Here's what we can do for you
Here's what we can do for you
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What's the challenge?
£314bn
is spent by consumer brands on promoting their products every year
(The Grocer)
72%
of committed promotions don't break even for suppliers
(POI)
58%
of shoppers admit to switching retailers to take advantage of promotions
(Statista)
In an industry where promotions often miss the mark, harnessing the potential of data is essential. Without this, it's impossible to answer key questions like 'What does an ideal promotions calendar look like for my customers? What are the right base prices for our products? How can our brands coexist?'
Through our pricing and promotion optimisation projects, Acumen partner with our clients to drive informed decision-making and optimise their promotional strategies. With our expertise in data analysis and emphasis on creating tangible outputs that work for you and your customers, you can break the chain of ineffective campaigns and make data-driven choices that maximise the impact of your promotional investment.
Consulting
Promotion optimisation
Common challenges with promotion planning
Large proportions of spend go towards loss making or ineffective promotions
No culture of sharing promotional learnings within the business
Customers can be closed to trying new things if lacking the win win RGM story
Inflation causes pricing pressures across categories and pricing changes inevitably affect promotional plans
Acumen's approach to promotion optimisation follows
4 key phases
01
Picture of today
Gathering of core financials and running of interviews to better understand the business, vision & current position
02
Analysis
We incorporate your brand context, data and constraints, & choose the machine learning model that’s right model for you
03
Recommendations
We will recommend optimal scenarios for your business, in line with your KPIs and customer context
04
Implementation & training
Putting together the selling story, planning the implementation & embarking on a series of training and roleplay sessions
Our promotion optimisation projects deliver a large variety of benefits for our clients
P&L improvement
A data driven set of price recommendations & promo guidelines to drive plan improvements over the next 12 months & beyond
Greater visibility
Total transparency of what is working and what is not, for both you and the customer
Defined framework
Clear recommendations around pricing & a framework for running promotions which incorporate the brand strategy
Implementation plan
A robust framework to land the structure and lead the way with customers
