS NO LONGER JUST PRICING MICHAEL DAVIS, CPP Global Manager of Pricing Solutions TE Connectivity In a competitive market, one of TE Connectivity’s largest business units took on the challenge to redefine “pricing.” Through organizational change, the North America Automotive group brought pricing to the forefront of its strategic business decisions. Historically, pricing was an afterthought in new product design with TE customers, creating an adversarial relationship within TE and strained relationships with customers. Now, armed with pricing intelligence during product design, the TE North America Automotive group highlights the value TE products provide customers and works with them to deliver a solution that meets both their needs and their budgets. In this session, Michael Davis will share steps taken and lessons learned in this important transformation. KIRK JACKISCH Vice President, Pricing Strategy and Management Pricing Solutions Pricing consists of four core processes: 1. Defining the pricing strategy; 2. Setting net customer prices; 3. Executing prices; and 4.Managing pricing performance. Over the last decade, most companies have been focused on building competencies in the first three processes, but have typically failed to make the necessary investment in the fourth. The result is that companies do not know if they are making improvements and, if so, how much. Without this information it is difficult to make necessary course corrections. In this session, Kirk Jackisch will discuss challenges and best practices associated with this last step in the pricing equation, and introduce proven techniques and approaches. ATTENDEES WILL LEARN: •Critical value-based pricing metrics that brought suppliers and customers together •Organizational changes required to substantiate and enforce the pricing focus •Lessons learned from this pricing transformation journey ATTENDEES WILL LEARN: •What pricing performance measurement is and why it is important •The most effective approach to measuring pricing success GARTH HOFF, CPP Director of Pricing Strategy, IHS Amazon, Netflix, and Uber are getting all of the attention in the services sector, but B2B services firms are using the same kinds of techniques for pricing-led growth. In addition, the B2B services sector and IHS in particular are working to take a more expansive view of pricing, incorporating competitive, commercial, and portfolio strategies with pricing to achieve growth goals. In this session, we’ll look at examples of real-world pricing problems from the last two years that have helped to build out the strategy and framework being used by IHS today. Special focus will be given to a discussion of process, strategy, and results. ATTENDEES WILL LEARN: •A three step approach to services pricing: Consolidation, Integration, Convergence •The power of enterprise-wide cooperation when approaching revenue growth and customer focus via the pricing lens •Effective ways to use portfolio management, pricing strategy, offer management, and sales strategy to achieve sustainable customer growth •Best practices for establishing and maintaining an effective performance management infrastructure •How to determine what you should (and should not) measure DALLAS 2015 | www.pricingsociety.com/dallas2015 23 BREAKOUT SESSIONS THURSDAY MAY 7, 2015 3:30-4:30 PRICING PRACTITIONERS TRACK PRICING EXPERTS TRACK TOOLS & TECHNIQUES TRACK COME TO THE DARKSIDE, WE HAVE COOKIES: CAN PRICING AND PROCUREMENT PROFESSIONALS PEACEFULLY CO-EXIST? PRICING SEGMENTATION: ONE PRICE DOES NOT FIT ALL DRIVING CUSTOMER PERFORMANCE THROUGH DISCOUNTS & REBATES MAREE MCMINN, CPP Indirect Procurement Manager, Valvoline In May 2014, my 14 year pricing career took a new path. I was asked to come to what Pricing professionals consider the darkside: Procurement. In particular, I was asked to head up Indirect Procurement and Supply Chain Process Improvement. At that point, I did not even know what Indirect Procurement was. Process? Supply chain? I’ve done that. Procurement? Wait. Aren’t pricers supposed to loathe those guys? This session will focus on how I am leveraging my pricing skills in a whole new way. It is certainly not a role I expected to fill, but one that has a natural adjacency. I will share some key skills that I have discovered as well as takeaways I am leveraging from my pricing career. ATTENDEES WILL LEARN: •Procurement people are not all evil: they too respond to value drivers •How pricing skills and procurement skills overlap •How to understand your procurement counterparts’ objectives BERT SCHEFERS Managing Partner, Abbey Road Associates LLC The days of one price for everyone are numbered. No two customers are alike, yet many B2B companies still