Product Management
Reduce low-margins products
by 20% and increase profit
Stop guessing what products make money and what drain your bottom line.
Get a data-driven overview that exposes the actual profit of every product
and regain control of every level of your assortment.
How many of your products are you losing money on?
You know you bestsellers. But do you also know the products that are slowly eroding your margin? Often, cost-intensive "profit-killers" are hiding in even the best assortments.
You might be battling:
- A sense that you have too many products, but lack the data to decide which ones should be phased out?
- Product decisions being based on gut feelings, history, or the customer who shouts the loudest – instead of data about what you actually make money on?
- Discussions between sales and operations, because sales wants a broad assortment, while operations struggles with the costs and inventory tied up that it entails?
How do you clean up your assortment and strengthen your bottom line?
The key is to is to shift focus from merely looking at revenue to understanding the real profitability of each individual product. With the Product Management solution, you get a data-driven method to optimize your assortment.
This happens in three steps:
Gain a clear overview of profit and hidden costs.
Gain control over product lifecycle.
Create a shared foundation for decision-making.
The solution that gives you a clear and profitable product focus.
Contribution margin per product
Uncover the actual profit for each individual item number.
Data-driven assortment development
Create a common decision basis founded on facts.
Avoid unsaleability
Gain an overview of products that are not performing as expected.
Products dashboard
Easily follow the development in your key figures across product lines.
Product line performance
Follow the development of each product line and compare periods.
Product introduction
Keep an eye on how products develop after their introduction.
Product lifecycle
See how item numbers develop over time, so you can keep the assortment optimized.
Phasing out products
Analyse the long tail of non-profitable products.
Actions
Daily task lists that directs resources where they create the most values.
Do you want to discover all the possibilities?
Get a live demo and see how you can gain the overview and control you're missing.
Your benefits:
From a complex assortment to a focused growth-engine.
10-15 %
Increase in margin.
20 %
Fewer low-margin SKU's.
Profitable assortment
create a more focused and manageable assortment that is easier to plan, market, and sell.
"It's a user-friendly solution that constantly updates itself and continuously guides us with concrete recommendations on what to do."
Kenneth Krogh Jakobsen
Purchasing Manager hos Elcor
"This tool, which teaches us about our assortment, our products, our suppliers, and the distribution of our business, has made a huge difference."
Josefine S. Christensen
Project Manager at Specific Pharma
We make it easy for you
We know that implementing new technology and driving internal change can be time-consuming and require many resources. Therefore, we have included everything you need so you can achieve the best results at no extra cost.
Consultancy
We make sure that the solution is installed based on your needs and ready to use. You also receive continuous guidance, best practice recommendations and technical support.
Yearly business reviews
We take co-responsibility and evaluate your return-of-investment as well as how the solution is supporting your business goals.
Academy program
Ready to see where you truly make your money?
- Want to ensure that your product assortment actively contributes to the company's bottom line.
- Wish to make data-driven decisions about product introduction, optimization, and phasing out.
- Need a common language and data foundation for sales, marketing, and supply chain.