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Increasing Profits
Increasing profitability case studies encompass innovation and creativity around the whole business... More than just traditional marketing.
SITUATIONRegional consumer shredded cheese brand's current merchandising practices were increasingly less effective. The company was looking to profitably increase the effectiveness of its' trade promotions. ACTIONStore level sales and merchandising analysis resulted in creation of database of merchandising effectiveness verses competition. Recommended counter-intuitive change in merchandising strategy. RESULTSChange in strategy increased market share by 10% in the first 3 months while reducing total merchandising costs by more than 8%.
SITUATIONPlastic resin manufacturer had experienced tremendous growth and a corresponding increase in out of spec inventory. ACTIONCreated database of inventory and its chemical/physical properties and matched it against production plan. RESULTSReduced work in process inventory by more than $ 5 million in less than three months, reversing a 7 year trend.
SITUATIONHousehold service provider wanted to increase sales from existing customers. ACTIONCreated unique complimentary service to be done simultaneously with original service and created financial incentive for customer. RESULTS25% of all sales included cross sale, 12% increase in revenue per customer, 15% increase in profitability.
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