Who shouldn’t lead pricing in a distribution business?
Many distributors include this responsibility in the role of a busy executive or consider it a back-office administrative position.
As a result, sales reps spend too much time trying to manage the process, do their best with what...
Distributors need to stop managing pricing with spreadsheets.
It’s impossible to manage all that data and the number of cost changes, as well as measure results in Excel.
Even if you have an elaborate custom Excel spreadsheet, you risk losing that when the analyst who built it goes on...
How to Overcome Resistance to Your Pricing Strategy
Most distributors give their teams a lot of autonomy for discounting and overrides. If you take away that flexibility, they will probably resist.
That’s why you must have a change management plan with any new pricing strategy.
You...
Don’t use technology as the Easy Button for pricing challenges. While technology may be part of the solution, that shouldn’t be your starting point.
If you try to patch pricing problems with software before you truly understand the current state of your pricing and the...
Many distributors include responsibility for pricing in the role of a busy executive or make it a back-office administrative position.
As a result, sales reps spend too much time trying to manage the process, do their best with what they have and are less productive.
...
In the latest episode of the Driven by DCKAP podcast, Karthik speaks with Scott Sinning, the Founder and CEO of Pricing for Distributors. Scott was formerly the VP of Pricing Strategy at Graybar Electric, has over 30 years of experience working in wholesale distribution, and he is a frequent...
Pricing is a powerful lever. We spoke with two pricing experts to shed some light on the best approaches to pricing for profit maximization:
- Scott Sinning, Founder, Pricing for Distributors, and former Vice President of Pricing Strategy, Graybar
- Brian Hopkins, Chief Customer Officer,...
This headline may be a question at the top of your mind as you think about how to improve your business performance. You’re leading a growth-oriented distributor and want profitable growth in any economic environment but are challenged by tightening margins and evolving customer...
Implementing a new pricing strategy takes work. That’s probably why many distributors avoid the project altogether. Worse, executives might invest big money in a pricing tool only to cut back on (or omit completely) supportive change management initiatives that ensure...
In these disruptive times it’s easy to feel frustrated and shake your fist about profit margins. After all, distributors are under pressure from every direction. It’s natural to blame someone else, such as your suppliers, your sales team, inflation or even your customers. But...