Six Questions for Success at Your Next Buyer Meeting
Suppliers only get one chance to make a great first impression during a buyer meeting, so preparation is key to ensuring that the meeting is a success. To help suppliers prep, I’ve assembled a list of six key questions which every supplier should be prepared to answer when meeting with buyers.
These six questions were originally identified in CatMan 2.0, a 330-page document that I co-wrote a few years ago. CatMan 2.0 was created by a blue-ribbon consortium of companies and solution providers. It was a comprehensive update of the original category management industry approach that I co-developed in the early 1990’s.
In the CatMan 2.0 chapter on space and assortment, the consortium identified the six questions retailers are likely to expect a manufacturer to answer when a brand introduces a new item and asks for shelf space. Following are are the six questions, which I’ll expand on in detail below:
Where does the new item fit in the Category Decision Tree (CDT)? How is the new item different from the competition? To which target shopper does the new item appeal? How much incremental volume will your item generate? What’s the effect of your item on category profit? What’s your…