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Before comparing the 3 data-sources for managing brand health, we first introduce Foresight Household Panel
Basic ingredients
We have recruited a representative sample of homes from the population of households in the country We visit these panellists monthly to record their monthly purchases in the selected categories. We record all details: brand, size, variant/flavour, pack type, price, quantity purchased, place of purchase, frequency of purchase, etc. We also record loose/ unbranded products Our data collection method is bin plus an exit interview Finally, data from all panel households is statistically projected to estimate the overall markets for the brands/ categories
Our Panellists demographically represent population of Pakistan. So the way they behave reflects the way nation is behaving
Foresight Household Panel is the only data source in Pakistan which is 100% verified
Interviews are now conducted on mobile phones (android application); GPS location of the panellist is recorded while interview is being conducted. This eliminates any doubt of interview being conducted at other place than the panellist home
Similarly, the device automatically records start time & end time of each interview
It seems each tool offers every thing, what tool is best designed to deliver what KPI?
Volume/ Value market, shares Distribution, OOS SISH, stock cover days Price point, & RPI analysis Ever Use, current use, exclusive/ conjunction use New, Retained & Lapse user analysis Brand switching analysis (G&L analysis) Loyalty analysis & matrix Pareto analysis (light/ medium/ heavy user analysis) Frequency & place of purchase Trip size Average household spend/ consumption index Consumer DNA HH info, Media habits, grocery habits Brand Awareness & disposition Brand Image Analysis Perception Maps Brand Equity
No
No No No No No
Yes
Yes, Much Stronger No No No No
No
Yes Yes Yes Yes Yes
M1
M2
M3 Case 3
M4
M5
M1
M2
M3 Case 4
M4
M5
M1
M2
M3
M4
M5
M1
M2
M3
M4
M5
Distribution
Penetration
M1
M2
M3
M4
M5
Distribution
Penetration
Loyalty
Volume
Both distribution & penetration are increasing, though loyalty among brand-users is on the decline, resulting in no growth for the brand despite more number of buyers.
Likelihood to purchase
Actual Purchase New, retained & lapse user analysis Sources of gain & loss FOP, POP, trip size Loyalty
Lets understand why HHP is recommended tool for certain brand health KPIs
Even the extent of pantry checking in HHP is more comprehensive than any other research tool can achieve. The fact that we visit these panellists every month, gives us access to their kitchen, fridge, store & even bath-rooms hence we are able to record things with greater accuracy Ability to report to the brand by size, variant, packaging & price point
Cross category usership analysis are also possible. These becomes very handy when planning for cross category promotions:
To generate trial among non-users, it is recommended to go with brand with least conjunction usage. Reverse is true when want to increase the loyalty of existing users
At times we like to see how many of brand-users have used the brand at least x months during the last 1 year only HHP provides this information Globally in the presence of both HHP & BHT, always HHP data is used for usership
So, actually households can be tagged as new-users, lapsers & retain-users. Once users are tagged as NRL users of the brand, all kind of analysis, such as, but not limited to:
% new, retained & lapse users Their volume/value contribution to the brand Average spend on the brand & on other brands by these user groups Loyalty among NRL users, etc.
Above can be done at brand level & for any size, pack of the brand On the contrary in BHT, not only this is based on claimed purchases but also for identification of new, lapse & retain users this is based on consumers responding for the period of 1 year, last 6 months, last 3 months which compromises the data quality Globally in the presence of both HHP & BHT, always HHP data is used for NRL analysis
Globally only HHP data is used for brand switching (G&L) analysis
Once users are tagged LMH users of the brand, all kind of analysis, such as, but not limited to:
% light, medium & heavy users Their volume/value contribution to the brand Average spend on the brand & on other brands by these user groups Loyalty among LMH users, etc.