8 Category Review Analysis & Planning Steps
- 1. Define the Win/Win Business Opportunity - SWOT & Critical assessment of any contingencies,
Consider Macro/micro issues, PESTLE, Industry, Competitive and market forces.
- 2. Develop the Plan - Minimize assumptions validate data identify sensitivities
- 3. Assemble organise and collate and evaluate data
- 4. Analyse & interpret data
- 5. Identify & Summarize key findings & Issues
- 6. Develop treatment, implementation and action program
- 7. Review the Analysis & Action Steps with the Decision Maker Review purpose, approach, conclusions & tactics for implementation
- 8. Refine and distribute action program with monitoring feedback & control mechanisms and checklist.
Common Category Management Category Review Mistakes
- Believing your buyer knows less than you do
- Trying to push buyers into buying stock that will not turn over fast enough
- Presenting without sophisticated market research and information analysis
- A shoe-string budget
- Not understanding the purpose of a Category Management Category Review
Don't risk expensive mistakes...
Category Review and Management
Optimise Your Category Management Opportunity
FMCG Management |
Market Segmentation |
Marketing Planning |
Marketing
Retail Marketing no longer tolerates weak marketing. Category Management is a science and those without
the scientific knowledge of Category Management are quickly exposed when Category Reviews are presented.
A Category Review is an opportunity to star, or to strike out, but the
rewards are plentiful for those that undertake diligent analysis in their
Category.
What is Category Management?
Evolving out of grocery retailing, Category Management is a retail management approach of dividing
a business into distinct groups by product categories and managing the retail
dynamics productively to optimise retail efficiency and maximise customer
satisfaction .
What is a Category Review?
The process a Category Manager uses to objectively assess each participant in
his/her category to determine the validity of the win/win relationship shared
between trade partners.
The future of brands can be decided in the period of a week or less, so it is
crucial to employ every piece of knowledge you have from the market research and analysis, to present the perfect
permutation of products for the Category.
Using knowledge you have gained from market research, performance analysis,
customer experience feedback, and trade partner intelligence, it is up to the Key Account Manager, Marketing Consultant or Food Broker to construct a Category Review
Assessment that assist the Category Manager to draw up the best possible Category Plan.
The Category Review Presentation
A formal Category Review Presentation should include salient market research, analysis, range
review and business development plan. It is vital to remember that retailers do
"not have rubber walls" and the limitations on their space is exceed by the
demands of aspiring marketers to win shelf presence. You must demonstrate hat
the Category Manager is best serving their existing customers and potential new
customers with the retail offer you are proposing.
Common Category Management Infrastructure
Shelf Allocation is based on potential category sales, profit, product size, product range and
marketing aims of a Category Marketer who works on the analysis,
development plan and defines the range, a Category Buyer who sources the range
and a Category Planogram department who organises and communicates the range to the
store. All these need to report to a Category Manager.
Category Management Scheduling
Retailers like Coles and Woolies review most categories twice a year and
publish a timetable on their websites. Ask your target account to furnish you
with their category review timetable... and work towards the dates laid our
within.
Call 02 9904 5355 NOW.