A data-driven approach from Soley and MHP for identifying unprofitable products
Cost pressure from the market is an ongoing issue for every company. New possibilities must constantly be sought to reduce internal costs, while the product quality is retained or even improved. A significant saving and optimization potential is opened up by product data, for on the basis of such data well-founded decisions for a profitable portfolio can be made – without unnecessary variants, components, cost drivers and margin eaters.
The problem: The data are complex and are often maintained in a disjointed manner in the most diverse departments of the company (Development, Purchasing, Sales etc.). In most standard IT set-ups, the necessary transparency is possible only with great effort and rarely in a reproductive manner. It is therefore difficult for many companies to maintain an overview of the product portfolio and make data-based decisions. In the long term, a non-transparent product portfolio results in numerous products that are not, or no longer, profitable in the long run. The objective of Product Portfolio Excellence thus recedes far into the distance.
An efficient tool to prevent this is the use of modern software in order to achieve Product Portfolio Excellence. Together with the product portfolio specialist Soley, MHP offers such a solution. In our MHPDeepDive "Product Portfolio Excellence", we will describe a data-driven approach, combined with our practical know-how, in order to identify significant potentials for improving your portfolio using the example of reducing costs and increasing profitability. The procedure allows "data-driven" decisions to be made and a medium-term roadmap for reducing costs to be established.
What awaits you in our MHPDeepDive:
- We will outline the typical causes of a non-transparent product portfolio – and the resulting problems.
- You will get to know an end-to-end monitoring process and appropriate methods, tools and systems.
- We will show how you can gain a complete portfolio picture and define a sustainable roadmap for reducing costs.
- In a practical example, we will show which master and transaction data can be used to implement a comprehensive product portfolio analysis.
- Together with you, we will identify an example of an unprofitable ballast product, and show which components, suppliers and customers are affected by an optimization, and what cost savings are involved.
- Nikolas Bradford
Associated Partner, Customer Products & Services, MHP
- Dr. Maximilian Kissel
Managing Director, Soley GmbH
- Benjamin Koch
Product Portfolio Expert, Soley GmbH
Beginn: 11:00 (CET)
Ende: 11:30 (CET)