Advanced Category Management Workshop Online

Attend the Advanced Category Management Workshop Online

The Advanced Category Management Workshop Online is a 12 Hour program.

We meet for 3 hours each day for 4 consecutive days.

 The sessions are LIVE and Interactive.

Slide deck and the Recording of the Sessions will be sent to All Registrants

 

 

Retail Merchandising

Results That Pay Off Instantly – Practical, Applicable, Actionable Insights & Techniques

September 17-18-19-20, 2024

11 AM – 2 PM EST (New York) (3 Hours Each Day)(12 Hours Total)

Live & Interactive

Slide deck and the Recording of the Sessions will be sent to All Registrants

 

Trusted by the smartest employees at these organizations (partial list) Down Arrow Green

Best Buy Logo Adidas Logo ABC Logo Bose Logo Aramark Logo Canadian Tire Logo Cole's Hardware Logo
CVS Logo Accenture Logo Deloitte Logo Dyson Logo Ferrari World Logo Gap Logo Harvey Nichols Logo
IBM Logo Kroger Logo Lego Logo Lululemon Logo Ritz Carlton Logo Stanford University Logo Starbucks Logo
Target Logo H&M Logo LVMH Logo Samsung Logo Ralph Lauren Logo Walmart Logo Whole Foods Logo

Here’s what Customers said about the Advanced Category Management Workshop Online:

“A Golden way to manage and improve my work as Category Specialist.”

“Very insightful with solid and workable ways to grow and improve your business.”

“Top notch, excellent material and information. Presentations and videos were excellent.”

The content of this interactive program is geared towards the study of ten Category Management Tools, each in great detail – Now with AI Integration.

The learning objective of the Advanced Category Management Workshop is for participants to advance from Execution Level Knowledge to Expert Level Knowledge of Category Management by expanding and elaborating on every aspect of the use of the ten important tools that were introduced to participants previously.

This learning objective is achieved through delivery of detail level, leading edge information supported by extensive examples and practice sessions as well as the use of mind maps, and specially designed subject specific working documents and checklists.

In addition, each section (tool) has content about integration of AI (Artificial Intelligence) for improved accuracy and better results. An example of this is shown with the Target Customer Definition Tool below:

Advanced Category Management Workshop Online: Tools Covered

Category Business Planning Tool1. Category Business Planning Tool – This tool provides the methodology to develop the marketing and execution plans for the category.

Planning a product category involves identifying the goals and objectives for the category, analyzing market trends and customer needs, and developing a strategy for introducing and promoting products within the category.

Some steps that are involved in planning a product category include:

  1. Define the goals and objectives: Determine what you want to achieve with your product category, such as increasing market share, generating revenue, or meeting customer needs.
  2. Conduct market research: Analyze market trends, customer needs, and competitors within the product category to understand the market landscape and identify opportunities.
  3. Develop a product strategy: Based on your market research, determine the target market for your products, the features and benefits they will offer, and the pricing strategy you will use.
  4. Create a product roadmap: Develop a timeline for introducing and launching products within the category, including any necessary research and development, production, and testing.
  5. Develop a marketing plan: Create a plan for promoting and selling products within the category, including channels such as advertising, social media, and in-store merchandising.
  6. Monitor and review progress: Continuously track and analyze the performance of your products within the category and make adjustments as needed to meet your goals and objectives.

By following these steps, you can create a comprehensive plan for introducing and managing a product category effectively.

Category Workload2. Category Workload – Using this tool, Directors of Category Management assign the categories between various Category Managers fairly.

Category workload is a term that refers to the amount of work that is required to complete a specific category of tasks or responsibilities.

In the context of a business or organization, category workload might refer to the total amount of work that is required to complete all the tasks within a particular department, team, or project.

Category workload can be measured in a variety of ways, such as by the number of tasks or the amount of time it takes to complete them.

It is important to consider category workload when planning and organizing work, as it can help ensure that tasks are distributed evenly and that team members are not overwhelmed with too much work.

There are a number of factors that can affect category workload, including the complexity and difficulty of the tasks, the availability of resources and support, and the skill level of the team members.

To manage category workload effectively, it may be necessary to adjust the distribution of tasks, allocate additional resources, or provide additional training or support as needed.

