Category Management

Category management (CM) is a strategic approach that manages cooperation between industry and retail on the basis of product groups as strategic business units. Products are not considered in isolation, but as part of a comprehensive product group in order to develop and implement an effective marketing strategy.

  1. Objectives of category management: The main objective of category management is to increase profitability and competitiveness by adapting product offerings to consumer needs. By segmenting the market and analyzing product groups in detail, companies can develop more targeted marketing and sales strategies.
  2. Implementing category management: Implementing category management involves a series of steps, including identifying and analyzing product groups, setting goals and strategies for each product group, developing marketing and sales plans, and continuously monitoring and adjusting strategies based on market and customer feedback.
  3. Tools and methods: Category management makes use of various tools and methods, including market analysis, consumer research, inventory management, pricing and promotion. By using these tools, companies can better understand consumer buying behavior and make more targeted marketing decisions.

Overall, category management is an important part of a company’s strategic marketing and sales strategy. By focusing on product groups and cooperation between industry and retail, companies can strengthen their competitive position and achieve long-term success in the market.