Parma , OH , United States
Integrate Strategic Pricing into the New Product Development process. Improve and sustain procedures to continuously review and adjust pricing based on changing competitive landscape.
Centralize price maintenance functions where appropriate to increase controls. Streamline and standardize the pricing process into one controlled central pricing procedure.
Manage the price maintenance process for new customers new products promotions price increases etc. Proactively seek out alternative pricing strategies in Distribution Channels and Product Lines through price increases to drive OI or price decreases to drive volume.
Ad-hoc projects and analysis / other duties as assigned. BS Degree in Business or Finance MBA preferred must come from a manufacturing background in pricing and product management.
Establish a price verification procedure for assigned Business Unit (Quoted price vs. Customer price). Implement pricing actions as developed in the approved price plan including collaboration and communication to Pricing Manager internal management (Business Units Marketing Teams Account Management Customer Service) and external customers.
Focus on Strategic Pricing opportunities that will drive significant enhancements to Operating Income: Integrate competitive pricing database into pricing analysis process. Utilize competitive pricing to look for pricing gaps and opportunities for the company. Identify immediate opportunities to adjust pricing based on business unit objectives.
Long-Term focus on Strategic Pricing analysis to result in an enhancement of pricing for all existing products based on logical price progressions Customer and product price elasticity Contribution margin validation utilizing standard costs and maximizing operating profit through price. .
• EDUCATION: BS Degree in Business or Finance MBA preferred
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