Blog Post Archives - Aforza https://aforza.com/category/blog-post/ Make every route to market profitable Fri, 19 Apr 2024 14:10:11 +0000 en-GB hourly 1 https://i0.wp.com/aforza.com/wp-content/uploads/2024/03/aforza-icon.png?fit=32%2C32&ssl=1 Blog Post Archives - Aforza https://aforza.com/category/blog-post/ 32 32 231229401 Navigating the Pitfalls of End of Life (EOL) Software https://aforza.com/navigating-the-pitfalls-of-end-of-life-software/ Mon, 11 Mar 2024 09:00:48 +0000 https://aforza.com/?p=1505 In the fast-paced Consumer Products industry, software solutions play a pivotal role in driving business performance. However, not all vendors can keep pace with the innovation needed and you can find yourself trapped with end of life (EOL) software.

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In the fast-paced Consumer Products industry, software solutions play a pivotal role in driving business performance. However, not all vendors can keep pace with the innovation needed and you can find yourself trapped with end of life (EOL) software.

End of life (EOL) refers to the point at which a software vendor ceases to provide support, updates, and security patches for a particular product. Some of the most notable examples are Microsoft’s Windows XP, Internet Explorer 6, Office 2010 and Adobe’s Flash Player. EOL technologies can also have a direct impact on other software solutions, as seen when Oracle’s Siebel could no longer run using the retired Microsoft ActiveX technology. Or, more recently, when custom built point solutions could no longer run because they were built on the discontinued Microsoft Silverlight. Here’s a reminder of some logos you (hopefully) haven’t seen for a while:

Several factors contribute to the transition of software solutions into end of life status. Technological advancements, changes in market dynamics, shifts in consumer preferences, and evolving regulatory requirements often render existing software obsolete. Moreover, mergers, acquisitions, or shifts in a company’s strategic direction may prompt the discontinuation of certain software products.

Additionally, as software vendors allocate resources towards developing and supporting newer products, legacy software may no longer receive the attention or investment required to keep it viable in the long term. This can pose significant challenges for companies relying on these solutions to execute critical tasks.

While in the short term, the risks could seem worth it to save further investment, there have been a number of significant cases where issues caused by outdated software have been much more extensive. For example, the worldwide cyberattack in May 2017 by the WannaCry ransomware cryptoworm, which took advantage of Microsoft XP’s EOL status to spread malware and ransom demands for crypto payments.

In this blog, we will explore the challenges companies face when their software is in EOL and outlines strategies to mitigate risks and ensure continuity. But first, understanding the software life cycle can help businesses make informed decisions about when to upgrade or replace their existing software to avoid disruptions and ensure continued efficiency and security.

Navigating the Pitfalls of End of Life Software Lifecycle Visual

What Are the Pitfalls?

When a software solution reaches its end of life, several negative implications can arise, impacting the efficiency, security, and competitiveness of a business. These include:

Navigating the Pitfalls of End of Life Software Negative Implications Visual

End-of-life software receives no support, fixes, updates, or patches. Whether it’s a browser or an operating system, vendors eventually cease support and updates for certain software. So, if you find yourself using software that has reached its end of life, it’s crucial to swiftly discontinue its use altogether.

How to Handle End of Life Software

When faced with the prospect of end-of-life (EOL) software, businesses must act decisively to safeguard their operations. In this dynamic landscape, the challenge lies not only in recognizing the risks but also in devising effective strategies to mitigate them ahead of time. From bolstering cybersecurity defences to exploring alternative support options, navigating the complexities of EOL software demands proactive measures.

Here are a few ways that Consumer Product companies can address these challenges head-on and enable the seamless continuation of business operations.

1. Cybersecurity Measures:

Strengthen cybersecurity practices to address vulnerabilities in end-of-life software. This includes encryption for data storage and ensuring compliance with industry standards.

2. Monitor EOL Status:

Stay vigilant about the end-of-life status of software to avoid disruptions. Assess the software’s relevance, revenue generation, and alternatives to prepare a sustainable plan post-support.

3. Technical Debt Management:

Manage technical debt effectively to prevent system failures and increased maintenance costs. This involves maintaining codebase quality, comprehensive documentation, and identifying critical areas with higher maintenance needs.

4. Exploring Alternatives:

Consider alternative support options or migration to a supported version of the software. Explore sandboxing, virtualization, or adopting open-source platforms for timely updates and community support.

Why Aforza?

To avoid the pitfalls of end-of-life software, businesses can adopt proactive measures and leverage modern solutions like Aforza to future-proof their operations.

  • Regular Updates and Releases: Aforza’s model of three yearly releases ensures that the software stays current with the latest industry trends, features, and security enhancements. By staying up-to-date, businesses can mitigate the risk of using outdated software.

  • Comprehensive Functionality: Aforza offers a suite of cloud and mobile apps designed specifically for consumer goods companies. By consolidating trade planning and field sales activities into one platform, Aforza streamlines workflows, reduces complexity, and enhances collaboration across teams.

  • Scalability and Innovation: Built on the Salesforce and Google Cloud Platforms, Aforza provides scalability and agility, enabling businesses to adapt and grow in dynamic market environments. With continuous innovation and scalable infrastructure, Aforza ensures that companies can stay ahead of the curve and meet evolving customer demands.

End-of-life software poses significant challenges for businesses, including security vulnerabilities, compliance risks, and diminished functionality. However, with proactive planning and the right strategies in place, companies can mitigate these risks and ensure a smooth transition to modern solutions. 

Here are just a few of the some of the key features from recent Aforza software releases:

Navigating the Pitfalls of End of Life Software Studio Workflows Showcase

Enhanced Studio Workflows

Aforza Studio streamlines business workflows by bringing together digital asset management with powerful image recognition capabilities. Studio Vision automatically extracts text from your images, while Automated Image Tagging categorises them based on content. This eliminates manual data entry and ensures your marketing materials and product information are organised and readily accessible, empowering you to optimise field execution and campaign performance.

