Tag: FMCG
-
How to optimise your prices in FMCG
Use price elasticity to find how much the volume changes as the price changes. Make sure this is non-linear i.e. don’t just use a single multiplier (elasticity number) which gives a linear result, as the change will actually follow an exponential curve. Once you know the volumes at all the different retail prices (up and […]
-
What innovations are there in FMCG ?
AiM are Award Finalists for their AiM-OPTIMISER TPO tool in the Scottish Forth Valley Chamber Business Awards ‘Most Innovative Product/Service’. Following the black-tie event, Graeme Scott-Dodd, AiM’s CEO stated ‘Adding our new Shopper Brand Equity Measurement alongside our existing Promotional Effectiveness and Planning tools has made AiM even more unique in the services we can […]
-
Is Temp Price Reduction better than Multi-buy in FMCG?
Analysis has shown that for the same level of discount, a temporary price reduction returned an 8% higher profit return that a multibuy. Would this be the same in your category?