Customer Quote by Greg Thain
““manufacturers do play a role in category planning because they can synthesise their experiences across the different chains they serve, both nationally and internationally. They have the critical mass to make it worthwhile to conduct research on different segments and in-store buying behaviour. In particular, it is worthwhile for a manufacturer to analyse the retailer’s scanner data for the category, even when it is not economic for the retailer to do so for each of its many categories.””
About This Quote
Source Conference paper: Retail analytics symposium, 2018
Manufacturers should leverage their broad data to inform category planning and support retailers, even when retailers lack resources.
In simple terms: Use manufacturer data to help retailers understand categories.
Share insights for mutual benefit.
Themes
Mood
Type
When to use this quote
- product development
- category planning
- retail strategy
- marketing analytics
Key Concepts
Questions to Reflect On
- What data can manufacturers share that retailers cannot collect?
- How to ensure data privacy while sharing insights?
Manufacturers may lack deep local market nuance despite broad data.