Accounts Nearby

Aforza’s mobile applications provides a clear view of your day’s visits alongside the optimised route to reach them, ensuring efficient scheduling and travel between locations. The “Accounts Nearby” functionality empowers you to identify and connect with potential customers in your vicinity, maximising your on-the-go sales opportunities.

Additionally, ad-hoc visit scheduling allows for flexible adjustments to your itinerary, catering to unforeseen circumstances or last-minute requests. These enhancements provide field representatives with a more dynamic and adaptable route management experience.

Navigating the Pitfalls of End of Life Software Accounts Nearby Showcase
Navigating the Pitfalls of End of Life Software UX_UI Showcase

Streamlined UX

Aforza’s redesigned interface prioritises clarity and efficiency, leveraging a minimalist design for optimal navigation and information retrieval. Key Performance Indicators (KPIs) are now consolidated within dedicated KPI Consoles, offering a centralised view for performance tracking and analysis.

These enhancements, coupled with a streamlined user experience (UX), aim to empower the sales force with a more functional and task-oriented mobile application. This translates to improved operational efficiency and potentially reduces time spent on administrative tasks within the mobile app.

With Aforza’s forward-thinking approach to software development, regular updates, comprehensive functionality, and scalability, Consumer Product companies can continue to navigate the complexities of end-of-life software and position themselves for sustained success in an ever-changing marketplace – long after other software solutions might have fallen away. 

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Love Your Sales Journey: Deliver Tempting Valentine’s Day Promotions With Aforza https://aforza.com/love-your-sales-journey-deliver-tempting-valentines-day-promotions-with-aforza/ Wed, 14 Feb 2024 17:07:05 +0000 https://aforza.com/?p=2173 In the world of Consumer Products, every season presents unique sales opportunities, and Valentine’s Day is no exception. Let's walk through how you can plan, check and maximise the value of your promotions this Valentine's Day.

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Love is in the air, and so are countless sales opportunities—it’s Valentine’s Day! Amidst the flurry of hearts and roses, Consumer Product businesses are gearing up to capitalize on this romantic season. There’s no better time to showcase how Aforza can be your ultimate partner in creating, checking, and maximizing the value of promotions in the season of love and beyond.

Let’s take a look at 3 of the key areas where your sales team can leverage the power of Aforza to deliver heart-stopping promotions, captivate a target audience, and drive sales growth during this romantic season. Get ready to meet Vanessa, Alex, and Tom—three team members of the Berry Mist beverage company, whose roles require special attention on a specific 40% off promotion this Valentine’s Day. We’ll see them design, check the compliance, and socially amplify the promotion, all with the help of the Aforza solution.

Deliver Tempting Valentine's Day Promotions Persona Visual

Unlocking Potential: Aforza’s Promotion Designer at HQ

At headquarters, Vanessa, a trade marketer for Berry Mist, becomes an invaluable asset for shaping the narrative of Valentine’s Day performance. Aforza’s promotion designer allows Vanessa to craft diverse campaigns, from discounted bundles to point-of-sale materials, tailored for the local customer base.

The intuitive interface simplifies the design process with embedded analytics that allow her to both plan and understand performance of different promotions at different price points.

Deliver Tempting Valentine's Day Promotions Vanessa Showcase

Additionally, she can gauge the performance of promotions in real time, providing insights for quick adjustments and optimal results.

Deliver Tempting Valentine's Day Promotions Alex Showcase

In the Field: Promotion Compliance Check with Aforza

Alex, a Berry Mist merchandiser, is in the field at one of his stores. Ensuring promotion compliance is a fundamental requirement of his day-to-day; Aforza equips Alex with tools to seamlessly check and enforce compliance with the Berry Mist promotions designed by Vanessa.

The mobile app ensures that in-store promotions are executed as intended, maintaining consistency and adherence to brand standards. This feature not only streamlines operations but also supports valuable communication between the field and HQ, ensuring a unified approach to Valentine’s Day promotions.

Digital Content Management: Amplifying Promotions on Social

Tom, Social Media Manager for the Berry Mist brand, wants to amplify the latest seasonal promotion across social channels. Equipped with Aforza Studio, a Digital Content Management tool, he can effortlessly manages and deploy captivating content across social media platforms.

Deliver Tempting Valentine's Day Promotions Tom Showcase

He can access the appealing promotion graphics that have been delivered by the Berry Mist Design team through designated folders on Aforza Studio. Each asset for the campaign has been tagged so that he can access and download them with ease. Tom has quickly been able to maximise support for in-store promotions through leveraging Berry Mist’s engaging content on social. Sounds like a match made in heaven.

As production costs continue to rise, it has never been more important to offer the most relevant promotions to your customers and price them to perfection, everywhere. It’s time to place and promote products consistently on every channel.

And, as we’ve just seen, Aforza’s suite of cloud and mobile apps, tailored specifically for the Consumer Products industry, makes it easier than ever for your sales teams to create, check and maximise the value of every promotion.

Don’t let this Valentine’s season pass you by without unlocking the full potential of your promotions. Contact us today to learn more about how Aforza can help you execute the most effective promotions at the lowest cost, guarantee promotion compliance, and drive growth through your branded products. Leading Consumer Products companies have increased their average basket size by 250% with Aforza – embrace the power of Aforza and elevate your sales journey to new heights of success.

Press Release: Aforza Receives 5 Best In Class Distinctions POI 2023 Enterprise Planning Panorama

The POI research team evaluated leading vendors to help their manufacturer and retail partners understand the technology and related service options that can help them improve promotional outcomes and drive profitable growth.

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Getting Your IR Strategy Right https://aforza.com/getting-your-ir-strategy-right/ Wed, 14 Feb 2024 16:24:32 +0000 https://aforza.com/?p=2156 In a fragmented market of IR technologies, Consumer Product companies have to piece together solutions to get the retail insights they need. This approach is expensive, unreliable and doesn't enable proactive action to address identified issues.

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Across the Retail landscape, there is a huge range of in-store tasks that need to be executed by Consumer Product companies on a daily basis to deliver sales strategies and optimise trade investments. And, with 60% of store checks still relying on labor-intensive manual measurements, essential time is being wasted. When it comes to the software involved in these tasks, companies can be tempted to develop their own systems in-house. This is often driven by a desire for control and customisation to their unique needs, and the hope that they will be easier to integrate into existing legacy systems.