have one list price for all customer groups and use discounting to address varying price sensitivities between customer segments. There is a better way. Smart price segmentation based on value “drivers” ensures that you don’t leave money on the table or lose business due to pricing that is too high. In this session, Bert Schefers, Managing Partner, Abbey Road Associates, will present proven strategies for identifying actionable price segments and value drivers, designing a segmented price strategy, and effectively implementing this strategy to improve profits. Schefers has worked with companies in many industries, including information services, technology, healthcare and nonprofits. ATTENDEES WILL LEARN: •How to identify actionable price segments •How to design a segmented price strategy for B2B companies PHILIP DAUS Senior Director Simon-Kucher & Partners In many B2B companies, discount and rebate structures are inconsistent and do not have a clear function. This frequently leads to situations where money is left on the table. The solution lies in the smart management of discounts and rebates. In recent years, many companies have started to adopt systems that rely less on the skills of the sales force and create a more objective link between price reductions and customer performance. Designing and implementing functional discount and rebate systems is not an easy task, but typically best in class companies increase profits by 1 to 4 percentage points in EBITDA. ATTENDEES WILL LEARN: •How companies have created discount and rebate management systems that are aligned with their strategic objectives and help to increase sales and reduce costs •How to (re)gain discipline, consistency and control in the customer discounting •Best practices for transitioning to an optimized discount and rebate system •How to implement a segmented strategy illustrated through case studies 24 26TH ANNUAL SPRING PRICING WORKSHOPS & CONFERENCE FRIDAY MAY 8, 2015 1:00-2:00 PRICING PRACTITIONERS TRACK PRICING EXPERTS TRACK TOOLS & TECHNIQUES TRACK AS SIMPLE AS NEEDED AND NOT SIMPLER: ELEGANT DISCRETIONARY DISCOUNT OFFERS OPTIMIZING SPARE PARTS PRICING: A FAST WAY TO HIGHER PROFITS ANALYTICAL SEGMENTATION: A NEW APPROACH THOMAS STRATTON, CPP Head of Pricing Operations - North America, Syngenta In a recent case study, a broad group of employees, seeking simplicity but also aiming to provide tailored, customer centric pricing offers, were able to deliver a “winwin” change within their organization in which all stakeholders realized a benefit. In doing so, they experienced improving prices, portfolio mix and sales volume while simultaneously eliminating hassle and frustrations. This session will analyze this award winning story and other case studies of best practices that emphasize “glass half-full” approaches to pricing strategy. In studying these examples, we will examine pricing teams that looked to what could be done versus that which was too hard - or in fact impossible - with current technologies and market conditions. ATTENDEES WILL LEARN: •How to use “pilots” to prove theories and to gain organizational support •How to knit together various data sources to create insight •The importance of knowing “the market” alongside financials, data, and systems PETER HARMS Senior Director Simon-Kucher & Partners Many companies have yet to unleash their profit potential from spare parts pricing, but substantial gains in profitability and margins are available for organizations who do. Optimizing spare parts pricing is not easy, but it is more feasible than many companies believe and results in quick revenue increases. In this session, Peter Harms will cover all major initiatives that pricers can implement to realize profit potential. He will illustrate international best and worst practices and give clear guidance on how to scan your own spare parts pricing for improvement potential. ATTENDEES WILL LEARN: •How to set spare parts price levels based on willingness to pay •How to build price structures based on product value •How to encourage and enable retailers to sell more and be more loyal •How to effectively manage the price image DALLAS 2015 | www.pricingsociety.com/dallas2015 HARRY MACDIVITT Director Axia Value Solutions Ltd Market segmentation has developed into a science that involves significant computational tasks and has transformed the way many companies target their customers. However, this science is less developed in B2B when compared to B2C. In B2B, major purchase decisions are significantly more complex, requiring the involvement of several different decision makers, decision rules and value judgments. A proper understanding of this process, and in particular of the decision choice