Pricing Specialist Business & Administration Professionals
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Pricing specialists analyse production prices, market trends and competitors in order to establish the right price, taking brand and marketing concepts into consideration.
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Where Do I Start?
Company Policies
The set of rules that govern the activity of a company.
Sign up to trackReady to go deeper? Pick up to 3 skills to focus on from the list below.
These are common skills for this role. Real-world experience matters more than ticking every box — use this as a guide, not a checklist.
Skills You Need to Become a Pricing Specialist
Essential Skills
Essential Skills
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EssentialCompany Policies knowledge
The set of rules that govern the activity of a company.
No book recommendations available yet.
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EssentialData Mining Methods knowledge
Data mining techniques used to determine and analyse the relationship between different elements of economy and marketing.
Recommended Books
1 bookFrom Questions to Process Improvement: Mastering Process Mining Methods -
EssentialCarry Out Statistical Forecasts skill
Undertake a systematic statistical examination of data representing past observed behaviour of the system to be forecast, including observations of useful predictors outside the system.
Course recommendations coming soon.
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EssentialComprehend Financial Business Terminology skill
Grasp the meaning of basic financial concepts and terms used in businesses and financial institutions or organisations.
Course recommendations coming soon.
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EssentialEnsure Compliance With Purchasing And Contracting Regulations skill
Implement and monitor company activities in compliance with legal contracting and purchasing legislations.
Course recommendations coming soon.
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EssentialMaintain Financial Records skill
Keep track of and finalise all formal documents representing the financial transactions of a business or project.
Course recommendations coming soon.
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EssentialManage Profitability skill
Review on a regular basis sales and profit performance.
Course recommendations coming soon.
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EssentialPerform Data Analysis skill
Collect data and statistics to test and evaluate in order to generate assertions and pattern predictions, with the aim of discovering useful information in a decision-making process.
Course recommendations coming soon.
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EssentialPerform Market Research skill
Gather, assess and represent data about target market and customers in order to facilitate strategic development and feasibility studies. Identify market trends.
Course recommendations coming soon.
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EssentialPerform Risk Analysis skill
Identify and assess factors that may jeopardise the success of a project or threaten the organisation's functioning. Implement procedures to avoid or minimise their impact.
Course recommendations coming soon.
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EssentialPresent Reports skill
Display results, statistics and conclusions to an audience in a transparent and straightforward way.
Course recommendations coming soon.
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EssentialSet Up Pricing Strategies skill
Apply methods used for setting product value taking into consideration market conditions, competitor actions, input costs, and others.
Course recommendations coming soon.
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EssentialIdentify Pricing Opportunities skill
Adapt prices to maximize revenue, including price-marked packs, for brand performance and business development.
Course recommendations coming soon.
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EssentialMaintain Pricing Database skill
Maintain internal and external database to ensure that all pricing data are permanently accurate and up-to-date.
Course recommendations coming soon.
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EssentialMake Price Recommendations skill
Make price recommendations based on factors such as standard costs, promotions, freight, margin expectations, and customer relationships.
Course recommendations coming soon.
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EssentialPerform Financial Analysis On Price Strategies skill
Make up a thorough financial analysis for a business; monitor pricing actions and strategies.
Course recommendations coming soon.
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EssentialPrepare Cost-Plus Pricing Models skill
Make up cost and pricing models on a regular basis by taking into account the cost of materials and supply chain, personnel and operating costs.
Course recommendations coming soon.
Optional Skills (5 of {{ profession.optional_skills|length }} displayed)
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OptionalCommunication Principles knowledge
The set of commonly shared principles in regards with communication such as active listening, establish rapport, adjusting the register, and respecting the intervention of others.
Recommended Books
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OptionalInternational Taxation Of Transfer Prices knowledge
The requirements and regulations of the transfer prices of goods and services between legal entities, especially in an international setting.
Recommended Books
2 book{{ skill.books|length|pluralize }} -
OptionalCompetition Law knowledge
The legal regulations that maintain market competition by regulating anti-competitive behaviour of companies and organisations.
Recommended Books
1 book{{ skill.books|length|pluralize }} -
OptionalProduct Comprehension knowledge
The offered products, their functionalities, properties and legal and regulatory requirements.
No book recommendations available yet.
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OptionalTeamwork Principles knowledge
The cooperation between people characterised by a unified commitment to achieving a given goal, participating equally, maintaining open communication, facilitating effective usage of ideas etc.
No book recommendations available yet.
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OptionalAnti-Dumping Law knowledge
The policies and regulations that govern the activity of charging a lower price for goods in a foreign market than one charges for the same goods in a domestic market.
Recommended Books
2 book{{ skill.books|length|pluralize }} -
OptionalValue-Added Tax Law knowledge
Taxes imposed on the purchase prices of goods and the legislation that governs this activity.
Recommended Books
2 book{{ skill.books|length|pluralize }} -
OptionalBuild Business Relationships skill
Establish a positive, long-term relationship between organisations and interested third parties such as suppliers, distributors, shareholders and other stakeholders in order to inform them of the organisation and its objectives.
Course recommendations coming soon.
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OptionalHave Computer Literacy skill
Utilise computers, IT equipment and modern day technology in an efficient way.
Course recommendations coming soon.
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OptionalManage Contracts skill
Negotiate the terms, conditions, costs and other specifications of a contract while making sure they comply with legal requirements and are legally enforceable. Oversee the execution of the contract, agree …
Course recommendations coming soon.