Background of Trade Promotion Management (TPM) Software Problem
In the ever-evolving business world, trade promotion is one of the inevitable strategies to increase sales and product visibility. However, managing trade promotion traditionally often poses a number of complex challenges for companies. From complicated planning to difficult-to-monitor implementation, there are many things that can hinder the effectiveness of trade promotion.
Challenges in Managing Trade Promotion Traditionally
1. Planning Complexity
Trade promotion planning requires in-depth analysis of list of venezuela consumer email factors such as target market, competitors, and market trends. With traditional methods, companies often struggle to accurately assess how promotions will impact sales and profitability.
When trade promotions are implemented across multiple locations or outlets, it is difficult to ensure consistency in their implementation. Variations in promotional implementation can dilute the brand message and reduce the overall effectiveness of the promotional effort.
Inconsistent Implementation
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