drivers involved, is a common obstacle to developing better and more informed value propositions and building a Value-Based Price. In this session, we review extensive research that we have recently undertaken to build a B2B segmentation model; which can be applied by suppliers to create more effective customer segmentation and price decisions based on value. ATTENDEES WILL LEARN: •Limitations of conventional B2B segmentation •Research based analytical approach to B2B segmentation •Case examples illustrating effective methods used regarding Value Based Pricing initiatives 25 BREAKOUT SESSIONS FRIDAY MAY 8, 2015 2:30-3:30 PRICING PRACTITIONERS TRACK PRICING EXPERTS TRACK TOOLS & TECHNIQUES TRACK DRIVING PRICING TRANSFORMATION THROUGH SUCCESSFUL PRICING SOFTWARE IMPLEMENTATION HOW PRICING CAN DRIVE THE SALES TRANSFORMATION TO SELLING VALUE KEEPING THE COMPETITIVE EDGE WHILE FIGHTING COMMODITIZATION DEBJANI GHOSH Pricing Director, Luxottica The use of advanced pricing software in both B2B and B2C businesses is expanding at an unprecedented pace. But driving pricing transformation utilizing pricing software begins long before final vendor selection. A large part of successful pricing software implementation is not only putting technology in place, which can be challenging in itself, but determining alignment between the long term pricing goals of your organization and advanced software capabilities. This session will cover key factors for successful pricing software implementation, including managing the complex implementation process and change management for successful stakeholder acceptance. ATTENDEES WILL LEARN: •Why it’s important (and how) to establish your company’s needs first, before beginning software selection •A step by step method for choosing the right software for your strategic needs •Managing the project and keeping to schedule •Typical mistakes users make (and how to avoid them) •How to implement these tactics in a global business environment 26 PEYTON MARSHALL, Ph.D. CEO LeveragePoint Strong B2B pricing organizations set prices, design offerings and target customer segments based on customer value. In this process, good decisions are most often driven by a detailed analytical understanding of the customer’s business. Furthermore, the best pricing professionals shift gears and harness their pricing to drive successful sales execution of value based strategies. Good value propositions support effective sales conversations. Value propositions need to be designed with sales objectives and teams in mind, combining simplicity with the substance to stand up under customer scrutiny. PAMIR GÜROGLU Head of Pricing, Segment Marketing Turkcell In today’s global market, the competition is tough, investing is faster and bigger, your core product is perceived as a commodity and your customers are less loyal than ever before. In order to maintain market leadership, you have to win against competition, increase customer satisfaction and loyalty and sustain growth through new investments and business models. Although it seems inevitable that you are heading for a price war facing these conditions in a commoditized market, there are several strategies you can leverage to avoid this scenario. In this session, attendees will learn to avoid price wars using three pricing strategies that ensure your success against the competition. ATTENDEES WILL LEARN: •How organizations get started in executing successful value selling •How to set achievable objectives for value propositions based on sales teams, customer audiences and the types of value conversations that are effective through the sales cycle ATTENDEES WILL LEARN: •Winning against competition by creating un-duplicable offers •Increasing customer satisfaction by diversifying offers •Ensuring sustainable growth by attractive acquisition campaigns •How to design clear value propositions that are adopted by sales professionals and that can be extended to in-depth customer conversations including the technical sales team 26TH ANNUAL SPRING PRICING WORKSHOPS & CONFERENCE FRIDAY MAY 8, 2015 3:30-4:30 PRICING PRACTITIONERS TRACK PRICING EXPERTS TRACK TOOLS & TECHNIQUES TRACK DRIVING PRICE IMPROVEMENT: FROM IDEA TO BEHAVIOR CHANGE SUPERHERO OR EVIL VILLAIN: OVERCOMING THE PLIGHT OF THE DEAL DESK MANAGER EMPLOYING A CLOSED LOOP PRICING SYSTEM FOR PROFIT BRIAN MUNDY Director Management Logic You have convinced the executives at your company that pricing is a great lever to enhance profitability and revenues. You have successfully navigated the resourcing process and obtained backing for a project focusing on price improvement. Now, all you need to do is deliver… This presentation will provide real world examples of how a pricing