What is ECR category management?
ECR (Efficient Consumer Response) is a combination of co-ordinated logistics, electronic databases and systems, and marketing decisions, all based on the supply chain management. The definition of category management states that retailers and suppliers work together for mutual benefit.
What is a category management system?
Category Management is a strategic approach to procurement where businesses segment their spend into areas that contain similar or related products enabling focus opportunities for consolidation and efficiency.
What is category management in retail?
“Category Management” is the process of pooling similar products into a singular category and then addressing all business initiatives for that category as a whole. These initiatives can include the procurement process, merchandising, sales and other retail efforts.
Which of the following best describes the original ECR definition of category management?
Which of the following best describes the original ECR definition of Category Management? A collaborative process designed to better manage categories as strategic business units and provide enhanced business results focusing on delivering shopper and consumer value.
How do I start a category manager?
Category Management Process: The Key Steps
- Step One: Define the Category.
- Step Two: Assess the Category’s Role.
- Step Three: Assess Performance.
- Step Four: Set Objectives and Targets.
- Step Five: Develop Strategies.
- Step Six: Category Tactics.
- Step Seven: Implementation.
- Step Eight: Review.
What does a category manager do?
Category managers are integral to the development and success of a product or service. It is their job to manage the product category or range and be responsible for the pricing and overall promotion of that product or service.