Pricing is a business’s strongest profit lever. Unfortunately, it is often the most neglected and when poorly managed it erodes margins very quickly. So, how does a finance leader ensure that their company manages pricing as professionally as they manage costs?
In his keynote at this year’s Manufacturing Finance Summit, Dr Peter Colman advised how to ensure that pricing doesn’t cost your business everything. A 5% improvement in price leads to a 33% increase in operating income – image courtesy of Depositphotos. Pricing is the most powerful profit lever, and professional price…
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