Pricing Analysts typically work for corporations across industries to establish market prices for products that allow corporations to profit while also staying competitive. They work closely with the sales, marketing, finance and product engineering teams to determine how to price company products effectively. Their job is to evaluate product quality, competitor pricing and customer reviews to create appropriate market prices for products or services. They may also be responsible for establishing sales prices and working with the sales and marketing teams to develop ideas for seasonal sales opportunities.
Was macht ein Pricing Analyst?
A Pricing Analyst, or Cost Pricing Analyst, is responsible for determining the appropriate pricing for company products based on a variety of factors. Their duties include conducting market research to learn more about competitor pricing for similar items, reviewing previous sales data and company revenue needs and deciding a market price for a range of products based on their findings.
Aufgaben
Ein Pricing Analyst sollte in der Lage sein, verschiedene Aufgaben und Verantwortlichkeiten zu erfüllen. Im Folgenden sind einige Aufgaben und Verantwortlichkeiten aufgeführt, die ein Pricing Analyst ausführen können sollte:
Analyze pricing data from industry standards, previous sales trends and competitors and report data to decision-makers
Identify marketing strategies to increase profits
Develop measurement tools to identify changing market trends
Identify appropriate sales and clearance prices to increase customer traffic
Compare sales trends to previous periods and determine the cause for decrease or increase
Benötigte Fähigkeiten
Ein wettbewerbsfähiger Pricing Analyst verfügt über bestimmte Fähigkeiten und Qualifikationen, darunter:
Analytical: Strong analytical skills are necessary to compare sales trends and determine market data.
Communication: Excellent written and verbal communication skills are important, as pricing analysts work with team members at all levels, including store associates, office staff and executive team members.
Detail-oriented: The ability to pay close attention to detail while remaining accurate is crucial in the analysis of large collections of data.
Problem-solving: Pricing analysts use problem-solving skills to identify declining sales trends and devise strategies to improve them.
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