1-2.jpg

Does more “sophisticated” analytics for sales resource allocation truly drive better brand performance?

The industry uses a broad range of approaches today for customer valuation, promotion response analytics and sales force resource allocation.   With the increasing complexities in the marketplace and availability of richer data, there has also been continuous innovation in analytical methodologies for resource allocation.

On one end of the spectrum is simple economic valuation, resource allocation based on product/market prescription volume & business rules.  At the other end of the complexity spectrum is deriving customer valuation based on patient data analytics, promotion response methodologies that incorporate IDN/Payer influence etc.

During the lunch session at PMSA Annual Conference 2016, Charlie Thompson from Axtria will present the poster comparing the difference between simple and complex methodologies for a single product sales force.  He will discuss and compare following three different methodologies of resource allocation and its impact on the brand performance:

  1. Market/Brand volume based methodologies
  2. Promotion response based methodologies
  3. Advanced promotion response methodologies including Payer/IDN influence quantification

Stop by during the lunch session at PMSA to learn more about the resource allocation methodologies and automated tools that can work in favor of your business performance.

About the Authors:

Kedar Naphade

Kedar has over a dozen years of experience helping organizations create and institute innovative analytical decision making processes. He has specific expertise in marketing, sales, distribution and claims analytics across multiple industry verticals such as Insurance, Pharmaceutical, Retail and Telecom

Charlie Thompson

Charlie has 25+ years of experience in health care, financial services and management consulting. He has a blend of marketing, financial and operating experience, especially in the development of technology and analytical intellectual property to find, win, keep and grow profitable customers.   Life Science expertise includes medical devices, diagnostics, pharma/biotech, managed care.

Amit Nagdewani

Amit has over 5 years of experience in Healthcare domain. He has consulted multiple large and mid-sized pharma companies in US in areas of Sales and Marketing analytics and financial analysis. His areas of expertise include segmentation, promotion response modeling, targeting, alignments and incentive compensation.

Tags: Sales and Marketing, Analytics, brand

Axtria Connect

Axtria is a global provider of cloud software and data analytics to the Life Sciences industry. We help Life Sciences companies transform the product commercialization journey to drive sales growth and improve healthcare outcomes for patients. We continue to leapfrog the competition with platforms that deploy Artificial Intelligence and Machine Learning. Our cloud-based platforms - Axtria DataMAx™, Axtria SalesIQ™, and Axtria MarketingIQ™ - enable customers to efficiently manage data, leverage data science to deliver insights for sales and marketing planning, and manage end-to-end commercial operations. We help customers in the complete journey from Data to Insights to Operations.