Open Pricer

As the year 2024 comes to a close, we want to celebrate this year's milestones that pushed the boundaries of pricing optimization to empower you—pricing professionals, logistics leaders, and transportation experts to achieve more in the coming years. 📦🚛 📚 You gained actionable insights: - You have discovered how to navigate market challenges with our blog article: Pricing Strategies for Carriers When Volumes Decrease https://hubs.li/Q02_Zwh80 📖 You have seen how to optimize every transaction with our white paper: Maximize Your Margin: The Power of Accurate Cost and Willingness to Pay Predictions https://hubs.li/Q02_ZMZw0 🎙️ Dove deeper into parcel pricing strategies when Nicolas NEMORIN (CPP) joined Ian Kerr and Andre Pharand on The Postal Hub to share tips on Costing for Pricing in the Parcel Delivery and Postal Industry https://hubs.li/Q02_ZQzd0 🚀 You explored new capabilities: With the release of Open Pricer Version 10, you can now evaluate your pricing strategies more effectively using the new Volume Scenarios tool https://hubs.li/Q02_ZHgR0 🤝 You can benefit from stronger partnerships: A new collaboration with rateHERO, combining expertise to optimize LTL Pricing in North America aims at helping carriers and 3PLs protect and improve their margins https://hubs.li/Q02_ZB7s0 💡 Looking ahead to 2025, we are excited to continue innovating, collaborating, and driving pricing excellence. Thank you to our partners, clients, and community for making 2024 such a remarkable year. Together, we are shaping the future of smarter pricing! #PricingOptimization #ParcelPricing #RevenueManagement

🚛📦 Carriers, differentiate Rerating and Improve your margin with Rerating Campaigns. Are you looking for a way to increase margins while maintaining customer satisfaction? With Rerating Campaigns, you can achieve fair and objective price increases tailored to each customer. ✅ Boost your net margin ✅ Reduce price disparities ✅ Improve customer retention Rerating Campaigns provides a collaborative platform for your pricing analysts, sales teams, and management to define campaign goals, differentiate price increases using criteria of your choice, track progress in real-time and measure outcomes effectively. Learn more https://hubs.li/Q02_yPDW0 #PricingOptimization #ReratingCampaigns #RevenueManagement #PricingStrategy

Open Pricer is excited to announce our sponsorship of Manifest: The Future of Supply Chain & Logistics - A 3-day event being held February 10th - 12th, 2025, at The Venetian, Las Vegas. 🤝 Meet us at our booth in the exhibit hall close to the restaurant area! Join us for the premiere gathering that unites the entire eco-system of global supply chain executives, logistics service providers, innovators and investors at the forefront of logistics tech and end-to-end supply chain. To learn more, and to join us at a discounted rate, visit https://hubs.li/Q02-wWvh0 #Manifest2025 #ManifestVegas

Accurate costing isn't just a financial exercise—it’s a strategic tool that empowers carriers to make smarter pricing decisions and drive profitable growth. Yet, many carriers face challenges like outdated cost models or a lack of granularity, leaving money on the table or risking unprofitable deals. 🔑 Why accurate costing is critical: - Prevent margin leakage by identifying hidden costs. - Stay competitive during price wars by leveraging precise data. - Make informed decisions about customer profitability and pricing strategies. Take a look at Costing for Pricing – the case of Parcel Networks to learn more on the benefits of accurate costing: https://hubs.li/Q02Zwqn20 Ready to modernize your costing models and boost your profitability with Open Pricer's Costing Engine? 📊 Model and update unit costs with ease 📈 Provide profitability insights by customer, product, and destination 🚀 Enable smarter pricing decisions Learn More: https://hubs.li/Q02Zwmzp0 #CostingForPricing #PricingStrategy #Profitability

