company policies
The set of rules that govern the activity of a company.
Pricing specialists analyse production prices, market trends and competitors in order to establish the right price, taking brand and marketing concepts into consideration.
Competences and skills
31 ESCO relationsEssential knowledge 2 competences
Occupation specific
0 competencesNo competences in this bucket.
Sector-specific
1 competenceCross-sector
1 competencedata mining methods
Data mining techniques used to determine and analyse the relationship between different elements of economy and marketing.
digital
Essential skills and competences 17 competences
Occupation specific
3 competencesidentify pricing opportunities
Adapt prices to maximize revenue, including price-marked packs, for brand performance and business development.
maintain pricing database
Maintain internal and external database to ensure that all pricing data are permanently accurate and up-to-date.
digital
perform financial analysis on price strategies
Make up a thorough financial analysis for a business. Monitor pricing actions and strategies.
Sector-specific
4 competencescommunicate price changes
Transparent, straightforward and effective communication with all departments involved; clearly communicate about price changes and their possible consequences.
ensure compliance with purchasing and contracting regulations
Implement and monitor company activities in compliance with legal contracting and purchasing legislations.
make price recommendations
Make price recommendations based on factors such as standard costs, promotions, freight, margin expectations, and customer relationships.
set up pricing strategies
Apply methods used for setting product value taking into consideration market conditions, competitor actions, input costs, and others.
Cross-sector
10 competencescarry out statistical forecasts
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.
comprehend financial business terminology
Grasp the meaning of basic financial concepts and terms used in businesses and financial institutions or organisations.
maintain financial records
Keep track of and finalise all formal documents representing the financial transactions of a business or project.
manage profitability
Regularly review sales and profit performance.
manage yield
Ability to conceive a pricing strategy based on understanding, anticipating, and influencing consumer behaviour in order to maximise revenue or profit from a fixed perishable resource from airline resources, such as seats.
perform data analysis
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.
digital
perform market research
Gather, assess and represent data about target market and customers in order to facilitate strategic development and feasibility studies. Identify market trends.
perform risk analysis
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.
prepare cost-plus pricing models
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.
present reports
Display results, statistics and conclusions to an audience in a transparent and straightforward way.
Optional knowledge 8 competences
Occupation specific
0 competencesNo competences in this bucket.
Sector-specific
3 competencesanti-dumping law
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.
international taxation of transfer prices
The requirements and regulations of the transfer prices of goods and services between legal entities, especially in an international setting.
product comprehension
The offered products, their functionalities, properties and legal and regulatory requirements.
Cross-sector
5 competencescommunication principles
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.
competition law
The legal regulations that maintain market competition by regulating anti-competitive behaviour of companies and organisations.
data visualisation software
A computer tool or application that creates a graphical and visual representation of data, allowing a better understanding and interpretation of complex data through visual elements such as maps, charts, infographics or graphs.
digital
teamwork principles
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.
value-added tax law
Taxes imposed on the purchase prices of goods and the legislation that governs this activity.
Optional skills and competences 4 competences
Occupation specific
0 competencesNo competences in this bucket.
Sector-specific
1 competencecommunicate price changes
Transparent, straightforward and effective communication with all departments involved; clearly communicate about price changes and their possible consequences.
Cross-sector
3 competencesbuild business relationships
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.
have computer literacy
Utilise computers, IT equipment and modern day technology in an efficient way.
digital
manage contracts
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 on and document any changes in line with any legal limitations.