PRGX Helps Retailers Maximize Promotional Effectiveness Through True Net Cost Analysis

Rhea-AI Summary

PRGX Global, Inc. (Nasdaq: PRGX) highlights its recent webinar, “Maximizing Promotional Effectiveness with True Net Cost Analysis,” amid ongoing challenges in the retail sector due to COVID-19. The webinar, hosted on August 6, 2020, addresses strategies to enhance promotional analysis and identify weak areas in vendor promotions. PRGX emphasizes the importance of true net cost analysis for a comprehensive understanding of promotional effectiveness and margin performance. The company has been instrumental in assisting retailers optimize their source-to-pay processes, recovering $1.2 billion annually.

Positive

• PRGX's webinar provides valuable insights into improving promotional strategies for retailers.
• Focus on data science techniques to enhance vendor promotion performance.
• Company's established industry expertise over 50 years supports its credibility.

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• None.

ATLANTA, Oct. 14, 2020 (GLOBE NEWSWIRE) -- PRGX Global, Inc. (Nasdaq: PRGX), a global leader in recovery audit and spend analytics services, announced its recent webinar, “Maximizing Promotional Effectiveness with True Net Cost Analysis,” is now available here.

Retailers are facing new, unprecedented challenges as a result of the global COVID-19 pandemic. Even as some companies see overall sales increase, such as those in the grocery industry, maximizing performance and the value of their source-to-pay cycle remains difficult. This is particularly true when it comes to tracking the success of rebates, promotions and discounts.

PRGX’s webinar on maximizing promotional effectiveness examines how increased sales can mask root cause issues, strategies to identify weak promotional areas and what key efficiencies maximize overall margin performance. The webinar also provides insight into data science techniques used to identify the highest performing vendor promotions.

“Retailers and grocers are moving at a rapid pace to keep up with evolving consumer demand and spending, especially as the COVID-19 pandemic strains operations and supply chains,” said Jin Ro, Chief Analytics Officer of PRGX. “Conducting a true net cost analysis offers a deeper and more accurate view into the effectiveness of vendor promotions and how to maximize overall margin performance.”

The webinar, which was hosted on Aug. 6, 2020, is available here: https://www.prgx.com/resources/maximizing-promotional-effectiveness-with-true-net-cost-analysis/.

About PRGX
PRGX helps companies spot value in their source-to-pay processes that other sophisticated solutions didn’t get to before. Having identified more than 300 common points of leakage, we help companies reach wider, dig deeper, and act faster to get more value out of their source-to-pay data. We pioneered this industry 50 years ago, and today we help clients in more than 30 countries take back $1.2 billion in annual cash flow. It’s why 75% of top global retailers and a third of the largest companies in the Fortune 500 rely on us. For additional information on PRGX, please visit www.prgx.com.

Media Contact:
Jacob Hamilton
Arketi Group
jhamilton@arketi.com

FAQ

What is the focus of PRGX's recent webinar?

PRGX's webinar focuses on maximizing promotional effectiveness and analyzing vendor promotions in the context of COVID-19 challenges.

When was PRGX's webinar on promotional effectiveness held?

The webinar was hosted on August 6, 2020.

How does PRGX assist retailers in improving margins?

PRGX helps retailers by identifying issues in their source-to-pay cycles and maximizing the effectiveness of vendor promotions.

What financial impact does PRGX claim to have helped its clients achieve?

PRGX claims to help clients recover $1.2 billion in annual cash flow.