Category workload can be an important consideration in a variety of settings, including in businesses, government agencies, and other organizations.

By understanding and managing category workload effectively, it is possible to improve productivity, reduce stress and burnout, and increase overall efficiency and effectiveness.

Product Evaluation3. Product Evaluation Matrix – Utilizing this tool Category Managers determine the suitability of the product for certain categories and/or subcategories.

A product evaluation matrix is a tool used to compare and evaluate different products based on a set of predefined criteria.

It is often used in the process of selecting the best product for a particular purpose or need.

To create a product evaluation matrix, you first need to identify the criteria that you will use to evaluate the products.

These criteria should be relevant to the purpose of the product and the needs of the user. Some examples of criteria that might be included in a product evaluation matrix are:

  • Price
  • Quality
  • Features
  • Ease of use
  • Compatibility with other products
  • Customer support
  • Brand reputation
  • Sustainability

Once you have identified the criteria, you can create a table or spreadsheet with the products listed in one column and the criteria listed in the rows.

You can then assign a rating or score to each product based on how well it meets each criterion. This can be done through research, testing, or other methods.

Using a product evaluation matrix can help you make informed decisions about which products to purchase or recommend, as it allows you to objectively compare the relative strengths and weaknesses of different options.

It can also be a useful tool for identifying areas where a product might need improvement.

Target Customer Definition4. Target Customer Definition Tool – Discovering the demographics and the psychographics of target customers is vital in making sure that the category is successful.

A target customer definition tool is a tool that helps businesses identify and define their target customer or target market.

This is an important step in the process of marketing a product or service, as it allows businesses to focus their efforts on the specific group of people most likely to be interested in their offerings.

There are several different ways to define a target customer, but some common methods include:

  • Demographic characteristics: Age, gender, income level, education level, occupation, geographic location, etc.
  • Behavioral characteristics: Needs, preferences, habits, values, attitudes, etc.
  • Psychographic characteristics: Interests, hobbies, lifestyle, personality, etc.

To use a target customer definition tool, you will need to gather information about your potential customers and then use this information to create a detailed profile or persona of your ideal customer.

This profile should include as much detail as possible about your target customer, including their demographics, behaviors, and psychographics.

Once you have defined your target customer, you can use this information to tailor your marketing efforts to better reach and engage this group.

This can include creating targeted advertising campaigns, developing marketing materials that appeal to your target customer, and focusing your sales efforts on channels and platforms that are likely to be used by your target audience.

Category Performance Assessment5. Category Assessment Tool – Periodically, the performance of the category has to be assessed.

A category assessment tool is a tool used to evaluate and assess the performance or effectiveness of a particular category or group of items.

This might include evaluating the quality of products within a particular category, the efficiency of processes or systems within a particular department or team, or the effectiveness of a particular marketing campaign.

Category assessment tools can take many different forms, depending on the specific needs and goals of the assessment.

Some common types of category assessment tools include:

  • Surveys and questionnaires: These tools can be used to gather feedback and opinions from customers, employees, or other stakeholders about a particular category.
  • Analytical tools: These tools, such as spreadsheets or data visualization software, can be used to analyze data and trends related to a particular category.
  • Observation and evaluation: This can involve physically observing the performance or effectiveness of a particular category and providing feedback or making recommendations for improvement.

To use a category assessment tool, you will need to identify the specific category or group of items that you want to evaluate, and then select the appropriate tool or combination of tools to use.

You will then need to gather data or feedback using the chosen tool(s) and analyze the results to draw conclusions about the performance or effectiveness of the category.

Category assessment tools can be an important tool for businesses and organizations to ensure that they are meeting their goals and improving over time.

They can also be useful for identifying areas for improvement and making informed decisions about how to allocate resources and make changes.

Balanced Score Card6. Category Balanced Scorecard – All the important metrics and measures are included to develop the objectives and targets for the category.

A category balanced scorecard is a tool that helps businesses and organizations track and measure the performance of a particular category or group of items.

It is based on the balanced scorecard framework, which was developed in the 1990s as a way to evaluate an organization’s performance from multiple perspectives.

A category balanced scorecard typically includes four key perspectives: financial, customer, internal process, and learning and growth.

