Impact At A Glance
40% Operating Income Improvement
Through advanced analytics and improved sales processes, Liberty achieved a significant 40% increase in operating income during the first year of implementation.
$8M Additional Operating Income
Over a span of two years, the implementation of the yield management toolset and sales process improvements led to an impressive $8 million increase in operating income.
$300K Recurring Pricing Errors
Analyzing customer Share of Wallet data and salesperson product mix uncovered recurring pricing errors worth $300,000 in their system, enhancing revenue accuracy and financial efficiency.
Liberty was able to utilize advanced analytics and knowledge from our prior work with our client on an ERP transformation project. By identifying and addressing opportunities in the sales/pricing process, a leading national fixture manufacturer realized bottom-line improvements.
The Business Problem
From our previous work with the client on an ERP transformation program, we recognized there were potential opportunities to improve operating income by improving sales processes. We recommended an assessment of pricing policies, sales processes, and do a bottoms-up analysis of the discount and pricing strategy/tactics employed by their independent sales representatives. Our hypothesis, together with executive team, was that there were likely opportunities to use management reporting tools providing transparency into sales yield across the enterprise that would likely result in higher operating income margins.
Liberty worked with the client to develop a yield management process and toolset that leverages their transaction data to generate powerful management reports to identify areas to increase pricing across products, customers, and regions. Additionally, the tool generates reports indicating sales across the available company products, which enable managers to assess and improve sales in product groups that are underdeveloped and under-marketed. The tool and improved processes enabled our client to more quickly realize price changes in the market – realizing price increases and cash rather than deeper discounts. The approach instilled sales representative discipline through fact-based management, which lead our client to increase profits selling the same products, to the same customers, at the same volume.
Related Client Success Stories
See More Client Stories
Related Client Success Stories
View More Insights
Join Our Newsletter
Join our newsletter to stay informed about the latest industry trends, innovative solutions, and expert analyses. Receive valuable insights, thought leadership, and actionable strategies delivered directly to your inbox. Don't miss out on the opportunity to elevate your business knowledge and be at the forefront of success. Subscribe now and empower your journey with Liberty's trusted expertise.
With Our Deep Experience, Guaranteed Outcomes, and Tailored Approach, We Help Turn Our Clients' Ambitions Into Reality.
What Are Your Ambitions?