The prospect of total autonomy over the development process, from conception to development, can be alluring, especially when it is presented as a long-term investment (with the belief that the company will be less reliant on others in future). Conceptually, this all makes sense. However, the reality is that there are significant challenges that make it more complex, less cost-effective and less efficient than it seems.  

For example, think of a word processor, the kind that you might use daily to execute a number of tasks. Now, consider the monumental amount of work that would go into constructing an in-house word processor from scratch. While it seems implausible in today’s tech landscape dominated by giants like Google Docs and Microsoft Word, some companies venture into similar endeavours with image recognition (IR) software, despite its complexities.

What You Need From an IR Solution & The Risks of In-House Development

IR holds massive value potential for Consumer Products, revolutionizing various aspects of operations and customer engagement. By employing image recognition technology, companies can streamline inventory management, enhance shelf visibility, and ensure planogram compliance in retail environments.

However, Consumer Product companies looking to take the route of building their image recognition software internally need to be aware of the numerous risks that path presents.

From the outset, resources allocated to hire & retain the talent required for expert machine learning and computer vision often need to be substantial, and they are still no guarantee of an effective end-product. Additionally, achieving high accuracy rates in real-world scenarios requires extensive training data and rigorous testing – all of which needs to be sourced in-house. With the level of investment required to even attempt to create an effective, it can be frustrating to shareholders (and to the teams involved) when the resulting product isn’t up to expectations.

Here are the top 7 essential features of an image recognition solution, and the risks that accompany developing them in-house:

Getting Your IR Strategy Right Features & Risks Visual

Aforza Studio: Your Digital Content Execution Hub

Even with these risks on the table, the absence of a common point solution for image recognition in the Consumer Products industry has required that companies purchase and integrate multiple solutions.

This is where Aforza Studio comes in. A compelling alternative to in-house development, Aforza Studio is a pre-built platform tailored specifically to the needs of the Consumer Products industry. Leveraging cutting-edge technology, Studio ensures cost-effectiveness, faster implementation and access to specialised expertise. Through uploading just a single asset, Aforza can can automate actions in the field for customers with an end-to-end setup (such as cater for follow up visits if your products on the shelf are below a certain percentage) – no more time-wasting manual actions and calculations.

Aforza Studio excels in capturing and processing high volumes of store images, flawlessly detecting products and understanding share of shelf and planogram compliance. Its ability to tag images with actionable attributes enables teams to take proactive action to resolve stock and availability issues, driving operational excellence and revenue growth.

This is enhanced by our partnership with ParallelDots, a renowned AI company specializing in advanced IR solutions for consumer products and retail brands, and their product ShelfWatch – ParallelDots’ ShelfWatch uses Computer Vision to analyse images of retail shelf displays that generates perfect store KPI insights in real-time.

“In the fast-paced retail world, our ShelfWatch and Aforza Studio partnership offers Consumer Products companies a futureproof image recognition solution, blending advanced capabilities with continuous feature and functionality enhancements. This collaboration sidesteps the complexities and costs of in-house development, providing a ready-to-deploy, state-of-the-art service tailored to the industry’s unique needs,” said Angam Parashar, Co-Founder & CEO of ParallelDots. “Leveraging this leading platform enables companies to stay ahead of the curve, ensuring growth, operational excellence, and superior customer engagement with unparalleled efficiency and accuracy.”

Here are some of the key features of Aforza Studio:

Getting Your IR Strategy Right Aforza Solution Visual

The Business Impact

With Aforza Studio, Consumer Product companies can take action on share of shelf intelligence, empowering them to:

  • Protect up to 5% of revenues by immediately addressing out-of-stock issues with proactive actions.

  • Ensure promoted stock is available in store and visible, reclaiming up to 70% of wasted trade investment.

  • Increase customer NPS and prevent brand switching to a competitor when faced with an out-of-stock situation.

  • Save thousands with just a one-time Aforza Studio set-up. Configure workflows, allow members of sales teams to do what they do best – sell.

In conclusion, image recognition technology presents a transformative opportunity for the Consumer Products industry. Its ability to streamline operations, improve customer engagement, and unlock valuable insights makes it an indispensable tool for companies striving to stay competitive in today’s fast-paced market.

By embracing established IR solutions like Aforza Studio, Consumer Products companies can harness the power of their visual data to drive growth, enhance efficiency, and deliver exceptional experiences to consumers worldwide. As the industry continues to evolve, those who leverage the potential of image recognition can be confident that they are at the forefront of innovation.

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Vertical vs. Horizontal CRM Software in the Consumer Products industry https://aforza.com/vertical-vs-horizontal-crm-software-in-the-consumer-products-industry/ Wed, 24 Jan 2024 09:00:13 +0000 https://aforza.com/?p=872 Consumer Products companies face a unique set of industry challenges, and the choice between vertical and horizontal CRM solutions can significantly impact their ability to protect margins and seize growth opportunities.

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In the Consumer Products industry, the role of Customer Relationship Management (CRM) software cannot be overstated. A 360 degree view of your Retail Customers is critical to success and you need to engage with them across all routes-to-market. Consumer products companies face a unique set of industry challenges, and the choice between vertical and horizontal CRM solutions can significantly impact their ability to protect margins and seize growth opportunities.

Aforza is a leading provider of CRM solutions for the Consumer Products industry, it’s our only focus. In this blog, we’ll look into the distinctions between vertical and horizontal CRM software, highlighting how Aforza’s tailored solutions address industry-specific challenges and needs.

 

Understanding Horizontal CRM Software

Horizontal CRM is a generalised solution applicable across various industries. This type of CRM software is versatile, offering a broad set of features that can cater to a range of sectors without being tailored to any specific industry use cases.

It provides general features that can be applied universally. Horizontal CRM software is designed to be standard and easily integrable into different business environments. However, it may lack the precision and depth needed to address the specific challenges faced by industries with unique requirements, such as Consumer Products.

