Use Cases

Revenue Growth Management Use Case for HIVERY Curate

September 01, 2023 | By HIVERY
Revenue Growth Management Use Case for HIVERY Curate

Imagine a world where the complexities of Revenue Growth Management (RGM) are transformed into strategic opportunities. If you're in RGM, you know the role demands a mastery of financial analysis, cross-functional collaboration, and scenario planning. Data becomes the ultimate conversation starter, leading to more productive meetings.

 

Enter HIVERY Curate, a game-changing solution powered by AI and machine learning technologies. It offers a store-level approach that empowers you to rapidly run portfolio, assortment, and space strategies, providing actionable insights. This lets you focus on consultative, value-added work and proactively achieve business goals.

 

Let's explore three (3) typical use cases that you can master with HIVERY Curate AI as a co-pilot:

 

Mastering Long-Term Display Efficiency

In the dynamic retail environment, effectively leveraging long-term displays or secondary placements is crucial. These displays, often utilized during seasonal events like the Super Bowl, are situated prominently, sometimes as end caps at the aisle fronts, running for substantial periods, sometimes up to 13 weeks. HIVERY Curate assists in determining the optimal assortment for these displays, aligning with each store's demand portfolio to maximize sell-through during the display period. It facilitates the simulation of various scenarios to identify the products exhibiting the highest sell-through, ensuring a successful long-term display strategy.

 

Mastering Pricing Impact Strategies

Understanding and leveraging price elasticity curves are central to this strategy. HIVERY Curate allows you to run multiple scenarios analyzing the effects of price changes on volume and, consequently, space requirements at different retailer locations. It helps strategize the optimal use of the space opened up due to volume changes, considering manufacturing capabilities and ensuring alignment with upstream manufacturing impacts. The tool provides insights into how price alterations affect space necessities and guides in making informed decisions on product placements.

 

Mastering Synergized Promotion and Pricing Strategies

Combining the strategies of long-term display efficiency and pricing impact creates a powerhouse of opportunities for RGM teams. Imagine running an end cap for 13 weeks with a 10% price reduction, anticipating a 20% volume increase. HIVERY Curate aids in strategizing the right products for the end cap, considering the increased sell-through speed, and ensuring sufficient stock during the promotional period. It considers DC constraints and predicted volume impacts, facilitating a strategy that ensures a steady supply chain and maximized sales.

 

Embark on Your Revenue Growth Journey with AI as Your Co-Pilot

Discover how HIVERY Curate can be your strategic partner in mastering the complexities of Revenue Growth Management. Experience the power of store-level, AI-driven insights and elevate your RGM initiatives.

 See How

Discover how HIVERY Curate can be your strategic partner in mastering the complexities of Revenue Growth Management. Experience the power of store-level, AI-driven insights and elevate your RGM initiatives. 

Experience the power of HIVERY Curate for yourself. Request a demo today and discover how HIVERY Curate can revolutionize your role, whether you're in Revenue Management, Analytics, or a Revenue specialist.



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