Products & Services

Pricing Strategy

Data driven price management is a proven methodology that allows prices to be created that are fully informed by insights on expected customer behaviour, margin and financial results. By drawing on rigorous analytical foundations, the approach allows significant improvements in margin/volume through greater pricing agility and control.

Click here for specific details about our Insurance Pricing capability.

Identifying pricing opportunities

As the pressure increases to deliver improvements in financial performance, Quantium’s evidence based approach to pricing helps companies optimise performance through the implementation of innovative and technically robust pricing strategies.

Using proprietary modelling techniques and software, coupled with a sound strategic understanding of the ingredients of a successful pricing function, we have helped some of Australia’s leading brands implement pricing strategies that have simultaneously improved both profitability and market share.

Key strategic questions answered

• How should I structure my pricing function to work within the business and ensure pricing success?
• How should I adapt my pricing and product design to suit the distribution channels and strategies chosen for my business?
• What is the impact of product and promotion and how should my pricing take these factors into account?
• What pricing strategies should I adopt to effectively manage both acquisition and retention of profitable customers?
• How should I set prices to optimise profit-volume outcomes for the business?
• What is the impact of competitor pricing and how should I respond in a dynamic market?
• How do I flexibly adjust my prices to deliver against ever changing business priorities?

By applying actuarial principles to understand the impact price has on sales volume and profitability at a highly granular level, Quantium helps its clients accurately predict sales volumes under different pricing scenarios.  This underpins the development of robust and flexible pricing strategies that will adapt to the changing market place.

“eBay is very focussed on ROI and Quantium have certainly delivered in this area, exceeding our high expectations”