ipsos' light forecast: a custom forecast for your innovation that represents your future sales...
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To help you measure the potential of a new product at any stage in the innovation process, Ipsos is introducing Light Forecast, a custom forecast for your innovation that represents your sales volume the first year after launch. Light Forecast is a customizable forecasting tool that can be used at any point in the innovation process; starting from ideas screening (InnoQuest*Ideas), concept testing (InnoQuest*Concepts), and concept product testing (InnoQuest*CPT). Light Forecast offers you the following benefits:
Light Forecast is rooted in Ipsos’ deep forecasting experiences. Ipsos has more than 40 years of experiences with forecasting innovations, with 250+ categories – 10,000+ new products tested & optimized in 55+ countries, and 600+ validations.
• Incorporates: Your actual marketing plan, range width, pack size & relative price, and respondents’ survey data• Provides 2 free simulations to help you understand how to improve sales further• Has an estimated error range of +/- 20% for InnoQuest*CPT, +/- 30% for InnoQuest*Concepts, +/- 50% for InnoQuest*Ideas• Can be validated after launch
LIGHT FORECASTA Custom Forecast for Your Innovationthat Represents Your Future Sales Volume
“How can I assess the market opportunity of an innovation early in the process? How can I have the innovation sales forecast prior to launch? Where can I find a forecasting approach that fits my innovation process? How can I better utilize my innovation research to estimate sales forecasts as early as possible?”
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Marketing Force Media (000)
Distribution
Promotion (000)
65% end of Year 1
Rp 25,000,000
Rp 5,000,000 (Consumer)Rp 7,000,000 (Trade)
Market & ExecutionMarket Structure
Comparability ofSize and Range
Shelf Visibility &Adv. Brand Recall Avarage
Price Rp 24,500Pack Size 250gLine / Range 3 Varieties
!"#$%&'(((((((()*"+,$'(Consumer Demand
Relevance
Differentiation
Expensiveness
Concept Product
H
L
M
M
MH
L
10
000 tons
20
30
40
50
Year 1
Year 1 Forecast25,000 tons
Free Simulation #1:Assume Pack = MH
Free Simulation #2: Assume Pack = MH, Assume Comm = H
Cost excludes:• Cost for each innovation process (ideas screening, concept testing, concept product testing)• Product purchase• 10% VAT
Innovation Process Cost per Forecast
InnoQuest*Ideas IDR 20 million for 1 Idea
InnoQuest*Concepts IDR 30 million for 1 Concept
InnoQuest*CPT IDR 45 million for 1 Mix
For more information, please contact: [email protected]
What You Get: Light ForecastStandard Powerful Deliverable