All businesses want to improve their fill rates and maximize their profits at the same time. Very often, we find that decisions are taken by intuition or by vague experience. However yield management methods have proven their effectiveness in various industries: leisure, transports (airline, seafaring, rail and road), media (outdoor advertising, TV, radio, web, etc.) and many others.
Based on a precise analysis of the figures, coupled with a solid knowledge of the market and an irreproachable organisation, the implementation of a revenue management strategy should be part of the vision of all companies.
Want to see how difficult it is for a revenue manager to make the right decisions without a solid yield management system? Have fun with our yielder game!
The Yielder Game
In practice, a media owner faces several challenges:
- A large inventory to sell, each asset perishable as it has to be sold before its broadcasting date.
- Prices that can change daily due to multiple factors.
- Many decisions to take every day, with the need to react fast.
Do you think you have what it takes? Our yielder game lets you step into the shoes of a revenue manager for a few minutes.
You manage the planning of a small OOH media owner. Your inventory consists of four interchangeable products, sold on a weekly basis.
Client proposals arrive one after another. Each proposal consists of an overall price for a given set of weeks (e.g. €1,500 for weeks 1, 2 and 3). If an advertiser asks for several weeks, you have to serve them the same product over the requested period.
For each deal, you have a few seconds to decide whether you accept or decline the offer.
- If you accept the offer, the product is booked for the requested week(s) and there is no turning back.
- If you decline it or if time runs out, you lose the deal.
Your job is to generate as much revenue as possible. Good luck!
So, how do you feel?
- Stressed out by the countdown?
- Frustrated by the absence of information on the context (usual prices and sales history, attractiveness of each week, global strategy)?
- Disappointed by your lack of foresight about upcoming deals?
Mereo’s IT solutions use all available data to predict future demand and provide price recommendations to help you make the right decision every time.
To improve your score, you need an insight on incoming offers.
Would you like to try again knowing the simple KPIs below?
Most requested weeks
Setting up a robust yield management system will save your teams a lot of trouble and time loss. Mereo is ready to help you face that challenge! Discover our Revenue Management solutions.