MindShare Preview: Optimizing B2B2C Omnichannel Pricing

By Zilliant

May 30, 2023

Attendees at MindShare Europe will learn how a building products distributor used price optimization and management software and competitive data to drive market-aligned prices while avoiding conflict between its B2B and B2C online channels.

How a Two-Person Pricing Team Leverages Competitive Data and Pricing Software to Optimize B2B2C Omnichannel Pricing

Updating, aligning, and delivering prices across all B2B channels can be a challenge in and of itself, but that challenge can get even more complex when B2C channels are added into the mix. For one building products distributor, that was just the case. It found that balancing pricing across its B2B and B2C channels was a major challenge as goals and pricing approaches between the two were often in conflict.

The distributor’s B2B channel was complex due to a large product portfolio and a lack of transparency in customer negotiations. Pricing for the company’s multiple B2C web shops seemed relatively simple in comparison because eCommerce prices offered full transparency and applied to fewer products. However, the B2C landscape was more difficult to navigate because of added competition and a nearly unlimited customer base.

The distributor needed to strike a delicate balance for omnichannel pricing across its B2B and B2C markets. B2B sales reps wanted fair and communicable prices, while B2C sales reps wanted competitive pricing. Ultimately, the company needed to win B2C business without undercutting prices in its B2B channel, which was its largest revenue driver.

The distributor’s two-person pricing team partnered with Zilliant to help tackle its B2B2C pricing challenges. Zilliant understood its business model, offered excellent support that enabled more agility, and was proactive in presenting creative solutions to its complex business problems. The distributor implemented Zilliant Price IQ® to optimize and derive market-aligned prices, calculate price elasticity, and create strategic pricing rules. Later, the company also used Zilliant Price Manager™ to help make competitive price moves based on predefined strategies and improve overall decision-making.

Today, the distributor has seamless omnichannel pricing that enables it to quickly respond to competitor pricing, intelligently adjust pricing between B2B and B2C channels, and rationally implement advanced pricing strategies.

MindShare 2023 Sponsor Highlight: Thank You to our Premium Sponsor PwC!

With offices in 152 countries and almost 328,000 people, PwC is among the leading professional services networks in the world. We help organizations and individuals create the value they are looking for, by delivering quality in Assurance, Tax and Advisory services. Our purpose is to build trust in society and solve important problems; it is at the core of everything we do. It guides how we serve our clients, our people and the world. To help our clients build trust and deliver sustained outcomes, PwC provides professional services across two segments: Trust Solutions and Consulting Solutions. Within these segments we bring a range of capabilities to help organizations solve faster, solve more and realize more value. These capabilities include cloud and digital, deals, ESG, cybersecurity and privacy, governance/boards, risk, transformation, tax services and much more.

Are you ready to learn how Zilliant can help you overcome your pricing challenges?

Reach out to us today to learn how we can help!