"How can money be the root of all evil, when shopping is the cure for all sadness..." Elizabeth Taylor
I was very much reminded of this recently when I saw a couple of relatively 'new' retailers succumbing to the demands of suppliers rather than their customers.
Buyers must be buying agents for their customers rather than selling agents for their suppliers.
Every buying decision should start with the customer in mind, and buyers must strive to understand the needs and expectations of those customers so that they may be translated into a sellable and profitable product range....
A Family Tree is a useful system used to capture important information for your business.
A Family Tree is a more detailed extension of the product classifications used in the range assortment plan.
The most useful aspect of this facility is to capture accurate information which will provide valuable historical data as well as a basis for planning your business.
Example of a Family Tree: