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Tariff Shockwaves & Margin Erosion: Why Mid-Market Industrial Firms Need Revenue Management as a Service Now
Tariffs have evolved from a temporary inconvenience to a persistent driver of costs, forcing mid-market manufacturers and distributors to rethink their pricing playbook.
By leveraging elasticity-based Revenue Growth Management, leaders can defend margins and even capture new market share in turbulent environments. Revify Analytics’ RGMaaS platform delivers these advanced capabilities in a matter of weeks, transforming reactive cost-plus strategies into proactive, data-driven wins
RA Quick Insights: Using Sales Stack Ranking to Grow Net Sales & Profits
Commercial Analytics, aimed at improving Gross Profits and Sales Productivity, doesn't have to be complex to drive the proper outcomes with Pricing and Sales teams.
𝐒𝐚𝐥𝐞𝐬 & 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐒𝐭𝐚𝐜𝐤 𝐑𝐚𝐧𝐤𝐢𝐧𝐠 is another simple yet effective Revenue Analytics technique to steer Sales behavior in the right direction and drive incremental Net Sales (and Gross Profits).
How to Build Transformative Margin Optimization Capabilities in 90 days: Part 1
Most mid-market companies are still stuck with basic reports and ad-hoc Pricing & Profitability analyses that take several weeks, offer little actionable insights, and are not reproducible. There is also a widespread misconception that it takes heavy upfront investment (both time and money) to build Margin Analytics & Optimization platforms that can truly transform an organization's Pricing discipline and customer & product analytics rigor.
Regardless of your company's growth stage, it is paramount that you have an easy-to-use and actionable Margin Analytics platform that provides rapid descriptive (what happened), diagnostic (what caused it), and predictive (what will be the impact) analytics capabilities.
RA Quick Insights: Mistake in Customer-Facing Analytics Solutions
I often see Manufacturers and Wholesalers making the mistake of trying to revolutionize entrenched Customer habits vs. creating easy-to-use, pragmatic analytics solutions that Customers understand and care about.
RA Quick Insights: Gross Profit Decomposition
This week, we'll dive into another foundational but influential Margin Analytics technique, the Gross Profit Growth Decomposition using raw Transactional Data.
Revenue Growth Analytics and Sales: It's a Team Sport
Commercial Analytics in B2B environments is a team sport: you need to win the trust and credibility of the Sales Team to accelerate the impact of analytics and drive sustainable Pricing and Data ROI for your company.
Read this brief opinion piece on why listening to and collaborating with your Sales teams is not optional - it's essential.
RA Quick Insights: Using Discount Curve Analysis to Evaluate Pricing Behavior
This week, I wanted to show you another simple yet effective revenue analytics technique to steer sales behavior in the right direction and drive Gross Profits.
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.
Fix Your CRM Data to Boost Sales Productivity by +10-15%!
Below is a quick guide summarizing a previous Revology Analytics article that demonstrates why healthy Customer Data is crucial to enabling powerful Sales Growth Analytics for companies. It also highlights steps you can take today to translate your CRM data into Revenue & Margin Growth.
RA Quick Insights: Driving rapid pricing actions with transactional data visualizations
A brief example of how visual analytics using Sales & Pricing metrics can be powerful in driving real, measurable change for your company.
Is too much discounting preventing you from meeting profitability targets?
Price leakage is a big problem for most Manufacturers and Distributors and can have a considerable adverse effect on their Operating Profits. One of the big reasons price leakage occurs is not having an adequate Margin Analytics Platform deployed and used across the organization. This means no effective measurement systems track discounts and rebates versus guidelines or strategies.
In this brief guide, we will discuss how to build a robust in-house solution, leveraging standard technologies you are familiar with. Most executives in charge of Pricing/Margin are hesitant to go down the margin analytics platform path, thinking it will take years and $ millions to implement. We will show you how to achieve 80-90% potential value realization using simple techniques and analytical methods.
Driving Sales & Margin Performance with Self-Serve Analytics
Many middle-market companies are struggling to do action-oriented Commercial Analytics on a real-time basis. Understanding Sales, Pricing, and Margin performance vs. corporate objectives and strategies, along with proactively identifying and quantifying quick wins for improvement, is often a multi-day reactive, knee-jerk exercise. Pricing, Finance, and Commercial leaders are reticent to invest $MMs in turnkey price analytics solutions given high costs and long lead times – not to mention lack of flexibility and adoption issues that often yield a suboptimal return on investment.
Fortunately, you can do most of the above quickly, effectively (and cheaply!) using popular self-serve BI solutions like Tableau or Power BI.
The Unproductivity Problem with Your Inventory
Unproductive inventory often accounts for 20-30% of wholesale businesses' merchandise. For many, it's just the cost of doing business. But it doesn't have to be that way. Unproductive inventory ties up your cash, erodes your profitability, and puts you at the risk of not meeting debt obligations for your asset-backed loans. Automated markdown pricing is one of the most effective ways to address this problem, and simple analytical solutions (no "ML and AI) can often yield significant benefits. Learn more below how.
I welcome your comments or similar experiences.
CRM system hygiene a top data priority
Fixing our CRM data hygiene should be a top leadership priority to drive sales productivity and revenue growth. However, for many B2B environments particularly in Manufacturing and Wholesale, there’s often a big disconnect between strategy and execution. Companies spend a disproportionate time and investment on market research studies to understand their buyer archetypes and personas, only to stop at great Power Points, executive updates and cross-functional pontifications.
Meanwhile, the CRM systems are plagued by outdated and missing data and no value- or needs-based segmentation information, which lays the foundation for automated lead scoring or prescriptive capabilities like upsell, cross-sell or churn mitigation.
Now is the time to act and start treating our holistic CRM data with the attention and priority it deserves!
How US Mobility has Eroded and Accelerated Retail Sales from 2020-22
The Apple Mobility index, published from January 13, 2020 to April 13, 2022, tracked the relative volume of map direction requests for various cities, regions and countries as people were driving, walking or taking public transportation to places.
As the US went into a lockdown in early 2020, key retail segments suffered tremendously, but with many recovering and accelerating their performance thanks to stimulus checks and the pent-up need for consumers to be out & about again.
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.
An executive’s advice for data scientists (and leadership) – Part II.
In a previous article, I wrote about the three main structural challenges that data scientists and their organizations face when maximizing their career satisfaction and business impact (data ROI).
This edition of Revology Analytics Insider will dive deeper into the first impediment ("mismatch between data scientist aspirations and corporate reality"). We'll decompose why it exists and make concrete recommendations to the data science community and company leaders on how to best address it.
A Guide to Rate-Mix Modeling to Accelerate Margin Performance
Companies are in the business of making money, and most often they care about maximizing their Revenues, Gross profit or Operating income. One of the biggest challenges companies face is the ability to correctly and systematically diagnose and isolate the individual drivers of key business performance changes and build fast, surgical actions to increase profitability. This week I talk about the benefits of doing a proper price-cost-volume-mix analysis for your business, and get you started on building a production level application with analysis examples and explanations in Excel and R.
An executive’s career advice for data scientists - Part I.
Data science, AI and ML have been overhyped for at least the last decade, resulting in often unrealistic and misaligned expectations between data scientists and employers. Over the next couple of weeks, I shed light on the three major challenges data scientists typically encounter in their companies and provide concrete suggestions on how to tackle them for both personal and organizational success. Would love to hear from you about your experiences!
The Science (and Art) of Estimating Price Elasticities
Most of us are familiar with the term customer price sensitivity as an important concept especially for sales, marketing and revenue management teams. It helps us understand how price changes affect demand, profitability or market share of our products or services. This week, I will describe the most popular analytical methods that help you measure your product or service price elasticities, including a few simple and proven machine learning based approaches that your analytics or data science teams can easily do.