March 9, 2021 | 01 min read
To gain excellence in retail execution, CPG brands are beginning to invest substantive resources in the organization. Their sales and marketing teams focus on data to unlock the insights required to capitalize on market opportunities. Such teams evaluate three types of data sets to create their route-to-market strategies:
Field data includes the total number of visits, time in the market, the number of beats covered, etc.
In-store data includes stock volumes, location of assets, quality of displays and promotions, planogram compliance, etc.
Sales data includes SKUs sold, comparisons to other brands/categories/SKUs, etc.
These data sets provide the brands with a comprehensive understanding of their performance in the retail outlet and the market. It is beneficial when analyzing the efficacy of the merchandising initiatives on the shelf.
By monitoring their field personnel’s performance, senior executives can help boost the performance of their teams and their in-store shelves. Here are a few ways that field data can enable it:
In-store data analyzing merchandising at the store can give brands valuable insight into what approach results in higher sales.
Sales data can provide brands with insights into merchandising and actual sales volumes.
Data enables brands to improve visibility into how their products at performing on the shelf in stores.
Explore the benefits of Field Force Automation Software and how it can transform your field operations to drive growth and success.