Each perspective is represented by a set of metrics or indicators that are used to measure the performance of the category.

For example, if the category being evaluated is a particular product line, the financial perspective might include metrics such as revenue and profit margin.

The customer perspective might include metrics such as customer satisfaction and loyalty.

The internal process perspective might include metrics such as efficiency and quality, and the learning and growth perspective might include metrics such as innovation and employee development.

To use a category balanced scorecard, you will need to identify the key perspectives and metrics that are most relevant to the category being evaluated.

You will then need to gather data on these metrics and track them over time to see how the category is performing.

This can help identify areas for improvement and guide decision-making related to the category.

Category balanced scorecards can be an effective tool for businesses and organizations to track and improve the performance of a particular category or group of items, such as a product line, a department, or a project.

They can also be useful for benchmarking performance against industry standards or internal goals.

Supplier Balanced Score Card7. Supplier Balanced Scorecard – Same considerations, this time for the performance of the vendors/suppliers.

A supplier balanced scorecard is a tool that helps businesses and organizations evaluate the performance of their suppliers.

It is based on the balanced scorecard framework, which was developed in the 1990s as a way to evaluate an organization’s performance from multiple perspectives.

A supplier balanced scorecard typically includes four key perspectives: financial, customer, internal process, and learning and growth.

Each perspective is represented by a set of metrics or indicators that are used to measure the performance of the supplier.

For example, the financial perspective might include metrics such as the supplier’s pricing and payment terms.

The customer perspective might include metrics such as the supplier’s delivery reliability and customer service.

The internal process perspective might include metrics such as the supplier’s efficiency and quality, and the learning and growth perspective might include metrics such as the supplier’s innovation and sustainability efforts.

To use a supplier balanced scorecard, you will need to identify the key perspectives and metrics that are most relevant to your business and your relationship with the supplier.

You will then need to gather data on these metrics and track them over time to see how the supplier is performing.

This can help you make informed decisions about whether to continue working with the supplier and identify areas for improvement in the supplier relationship.

Supplier balanced scorecards can be an effective tool for businesses and organizations to evaluate and manage their relationships with suppliers.

They can help ensure that suppliers are meeting the needs and expectations of the business and help identify opportunities for improvement in the supplier relationship.

Premium Brand Strategy8. Premium Brand Strategy – This is a market evaluation tool to make sure certain categories are positioned properly as far as pricing is concerned.

A premium brand strategy is a marketing strategy that focuses on positioning a brand as high-quality, exclusive, and luxury.

This strategy is often used by companies that sell high-end or luxury products or services, and the goal is to create a strong brand identity that is perceived as being worth the higher price point.

There are a number of tactics that companies can use to implement a premium brand strategy, including:

  1. Offering high-quality products or services: Premium brands are often associated with quality, so it is important to ensure that the products or services being offered are of the highest possible quality.
  2. Creating an exclusive image: Premium brands often seek to create an image of exclusivity, which can be achieved through careful branding and marketing efforts. This might include using luxury materials and packaging, limiting the distribution of products, or creating a sense of scarcity.
  3. Leveraging the brand’s history and heritage: A brand’s history and heritage can be an important part of its identity and can help to differentiate it from competitors. Highlighting the brand’s history and heritage can be a powerful way to create a premium image.
  4. Focusing on customer experience: Providing a high-quality customer experience can be an important part of a premium brand strategy. This might include offering personalized service, providing exceptional support, and creating an overall sense of luxury for customers.

A successful premium brand strategy requires a strong focus on quality and attention to detail, as well as a clear understanding of the target market and what they value.

By implementing a premium brand strategy, businesses can position themselves as leaders in their industry and create a strong and loyal customer base.

Category Workload9. Category Tactogram – Action plans and tactics that will be used to ensure the success of the category is enabled through the use of this tool.

A category tactogram is a visual representation of the tactics or actions that a business or organization plans to take in order to achieve a specific goal or objective within a particular category or group of items.

It is similar to a mind map or flow chart, in that it helps to organize and visualize the steps that need to be taken in order to reach a desired outcome.

To create a category tactogram, you will need to start by identifying the goal or objective that you want to achieve within the category.

You can then brainstorm the different tactics or actions that you will need to take in order to reach this goal.

These tactics might include things like marketing campaigns, product development, process improvements, or other activities.

Once you have identified the tactics that you will need to take, you can organize them into a visual representation, such as a mind map or flow chart.

This can help you see the overall strategy and identify any potential gaps or challenges that you might need to address.

Category tactograms can be an effective tool for businesses and organizations to plan and execute strategies within a particular category or group of items.

They can help to clarify goals and objectives, identify the steps that need to be taken to achieve them, and provide a visual representation of the overall strategy.

Category Business Planning Tool10. Implementation Scheduling Tool – Accurate Store level implementation is critical for the success of the category. Necessary support is supplied through this tool.

A category plan implementation scheduling tool is a tool that helps businesses and organizations plan and schedule the implementation of a particular category plan.

A category plan is a detailed document that outlines the actions and strategies that a business or organization will take in order to achieve specific goals or objectives within a particular category or group of items.

A category plan implementation scheduling tool can take many different forms, depending on the specific needs and goals of the plan.

Some common types of scheduling tools include:

  • Gantt charts: These are visual representations of a project schedule that show the tasks that need to be completed, the dependencies between tasks, and the timeline for completing them.
  • Calendars: These can be used to schedule specific tasks or activities at specific times and dates.
  • Project management software: There are many different project management tools available that can be used to create and manage project schedules, including Asana, Trello, and Basecamp.

To use a category plan implementation scheduling tool, you will need to identify the specific tasks and activities that need to be completed in order to implement the category plan, and then use the chosen tool to create a schedule for completing these tasks.

This can help ensure that the plan is implemented effectively and efficiently, and that all necessary tasks are completed on time.

Category plan implementation scheduling tools can be an important tool for businesses and organizations to ensure that they are able to execute their plans effectively and achieve their goals within a particular category or group of items.

They can help to reduce the risk of delays or missed deadlines and improve overall efficiency and productivity.

Duration: 12 Hours (4 days x 3 hours)

Methods: Online Presentations and Delivery of Advanced Information supported by Extensive Examples, Do-it-Yourself Practice Sessions with Instructor Follow-up and Homework Assignments.

Who Should Attend: This workshop is suited to Directors of Category Management and Category Managers, Buyers, Brand Managers, Marketing Managers, Product Managers, Product Development Managers, Marketing Research Managers. Entire marketing and product team participation is encouraged.

Why You Should Attend the Advanced Category Management Workshop Online:

Practical, applicable and actionable content delivered by top experts to drive your sales, productivity and profitability. Proven to increase those metrics by double digits. Check out the testimonials.

Value: Apart from acquiring complete understanding, participants will enjoy a 30-Day unlimited Q&A through email after the workshop (A $1,000 value by itself)

ROI: Return on investment can be as high as 100 times the registration fee based on your company revenues and how many techniques, ideas and methods from the workshop you implemented.

Positions you as an expert .

Creates a “larger picture” mentality.

Improves your standing as a Retail Management Leader

Six hours that will produce a lifetime of results.

Workshop Fee: $895 per person; Group rates are available.

Contact: For further information and/or to register for this program, please contact Josephine Hill, Events & Client Service Manager at johill @ dmsretail.com

Advanced Category Management Workshop Online

September 17-18-19-20, 2024

11 AM – 2 PM EST (New York) (3 Hours Each Day)(12 Hours Total)

LIVE & INTERACTIVE

Slide deck and the Recording of the Sessions will be sent to All Registrants

Register Now!

Only $895/person

 

 

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Contact: Josephine Hill
email: Johill @ dmsretail.com
Phone: +1 (813) 556-6437 or +1 (800) 953-4501

 

Trusted by the smartest employees at these organizations (partial list) Down Arrow Green

Best Buy Logo Adidas Logo ABC Logo Bose Logo Aramark Logo Canadian Tire Logo Cole's Hardware Logo
CVS Logo Accenture Logo Deloitte Logo Dyson Logo Ferrari World Logo Gap Logo Harvey Nichols Logo
IBM Logo Kroger Logo Lego Logo Lululemon Logo Ritz Carlton Logo Stanford University Logo Starbucks Logo
Target Logo H&M Logo LVMH Logo Samsung Logo Ralph Lauren Logo Walmart Logo Whole Foods Logo