Category analysts work in conjunction with internal teams of category management staff to coordinate their efforts with the merchandising department as well as business associates. The primary responsibilities of category analysts are to assist when negotiating with suppliers, balancing and maximizing the selection of products, analyzing the distribution and inventory systems as well as assisting in reducing expenses. To accomplish these tasks successfully, you must have an excellent relationship with internal departments and partners, vendors and customers in order to understand the needs of all parties and establish a solid connection between all of them.The category analyst typically is directly accountable to the category manager, however they often work with vendors as well as promotional teams and sales teams in the execution of projects like displays and advertisements. It is also essential to collaborate with these teams to establish the flow of inventory plans for distribution of products and seasonal inventory requirements and location-specific requirements. After implementing these strategies the category analyst is expected to evaluate and analyze the strengths and weaknesses of each strategy. Category analysts typically work in the indoors during normal business hours, however, teleconferencing and travel to connect with colleagues are very frequent.An undergraduate degree from supply chain management or business, retail or any similar field is typically required for this job. In addition, at least one year of work experience in the same field is typically required. The essential skills required for this job include negotiations and analytical thinking, as well as organization, and planning abilities. In the majority of companies, understanding of stocking systems that are commonly used like DPR, SAP, E3, or Retek are highly desirable.

Category Analyst roles are expected to grow significantly in the United Kingdom. The role's market expansion is predicted to be robust, with a projected growth rate of 10% over the next ten years. This growth can be attributed to the increasing importance of data-driven decision-making in various industries. As companies increasingly rely on data analysis to inform their strategies, demand for skilled Category Analysts is expected to rise. With this growth, ample employment opportunities are anticipated to emerge in the future, offering individuals interested in this field a promising career prospect.

How to Learn

As a Category Analyst with 0-3 years of experience in the United Kingdom, your main responsibilities include:<ul><li> Conducting market research and analysis to identify trends and opportunities in the category. Analyzing market data to understand customer preferences and behavior.</li><li> Assisting in the development of category strategies and plans. Collaborating with cross-functional teams to define category objectives and strategies.</li><li> Monitoring category performance and evaluating the effectiveness of promotional activities. Tracking sales data and analyzing the impact of marketing campaigns on category performance.</li><li> Supporting the development of product assortment and pricing strategies.</li></ul>

Roles & Responsibilities

Average take home Salary for a Category Analyst in United Kingdom is around $32098 per year

Salary Breakup

Category analysts work in conjunction with internal teams of category management staff to coordinate their efforts with the merchandising department as well as business associates. The primary responsibilities of category analysts are to assist when negotiating with suppliers as well as balancing and maximizing the selection of products, analyzing the distribution and inventory systems as well as assisting in reducing expenses. To accomplish these tasks successfully, you must have an excellent relationship with internal departments and partners, vendors and customers in order to understand the needs of all parties and establish a solid connection between all of them.

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Category Analyst

Salary Breakup

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