Question

Discussion: How does Catagory Management fit into Marketing and why is it important?

Discussion: How does Catagory Management fit into Marketing and why is it important?
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Category Management

This is the process of creating and managing the categories in the organization in order to increase customer satisfaction in which product and services are categorized in different categories according to the customer needs and requirements. The main reason that category management fit into marketing is that the marketing team take deep information about the customer requirements and then estimate the customers they need to target and how they can attract them to increase the sales and profit as planned.

Now let us discuss the importance of using Category Management.

  • It creates an organized manner of keeping and using the product and services for the customers to eventually increase customer satisfaction.
  • It helps in increasing the long term sales of the organization and increase the profit level for the organization.
  • It helps the organization to understand the creating a proper balance between the product and services according to their demand which helps in eliminating the wastage of resources in making a product which is not in demand.
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