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OR/MS Today Dec. 2011
Just Published!ORMS Today Dec. 2011 Issue

Nov. 2011
We Deliver Results!Uncle Bob's Self-Storage

Now Available from AmazonCover of The Arithmetic of BehaviorThe Arithmetic of Human Behavior
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Recently
releasedWiley Encyclopedia of Operations Research and Management Science Revenue Management in the Travel Industry

Revenue Management and Price Optimization

Veritec offers a comprehensive range of pricing and revenue management consulting services:

  1. Strategic Consulting - assessment and evaluation of current revenue management, pricing, product design, marketing, and sales efforts and formulation of the best directions for moving forward with a revenue optimization program;
  2. Opportunity Assessment - an in-depth diagnostic of the opportunities for revenue enhancement and specification of the most effective approach to capitalize on these opportunities;
  3. Quick Wins - take advantage of near-term opportunities for revenue and profit improvement, focusing on changes to processes, policies, reports, communications, or simple analytical tools;
  4. Process Improvement - assessment and redesign of the business processes and organizational structure to support a successful revenue optimization program;
  5. Product Evaluation - unbiased assessment of the best Pricing/Revenue Management product to meet your specific needs, including support throughout the purchase and installation process;
  6. Audit - assessment of the benefit level obtained from your Revenue Optimization Program relative to its full potential, and provision of a plan for narrowing the gap;
  7. Interim Departmental Management - on occasion, companies find that they do not have the revenue management leadership they seek. We provide such leadership on an interim basis to ensure that revenue opportunities are not lost or delayed because they are relegated to too low a priority.

System Design and Development - design and develop Pricing and Revenue Optimization decision support tools. This includes the design and development of a comprehensive Pricing or Revenue Management system in industries for which revenue management system products are not available.

Implementation - successful roll out of custom systems and processes to achieve optimal pricing and revenue management throughout the organization.

Veritec offers customized software systems solutions, ranging from "low technology" approaches to state-of-the-art revenue management systems. For example, we can provide easy-to-use electronic pricing guides containing price recommendations that reflect competitive conditions. Or, we can provide a full-featured comprehensive price optimization system. An example is provided on our hotel price optimization web page.