登录查看更多内容

How can you stay current with yield management trends and technologies?

由人工智能和领英社区提供技术支持

Yield management is the practice of optimizing the revenue and profitability of a business by adjusting the prices and availability of its products or services based on the demand and supply fluctuations. It is widely used in industries such as hospitality, travel, entertainment, and e-commerce, where the inventory is perishable and the demand is dynamic. However, yield management is not a static or one-size-fits-all strategy. It requires constant monitoring, analysis, and adaptation to the changing market conditions and customer preferences. Therefore, it is crucial for sales professionals to stay current with the latest trends and technologies in yield management, as they can help them gain a competitive edge, improve customer satisfaction, and increase sales performance. In this article, we will discuss some of the ways you can keep up with the yield management best practices and innovations.

此文章中的业界达人

由社区从 4 条内容中精选。了解更多

Abdelrahman M. Noaaman

#Recruitment #BPO #ITO #CC_Campaigns #Data_Vendor #Skip_Tracing #Lead_Generation #Sales_Strategy #AI_Botsdev
Surekha Dhavale

1 Read industry publications

One of the easiest and most effective ways to stay current with yield management trends and technologies is to read industry publications regularly. These can include blogs, newsletters, podcasts, webinars, magazines, reports, and books that cover the topics of yield management, revenue management, pricing, and data analytics. By reading industry publications, you can learn from the experts, get insights into the latest research and case studies, discover new tools and techniques, and stay updated on the emerging opportunities and challenges in your industry. You can also subscribe to relevant newsletters or podcasts, or join online communities or forums where you can interact with other professionals and exchange ideas and feedback.

添加您的观点

Abdelrahman M. Noaaman

#Recruitment #BPO #ITO #CC_Campaigns #Data_Vendor #Skip_Tracing #Lead_Generation #Sales_Strategy #AI_Botsdev
举报内容
To stay updated with yield management trends and technologies: Learn Continuously: Join online courses, webinars, and workshops on yield management. Network: Attend industry conferences and events to meet experts and professionals. Read: Regularly go through industry-specific publications and reports. Follow Leaders: Track thought leaders in yield management on LinkedIn. Use Technology: Utilize advanced analytical tools and software for better yield management. Remember, being proactive and continuously seeking learning opportunities is key. ??

已翻译

赞

2 Attend events and workshops

Another way to stay current with yield management trends and technologies is to attend events and workshops that are related to your industry or niche. These can include conferences, seminars, webinars, trade shows, exhibitions, or training sessions that offer valuable information, education, and networking opportunities. By attending events and workshops, you can hear from the industry leaders, experts, and influencers, learn about the best practices and innovations, see live demonstrations of the latest tools and solutions, and connect with potential partners, customers, or mentors. You can also participate in discussions, ask questions, and share your experiences and opinions with other attendees.

添加您的观点

Abdelrahman M. Noaaman

#Recruitment #BPO #ITO #CC_Campaigns #Data_Vendor #Skip_Tracing #Lead_Generation #Sales_Strategy #AI_Botsdev
举报内容
Based on my work experience, here’s how I stay current with yield management trends and technologies: Hands-On Experience: I apply new strategies in real-time scenarios, which helps me understand their practical implications. Team Discussions: Regular brainstorming sessions with my team provide diverse perspectives on yield management. Feedback Loop: I analyze the outcomes of implemented strategies, learn from successes and failures, and make necessary adjustments. Mentor Guidance: My mentors’ insights and experiences are invaluable. They guide me through the latest trends. Tech Tools: I use advanced analytical tools that provide real-time data, aiding in effective decision-making. Remember, experience is the best teacher.

已翻译

赞

3 Use yield management software

A third way to stay current with yield management trends and technologies is to use yield management software that can help you automate, optimize, and streamline your yield management processes. Yield management software is a type of software that uses data analysis, artificial intelligence, machine learning, and other advanced features to help you forecast demand, set prices, manage inventory, monitor performance, and generate reports. By using yield management software , you can save time and resources, reduce human errors, increase accuracy and efficiency, and enhance your decision-making. You can also benefit from the software's updates, upgrades, and support, which can keep you informed and prepared for the changing market conditions and customer expectations.

添加您的观点

Surekha Dhavale
举报内容
Agree with this, yield management software gives you analysis of trends based on past history of internal database sources. Besides there are magazines which are published with consumption analysis trends industry wise, products wise, and many other categories wise, includes industry experts interviews on recent trends globally, which keeps you updated. Inputs from sales team based on feedback from partners and direct customers can also be analyzed. Market research websites also gives you analysis of market trends but there are some loopholes you may find because source of researched not disclosed.

已翻译

赞

4 Experiment and test

A fourth way to stay current with yield management trends and technologies is to experiment and test different yield management strategies and tactics on your own. Experimenting and testing can help you learn by doing, find out what works and what doesn't, and improve your skills and knowledge. You can experiment and test different aspects of your yield management, such as pricing, segmentation, distribution, promotion, or bundling, and measure the results and impact on your revenue and profitability. You can also use tools such as A/B testing, multivariate testing, or split testing to compare and contrast different options and scenarios, and identify the best ones for your business.

添加您的观点

Casey Watkins, CPCU

Commercial Underwriter
举报内容
Sales is a constantly evolving and cyclical even, being agile and allowing your strategy to change based on market activity and competitor response. Being able to test out new approaches and understand the challenges associated with yield will pay dividends when that experience can be applied in the future.

已翻译

赞

5 Seek feedback and advice

A fifth way to stay current with yield management trends and technologies is to seek feedback and advice from your customers, colleagues, managers, or mentors. Feedback and advice can help you gain different perspectives, insights, and suggestions, and improve your yield management performance and outcomes. You can seek feedback and advice from your customers by conducting surveys, interviews, reviews, or focus groups, and asking them about their preferences, expectations, satisfaction, and loyalty. You can seek feedback and advice from your colleagues, managers, or mentors by asking them for their opinions, experiences, recommendations, or guidance, and learning from their successes and failures.

添加您的观点

6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

添加您的观点

Sales

+ 关注

给文章评分

我们借助人工智能创建了此文章。您认为这篇文章怎么样？

很棒不太好

举报此文章

查看全部

How can you stay current with yield management trends and technologies?

1

2

3

4

5

6

1 Read industry publications

2 Attend events and workshops

3 Use yield management software

4 Experiment and test

5 Seek feedback and advice

6 Here’s what else to consider

Sales

给文章评分

感谢您的反馈

更多Sales相关文章

更多相关阅读内容

How can you stay current with yield management trends and technologies?

1

2

3

4

5

6

1 Read industry publications

2 Attend events and workshops

3 Use yield management software

4 Experiment and test

5 Seek feedback and advice

6 Here’s what else to consider

Sales

给文章评分

感谢您的反馈

查看其他技能