- Monitor competitor pricing for many SKUs on a daily, weekly, and monthly basis.
- Establish a system of documentation and reporting to capture P&L impact of pricing actions throughout the product life cycle.
- Analyze historical data, cost information and competitive pricing data to develop equitable and profitable selling prices for our products.
- Work with external vendors and internal stakeholders to provide profit and margin analysis at a SKU, client, and channel level.
- Identify opportunities to optimize sales and profitability through pricing strategies.
- Work with Supply Chain and Operations to monitor changes in product and freight expense and adjust prices accordingly to maximize profitability.
- Work closely with the Sales organization to understand competitive impact of pricing decisions.
- Evaluate and approve promotions and sales events including assessment of their impact on margin.
- Present ongoing pricing recommendation and results to Product, Finance and Sales leaders.
- Drive change in company best methods and be a resource for strategic pricing enhancements. Work on special projects that provide company.
- Develop pricing policies and procedures.
- Execute price changes in internal ERP systems.
- Other duties as assigned.
- Bachelor's degree in Business, Finance, Economics, Marketing, or equivalent.
- Master's degree preferred.
- 5+ years of data-driven marketing or finance-related experience.
- Excellent written, verbal, and interpersonal communication skills.
- Knowledge of established accounting, purchasing, and manufacturing practices.
- Advanced Excel, SQL and MS Access modeling skills and proficiency with PowerPoint including ability to manipulate large quantities of data.
- Strong analytical, problem solving and decision-making skills.
- Ability to quickly evaluate incoming work and manage priorities in time critical situations.
- Ability to extract meaning and suggest action items from data, not just report metrics.
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Strategic Pricing Manager - Boise, United States - Western Power Sports (WPS)
Description
Summary:
Responsible for coordinating and monitoring pricing across all channels and clients, as well as, developing robust pricing models and making recommendations to management.
Duties:
Education and Qualifications: