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Director of Pricing Strategy
2 months ago
Staples is a leader in the business-to-business sector, uniting diverse solutions for our clients.
Quill, a prominent member of the Staples family since 1956, excels in providing essential office supplies and services.
Since its acquisition by Staples in 1998, Quill has committed to delivering exceptional customer support and valuable solutions that empower both customers and employees. Partnering with Quill ensures a rewarding experience every workday.
We offer a wide range of products, from office essentials to technology solutions, alongside an extensive selection of over 900 instant rewards available with each order.
Key Responsibilities:
- Formulate and execute a comprehensive pricing strategy that aligns with the organization's business goals, market conditions, and competitive landscape.
- Conduct in-depth market analysis, competitor assessments, and customer segmentation to pinpoint pricing opportunities and challenges.
- Lead cross-departmental teams in the implementation of pricing strategies, collaborating closely with merchandising, marketing, finance, and loyalty programs.
- Employ advanced analytics and sophisticated pricing models to assess pricing performance and identify areas for enhancement.
- Drive initiatives for pricing optimization, utilizing data-driven insights to refine pricing structures, discount strategies, and promotional pricing.
- Continuously observe market trends, competitor actions, and customer behaviors to proactively adjust pricing strategies for optimal profitability.
- Establish and uphold robust pricing governance frameworks, policies, and procedures to ensure adherence to industry best practices.
- Implement effective pricing controls and review processes to mitigate pricing-related risks and maintain pricing integrity across the organization.
- Provide strategic guidance to sales teams in pricing negotiations, contract renewals, and customer-specific pricing strategies.
- Collaborate with Merchandising to evaluate pricing implications of new products, features, and offerings.
- Develop and implement comprehensive pricing performance metrics, dashboards, and reports to monitor the effectiveness of pricing strategies.
- Regularly present insightful reports and updates on pricing performance, market trends, and competitive analysis to senior leadership and key stakeholders.
- Deliver pricing insights, recommendations, and strategic plans to senior leadership to facilitate informed decision-making and align pricing initiatives with business objectives.
Qualifications:
- Proven experience in driving revenue growth and profitability through effective pricing strategies.
- Strong leadership skills, with a background in leading and developing high-performing pricing teams.
- Exceptional strategic thinking, analytical capabilities, and proficiency in data analysis tools and pricing software.
- Excellent communication and presentation skills, with the ability to convey complex pricing concepts to diverse audiences.
- Deep understanding of market dynamics, pricing methodologies, and optimization techniques.
- Strong business and financial acumen, with the ability to analyze profitability and margin calculations.
- Detail-oriented approach with a focus on accuracy, data integrity, and compliance.
- Ability to collaborate effectively across departments and manage multiple projects simultaneously.
Basic Qualifications:
- Bachelor's degree in business, economics, finance, or a related field; advanced degree preferred.
- Extensive experience (10+ years) in strategic pricing management, strategy development, and execution, ideally in a leadership capacity.
Preferred Qualifications:
- Hands-on experience with PowerBi, Snowflake, or Python.
We Offer:
- An inclusive culture with associate-led Business Resource Groups.
- Flexible PTO (22 days) and a comprehensive holiday schedule.
- Online and retail discounts, company-matched 401(k), wellness programs, and more.
At Staples, we are committed to fostering an inclusive culture where all employees feel valued and supported to contribute to their fullest potential. We believe that when we operate inclusively, diversity naturally follows, leading to innovative thinking that helps us exceed our customers' expectations.