Pricing Governance

Pricing governance refers to the structured framework and policies an organization uses to set, approve, and manage prices consistently and fairly. It ensures prices align with business goals, market conditions, and regulatory requirements, while balancing profit objectives with customer value. This system involves clear roles, approval processes, and oversight to prevent arbitrary changes, promote transparency, and maintain competitiveness. Essentially, pricing governance helps organizations make informed, responsible decisions about how much to charge, fostering trust and stability in their pricing practices.