A $1.3B market-leading healthcare client, sought to better address customer needs and optimize customer cost of sales through segmentation optimization. Serving complex markets within nutritional supplements that have different needs, spending between customers varies greatly. For example, some customers who spend more than $1M annually are grouped with those spending less than $10K. The client also found that out of 7,000 current customers, 10% accounted for between 80% to 90% of revenue.
Although customer delight remains a core focus, the client was concerned that some customers were receiving disproportionate attention and effort compared to what an optimal model suggests based on their spending. Thus, the client desired:
Assess current-state go-to-market model customer needs and future state objectives
Identify the most prevalent ideal customer profiles (ICP)
Develop and clearly define reasonable and justifiable revenue segments (e.g., direct, indirect, digital or self-service)
Develop a methodology for determining which customers align to which ICP, and which ICPs align with each customer segment
Develop an executable roadmap of initiatives that bring the organization from its current state to target future state
Outline customer segment impact for support and resourcing models
After successfully engaging with Alexander Group on other projects, the client again turned to us for our extensive experience developing commercial go-to-market models, deep knowledge of the pharmaceutical industry, extensive familiarity with the client’s business and experience executing engagements that require input from global-dispersed stakeholders.
For healthcare companies looking to optimize their go-to-market strategies and segmentation, Alexander Group’s years of expertise and knowledgeable team effectively and efficiently guides organizations toward change. Contact us today to learn more about how we can help your organization.
Alexander Group understands your revenue growth challenges. Since 1985, we’ve served more than 3,000 companies across the globe. This experience gives us not only a highly sophisticated set of best practices to grow revenue—we also have a rich repository of unique industry data that informs all our recommendations. Aligning product, marketing, operations and finance efforts behind a successful sales organization takes insight and hard work. We help the world’s leading organizations build the right revenue vision, transform their organizations and deliver results.