pharmaceutical sales kpis
DESCRIPTION
Complete list of pre-post LAUNCH KPIs for pharmaceutical salesTRANSCRIPT
Prepared by
Tawfik Eweda
Pharmaceutical Marketing Coach
SFE specialist
What do you want from your sales force ?
What is KPIs? Why ?
Types of KPIs Reports .
•It gives you a comprehensive and bigger picture
how to track sales performance
•Also it provides a tracking drivers for other
supporting departments
•Very useful in pre launch cross functional teams
•It helps you to turn your launch into management
by objectives process
Sales force productivity can be tracked as
follow :
1. Sales /rep
2. Sales growth /rep
3. Units sales/call
4. Market share
5. Field force cost
‘’It is a standardized unbiased performance
tracking tool formulated through IT
Dashboard that gives ‘’where the company
has been ?’’ where it is going ?
Also it brings together Sales Force and other
affiliated activities, and Brands Metrics’’
To increase Brand performance
understanding the key business drivers
Also it gives a consistent & timely tracking of
brand success to make the difference
Pre-launch KPIs
1. Physician behavior KPIs
2. Market Activity based KPIs
3. Market access KPIs
4. Scientific medical liaison
KPIs
Post-launch KPIs
1. Message input
2. QTQ
3. Message effectiveness
4. Customer perception
5. Product range KPIs
6. Rx sales and share
Incentives KPIs
Pre-Launch KPI Reports are issued quarterly.
Post-Launch KPI Reports are produced on a
monthly bases.
Both reports are issued on 24th of the month.
Activity KPIs are updated quarterly with the
available data.
Most of the Brand KPIs are updated with each
wave of an physician behaviour study using
AIDA Model (Awareness , interest , desire
,trial , usage )
% of Drs who are totally aware of the brand
% of DRs who are willing to prescribe brand
Pre-launch KPIs
Full market analysis
Formulating brand strategy
Company action plan
Pre-launch KPIs
These KPIs can be measured by both techniques :
Qualitatively : on progress against time
Qualitatively : against company standard
Clinical & technical files conformity
(WHO,FDA,EMEA guidelines and country of
reference )
Planned vs. actual date of approval
Planned vs. actual date of approval of price
Target price vs. actual price (% of deviation)
Planned vs. actual date of reimbursement
Reimbursement restrictions
Pre-launch KPIs
Number of KOLs developed by SC.OP
% of KOLs under development
the following terminology is used throughout to identify the type of “Opinion Leader” that is being referenced
Key Opinion Leader (KOL): An academic expert in a disease area recognized as such by his peers, at Global and National level.
Key Influential Physicians (KIP): Generally a physician with a high volume of patients recognized and trusted by his peers within a region as the expert in treating certain types of pathologies (KIP’s are also often referred to as “Local” or “Regional” Opinion Leaders)
Key Advocacy Influencer (KAI): Refers to those individuals considered influential in the Regulatory, Pricing and Reimbursement processes. (KAI’s are sometimes referred to as “Advocates”)
Pre-launch KPIs
Number of DRs who acquired clear ,right and
simple competitive message
Number of DRs who retained the message
after 3 months of launch
Post-launch KPIs
Quantitative KPIs •Budget
•Market share
•Turnover
•ROI
•Number of calls/rep/day
•% of coverage
•Usage rate of central event
•Number of field days/rep
•Number of group meeting/month
•SOV(Share of voice)
•Number of manager coaching days
Targeting KPIs •Coverage rate
•Call allocation rate
•Targeting
effectiveness ratio
•Number of Rxs/target
physician
•Number of Target Drs
Rxing the brand
Qualitative KPIs •Results orientation
•Customer orientation
•Expertise
•Self-assurance
•Self-initiation
•Teaming
•Communication
•Customer satisfaction
index
•Call quality index
•FF Satisfaction index
•Retention of top
performers
•Turnover of low
performers
Post-launch KPIs
Promotional expenditure vs. competition
Brand SOV /product mix or portfolio
% of unaided brand awareness
% of unaided recall of the message
Number of Drs who see message is relevant
Number of Drs who see message is believable
Number of Drs who see message is driving
them to Rx
Post-launch KPIs
Customer perception of brand attributes vs.
competition
Customer perception about brand safety
Customer perception about brand
(value added vs. cost leader ship)
Customer perception about brand efficacy
Customer perception about brand cost
effectiveness
Post-launch KPIs
These drivers can be aided by the development of perceptual
map
Share of brand /specialty
Share of brand /indication
Post-launch KPIs
•Useful for antibiotics in different indications that requires
detailing in different segments .
•Can be measured on each segments according to brand
positioning and company brand strategy
TRx vs. Budget
TRx vs. competition
TRx share vs. competition
Sales vs. Target
Market Share vs. Target
Market Share vs. Competition
Market share vs. same period PY
% Brand share of market in class A Drs
Post-launch KPIs
% of sales force eligible for incentive pay.
% of discrepancy in merit increase between
top performers and underperformers .
% of top performers receiving top pay .
% of special incentive scheme during launch.
•These KPIs should be aligned with launch objectives
and should be motivating and challenging !!
For feed back, further information
Please contact me
Tawfik Eweda , Cairo. Egypt
01222305418
Sales force effectiveness
Sales & marketing management
Sales and marketing training