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Armin

Data analytics and visualization for business insights.
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Armin

The Business Analyst of Tomorrow

Data science is an ever-evolving field, and its roles are also changing. As businesses increasingly rely on data to inform their decisions, there is a growing need for people with both the technical skills and domain/industry expertise to drive measurable value.

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Business deep dive framework for consumer product companies with internal and external data.
Articles
Armin

Business Deep Dive Framework for Consumer Goods companies

Analytical fire drills and knee-jerk pricing actions are becoming increasingly common in the consumer goods industry. With intense competition and ever-changing customer needs, companies must be agile enough to rapidly adjust their strategies to remain competitive and deliver relative value to their consumers.

By creating a dynamic integrated performance deep dive, CPGs can identify specific areas of improvement to maximize efficiency while delivering high-quality products at competitive prices — all of which will help them stay ahead of the competition in today’s market.

In the below quick guide, we’ll explore the steps needed to build a reproducible and highly actionable (and impactful) performance deep dive that can help CPGs address Revenue performance shortfalls.

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Price testing for net sales and gross profit in retail and distribution.
Articles
Armin

Driving Net Sales and GP$ with Price Testing: A 5-minute guide for Retailers and Distributors

It’s no secret that many retailers and distributors are struggling with suboptimal prices, leading to substantial profit losses or missed revenues.

But by developing a solid price-testing playbook, retailers and distributors can maximize profits without sacrificing sales.

You don’t need to spend 12-18 months deploying an enterprise price optimization solution or waste a ton of CAPEX. You can start building your own semi-automated price-testing solution today at a fraction of the development times and costs.

If you’re a Pricing or Finance executive looking for a way to improve your company’s bottom line, read this 5-minute guide on how to build a sustainable Price Testing playbook.

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Revology Analytics logo with colorful sale and discount icons on green background.
Articles
Armin

(All I want for Christmas is) better discounting habits!

A brief guide for Manufacturers and Distributors to boost profits by 5-10% using simple, effective pricing and analytics techniques.

If you’re a manufacturer or distributor, you know that discounting is vital to the success of your sales force. But are you discounting enough? Are you discounting too much?

This article will discuss the importance of discounting in B2B settings and how to determine the right discounts for your customers and products. We’ll also discuss when to use each type of discount and offer tips for increasing Net Revenue and Gross Profit with analytics and surgical discounting.

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Business professional interacting with digital ROI analytics and data visualization tools.
Articles
Armin

Driving Manufacturer Gross Profit through bespoke Promotion Effectiveness and Optimization Capabilities

Did you know that most promotional investments by Manufacturers are a negative ROI investment, and each 1% improvement in Promo ROI can be a massive benefit to your Operating Profit?

Many mid-market manufacturing CFOs, CMOs, Pricing, and Sales executives are struggling with Promotional spending outpacing Profit growth, leading to unnecessary profit erosion.

Fortunately, most companies have the proper data assets to build sophisticated and actionable Promotion Effectiveness & Optimization solutions in-house, using methods and technologies they are already familiar with.

If you’ve always wanted to know how to build robust Pricing & Promotion Analytics capabilities organically and quickly (in ~ 4 months), please read this detailed Case Study that walks you through the critical steps with concrete examples.

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Chart comparing traditional and Bayesian pricing models showing revenue effects.
Articles
Armin

RA Quick Insights: The Power of Bayesian Analysis for Pricing Scenario Modeling

If you haven’t tried #bayesian analysis to attack common business problems, I highly encourage you to explore it.

Companies’ data science curve often starts with linear regression before a giant leap to ML within weeks or months (ensemble models, even some deep learning).

In pragmatic terms, the power of Bayesian modeling comes from being able to assign probability intervals to predictions.

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