This week, we focus on Part 4 of NET LANDED PROFIT (NLP) Analytics: Having used our net landed profit model to yield pinpoint insights for action, we can move into measurement to verify problem solutions to HIT TARGETS.
In Parts 1 through 3 with Richard Sharpe of Competitive Insights, we overviewed the four major components of Net Landed Profit Analytics and worked through step 1– making sure we have a trusted set of data that everyone is comfortable using to make big decisions, and step 2 – making sure our net landed profit reflects the dimensions of the business that are meaningful, step 3 – using NLP visualization to pin point problem at the most granular level, and determine how to stop profit leaks.