DATE: 24-APRIL-20 COURSE: MARKETING MANAGEMENT. SUBMITTED TO: ADNAN BASHIR
Q. In the case of an FMCG company, how the key account management and
merchandising work together (You may consider Imtiaz Super Market). ANSWER: Imtiaz is a place where all of the FMCG goods are sold and now Imtiaz has become the hub of retailers and suppliers, supplying to Imtiaz because it holds majority of market share in the selling of these goods. The major reason why Imtiaz has took over this huge market is their technique of merchandising. Every brand and product are merchandized in Imtiaz and is available and displayed in shelfs which attracts consumers and many times due to this merchandising we end up getting many things which we don’t even need. Key account manager is a person who is the support of customers strategically and works as a system between the company and the retailor and creates a win-win situation. In case of Imtiaz, every brand has associated a person in Imtiaz known as key account manager who is managing the accounts of that brand in Imtiaz. Merchandising along with key account manager works together because these both are the techniques of attracting consumers. When we merchandise, we attract consumers to buy the product and then if we place a key account manager along with our shelf that ensure to convince people to buy that product is how it works. These both work hand in hand because many times we see products merchandised but not everything we buy so a salesperson is important to be placed there so that he actually convinces us to buy. Key manager is responsible for assuring the sales, the satisfaction of people associated with brand, the behavior of people with the merchandising shelf so he also suggests tactics to improve out things. Imtiaz’s success is only because of merchandising and every brand and company right now wants its products to be in Imtiaz. Many companies have this strategy of associating key account manager along with merchandising to promote their sales, growth, channel and distributions, help in managements of accounts of the company and associate with Imtiaz.