Your Products

The right stuff
Parametric believes that the product manager's precept is simply this:

"Find the right features, place, price, and promotional tools to maximize product (and product portfolio) profit"

While it represents no more than a single sentence, we appreciate the fact that identifying and implementing the optimal mix presents a profound challenge. We often find clients who have been frustrated by expensive "black box" analysis methods wondering whether they should simply turn to do-it-yourself online polling for a "voice of the customer" survey. Those who do often find that that they uncover more questions than they're able to answer.

Much of our work involves helping clients apply leading-edge research to complex integrated product planning. We recognize the critical value of clear plans supported by intelligible analysis. Questions we continually answer include:

  • We have too many SKUs -- what is the best way to rationalize them? What is the best mix of SKUs for optimum profit?
  • I'm selling the same product in all global regions -- what is the opportunity if I develop versions for each region? And how exactly should they differ?
  • I have many possible features that I can add to the next version of my product, but I can't afford to add them all. How do I prioritize, and should I produce more than one version with different feature sets?
  • We are considering producing a radical new product, but we need to know exactly who will be most likely to want it, how they will use it, and how many we are likely to sell?
  • I can't afford to do a full-blown market test. How can I tell if one program/promotion option is more likely to be successful than another?
  • We always focus on price promotions that devalue our product. What are the alternatives that add value or cost less?
We are constantly applying (and developing) best practices analytical techniques to help clients manage large and complex product and service portfolios. We often use the following:
  • Feature research using conjoint analysis and MaxDiff
  • Acceptance research using logit techniques
  • Pricing research using conjoint and other advanced techniques
  • Competitive choice and threat analysis using conjoint analysis, coupled with market scans
  • Parametric's SKUTools™ Simulator
To talk with us about how we might help you with a tough product problem, contact us.
 
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