Mix management is the process to drive customers’ decisions to encourage them to stay longer, purchase higher transaction sizes and buy more profitable offers.
1. Targeted Pricing: Identify and adjust price gaps between tiers/groups of offers
2. Innovation: New offerings based on whitespace in the portfolio
3. Pack Price: Capture increased market share by reshaping the product or services packages offered
4. Capacity Management: Managing what offers are presented to each customer segment
Often companies solely focus on price increases as the only way to drive revenue. This is short-sighted as it fails to leverage all your revenue management tools. Mix Management allows you to shift product/service volume to drive incremental revenue and profit sustainably.
(Ex. Very high net price SKU loses Brand Volume)
(Ex. Ultra Premium Brand gains share of Mix; Profitable Channel gains share of Volume)
(Ex. Value (low price) Brands losing share of Volume)
(Ex. Low net price customer gains share of Volume)
Revenue Management Labs helps your company balance portfolio mix by optimizing price, innovations, pack price, and capacity management to unlock revenue uplift opportunities. Our revenue management capabilities allow us to understand the influence of mix drivers across your company portfolio, ensuring that the offerings are positioned to maximize profits and retain/acquire customers.
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