leader can identify the pricing issues challenging an organization, and deliver permanent solutions to overcome them. ATTENDEES WILL LEARN: •Best practices in identifying issues contributing to price erosion •How to gain the acceptance and support of key stakeholders who will support the change •How to design and implement price improvement tools and processes that become an integral part of the business SHANNON TATZ Senior Director Strategic Consultant PROS Ask pricers about the deal desk at their organization, and they will immediately regale you with stories of the hundreds, if not thousands, of ever increasing requests that pass through the desk weekly. Deal desk managers must balance competing, often conflicting, interests from sales and finance. Their influence on both winning business and protecting profitability is immense, which makes the position incredibly frustrating and often times controversial. This Session explores strategies to decrease the number of discount requests received and analytics that help deal desk managers make better decisions and defend their positions. With the right processes and tools, managers can be heroes to both sales and finance. ATTENDEES WILL LEARN: DICK SOBEL Managing Director The Pricing Analytic Group Today’s growth and profit plans require a focus on how price will impact a business’ overall Profits and Loss (P&L) and financial performance. Pricing actions and their outcomes often get lost in the financial statements as there is a lack of internal processes for forecasting, monitoring, and measuring price execution. In this session, Dick Sobel will reveal the playbook that will take you through a proven process, using case history data and illustrations, which yields improved and measurable opportunities for price gain and profitability. ATTENDEES WILL LEARN: •How to link pricing action outcomes to the P&L and financial statements •How to ensure that the deal desk is focusing on the most important opportunities •Use of practical tools to calculate changes in price realization, material cost, mix, volume and price elasticity •How to prioritize and streamline what opportunities the deal desk reviews •How to apply customer and product pricing forecasting tools for maximum gain •How to make sure that deal desk managers are seen as heroes by sales DALLAS 2015 | www.pricingsociety.com/dallas2015 27 CONFERENCE INFORMATION 26TH ANNUAL SPRING PRICING WORKSHOPS & CONFERENCE DALLAS,TEXAS MAY 5-8, 2015 HILTON ANATOLE HOTEL REGISTRATION FEES $5,895 Non-Member $5,595 Member ❏ Option 1 ❏ Option 2 Spring 2015 Conference + 1 Workshop + Online CPP Bundle $5,095 Non-Member $4,795 Member ❏ Option 3 Spring 2015 Conference + 2-Day Workshop $3,595 Non-Member $3,295 Member ❏ Option 4 Spring 2015 Conference + Two 1-Day Workshops $3,595 Non-Member $3,295 Member ❏ Option 5 Spring 2015 Conference + 1-Day Workshop $2,895 Non-Member $2,595 Member ❏ Option 6 Spring 2015 Two 1-Day Workshops (May 5-6) ONLY $2,195 Non-Member $1,895 Member ❏ Option 7 Spring 2015 2-Day Workshop (May 5-6) ONLY $2,195 Non-Member $1,895 Member ❏ Option 8 Spring 2015 1-Day Workshop (May 5 or May 6) ONLY $1,695 Non-Member $1,395 Member ❏ Option 9 Spring 2015 Conference (May 7-8) ONLY $1,995 Non-Member $1,695 Member Spring 2015 Conference + 2 Workshops + Online CPP Bundle INCLUDED WITH YOUR REGISTRATION • Only Workshop Attendees who complete and pass the Post-Workshop Quiz will receive credits towards their CPP designation and will also receive 1 Online Pricing Course at no additional charge! • All Conference attendees will receive a USB drive with all conference keynote presentations. The presentations will also be available via the PPS Mobile App for this conference. • Breakfast, refreshments and lunch are served during Workshops & Conference days. • All Workshop participants are invited to our Workshop Networking Reception. • All Conference participants are invited to our Conference Networking Reception. •4 th Attendee Free – When 3 people register from the same firm at the same time, a 4th person may register for the Conference free of charge. 