VXP
Smarter Analytics For More Profitable Results
The retail landscape, particularly for beer distributors, is one marked by complexity. Every sales rep juggles an immense range of tasks, from handling sales across multiple stores to navigating the needs of numerous suppliers. With such an intricate dance of products, prices, and pitches, the opportunity for maintaining the status quo is high, and the clarity of decision-making can sometimes get clouded.
Read how Artificial Intelligence (AI), can be used to change the way you do business.
Sales compensation has always been a critical component in driving sales and business growth. When executed correctly, it can result in significant improvements in team motivation, sales results, and operational efficiency. On a recent podcast, we delved deep into the transformative journey of Stokes Distributing and their experiences in sales compensation planning.
Bud Dunn recently talked with Kary Shumway from Beer Business Finance on using VXP to help distributors reduce finished product loss and increase gross profit.
Bud shared how VXP can effectively reduce finished product loss by 50% or more, while simultaneously increasing gross profit per CE by 20 cents or more.
In the beverage distribution industry, co-op dollars are often used to fund sales rep incentives in order to promote and sell the brewery’s products. However, I wonder if this is the best use of brewery and distributor time and money.
While co-op incentives can be an effective way to drive sales and promote products, I believe it is worth considering alternative approaches that could help to build a more collaborative and mutually beneficial relationship between distributors and suppliers.
In the dynamic world of beer distribution, market trends can shift rapidly. External factors, such as changes in consumer preferences, economic fluctuations, and even unexpected news coverage can impact a brand’s popularity overnight.
This guide explores how to navigate these shifting landscapes effectively, offering insights on mitigating the impact of a brand slump and capitalizing on a competitor’s downturn.
By carefully considering the unique challenges and opportunities presented by the beverage distribution industry, it is possible to design an effective incentive structure that motivates salespeople to achieve the desired outcomes while also aligning with the goals and objectives of the organization.
This post shows the potential downsides of some incentivized placement methods and how the VXP system can be a powerful tool for companies looking to drive sales and growth in a long-term sustainable and profitable way.
By focusing sales reps on key metrics and incentivizing them to make strategic decisions, the VXP system helps companies achieve results that are truly transformative.
Baseball managers & scouts and distributor leaders & sales reps have a lot in common. They both look at thousands of unique products and decide what will get them the best results.
Moneyball thinking can help beer distributors just as much as it helped baseball—focusing leaders and teams on the stats that really matter to drive results.
Learn strategies that companies can use to prevent their sales reps from simply “going through the motions” and focusing only on achieving the minimum performance requirements to earn their commission.
Many other industries and companies pay their sales reps based on the profits the company generates. This is a revolutionary way of doing business, as it incentivizes the sales reps to not only focus on making sales but also to ensure that the company is generating as much profit as possible.
Brad White recently talked with Kary Shumway from Beer Business Finance on Distributor Sales Compensation Strategies. Highlights of the discussion include Click here to listen to the podcast on the Beer Business Finance website.
When sales reps are focused on meeting targets, they may be more likely to place products in stores without considering their rate of sale vs the expiration dates or whether the product is a good fit for the store and its customers. This can result in products expiring or being returned, causing lost profits and additional costs for handling and transporting returned products.
