Boosting Sell Through Rate of Pharmaceutical Products by 10% - A Case Study on Pricing Analytics from Quantzig
Quantzig, a pure-play analytics solutions provider, has announced the completion of their latest pricing analytics report for a pharmaceutical drugs manufacturer.The client is a leading pharmaceutical drugs manufacturer with an annual revenue of over US$ 30 billion. Based out of the U.S., the company employs more than 28,000 employees globally and has offices in 150+ countries. The primary aim of the company was to identify and enumerate the financial impact of existing markdown practices and curtail the negative impact on margins. Additionally, the organization wanted to increase its sell-through velocity and extend its portfolio of solutions.
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Pricing analytics report for a pharmaceutical drugs manufacturer. (Graphic: Business Wire)
The global pharmaceutical drugs industry is embracing technological advancements and innovations to meet the complex healthcare demands of populations across the globe. And to add fuel to this fire of change, the recent increase in chronic diseases has resulted in a major transformation in the way different types of pharmaceutical drugs are manufactured. Also, the benefits associated with the use of oral medications is influencing the way in which most pharmaceutical products are manufactured. As a result, manufacturers are facing the need to develop products that improve convenience, accuracy of dose, and ease of use for consumers.
According to the pricing analytics experts at Quantzig , “Businesses need to make use of its data and implement pricing analytics solutions to effectively price their products and gain a competitive edge in the market.”
Book a Solution Demo to see how Quantzig’s pricing analytics solutions can help you increase sell-through rate.
The pricing analytics solution helped the client, a pharmaceutical drugs manufacturer, to categorize existing markdown practices and negate the impact on margins. The client also availed valuable insights on potential customer base and pricing opportunities. The data obtained from this analysis helped them in driving their pricing strategy and markdown decisions, which subsequently helped them in increasing market impact.
This pricing analytics engagement provided benefits that helped the client to:
- Increase the sell-through of products by more than 10%.
- Expand the number of markdown levels.
- To gain relevant insights and understand the scope of pricing analytics strategy, Request proposal .
This pricing analytics solution offered predictive insights on:
- Capturing the lost margin.
- Reducing the effort, time, and workload required to manage markdown pricing.
- To know more about the benefits of Quantzig’s pricing analytics solution, Request more information .
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
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