 

Understanding Vertical CRM Software

Vertical CRM is a specialised solution designed to meet the unique needs of a particular industry. This approach involves creating software that caters specifically to the requirements and use cases of a particular vertical, such as the Consumer Products industry.

In the context of Consumer Products, vertical CRM involves understanding the industry’s unique data requirements, developing a tailored data model and supporting business processes. This model ensures that the CRM solution is not a generic, one-size-fits-all platform but one that resonates specifically with the industry’s requirements. This results in a faster time-to-value and more ongoing agility as the industry needs evolve.

 

The Tip of the Iceberg

Let’s imagine an iceberg as the CRM solution and breakdown what you actually get out-of-the-box, versus what is hidden under the waterline.

With Horizontal CRM, the software license makes up approximately 10% of your total costs. The other 90% will need to be spent on customising the solution to meet your unique industry needs. Common Consumer Product use cases like account targeting, segmentation, visits & task execution, audits, orders, promotions and offline mobile capabilities will all need to be built. Once built, it then needs to be maintained, else these customisations create technical debt.

With Vertical CRM, Aforza delivers this industry specific functionality out-of-the-box. With limited configuration and administration, you can tailor these processes to meet your business requirements and go-live quickly.

Iceberg Software Diagram

Aforza’s Approach

Aforza is a leading provider of CRM solutions specifically tailored for the Consumer Products industry. Aforza understands the complexities of this vertical and has developed a suite of capabilities to streamline operations, drive growth and protecting margins.

Here are 5 key areas that clearly differentiate Aforza as a Vertical CRM provider for the Consumer Products industry:

Aforza Marketecture

1. Industry Data Model

Consumer Products specific entities & relationships

  • No need to customise generic objects
  • Accelerates implementation by aligning seamlessly with industry-specific requirements
  • Minimises errors & technical debt

2. Omnichannel Out-of-the-Box

All of your route-to-market channels covered

  • Field, Telesales, B2B & Distributors covered
  • Reduces implementation timelines with ready-to-deploy channels
  • Guarantee a consistent UX across all touchpoints for streamlined operations
Aforza B2B - Homepage
Aforza Key Account Management - Segments

3. Segmentation, Pricing & Promotions Engines

Deliver penny-pefect pricing on every channel

  • The same engines run across every route-to-market channel
  • Calculate exact pricing, even when offline
  • Eliminate the need for time-consuming ERP system integrations

4. Offline Mobile

Phone & Tablet apps built for the Consumer Product industry

  • All mobile functionality available when disconnected from the internet
  • Consumer-grade UX with easy order capture & promotion execution
  • Full support for Apple & Android Phones & Tablets
Aforza Retail Execution - Visits
Aforza Studio Photo Automation - Vision Detection

5. Digital Content Execution

Seamlessly integrate content into your sales processes

  • Easily capture store photos to guarantee promotion compliance
  • Understand availability & share of shelf with integrated image recognition
  • Take action in real-time with content based workflows

Choosing the right CRM solution for your Consumer Products business is critical to success. In our decades of experience in CRM implementations, we’ve seen that having a CRM tailored to the unique needs of the industry is the difference between project success and failure. We are passionate about this!

Aforza doesn’t just offer a standardised bunch of features; it provides an industry-specific complete solution that makes operations smoother, helps companies grow, and ensures success.

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Black Friday: The Importance of Flawless Retail Execution https://aforza.com/black-friday-the-importance-of-flawless-retail-execution/ Thu, 23 Nov 2023 14:51:52 +0000 https://aforza.com/?p=2352 Black Friday has transformed into a global shopping phenomenon, presenting significant opportunities & challenges for retailers. Discover how you can make the most of the period with Aforza Visit, Studio & B2B.

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Black Friday not only kicks off the festive shopping season but also serves as a critical milestone in the retail calendar, marking the start of significant profits in the industry. Initially coined to refer to the day that retailers moved from red ink (negative balance) to black ink (positive balance) in their financial ledgers, Black Friday still represents a major increase, with consumers in the UK alone expected to spend £3 billion in 2023.

Now expanding across the weekend into Cyber Monday (the eCommerce-focused counterpart), there are many advantages for retailers. For example, in the US,

Black Friday- The Importance of Flawless Retail Execution Online Sales Visual

Black Friday Challenges

But amidst the rise of discounts and increased consumer demand, the key to Black Friday success extends beyond tempting deals and marketing finesse. It converges on flawless retail execution, where the availability of products becomes the linchpin for attracting and retaining customers.

The demand for products during Black Friday escalates dramatically, and any issues in inventory management or sales operations can result in lost sales opportunities and damaged customer relationships. You can have the best product, with the best marketing and promotional offers, but if it’s not available at the time when the consumer wants it – it may as well not exist.

Aforza provides a complete suite of cloud & mobile solutions to help you address this, connecting trade planning and field sales teams together to solve the problems of margin erosion, missed revenue opportunities and ineffective trade spend.

Customer success is Aforza’s top priority, and we are proud to be trusted by Consumer Product companies around the world; including leading breweries, food & beverage manufacturers, consumer healthcare companies and major distributors.

Let’s focus on a few of the key areas where you can accelerate your margins this Black Friday, with Aforza Visit, B2B & Studio.

Aforza Retail Execution - Visits

Aforza Visit

Product availability is one of the major pitfalls retailers can fall into during the Black Friday rush. To benefit from the hype around the day, you need to have your products in store so that they can be bought, rather than competitor products. With strategic account segmentation and route planning, Aforza Visit ensures that field teams can prioritize high-value accounts, guaranteeing products remain in stock where it matters most.

Streamlined field engagement and step-by-step merchandising enhance efficiency, ensuring products are readily available for customers amidst the Black Friday frenzy, making it an essential tool for maintaining stock levels and driving sales success.

Aforza B2B

As Black Friday extends into Cyber Monday, growing its digital reach across diverse customer segments, the ability to ensure your products are available across the fragmented market is critical.

Efficient order execution not only streamlines operations but also enhances the overall buying experience for retailers. It ensures that products are readily available, empowering retailers to guarantee stock availability during the Black Friday frenzy.

