MIND 1 SHELF 0


What's on your consumers mind is it on the shelves ? is a good question to always ask both at a marketing front and on the operations front in retail , or any other consumer product business .


Brands spend crores in driving awareness and desire , when the consumers come seeking in for the product , its a sheer waste when they dont find what they have come looking for .This is what the blog would term as "mind1 shelf0 "(tm) phenomenon ( where on the mind gets 1 , not on your shelf gets 0 )



So why does this happen always , yes its a historical issue but never is addressed ...here is this blogs take on the why piece



i) Too many variants ::most of the problems occur due to the brand's great desire to satisfy everyone , thus the great urge for more skus 'which could take the shape of too many colors ,sizes , contents etc , so more the variants more the chance of "mind 1 shelf 0 " phenomenon ,take a max of two winning variants , with proper demand forecasting and production planning you will see the difference .

ii) Under Projection :: Sometimes demand > supply , due to wrong demand estimation or unexpected customer reaction ( very ideal situation !) rarely happens these days ,this situation gets corrected naturally as when demand > supply , the consumers would come back asking for it , so you get time to correct the "mind 1 shelf 0 " phenomenon.

iii) Operations and SCM :: If you dont know what is moving on an online basis , what size , color etc and what is not moving then GOD only help you .it will be "mind 1 shelf 0 " always and soon " mind 0 shelf 0 " for you ! .



iv ) The Great Vendor debate ::In spite of most brands having the state of art IT deployment , and putting a horde of team members behind whats mentioned in point iii) above , they are not able to get their act right still as their is the great Vendor dependency .if the Vendor is not aligned ,you had it !



so how does "mind1 shelf0" get measured

low conversion percentage :: Bills generated as a percentage to the footfalls to your counter is a good measure , higher the conversion could be an indicator to "mind1 shelf 1 " ( ie what is on the mind is on the shelf thus 1 1) , although conversion is not only influenced by this factor .


low items per bill ,or upt :: the other measure is the number of items that a consumer generates per bill , a low item per bill is an quickly good indicator for your" mind 1 ,shelf 0 " phenomenon .


With a growing apathy of going out considering the traffic scene in most cities , and a shopping also being driven by Word of mouth ,consumers don't have the time and desire to give outlets a second chance so brands would do well to get their play on "mind 1 shelf 0 " right , otherwise it would be soon "MIND 0 SHELF 0 " soon for your business

Comments

Unknown said…
Its a true fact for both online as well as Brick & morter model. If the showcased product is not available, then customer would go with a shelf '0' experience which will eventually turn into Mind '0' of that brand. (My experience: Being an online shopper, After watching the latest ad of RAYMONDS Fine Fabric, same day I've searched for the product online, however to my disappointment the link to 'Fine Fabric' was not working in their website...

Popular posts from this blog

Pentagon & Triangle Model

GMROF ,GMROL,GMROI

Dr Pashu —Pet/Animal Health in your Hands