Describe the eight step process in category management.
Category management is a strategic approach to retail operations and store management that focuses on optimizing the performance of product categories to meet customer needs and achieve business objectives. The eight-step process in category management involves a systematic and data-driven approach to decision-making. Here's a detailed overview of each step:
1. Define the Scope and Objectives:
- Begin by clearly defining the scope of the category. Identify the products that fall within the category and establish specific objectives for the category's performance. This step involves understanding customer needs, market trends, and ______ ________ __________ ________ _______ ________ ______ _________.
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