Aforza B2B - Homepage

Aforza B2B enables consumer product companies to navigate efficiently, reducing costs and extending their market reach through self-service channels. With AI powered 1-click ordering, telesales support for in-flight updates & amendments and guided promotional claims process, it’s easier than ever to drive consistency across channels with the same penny-perfect pricing and promotions everywhere.

Aforza Studio Photo Automation - Vision Detection

Aforza Studio

With Aforza Studio you can empower retailers and suppliers to detail brands to perfection, ensuring that every piece of digital content resonates with brand identity and message. Precision across your brand is vital during Black Friday, where the sheer volume of marketing materials demands consistency and quality across all sales touch-points.

Moreover, Aforza Studio guarantees promotion compliance, enabling retailers to align their promotional strategies.

 This assurance ensures that every deal and offer communicated to consumers translates accurately across various channels, eliminating confusion and bolstering trust during this high-stakes shopping period.

Get Started Today

Prepare for Black Friday by integrating these powerful capabilities of Aforza Studio and Aforza B2B’s efficient ordering system. Seamlessly manage digital content and streamline customer orders, to maintain a high-level of customer satisfaction during this critical retail period. These tools don’t just ensure success for the season; they lay the foundations for lasting growth.

Take a look at our full Season Of Studio Hub, where we showcase leading examples of Digital Content Execution for the Consumer Products industry with tangible demonstrations that you can get going with today.

Black Friday- The Importance of Flawless Retail Execution Season of Studio

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Navigating the Age of the Zero Consumer and the Importance of Retailer Relationships https://aforza.com/navigating-the-age-of-the-zero-consumer-and-the-importance-of-retailer-relationships/ Fri, 10 Nov 2023 16:15:16 +0000 https://aforza.com/?p=2394 In this blog, we delve into who "Zero Consumers" are, how retailers handle their expectations and Aforza can help to support the underlying retailer relationships.

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The consumer landscape is evolving rapidly, and with it, a unique segment known as the “Zero Consumer” has emerged. While you might not have heard of this label, it represents a growing global phenomenon that’s changing the way businesses interact with their customers. Zero Consumers are characterized by omnichannel shopping habits, an ability to be frugal in some areas while splurging in others, lack of brand loyalty, and their strong emphasis on health and sustainability.

To stay relevant and competitive in this shifting landscape, retailers are adapting to the expectations of Zero Consumers and leveraging omnichannel technology to offer consistent experiences.

Who Are Zero Consumers?

Zero Consumers represent a unique demographic that’s reshaping the consumer landscape in several ways:

  • Omnichannel Shoppers: Zero Consumers seek a seamless shopping experience across physical and digital retail channels. They expect consistency and convenience in their interactions with retailers.
  • Spending Habits: These consumers exhibit a distinct behavior – they are frugal in certain product categories while willing to splurge in others. This dynamic spending behavior puts pressure on midpriced brands.
  • Brand Neutrality: Zero Consumers are not loyal to specific brands. During the COVID-19 pandemic, many of them experimented with new products and brands when their preferred options were unavailable.
  • Value and Values: Zero Consumers prioritize both value and ethical values. They care about health, sustainability, transparency, and provenance. They tend to support brands that offer sustainable yet affordable products.
Navigating the Age of the Zero Consumer and the Importance of Retailer Relationships Zero Consumers Showcase

The Importance of Retailer Relationships in Engaging Zero Consumers

While the subject of the Zero Consumer is really a DTC (Direct To Consumer) challenge, the importance of retailer relationships in this transformation is significant, as it involves the supply chain, partnerships, and collaborations that support the consumer-facing aspects of omnichannel retail. Here’s how they play a critical role in protecting brand value and catering to Zero Consumers:

  • Supply Chain Efficiency: retailer relationships are vital for ensuring a seamless supply chain. Efficiency in the supply chain guarantees that products are readily available to meet the changing demands of Zero Consumers.

  • Collaborative Partnerships: Businesses can form partnerships with other companies to expand their product offerings and provide unique value to customers. These collaborations help companies meet the diverse needs of Zero Consumers effectively.

  • Data Sharing: Data sharing and collaboration between retailers can improve the flow of information in the supply chain. This allows businesses to make better decisions, optimize inventory, and meet customer demands more efficiently.

  • Innovation and Technology Integration: retailr relationships often involve technology providers and solutions that can enhance a company’s omnichannel capabilities. Adopting cutting-edge technology can be a significant advantage in catering to Zero Consumers.

Anticipating and responding to what zero consumers want is just one of the challenges that consumer companies confront today.
‘Zero Consumers’: What they want and why it matters

McKinsey & Company

Consumers aren’t browsing like they used to and are abandoning their once-preferred brands; they’re also demanding speed and sustainability. As retail ecosystems evolve, suppliers are, in many cases, becoming customers.
Retail Reset: A new playbook for retail leaders

McKinsey & Company

Aforza’s Role in Supporting Retailer Relationships

As Zero Consumers continue to reshape the retail landscape, Aforza empowers retailer relationships with:

  • Supply Chain Efficiency: Aforza optimizes efficiency in the supply chain at every stage, ensuring that products are getting to where they need to be. Through facilitating real-time data exchange within retailer relationships, businesses can minimize their out-of-stocks, maximise product availability and ensure a consistent and reliable retail experience for all of their customers (even zero consumers).

  • Collaborative Partnerships: Aforza is uniquely well-positioned within the Consumer Products industry to support effective & long-term retailer partnerships. Built on the Salesforce and Google Cloud Platforms, and utilising additional innovative software such as advanced image recognition, Aforza’s suite of cloud & mobile apps enables seamless retailer collaboration in addressing the changing needs of the zero consumer segment with the latest technology for every step in the sales process.

  • Data Sharing: One of the most important aspects of a successful retailer relationship is the seamless flow of information between businesses, as this is where real-time decisions can be made to respond to exactly what zero consumers want. With Aforza, it’s easier than ever to share immediate insights, including commercial data, visual assets and inventory levels, to help businesses make the right choices, at the right moment, and retain their zero consumer customers.

