Properly executed trade promotion planning enables companies to establish a consistent approach to measuring and analyzing performance.
Achieving success in this complex undertaking requires consumer products (CP) manufacturers to commit to a standard process and behavior definition of what trade promotion management truly involves and affects.
In fact, what the industry typically calls trade promotion management/optimization (TPM/O) would be more accurately defined as the Customer Annual Planning and Execution (CAPE) cycle.
In order to achieve the efficiency goals of the enterprise, functional teams involved in the CAPE process must come together and align on a single planning hierarchy that outlines which products are sold by which customers, through which channels, by which sales people, in which states/regions, and in which time frames. Enterprise teams should look at their planning frameworks by defining and agreeing to a single planning hierarchy. Information sharing during business planning cycles becomes a straightforward affair, without the need to manipulate one team’s data in order to render it usable for another team’s purposes.
CP manufacturers need software solutions that enable them to design, document, and standardize CAPE processes in a way that contributes to the growth of their partners’ businesses.
An effective solution will provide the accuracy, consistency, visibility, and insights necessary to ensure that critical data is current, and aligned with specific processes and planning decisions required of each team member involved in the CAPE process. In addition, by embedding the solution into the overall flow of the enterprise, data which is required by one or more teams becomes available to all, from a single source.
This eBook examines the Customer Annual Planning and Execution cycle. By looking at the customer experience first and working backwards, identifying more accurately what has worked and what has not, manufacturers can create more profitable brands and develop sustained category growth in the expanding world of digital commerce.