28 •P PS Member Discount – For active Professional Pricing Society members. When registering several people at the Member rate, please make sure that you have one of the Corporate Membership plans to receive discounts for everyone. Single Annual Membership in PPS is $400. The Corporate 5 Member plan is $1,000; Corporate 10 Member plan is $1,500; Corporate 20 plan is $2,500 and the Corporate 100 plan is $5,000. EXPLANATION OF OPTIONS AND PRICES Option 1 or Option 2: Conference + Online CPP Bundle The best of both worlds! This package is designed to get your CPP certification quickly without having to rely on subsequent budget approvals. The Package will allow you the opportunity to earn 6 CPP Credits. You will receive the Full Conference package including a Workshop of your choice on May 5th or May 6th, a FREE Online Pricing Course, plus 4 additional Online Pricing Courses of your choice, as well as the CPP Certification Exam package - which includes the complete study guide, online study sessions and extra reading materials. Option 3: Conference + 2-Day Workshop Includes one of the 2-day CPP Workshops on May 5th and May 6th as well as the PPS Conference on May 7th and 8th, 2015. Option 4: Conference + Two 1-Day Workshops Includes a 1-day workshop on May 5th and another 1-day workshop on May 6th and the PPS Conference on May 7th and 8th, 2015. Option 5: Conference + 1-Day Workshop Includes one of the 1-Day CPP Workshops on May 5th or May 6th and the PPS Conference on May 7th and 8th for more flexibility and maximum benefit to you. Option 9: Conference ONLY With this option you can join us for the 2 Conference days only on May 7th and 8th, 2015. PAYMENTS, SUBSTITUTIONS AND CANCELLATIONS BOARD OF ADVISORS Payments, Substitutions, Cancellation Payments and Cancellation Policies: you may make payment by check or credit card, or online at www.pricingsociety.com/DALLAS2015. MR. ERIC MITCHELL Founder & Chairman of the Board The Professional Pricing Society Checks must be received by April 10, 2015 and should be made payable to “Professional Pricing Society.” You may substitute attendees at any time prior to the start of the conference with no penalty. You may cancel by April 10, 2015 and receive a refund, minus a 20% administration fee. MR. JEROLD BERNSTEIN President The Price Improvement Team LLC MR. XAN CHAMBERLAIN Global Pricing Manager Hitachi Data Systems MR. MARTIN COALSON President ShipCarsNow, A Union Pacific Company MS. LYDIA DILIELLO MS. KELLIE ECKER, CPP President Ecker Investments MR. JIM GEISMAN, CPP President Software Pricing Partners, Inc. HOUSING INFORMATION The wonderful Hilton Anatole Hotel in Dallas, Texas is the host for The 26th Annual Spring Pricing Conference and Workshops. Reservations should be made using the link provided on the PPS Website www.pricingsociety.com/DALLAS2015. The hotel will only hold the PPS block of rooms until April 10, 2015, that is four weeks before the conference begins. We advise that you reserve your hotel room when you register for the conference or even before, if you are fairly certain that you will be attending. See you in Dallas! DR. SCOT HORNICK Vice President Oliver Wyman DR. RICHARD LANCIONI, CPP Professor of Marketing Temple University, Fox School of Business DR. STEPHAN LIOZU, CPP Founder Value Innoruption Advisors MS. LAURA PRESLAN General Manager Dynamics Program Office, Microsoft Corporation MR. CHRIS PROVINES CEO, Healthcare Value Institute and ValueVantage Partners; Adjunct Professor, Rutgers University Graduate School of Business MR. GARY RITZERT President - CEO Ritzert Retail Price Consulting MS. STACEY SCHAEFFER Director, Price & Offering Management, SAS Institute, Inc. MR. MICHAEL SIMONETTO Principal, Pricing & Profitability Management, Deloitte Consulting LLP 29 CORPORATE SPONSORS 30 WORKSHOP RECEPTION SPONSOR CONFERENCE RECEPTION SPONSOR Whether you want to develop value-based pricing, establish pricing controls, or embed a “best in class” pricing strategy, we can help you realize your full value potential. PwC’s proprietary software tool ‘Equazion’ analyses profitability, diagnosing areas for improvement; our specialist techniques provide insight into pricing structure and dynamics; and our operational insights identify roadblocks in translating pricing strategy into practice. PROS Holdings, Inc. (NYSE: PRO) is a big data software company that helps customers worldwide outperform in their markets. We apply 28 years of data science experience to unlock buying patterns and preferences within transaction data to reveal which opportunities are most likely to close, which offers are most likely to sell and which prices are most likely to win. The economists, statisticians, programmers, and strategy experts at Advanced Analytical Consulting Group have helped clients spanning various industries to enhance their pricing and profitability management capabilities, which has led to identified profits worth over $500 million. We have developed and deployed econometric models for quality control, performance measurement, and profit maximization at major corporations in the United States and internationally. LeveragePoint is the only software solution for value-based pricing. The LeveragePoint platform enables everyone in your organization to collaborate and align around pricing and the economic value you deliver to your customer’s