  • Innovation and Technology Integration: To keep up with the ever-changing requirements of the Consumer Goods industry and Zero Consumers, Aforza scales fast, continuously innovating with 3 releases a year. Aforza is the world’s most connected, purpose built and intelligent sales execution platform, designed to support retailer relationships, drive margin protection and retain customer loyalty on every channel.

Aforza One Connected Solution

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What is Product Information Management (PIM)? https://aforza.com/what-is-product-information-management-pim/ Tue, 30 May 2023 12:55:57 +0000 https://aforza.com/?p=3206 Product Information Management (PIM) solution help manage assorted product data and digital assets in a central platform, providing a single source of truth for brands, manufacturers, distributors, and retailers.

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In the consumer goods industry, product information management (PIM) has become an essential tool for managing and distributing product data efficiently. PIM software enables brands, manufacturers, distributors, and retailers to handle the complexity of product data and digital assets in a centralized platform. This blog will explore what PIM is, why it’s so necessary for the Consumer Products industry, and how it can benefit businesses that sell online.

What Is PIM?

Product Information Management (PIM) solutions are designed to manage the data required for the marketing and sale of products. It enables businesses to handle product data and digital assets in a centralized platform, which becomes the single source of truth. This provides a consistent and accurate view of product data, helping businesses to streamline their processes and improve their time-to-market.

A PIM solution collates product information from multiple internal and external data sources such as an ERP, PLM, or supplier feeds, enabling Consumer Product companies to efficiently manage data structures and product relationships.

What is Product Information Management (PIM)_ Studio Showcase

Why Use a PIM Solution?

PIM is essential for Consumer Product companies that sell online, especially those that import data and assets from multiple disparate systems in varied formats. It’s common for these companies to identify discrepancies, errors, or contradictions in product data and documents, and frequently need to make changes to product data.

A PIM solution is also beneficial for businesses that deal with a wide variety of product relationships, sell to marketplaces with specific data requirements/formats, need to provide different layers of product data detail to customers, partners, and internal teams, distribute product information to multiple sales channels and/or geographies, and need to maintain data consistency for regulatory purposes.

Efficient data onboarding and powerful automation enable businesses to speed up time to market, gain vital extra selling days, and stay ahead of their competition. Streamlined processes make it easy to create new product categories, marketplaces, and territories, allowing businesses to quickly react to the latest trends and drive more demand with super relevant search terms to boost their SEO performance. PIM also enables businesses to tap into new opportunities such as dropshipping or long-tailing to further boost revenues.

Personalization is becoming increasingly important for businesses that sell online, and PIM enables businesses to improve conversion rates and boost average order values (AOV) with “shop the look” options and intelligent product recommendations. Businesses can give customers total confidence in their buying decisions with rich, accurate, and up-to-date product information that delivers better conversion rates. This, in turn, increases customer lifetime value (CLV), with returning shoppers being more likely to leave positive product reviews, recommend the products, and eventually become brand advocates.

What Are The Key Capabilities of a PIM Solution?

So, you want to make sure your products look amazing across all channels, from website to sales reps tablets. Enter PIM, the solution to your product information management woes. But what exactly can PIM do for you? Here are the top five capabilities of a PIM solution that can help streamline your product information and take your business to the next level.

  • Centralized Product Information Management: A single source of truth for all product information

  • Digital Asset Management: The ability to manage and distribute product images, videos, and other digital assets

  • Data Governance: Tools and processes to ensure data quality, consistency, and accuracy

  • Workflow and Collaboration: The ability to manage and automate product-related workflows and collaborate with internal and external teams

  • Channel Syndication: The ability to distribute product information to multiple sales channels, marketplaces, and geographies

PIM can be a vital tool for businesses in the consumer goods industry that sell online. It enables businesses to manage their product data and digital assets in a centralized platform, providing a consistent and accurate view of product data that streamlines processes, improves time-to-market, and drives revenue growth.

By using Aforza’s industry-leading PIM solution, our customers can stay ahead of their competition, tap into new opportunities, and deliver exceptional personalized user experience, increasing conversion rates and customer lifetime value.

What is Product Information Management (PIM) Studio Showcase

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Introducing the Aforza Consumer Goods KPI Index https://aforza.com/aforza-consumer-goods-kpi-index/ Fri, 03 Feb 2023 13:47:49 +0000 https://aforza.com/?p=3138 We are very excited to share Aforza's Consumer Goods KPI Index. There has never been a more important time to track, review and understand every aspect of business performance in real-time, which starts by knowing exactly what to measure.

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This can be an overwhelming challenge for any business and as transformation experts in the Consumer Goods industry, we are continually asked to share our experience in this area.

The index is based on Aforza’s out-of-the-box reporting KPIs and continually enhanced following our experiences of working with Consumer Goods companies around the world. The KPIs are structured around the following 9 business domains and for each we share the metric definition, target outcomes, KPI formula, and out-of-the-box screenshots:

Introducing the Aforza Consumer Goods KPI Index Visual

1. Margin Protection

2. Segmentation

3. Visit

4. Sell

5. Deliver

6. Promotions

7. Compliance & Regulations

8. Commercial Planning

9. User Adoption

We hope you find this index valuable and that you are able to leverage these metrics across your business. With record levels of inflation, supply chain bottlenecks, ever rising regulations and rapidly evolving consumer expectations, it has never been more important to ensure that you have the controls in place to confidently execute your sales strategy, and that your revenue carrying workforce is empowered to succeed.

We look forward to helping you understand every metric you need to run your business and grow revenues like never before.

