10 revenue management challenges to embrace for 2019
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This document outlines 10 revenue management challenges for companies to address in 2019. These include developing a revenue optimization plan, reviewing channel costs and operational efficiencies, analyzing the customer journey, educating staff, identifying top performers, increasing knowledge of pricing psychology, improving forecast accuracy, and expanding data analysis. The goals are to ensure adequate coverage, optimize costs and channels, improve internal processes, better understand customers, train employees, and leverage more robust data.
10 revenue management challenges to embrace for 2019
- 1. 10 Revenue Management Challenges To Embrace In 2019
- 2. 1. Revenue Optimisation Plan ensure there is adequate coverage
- 3. 2. Channel Costs And Optimisation
- 4. 3. Clean Up Your Backyard
- 5. 4. Operational Efficiencies Review operational efficiencies and communication
- 6. 5. Leverage The Customer Journey Analyse the customer journey at all touch points
- 7. 6. Educate
- 8. 7. Find Your Revenue Rockstar put a call out to your staff for these ideas
- 9. 8. Psychological Strategies Increase your knowledge on pricing and consumer psychology
- 10. 9. Improve Forecast Accuracy
- 11. 10. Add Layers To Your Data Story Expand your data sets