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Keeping Customers Longer: Building Real-Time Retention Optimization Capabilities
For retailers and distributors, keeping customers happy and engaged is more critical than ever. But did you know that 6 out of 10 mid-market firms lack the tools to predict churn or identify upsell/cross-sell opportunities?
Our latest article dives into how AI/ML is revolutionizing customer retention. Learn how to leverage these technologies to:
Predict and prevent churn with advanced analytics.
Identify personalized upsell/cross-sell opportunities.
Tailor marketing campaigns for maximum impact.
Build stronger customer relationships through personalization at scale.
Read the full article to discover how to build an insights-driven retention strategy that maximizes customer lifetime value and drives sustainable growth for your company.
Leveraging Meta's Robyn for Effective Marketing Mix Modeling
Unleashing the Power of Data-Driven Marketing in a Post-Cookie World
In a marketing landscape adapting to the demise of 3rd party cookies, making sense of your marketing channels is not just vital; it's challenging.
Marketing Mix Modeling (MMM) offers a strategic, comprehensive view of marketing performance, free from the constraints and challenges of cookie-based tracking.
How to Build an Effective B2B Price Elasticity Model (in under 90 minutes)
Understanding the business impact of price changes and promotional investments is crucial for effective revenue management. In this webinar, we'll guide you through building a B2B Price Elasticity Model in under 90 minutes, using both Linear Regression and Machine Learning methods. Learn how to increase price realization, optimize inventory, and drive net sales and gross profits. Attendees will receive a comprehensive blueprint and R code to implement in their organizations.
Building a Dynamic Pricing Capability (In Under 90 Days)
Many mid-market retailers and wholesalers' pricing, finance, and merchandising executives have inherited outdated pricing solutions. These legacy pricing processes don't quickly scale and heavily rely on expensive human, mundane tasks. There are no intelligent dynamic pricing capabilities that automatically set prices based on sales patterns, corporate objectives, and changing marketplace behavior. It often results in missed profit opportunities and liquidity problems.
Fortunately, you can build simple yet effective dynamic pricing solutions in 3-to 4 months that achieve up to 80% of its incremental Gross Profit $ potential. You can design and implement using practical methods and accessible technologies that empower your teams to take complete control without expensive 3rd party support.
Read more below about how you can achieve this and unlock an extra 1-3% in GP% in year 1.
Solving Unproductive Inventory Challenge with Dynamic Markdown Pricing
Is the lack of robust clearance pricing strategy and manual pricing processes causing unnecessary and costly inventory buildup in your warehouses?
A leading $5B consumer durables wholesaler in North America wanted to unlock significant liquidity tied up in unproductive inventory by deploying in-house markdown optimization capabilities. Please read the below case study to understand how we helped them solve a $150MM unproductive inventory problem with dynamic clearance pricing.
This article is one in a series of five detailed case studies we will publish bi-weekly on key B2B Commercial Analytics topics. It gives insight into our outcome-based analytics process, including both technical and change management pieces.
Leveraging Commercial Analytics for Profit Growth in Acquisition-Heavy Companies
Explore how leveraging advanced commercial analytics can dramatically enhance profit margins for companies growing through acquisitions. Our latest article dives into the pivotal role of unified data sources and system integration in streamlining operations and boosting profitability. Discover how tools like Revenue Growth Analytics reduce manual data processing and provide actionable insights that lead to more efficient decision-making and optimized business strategies. Read the complete insights to understand the transformative impact of these technologies, tools, and methods on acquisition-heavy companies.
Demistifying Marketing Mix Modeling
In our popular webinar on Marketing Mix Modeling (MMM), we disdcuss the pros/cons of MMM, and its growing importance in today's privacy-centric, cookie-less world.
We also deep-dive into Meta's innovative MMM framework, Robyn, highlighting how it has revolutionized marketing analytics with its cost-efficiency, granularity of insights, and flexibility.
Our detailed presentation and recorded webinar offer practical demonstrations of Robyn's capabilities, providing a holistic view of channel effectiveness, adstock decay rates, and marketing budget optimization.
The era of six-figure marketing analytics is a thing of the past - welcome to a future of accessible, affordable, and robust marketing effectiveness measurement.
The Merits of Aggregated Data for Demand and Price Elasticity Modeling
It's time to rethink traditional sales and price elasticity modeling methods.
Aggregated data at the retail chain level and modern machine learning models are vital in shaping an efficient, practical, and robust approach for predicting and explaining retail sales.
Why this shift? The traditional reliance on granular, disaggregated (i.e., store-product-day level) data and old-school models are costly, complex, and often misaligned with practical management strategies.
Turning to aggregated data and modern ML approaches reduces costs, enhances model accuracy and efficiency, and makes these valuable insights more accessible to smaller firms and faster for larger ones.
Moreover, in-sourcing these capabilities builds critical, sustainable expertise for Revenue Growth Management, freeing companies from reliance on 3rd parties. This shift signifies an effective and sustainable future for Revenue Analytics and redefines competitive positioning, enabling superior service and product offerings.
RA Quick Insights: The Misconception About Building Foundational Promotion Effectiveness & Optimization Solutions (in under 90 days)
If you are a ~$1B Manufacturer or Distributor that spends ~ 15% of its Gross Revenues on Promotions & Rebates, every 50bps improvement in your Promo ROIs will drive +$0.75MM to your EBITDA. Let me describe the steps to take to enable these capabilities for your organization.
The Importance of Knowing Your Price Elasticities
Why is it essential to understand the business impact of Price changes and Promotional investments, and what are the analytical approaches to estimating Price elasticities?
With continued data proliferation and the democratization of popular Machine Learning methods among the data analyst community, knowing your Price and Promotional elasticities at the Customer-Product level is fundamental to Finance, Sales, and Revenue management.
Marketing Mix Modeling is Here To Stay
Thanks to the demise of 3rd party digital IDs, our old friend Marketing Mix Modeling (MMM) is here to stay! Learn about MMM, how it's done, and how it can be highly impactful to you and your company.