How to Navigate the KPI Index

Before using the Consumer Goods KPI Index, it is important you understand the way it has been structured and how to navigate it. There are 5 levels to the Index:

 

  • Business Domain: the area of the business you are focused on.
  • Target Outcomes: these are the outcomes you are looking to drive within this domain.
  • Key Performance Indicator (KPI): a measurable value that demonstrates how effectively you are achieving this target outcome.
  • KPI Report: a summary of the data that supports the calculation of this KPI.
  • Decision Dashboard: a collection of related KPIs that support business decisions by persona, strategy, category or channel.
Introducing the Aforza Consumer Goods KPI Index How to Visual

How to Use the KPI Index

  1. Start by going to the table of contents on pages 3 – 7 and selecting your business domain.
  2. Identify the Key Performance Indicator (KPI) you would like to measure and drilldown on it.
  3. On the KPI detail page, review its definition, supporting formulas and calculation reports.
  4. Understand the target outcomes that this KPI measures.
  5. Bring the KPI to life with a visual showcase of Aforza’s out-of-the-box Decision Dashboard.
Introducing the Aforza Consumer Goods KPI Index KPI Visual

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What Is Margin Protection Management? https://aforza.com/what-is-margin-protection-management/ Wed, 04 Jan 2023 15:54:44 +0000 https://aforza.com/?p=3187 The sales landscape has undergone significant changes with evolving customer expectations, shifting buying behaviours and new technology. To keep up, even the more traditional channels, like telesales, will have to modernise to survive.

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The latest Accenture research on Margin Pressure Comparison by Industry (as seen below) illustrates  the volatility that Consumer Good companies are currently facing due to rising inflation, due to high raw material and supply chain costs with zero tolerance for passthrough.

What Is Margin Protection Management Accenture Visual

Reference: Accenture 2022 – How Does Inflation Affect Business?

“Industries will face different levels of cost pressure on margins, based on their cost structure. The consumer goods industry is exposed to the high cost of energy indirectly, as many of their manufacturing processes rely on food, raw materials and resources from directly impacted industries. The food, beverage and consumer durables sector also is highly price-sensitive and vulnerable to consumer switching.”

Why Is Margin Protection So Important?

As we’ve seen in the past, when inflation increases, cost of living increases and consumer spending becomes more conservative. Consumer spending pressures coupled with difficulty in controlling the cost of sourcing raw materials or supply chain disruption, it requires immediate attention by manufacturers to instantly know where margin-thin products are placed, and understand how quickly they’re moving. The right stock needs to be in the right place at the right time with insights into their sales velocity. 

 A growth mindset has been core to Consumer Goods commercial strategies to meet aggressive revenue targets.  But under the current economic climate, it’s now mission-critical to control and protect margins as a primary lever to protect the bottom line.  Consequently, manufacturers must adapt and invest in effectively controlling pricing, promotion and placement of products both in-store and online, while selling flawlessly everywhere.

What Is Margin Protection Management?

With Aforza’s margin protection capabilities, Consumer Goods companies can now maintain the margins they have, protect market share and strengthen customer loyalty despite difficult market conditions. 

Aforza’s margin protection management capabilities enable end-to-end acceleration of margin control across every channel, connecting HQ planning to omnichannel execution in real-time. A powerful segmentation engine targets customers based on their profitability. Omnichannel pricing & promotion engines then control margins on every channel, including offline mobile in the field. Powerful cross & upsell recommendations ensure maximum sales efficiency with larger basket sizes during store visits. As a result, customers using Aforza have seen over 250% growth in sales performance with significant costs savings by achieving greater commercial efficiencies and agility.

Aforza customers have highlighted 6 ways they now gain greater margin control with the solution’s capabilities.

Aforza Key Account Management - Segments

1. Target customers based on profitability

Only send sales teams to visit customers when it’s worth it!

Sending sales teams to every potential customer is an unreliable, scatter-gun approach when focusing on longer-term margin protection. Not every customer account can justify the expenses of visiting and selling to them.

With Aforza’s segmentation engine, you can evaluate the performance of customer accounts ahead of time and determine your sales visits based on profitability; ensuring you get the maximum value out of every sales visit. Additionally, with optimised route planning, you ensure that your sales teams can get to these higher profit customers as efficiently as possible.

2. Maximise sales efficiency with larger basket sizes

Make sure sales are getting the most value out of each customer visit.

Provide your sales team with the tools that will make every selling moment in the field as efficient as possible. Without offline tools, sales teams work around their retail execution apps, resulting in missed revenue opportunities and an administration headache.

Aforza customers can execute perfectly, anywhere. An offline engine sits at the core of every Aforza capability, so we can take internet reception out of the equation for your success. Sales teams can take orders in the field, capture competitive info, execute audits and schedule deliveries in the moment, all while working offline. Some of our most powerful customer benefits are based on offline recommendations for trade up-sells based on real-time visibility into stock availability.

Aforza Distributor Management - Order Management Tablet
Aforza Retail Execution - Order Capture

3. Control pricing & manage discounts everywhere

Keep your prices consistent and profitable on every channel.

Time and again, we hear customer frustrations about their inability to control prices and discounts across different routes to market. In worse case scenarios, field sales reps create arbitrary pricing and discounts on a customer-by-customer basis because price controls don’t exist. Arbitrary pricing and promotion execution erodes sales margins and creates disjointed commercial experiences across different channels.

With Aforza’s Omnichannel Pricing Engine, gain perfectly controlled pricing, promotions and placement of products with the ability to adapt to your customers’ changing needs, in real time, during store visits. This will enable your business to optimise and control pricing for each market and customer segment that’s going to drive a positive ROI. Ensure consistency and control across all your potential customer channels – whether they’re accessible in the field, via telesales, eCommerce, distributors and beyond. 

4. Guarantee customers pay

Never place orders in accounts that won’t pay up!

Every other step of the sales journey will be pointless if you never reach the point of payment with your customers. It’s important to ensure your sales teams can go into every customer interaction with full, real-time visibility on account credit history, order checks and validation rules – all offline. 

Aforza Key Account Management - Account 360
Aforza Distributor Management - Stock & Inventory

5. Cleardown all stock

Avoid getting to a situation where your stock perishes and cannot be sold.

There needs to be a definitive balance to the amount of stock provided to stores to maintain margin. Too little and your brand presence will shrink, reducing customer awareness as they take up other products. Too much and you run the risk of losing product volume to perishing waste and invoking administrative costs for damages, spoils & returns. 

With Aforza, ensure that you know how much of which products are in-store with real-time stock availability and a single commercial product catalogue. A customer might not always know what they have in store, and over-order to compensate; give your sales teams all the information they’ll need to make effective decisions in store, offline. Our end-to-end inventory management can provide total stock view and ensure that up-selling and cross-selling don’t risk becoming overselling.