Thanks to FutureUP and George Boretos for sharing insights on the top challenges pricing and business leaders face today. 🤯 In logistics, price optimization can be a very difficult endeavour because: 🔹 Pricing structures are multidimensional and complex (weights, volumes, destinations, routes, service levels, days of shipping...) 🔹 Multiple factors influence a customer’s willingness to pay 🔹 Customers shipping profiles vary and demand tends to be even more difficult to predict 🔹 Costs are volatile, depending on capacity available, seasonality 🔹 Competition is fierce You need to have the right models and technology, tailored to the very characteristics of logistics. As one price does not fit all Open Pricer’s platform leverages AI to provide you with data-driven insights to: ✅ Pinpoint optimal prices for different customer segments and shipping profiles ✅ Identify and seize profitable opportunities while mitigating churn and attrition risks ✅ Deliver prices across channels instantly with an API-powered rating engine 🚀 Empower your Sales and Pricing teams to lead successful negotiations with precision and flexibility, ensuring they maximize customer lifetime value. Discover more on how to elevate your pricing strategy: https://lnkd.in/eh3g3bTX #AIpricing #LogisticsPricing #PriceOptimization

How do you approach general price increases? Navigating the balance between profitability and customer retention is challenging, especially when price disparities and exemption requests can derail your efforts. That’s where Rerating Campaigns help you optimize your pricing strategies with precision. Support your business goals: ✅ Fair pricing: Differentiate price increases based on data-driven analyses. ✅ Higher margins: Unlock a potential +1% in net margin by reducing disparities and limiting exemptions. ✅ Better retention: Mitigate customer loss with targeted retention strategies for high-risk accounts. ✅ Complete control: Leverage workflows and real-time dashboards to monitor progress and empower your sales teams. 🎯 Whether you manage small, medium, or large accounts, this solution simplifies rerating while ensuring alignment with your objectives. Learn how Rerating Campaigns can drive value for your business: https://hubs.li/Q02Yk_lC0 #PricingStrategy #RoadFreightPricing #ParcelPricing #RevenueGrowth #OpenPricer

As a carrier, you’re probably facing unexpected price disparities across similar profiles of clients. How can you capture the full value of each contract and ensure a consistent pricing strategy? Have you ever heard about the “Fair Price model”? Open Pricer’s Fair Price is a powerful Machine Learning model allowing businesses to: ✅ Maximize the value of customer contracts ✅ Equip sales teams to negotiate confidently and fairly ✅ Receive recommendations that match your strategy, every time Learn more: https://lnkd.in/gMUpp3Uh To learn more, you can also meet us at ULTL Live III in Arlington, VA from November 11 to 12 hosted by our partner Curtis Garrett CEO of rateHERO. 📦🚛 Let’s connect and discuss the latest best practices in pricing for parcel and road freight! https://lnkd.in/g_BjvxHS #ULTLIII #FairPrice #LTLPricing #ParcelPricing #RoadFreightPricing

Speed and accuracy are non-negotiable for carriers. Whether you’re handling fluctuating demand or managing real-time pricing across platforms, our guide highlights practical steps to address these challenges. Learn more on essential strategies to empower parcel and freight carriers in an ever-evolving market: https://hubs.li/Q02Wqc4P0 #PricingOptimization #Profitability

With machine learning, you can predict transaction prices more accurately and consistently than human experts. While this technology offers speed and the ability to handle vast amounts of data, is it all you need for pricing optimization? Learn more about how machine learning can optimize pricing, in our article Is machine learning all you need to optimize pricing? https://hubs.li/Q02VGCrw0 #PricingStrategy #RevenueManagement #AIPricing 🤖📈

🔎 Accurately estimating service costs and understanding customers' willingness to pay (WTP) are crucial for effective pricing strategies. Precise predictions can help parcel carriers win price-sensitive deals while maximizing profitability. By enhancing your ability to forecast costs and WTP, you not only improve your margin rates but also create more tailored offerings that resonate with your customers. Dive into the findings and learn how you can leverage this knowledge for spot transactions and long-term agreements: https://hubs.li/Q02TQ5wL0 #PricingStrategy #CostPrediction #WillingnessToPay #MarginOptimization