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Applying Price Optimization in the Commodity-Driven Chemicals Industry

September 29, 2021

One of the largest misconceptions about pricing is that price optimization cannot be applied within commodity-driven industries such as the chemicals industry. In this webinar, Zilliant Principal Pricing Scientist Kevin Pierson discussed not only how it’s possible, but how to deal with data sparsity and how to dynamically bring cost data into your pricing model. Watch now to learn:

  • Strategies on analyzing, updating and publishing new pricing as quickly as the market changes.
  • How to address supply variance, numerous commodities being manufactured or distributed, a high variance in how commodities are utilized across products, data sparsity and more.
  • How to use price optimization to scale to meet highly complex pricing challenges in commodity-based industries.
  • Best practices to use cost data to more intelligently and more effectively respond to changing market conditions via pricing

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