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Description

Understand precisely the financial impact of trade promotions and discover ways to allocate resources more effectively. For major consumer goods firms, managing trade promotions represents the second largest expense, often surpassing 15% of their total revenue. Sadly, numerous companies continue to face challenges in evaluating the return on investment for these promotions. Cognizant offers solutions to address this issue. To achieve accurate effectiveness modeling, it is essential to examine data from various sources, including point-of-sale systems, syndicated data providers, and internal sales, marketing, and operational data. Our consulting services in trade promotions management (TPM) and trade promotions optimization (TPO), along with our offerings in process re-engineering and solution selection, enable you to systematically assess ROI, allowing for better-informed future decisions. Additionally, Cognizant has developed C-Smart, an analytics tool specifically designed for brand management and category management teams within consumer goods organizations, which delivers actionable insights into aspects like the performance of new product launches, brand positioning across different categories, the success of promotions, and competitive landscape analysis. By leveraging these insights, companies can enhance their strategic planning and drive more profitable outcomes.

Description

Pricer24 is a Business Intelligence solution tailored for category managers working with brands and e-commerce platforms. The company delivers an all-encompassing platform that equips clients with valuable insights regarding pricing strategies, promotional activities, and product reviews, enabling them to systematically analyze extensive data sets. This functionality allows users to juxtapose their offerings, assess their product positioning against competitors, and maintain a strong competitive edge in the market. By leveraging these insights, brands can make informed decisions to optimize their pricing and promotional strategies further.