Vendavo Price Chat

Where some of the best minds in pricing meet to discuss current pricing trends, their takes on relevant news, tips and tricks for maximizing your pricing efforts, and so much more

APRIL 23RD – 26TH

Professional Pricing Society Spring 2024 Conference

Loews O’Hare Hotel

Pricing and Selling Solutions for

Consumer Products

Strong competition, supply issues, consumer changes, bargaining power, ecommerce, and channel disruptions require business agility for manufacturing and distribution companies selling their products to consumers – even if they are selling indirectly. Advance and improve your pricing, selling, and rebate processes with Vendavo.

We’ll help you grow profits, margin, and revenue so you can keep providing the products and services your brokers, distributors, and consumers expect and desire.

Connect with an Expert
Consumer Products Industry Graphic on Vendavo

COMPARISON: VENDAVO VS. VISTEX

The Vistex alternative for teams that can’t wait for IT to manage their incentives and rebates

Increase revenue and reduce risks while providing an automated, end-to-end support for all your incentive, rebate, and channel programs. Own your entire process – from deal creation to payment and reporting. Whether it’s deductions or claim support, we’ve got your back, wherever you need it.  Calculate rebates, identify scenarios, review accruals, and fine-tune your programs – all in one self-serve place.  

STOCKHOLM | SEPTEMBER 9TH -11TH

Growth + Profitability Summit Stockholm 2024

Ready to elevate your revenue, growth, and profitability to new heights? Discover how to Ascend to Prosperity amid today’s economic challenges.

SOLUTION

Guided Selling

Your bottom line depends on smart, data-driven
business decisions. Vendavo’s Guided Selling
solutions are the helping hand you need. 

Guided Selling Header

About Molson Coors

Overview

For more than 200 years, Molson Coors has been brewing, marketing, and selling the world’s most iconic and beloved beer brands like Coors Light, Miller Lite, Molson Canadian, Blue Moon Belgian White, Leinenkugal’s Summer Shandy, and many more. While the company’s history is rooted in beer, today Molson Coors offers a modern beverage portfolio beyond beer including seltzers, wine coolers, energy drinks, and more. Molson Coors operates eight major breweries in the U.S., as well as the Leinenkugel’s craft brewery in Chippewa Falls, Wisconsin, and two microbreweries, the 10th Street Brewery in Milwaukee and the Blue Moon Brewing Company at Coors Field in Denver.

Fast Facts

Website: www.molsoncoors.com

Industry: Beverages – Breweries

Headquarters: Chicago, IL

Employees: 17,700

We need to make sure that we have the right people, processes, and technology to price timely and accurately. Vendavo provides a great foundation to help us serve our customers.

Beth Weinrich
Sr. Manager of Pricing Execut

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Ship and Debit Best Practices

The Ship and Debit Process Made Simple: Best Practices for Success 

Ship and Debit rebate programs help companies increase revenue, reduce standing inventory, and create long-lasting partnerships between Original Equipment Manufacturers (OEMs) and Distributors. In this article, Saravanan Krishnakumar, VP Rebate and Channel Management at Vendavo, discusses the Ship and Debit process, the benefits it offers when done correctly, challenges to watch out for, and top tips to make sure your team gets it right.
Read More > The Ship and Debit Process Made Simple: Best Practices for Success 

Leading Solutions for Common Industry Challenges

Challenges

  • Equipment ownership duration is extending, decreasing new equipment sales
  • Changing and increasing customer requirements
  • Increasing competitive price pressure
  • Limited capabilities for digital commerce and sales
  • Parts and services are increasingly being sold online
  • Lack of relevant customer context for deal negotiation
  • Lack of single integrated view of the customer

Challenges

  • Equipment ownership duration is extending, decreasing new equipment sales
  • Changing and increasing customer requirements
  • Increasing competitive price pressure
  • Limited capabilities for digital commerce and sales
  • Parts and services are increasingly being sold online
  • Lack of relevant customer context for deal negotiation
  • Lack of single integrated view of the customer

Challenges

  • Growing trade and regulatory risk
  • Aftermarket spare parts business model evolution
  • Lack of commercial process automation
  • Limited use of data insights for business optimization
  • Sales teams are struggling with executing deals appropriately to acquire and retain customers
  • Lack of integrated Ecommerce and direct sales commercial processes
  • Ineffective use of artificial intelligence

$52M

Annual Avg Improvement

6 Hours

Reported Payback Period

2.7%

Avg Bottom Line Benefit

100+

Basis Points of Margin Improvement

1-3%

Avg Revenue Lift

10-30%

Avg Range of Margin Improvement

$10M

Positive Financial Impact

8%

Operating Profit Improvement

5x

Greater Revenue Growth with CPQ

90%

Decrease in One-Off Pricing Approvals

5 Minutes

to Quote, Instead of Days

4.9%

Top-Line Growth in 4 Months

10-25%

deal win rate improvement

50%

reduction in deal turnaround time

1.5%

deal margin improvement

2%

increase in margin by eliminating errors

€200 off with promo code “EARLYBIRD”

  

We were juggling spreadsheets, calling manufacturers, and doing everything manually, which meant it took us days to develop quotes and we had a lot of errors that cost us money and credibility with our customers

<amr

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And the analysts show us love too.

G2 2023 Q2 Leader
G2 2023 Q2 High Performer
G2 2023 Q4 Best Support
G2 2023 Q4 Easiest To Do Business With Mid-Market
G2 2023 Q4 High Performer Small Business
G2 2023 Q4 Best Meets Requirements