bottom line, quantifying what truly differentiates you from your competition. And, as a SaaS (Software-asa-Service) solution, LeveragePoint can be deployed quickly to deliver measurable business impacts within weeks. Pricing Solutions Ltd. specializes in 5 core services: pricing strategy, pricing management, pricing and value research, pricing training and pricing systems. The result: typical payback on an engagement is 10:1. Pricing Solutions Ltd. has developed a wide range of proprietary tools, processes and research techniques for studying and analyzing our clients’ pricing problems. These tools and processes complement our philosophy. Atenga uses the tools of price optimization to drive improved profitability. We perform targeted market research to discover and document the drivers for our clients’ willingness to buy and willingness to pay. We recommend policies, bundles, segmentation systems, messages and prices to better serve your marketplace. Our detailed, actionable, practical recommendations allow clients to sell more, often at higher prices. Unique among our competitors, Monitor Deloitte combines a rich heritage of leadingedge strategic thinking and innovation with deep expertise in operations and implementation to amplify our impact. Joining strengths, we can better help you address your most complex business challenges, create new and lasting value, and achieve transformational growth, enabling you to lead and shape the future of the world. PTC delivers technology solutions that transform product creation and servicing. Our Service Lifecycle Management (SLM) solutions provide a consolidated view into the extended service network and connect the planning, delivery and analysis of service, empowering companies to increase revenue, profitability and customer value. Additionally, PTC’s Service Parts Pricing solution identifies the optimal price for every new and existing service part. Holden Advisors is the leading consultancy and training firm in pricing and value-based selling. We help clients drive breakthrough business results by developing customer value insights that are used in the entire pricing process, from price setting to price negotiations. Our team delivers value-based global pricing strategy, analysis, processes, and backbone-building price negotiation tactics that drive real impact straight to the frontline of the customer buying experience. Navetti’s extensive expertise with large international manufacturing companies and their comprehensive pricing solutions are the foundation of their clients’ success in improving revenue and margins through pricing management and optimization. Navetti PricePoint™ provides manufacturers with a new pricing methodology, delivering sustainable profit improvements. The solution is tightly integrated with other core ITsystems like ERP, Data warehouse, PDM and other systems. Quantiz is a pricing management-consulting firm that uses Six Sigma and Process Excellence to enhance its analytical skills in order to develop differentiated services and solutions to improve our customers’ sustainable growth and profitability. Based in Sao Paulo, Brazil, the company was founded and is managed by Frederico Zornig, who also leads the Latin America chapter of Professional Pricing Society. Insight Analytics is a software and technology company that helps manufacturers, distributors, and service companies make better decisions to improve their profitability. Our SaaS solution consists of data management services, decision support analytics, and price management application. Periscope™, a McKinsey Solution, offers a suite of insight-driven commercial performance solutions for the manufacturing, chemicals, wholesale/distribution, consumer goods, retail, banking, travel and hospitality industries. Designed to improve performance and manage pricing challenges, each solution combines ongoing data management, analytical insights, software tools, and capability-enhancing support that deliver continuing impact by embedding McKinsey’s IP into client’s everyday way of working. Simon-Kucher & Partners Strategy & Marketing Consultants has the world’s largest and most experienced consulting practice dedicated to pricing and smart profit growth. We have over 690 employees on 4 continents. We have resolved complex pricing issues for more than 80 of the global Fortune 500 firms, and in the last three years we have conducted over 2,600 pricing projects. 