Optimizing Membership Structure for a Fitness Club

2024-03-12T13:44:47-04:00Categories: Industry Examples, Our Services, Pricing Analytics, Pricing Management, Pricing Optimization, Pricing Research, Pricing Strategy, Pricing Value, Revenue Management|

Background Our client is an international fitness organization with more than 1,000 locations across the country. This fitness club offers various programs that are tailored to fulfill the requirements of the communities they serve, benefiting thousands of individuals annually. The primary focus of this study was to analyze 30+ facilities located across several key [...]

Unveiling Pricing Mastery in Diverse Business Environments

2024-02-27T10:23:39-05:00Categories: Our Services, Pricing Analytics, Pricing in Retail, Pricing Optimization, Pricing Research, Pricing Strategy, Pricing Training, Pricing Value, Revenue Management|

Background Our client is a global software holding companies that operate within the transportation sector. With more than 20 companies, each business unit presented a different level of pricing maturity, challenges, and opportunities. Iris Pricing Solutions was contacted to develop a pricing workshop to educate their top leaders on best practices for setting, communicating, [...]

How to Optimize Prices in 2024

2024-02-05T11:53:26-05:00Categories: Crisis Management, Inflation Pricing, Pricing Management, Pricing Optimization, Pricing Research, Pricing Strategy, Pricing Tools, Pricing Value, Recession Pricing, Revenue Management, Services|Tags: , , , , , |

A note from Iris Pricing Solutions President: Kirk Jackisch 3 Ways Businesses Can Optimize Prices in 2024 As 2024 progresses amidst global uncertainty, businesses face significant challenges. Recent years have witnessed escalating costs and diminishing profit margins, prompting frequent price increases, often occurring multiple times annually. Despite this, businesses have increasingly embraced robust price [...]

Sophisticated Approach to Menu Price Structure

2023-12-12T11:03:44-05:00Categories: Our Services, Pricing Analytics, Pricing in Retail, Pricing Optimization, Pricing Research, Pricing Strategy, Pricing Value, Revenue Management|

Embark on a journey with one of North America's largest quick-service restaurant giants, with over 3,000 franchised locations and revenue surpassing $5 billion. Fueled by strategic pricing decisions, their success faced a challenge when certain price hikes led to a dip in market share. In response, our client sought the expertise of Iris Pricing [...]

Mastering the Price Wars: Thriving in Competitive Markets

2023-10-24T12:00:00-04:00Categories: Pricing Analytics, Pricing and Selling, Pricing Management, Pricing Optimization, Pricing Research, Pricing Value, Revenue Management|

By: Ed Heskins, Head of Pricing, Europe To be in business is to be in competition.  Few, if any, businesses operate in a vacuum, and even if your products and services are highly differentiated, customers will often seek alternatives to compare you with.  In this way, pricing against your competition is as challenging as [...]

Economic Rollercoaster: Riding the Waves of Uncertainty with Price Agility

2024-01-10T14:43:03-05:00Categories: Crisis Management, Industries & Clients, Inflation Pricing, Pricing Management, Pricing Optimization, Pricing Strategy, Pricing Value, Recession Pricing, Revenue Management|

By Kirk Jackisch: President, Iris Pricing Solutions As we venture into the second half of 2023, businesses continue to face a range of pricing challenges that require careful navigation and strategic planning – covered in our previous article, The Current State of Pricing. The landscape is influenced by factors such as inflation, interest rates, [...]

The Current State of Pricing – 2023 Recession

2024-01-10T14:43:21-05:00Categories: Crisis Management, Inflation Pricing, Pricing Management, Pricing Optimization, Pricing Research, Pricing Strategy, Pricing Tools, Pricing Value, Recession Pricing, Revenue Management, Services|Tags: , , , , , |

A note from Iris Pricing Solutions President: Kirk Jackisch As we approach the end of 2022, it is clear that pricing leaders will need to navigate a very unpredictable market…perhaps more than ever before. With this uncertainty, leaders must employ resilient, proactive, and competitive pricing strategies. What We Saw Across Industries Almost all companies [...]

Pricing a Digital MedTech Device for use in Clinical Trials

2023-01-30T16:11:17-05:00Categories: Pricing Management, Pricing Research, Pricing Strategy, Pricing Value|Tags: , , , , |

About the Device Our client, an established manufacturer of syringes, had developed a prototype digital injection device designed for use in clinical trials. This data-enabled injection device would automatically capture injection data without interfering with the injection device's usability. Specifically, the device would capture the start/stop time, completion and device ID. The target customers [...]

Power of Pricing Analytics in Retail and E-Tail Decision Making

2022-11-29T13:04:55-05:00Categories: Differentiation Strategies, ecommerce, Our Services, Pricing Analytics, Pricing Changes, Pricing in Retail, Pricing Management, Pricing Strategy, Pricing Tools, Pricing Value, Services|Tags: , , , , , , , , , |

By: Ben Garden, Director of Analytics, Iris Pricing Solutions There are significant benefits to working with a team who has high-level pricing analytical skills and can use your company's data to inform pricing and create new pricing opportunities, especially in the areas of e-commerce and competitive intelligence. Leveraging your data and analytics to make [...]

Getting Everyone Onboard for Price Increases

2024-01-10T14:43:56-05:00Categories: ecommerce, Inflation Pricing, Pricing Changes, Pricing Management, Pricing Optimization, Pricing Strategy, Pricing Tools, Pricing Value, Recession Pricing, Revenue Management|

Price actions are not unique Companies are constantly testing the extent of their pricing power. Faced with rising costs for materials, transportation, and workers, companies are charging more for products from metal fasteners to Oreo cookies. The primary response to inflation is to become more efficient, but inflation is currently so high, that productivity [...]

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