Key Responsibilities:
- Analyze pricing trends and identify opportunities to develop pricing models and strategies for price optimization to improve revenue and profitability.
- Conduct competitive analysis and gather market intelligence to inform pricing decisions.
- Develop and implement pricing strategies for various product categories and customer segments.
- Collaborate with other teams such as marketing and merchandising to align pricing decisions with overall business strategy.
- Liaise with other departments to ensure pricing plans are implemented correctly and efficiently.
- Monitor and report on pricing performance and make recommendations for adjustments as necessary.
- Work with finance team to ensure pricing decisions align with financial targets.
- Communicate pricing decisions and strategies to internal stakeholders.
- Provide guidance and support to other departments on pricing-related matters, for example new product development.
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