26TH ANNUAL SPRING PRICING WORKSHOPS & CONFERENCE The Simon School is the first and only business school to offer a specialized pricing track within the full-time MBA program. Our pricing students learn the fundamentals of value-based pricing, price discrimination, market research, and techniques for estimating demand and price elasticity. Our advanced pricing courses cover B2B pricing, pricing under capacity constraints, competitive strategic pricing, auctions and behavioral pricing. Syncron Global Price Management software addresses the pricing challenges facing today’s global B2B companies. Syncron’s solutions help businesses gather and analyze price information. Using advanced analytics and a simple, flexible interface, customers can simulate, distribute and synchronize new prices across a global organization. By leveraging this unique cloud software, customers achieve substantial and immediate improvements to profitability and competitive position. Wiglaf Pricing is the premiere project-based pricing strategy consultancy guiding leading global firms from a wide variety of industries to profitability and pricing stability. With productized, customizable services in price setting, discount management, organizational development/design, and training, Wiglaf Pricing was founded on the premise that not all needs are identical, and that true pricing excellence requires thought and strategy leadership. KEYNOTE SPONSOR Software Pricing Partners specializes in the pricing of software products. Every software company knows that pricing is the key to profitability, but they are of unsure how to license, package and price their solutions methodically. We help clients improve their pricing practices so they can increase revenues, improve deal pricing and deal structure, shorten sales cycles, and redeploy discount dollars. Vendavo is a leading provider of price management and optimization software for B2B companies worldwide. Vendavo Enterprise Pricing Suite solves pricing problems by providing true enterprisewide control of the entire pricing process. It combines pricing science, best practices, and enterprise-class software to drive small improvements in average prices at every stage of the pricing process, delivering 10%30% profit increases. William Richard Associates is a pricing and revenue management recruiting firm. Since 2001, our expertise has been dedicated to the recruitment of pricing strategists at senior executive-level, mid-level management, and analyst-level. We offer retained, hybrid, and contingency search services to clients who are starting to build an internal pricing capability within their firm or adding to an existing pricing team. Strategic Analysis Inc., a global business consulting firm, uses its core capability in competitive intelligence to develop pricing, pricing strategy and tactics, and price benchmarking throughout an industry’s ecosystem to increase client profits. SAI drives its field-developed research to develop proactive, value-added results and recommendations for clients, and helps clients to better understand key opportunities and threats within their markets. Vistaar is a leading provider of price management solutions that enable companies to achieve pricing best practices through price analytics, price optimization, price list management and deal management. Our technology solutions transform pricing operations into a strategic advantage for some of the world’s largest manufacturers, distributors and service providers. Vistaar’s operations include six offices across North America, Europe and Asia. Zilliant provides companies with datadriven guidance, enabling better pricing and sales decisions across the business. Zilliant applications are built on our optimization platform, leveraging company data to provide insights on pricing and sales that grow the top and bottom line. Our flexible SaaS model enables customers to quickly and confidently improve their financial performance by integrating into existing systems and processes. WWW.PRICINGSOCIETY.COM YOUR BEST ONLINE RESOURCE FOR ALL THINGS PRICING! To address today’s changing world, our website www.pricingsociety.com continues to serve as the leading source for online articles, whitepapers, on-demand webinar recordings for members, and additional resources. The PPS website also houses the world’s largest pricing library, with over 600 articles written by pricing experts and thought leaders, as well as a career center where members can post or browse through career opportunities exclusive to the pricing industry. PPS is all about pricing all the time, wherever you are in the world. We provide 365/24/7 access to the resources you need to stay ahead of the competition, to network within the pricing community, and to build lifelong learning that will advance your career. DALLAS 2015 | www.pricingsociety.com/dallas2015 Visit the Pricing Authority Blog. www.ppspricingblog.wordpress.com Let’s get together on Facebook. www.facebook.com/ ProfessionalPricingSociety Let’s