Building a New Product Category - From Market Opportunity to Profitable Business
- Starting Point
- New product categories can create significant growth opportunities, but they need to be built on a commercially viable foundation from the start. Market and trend analysis, supplier structures, assortment, forecasting, procurement, pricing and sales all need to work together.
- My Contribution
- Building and developing a new product category with an eight-figure annual procurement volume. The focus included identifying relevant market trends and products, developing strategic supplier relationships, procurement and inventory planning, forecasting, and continuous portfolio steering and optimization. Market potential, procurement, assortment and sales requirements were managed as one connected commercial system, enabling the category to develop step by step into a strategically relevant and profitable business segment.
- Business Value
- Creation of a new and sustainable business area with clear commercial structures. Improved procurement and inventory decisions, combined with market-driven portfolio management, established a strong foundation for further growth and scaling.