LONDON--(BUSINESS WIRE)--As a part of its new article series that analyzes COVID-19’s impact across industries, Quantzig, a premier analytics services provider, today announced the completion of its recent article – ‘Product Profitability Analysis and Understanding Three Cornerstones to Developing Successful Product Pricing. ’
The article also offers comprehensive insights on:
- The benefits of product profitability analysis
- The secret of devising successful product pricing
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“Product profitability analytics is not a one-time initiative, it is an on-going approach that aims to improve product pricing strategies and drive growth,” says a product profitability expert at Quantzig.
The product profitability analytics methodologies and solutions proposed by our analytics experts can help companies define profitability at the product, service and customer levels. Our product profitability analysis solutions help businesses to make effective decisions on pricing, sales, and its associated processes by offering granular insights on their net margins. It also enables businesses to identify customers that adversely impact the net margin and raises a red flag if churn among the firm’s most profitable customer segments is a major contributor to the declining profits margins.
Talk to us to learn how our advanced analytics capabilities combined with proprietary algorithms can support your business initiatives and help you thrive in today’s competitive environment.
Three Cornerstone to Devising Better Product Pricing Strategies
1: Price transparency
2: Process efficiency
3: Pricing models
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To devise robust processes based on product profitability analysis, focusing on the above-mentioned factors is of utmost importance from a business perspective. The existing top-down analytical approaches do not support a single version of the truth. In contrast, a bottom-up product profitability analysis methodology offers in-depth insights to gain a clear understanding of the associated cost factors.
At Quantzig, we analyze the current business scenario using real-time dashboards to help global enterprises operate more efficiently. Our ability to help performance-driven organizations realize their strategic and operational goals within a short span using data-driven insights has helped us gain a leading edge in the analytics industry. To help businesses ensure business continuity amid the crisis, we’ve curated a portfolio of advanced COVID-19 impact analytics solutions that not just focus on improving profitability but help enhance stakeholder value, boost customer satisfaction, and help achieve financial objectives.
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Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal