Pricing is undergoing a revolution fueled by big data, advanced analytics tools, and powerful digital capabilities. Distribution businesses are well positioned to reap the benefits of this revolution, given the high volume of transactions they support and the breadth and complexity of both their product and customer portfolios. The pricing capability is critically important in a business where margins tend to be razor thin; no other lever can do more to raise earnings. But mind-sets haven’t caught up. Many industry leaders still relegate pricing to a “deal desk” rather than making it the centerpiece of commercial excellence.
Read the full article: https://www.mckinsey.com/business-functions/marketing-and-sales/our-insights/pricing-distributors-most-powerful-value-creation-lever
Photo Credits: Unsplash/Joel Muniz
