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The value of competitive pricing intelligence

11th EPP Life Sciences Forum - October 2022 - Zurich (Switzerland)

 

  • What is the acceptance of value-based pricing/selling in your organization?
  • What is the role of competition in your pricing practices?
  • How do you acquire and process competitive knowledge and leverage it for pricing?

It is fundamental to identify the sources of pricing data and their limitations: within the organization vs external.

At the same time, information should be structurally processed to generate insights, without turning it into a reporting activity.

This can be done by:

  • Identifying sources of data and using a crowdsourcing approach to acquire knowledge
  • Managing unstructured data with high level of uncertainties
  • Putting data together to generate insights

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