network on LinkedIn. www.linkedin.com/e/gis/79502 See the latest on YouTube! www.youtube.com/PricingSociety Join the conversation! www.twitter.com/PricingSociety #PPSDALLAS2015 Share on Pinterest! pinterest.com/pricingsociety 31 PRSRT STD AUTO U.S. POSTAGE PAID ATLANTA, GA PERMIT #2003 3535 Roswell Road, Suite 59 Marietta, Georgia 30062 USA ALSO PLEASE ROUTE: ATTENTION MAILROOM: If undeliverable to addressee, please forward to one of the departments on the route slip. (Lower left boxes) • VP/Director Marketing • VP/Director/Manager of Pricing • Product/Market Manager • President/General Manager REGISTRATION 26TH ANNUAL SPRING PRICING WORKSHOPS & CONFERENCE PLEASE COMPLETE AND SUBMIT one form per person MAY 5-8, 2015 DALLAS, TEXAS REGISTER ONLINE AT WWW.PRICINGSOCIETY.COM/DALLAS2015 Registrant Name_____________________________________________________ Title_ _________________________________________________________ Organization______________________________________________________________________________________________________________________ Address__________________________________________________________________________________________________________________________ City_ _______________________________ State/Province___________Country____________________________Zip/IPC______________________________ Phone_ ____________________________________________ Email__________________________________________________________________________ PLEASE SELECT THE WORKSHOP(S) YOU WISH TO ATTEND ❏ Option 1 TUESDAY & WEDNESDAY MAY 5 & 6 2-DAY WORKSHOPS ❏ Option 2 Spring 2015 Conference + 1 Workshop + Online CPP Bundle $5,095 Non-Member $4,795 Member ❏ WS1 • Fundamental Principles For Effective Pricing with Dr. Kent B. Monroe and Lillian L. Cheng ❏ Option 3 Spring 2015 Conference + 2-Day Workshop $3,595 Non-Member $3,295 Member ❏ WS2 • Change Management in Pricing: Theories, Best Practices and a Transformational Framework with Stephan Liozu, Ph.D. ❏ Option 4 Spring 2015 Conference + Two 1-Day Workshops $3,595 Non-Member $3,295 Member ❏ Option 5 Spring 2015 Conference + 1-Day Workshop $2,895 Non-Member $2,595 Member TUESDAY MAY 5 1-DAY WORKSHOPS ❏ Option 6 Spring 2015 Two 1-Day Workshops (May 5-6) ONLY $2,195 Non-Member $1,895 Member ❏ WS3 • Pricing and Corporate Strategy: The Pricing Decision Framework Proven Successful by the World’s Most Profitable Companies for Getting Pricing Done Right with Tim J. Smith, Ph.D., CPP ❏ Option 7 Spring 2015 2-Day Workshop (May 5-6) ONLY $2,195 Non-Member $1,895 Member ❏ Option 8 Spring 2015 1-Day Workshop (May 5 or May 6) ONLY $1,695 Non-Member $1,395 Member ❏ WS4 • The Sales-Pricing Partnership: How to Help Sales Win at Higher Prices with Chris Mitchell and Tannis Ashworth ❏ Option 9 Spring 2015 Conference (May 7-8) ONLY $1,995 Non-Member $1,695 Member ❏ WS5 • Mass Price Increases & Contract Renewals: Eliminate the Chaos with Todd Pate and Tonya Deweese WEDNESDAY MAY 6 1-DAY WORKSHOPS PLEASE SELECT YOUR CONFERENCE/WORKSHOP OPTION Spring 2015 Conference + 2 Workshops + Online CPP Bundle $5,895 Non-Member $5,595 Member REMEMBER: the 4th Attendee is FREE! When 3 people register from the same firm at the same time, a 4th person may register for the conference free of charge. Simply duplicate this form when submitting multiple registrants. SPECIAL NEEDS ❏ WS6 • Behavioral Pricing: Applying Behavioral Economics in B2B And B2C Pricing with Florian Bauer, Ph.D. Disability (visual, hearing, mobility) ❏ WS7 • How to Dramatically Grow Profits Through Improved Pricing with Paul Hunt Dietary restrictions: ❏ Vegetarian ❏ Kosher ❏ Other___________________________________ ❏ WS8 • 5 Steps to Improve Your Data and Enable Powerful Pricing with Dan Pilch and Scott Thiele PAYMENT METHOD ❏ WS9 • A Primer on Pricing and Revenue Optimization with Wei Ke ❏ WS10 • Advanced Strategic Pricing: Setting a Multi-Year Business Strategy & Execution to Enhance Profitability with Joanne Smith ❏ WS11 • Beyond the Number: Sales, Positioning, Pricing with Reuben Swartz ❏ WS12 • Pricing Strategy: Step-by-Step Approach for Developing Pricing Strategy in an Organization with Anton Malygin and Colin Carroll ______________________________________________________________________________ ENCLOSED ❏ PAYMENT MY ORGANIZATION ❏ BILL ❏ ❏ ❏ ❏ Credit Card #_ __________________________________________________________________ Exp. Date (MM/YY)____________________________________ CVC________________________ MAIL TO: Natosha McNeal, PPS Registrar, Professional Pricing Society, 3535 Roswell Rd., Suite 59, Marietta, GA 30062 USA PHONE: +1.770.509.9933 FAX: +1.770.509.1963 INTERNET: www.pricingsociety.com/DALLAS2015 EMAIL: Natosha@pricingsociety.com
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