fbpx

Companies Are Substantially Improving Their Sales Revenue by Tracking Return on Promotional Investment | SpendEdge’s Article Reveals How

LONDON–(BUSINESS WIRE)–lt;a href="https://twitter.com/hashtag/MarketIntelligence?src=hash" target="_blank"gt;#MarketIntelligencelt;/agt;–SpendEdge, a leading provider of procurement market intelligence
solutions, has announced the completion of their trade
promotion optimization engagement for a consumer packaged goods company
.


Project background

The company wanted to improve the accuracy of their sales forecasting,
determine cannibalization within the brand portfolio, and establish
baseline sales. The key objectives they aimed to achieve through this
engagement are mentioned below.

  • Objective 1: The company wanted to improve its existing sales
    and marketing planning capabilities to increase the net profit of the
    organization.
  • Objective 2: They also wanted to reduce inefficient trade spend
    by improving collaboration with retailers.
  • Looking for detailed insights? Request
    a free demo
    from our experts and know how they can help you
    optimize trade promotion spend and improve existing sales.

“Trade promotion optimization process is vital for companies to
achieve profitable growth for their brand and retail partners by
improving baseline sales,” says a procurement expert from SpendEdge.

Key findings and solutions offered

In partnership with SpendEdge, the client – a consumer packaged goods
company
– improved sales revenue by controlling the flow of goods
and tracking return on promotional investment. The solution offered
helped them to:

  • Increase demand for specific items and customers in retail stores and
    improve sales revenue by 12%.
  • Integrate customer planning into the sales process and identify the
    most impactful customers.
  • Want to know how optimizing trade promotions can help companies to
    improve sales revenue?
    Request
    a free proposal
    and access our complete portfolio of
    procurement market intelligence solutions.

Outcome: The solution offered by the experts at SpendEdge helped
the CPG company to amalgamate their trade area data with retailer data
and create formal trade promotion policies. This helped the client to
analyze their trade spend and strategize their promotions more
effectively. The solution offered helped the client to identify
profitable customers and target them through trade promotion strategies.
In addition, strategically offering discounts improved sales revenue of
the client by 12%.

To access the complete case study on how we helped a CPG company to
increase its sales revenues substantially by improving trade promotion
management,
get
in touch with our experts here!

About SpendEdge:

SpendEdge
shares your passion for driving sourcing and procurement excellence. We
are the preferred procurement market intelligence partner for 120+
Fortune 500 firms and other leading companies across numerous
industries. Our strength lies in delivering robust, real-time
procurement market intelligence reports and solutions.

Want
to gain detailed insights?
We’re here to help you out!
Tell us more about your business challenges.

Contacts

SpendEdge
Anirban Choudhury
Marketing Manager
US: +1 630
984 7340
UK: +44 148 459 9299
https://www.spendedge.com/contact-us

leverton

Content is the most important part of having quality links to your website. With Area-Info.net, we provide a quality location to share your story and include links to your website to help you grow. If you would like to learn more, visit this page to see how you can use Area-Info.net to rank higher and quicker in search engines. Contact me directly at [email protected] with any questions, or to schedule speaking engagements.

You May Also Like