6. Command a Premium

Keep brand equity high by continually selling the value!

In order to increase gross revenue and command a premium for your products, it’s important to sell the value. With today’s modern customer, this is all about brand detailing and integrating digital assets into every sales visit.

Educate the buyer into the value of your brand through consultative selling using digital slides, images and videos. This needs to be seamlessly integrated into the visit progress and available online and offline to ensure no disruption.

What Is Margin Protection Management Command Premium Showcase

Control Starts With Understanding Your KPIs

To support you in this control and margin protection, Aforza has also launched the industry’s first Consumer Goods KPI Index. The 100+ page index includes everything a CG company needs to confidently run their business and understand each sales, margin and promotion performance metric in real-time.

The Consumer Goods KPI Index is complimentary to all manufacturers & distributors, and available to download below.

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Take Control with True Omnichannel Promotion Execution https://aforza.com/take-control-with-true-omnichannel-promotion-execution/ Wed, 06 Jul 2022 14:31:24 +0000 https://aforza.com/?p=2730 In today’s market, many Consumer Goods companies are finding themselves on the back foot; vulnerable to external factors that could make or break them.

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New Levels of Industry Disruption

Record levels of inflation, supply chain upheavals , ever-rising regulations and rapidly evolving consumer expectations are creating route-to-market challenges like never before. The unpredictability of these factors, coupled with the constant development of industry competitors, are redefining how Consumer Goods (CG) companies need to operate.

CG businesses must be prepared to rapidly adapt their strategies and operations to contend with these factors. It has never been more critical to ensure essential brands are available through the right channels and at the right price.

Take Control with True Omnichannel Promotion Execution Industry Disruption Showcase

Consumer behaviour is actively being impacted by industry conditions. As prices rise to contend with a difficult market, consumer spend will decrease and promotions will become even more attractive. The Consumer Goods Technology (CGT) graphics below illustrate the increased consumer awareness of price hikes, particularly in the food industry, and predicts that 28% will be actively looking for promotions.

The businesses able to absorb price increases, instead of passing them on to these cost-conscious consumers, will see greater success in maintaining brand loyalty and rate of sale. In these turbulent times for the industry, losing market share to cheaper, ‘budget’-branded products or more effective promotions could be devastating.

Take Control with True Omnichannel Promotion Execution Analytics Insight Visual
“Most consumers intend to reduce their product spending during the next three to six months, and brands are being challenged to ensure their promotions are hitting the mark.”
Lisa Johnston

Senior Editor, Consumer Goods Technology

Industry and global events must not be allowed to lead and dictate the actions taken by your business. While certain areas of most businesses will inevitably feel the impact of such events, steps can and should be taken to minimise their effects. For example, although supply shortages are likely to occur, they don’t automatically have to translate over to price rises for the consumer. It’s possible to approach potential fallout strategically and find other avenues to grow; consider, for example, shrinkflation‘ or launching and making intentional, segmented promotions.

The number of tools, tactics and data processes available to navigate the complexity of the Consumer Goods industry can be, quite frankly, overwhelming.

Take Control with True Omnichannel Promotion Execution End to End Visual

How Can Aforza Help?

Aforza cuts through the noise of all these assorted tools. As opposed to operating across siloed, disconnected platforms that require time and effort to switch between, take control on a singular, omnichannel application.

Creating a consistent commercial experience, both for your customers and employees, is key to combating the potential pitfalls highlighted above. Implement Aforza and take control with these three strategies:

1. Understand and Get Ahead of Market Events Before They Become an Issue

Preparation is key to ensuring that you can be proactive, instead of reactive, when market events arise. If you’re proactive, you can take an event and make the situation work for you instead of reactively scrambling to create a strategy.

So, when you see rising prices in materials, cost of living and inflationary pressures, it can be the easier and more reactive solution to pass these costs directly onto the consumer. But, if you have understood the commercial landscape and readied a strategy, you may be able to turn your insight into an advantage.

 

2. Rapidly Put Sales and Promotion Strategies in Place to Address These Events

Aforza enables rapid deployment of sales and promotion strategies to support the insights gathered by your teams.

Some of the key capabilities that fulfil this are:

  • Real-time insights, pulled from a range of commercial data sources, that allow you to optimize strategies based on your business goals and current supply and promotion constraints. This allows you to maximize the value of every dollar invested in trade promotions.
  • Rich, interactive reports and chart visuals make this insight highly actionable, so changes can be made in real-time. Users can seamlessly drill down from the insight into related records.
  • A Powerful Promotion Planning Dashboard allows you to target the right customers by sharing a real-time view into promotion performance, inventory levels, sales order insights, budgets & funds, plans and objectives.
  • Granular Promotion Insights that provide a real-time view into how a single promotion is performing, including individual SKU performance within the promotion, promotion performance over time, and overall promotion profit & loss. This supports real-time in-flight changes to promotions to maximise their effectiveness.

 

3. Execute Consistently Across Every Channel (Field, Mobile Offline, Telesales, E-commerce)

Ensure your products and promotions get in front of the right customers, in the right outlets, through the right channels. With the number of companies investing in their omnichannel experiences having risen exponentially from 20% to over 80%, competitive movements in this area are vital.

With Aforza, you can easily plan, promote, visit, sell and deliver across every channel. Counteract the impact of external market events with the ability to be both flexible and consistent.

Check out our latest webinar for additional information on how this can be achieved, presented by our CEO, Dominic Dinardo, alongside a live product demonstration from Chief Product Officer, Nick Eales.

Learn more about how leading CPG companies are taking control of external events with true omnichannel sales and promotion execution to differentiate their brands and unlock revenue potential like never before.

Get in touch to discover how industry leaders, such as BrewDog, are using Aforza’s solution for:

  • Truly connected Trade Promotion Management

  • Fully offline, guided Retail Execution

  • Dynamic omnichannel pricing

  • Integrated Digital Asset Management

  • Real-time analytics & AI-driven engines

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