Rodney Plunkett's Contact Details

Rodney Plunkett's Company Details

CategoryMaster

Ipswich, MA, US • Not Available Employees
Consumer Products

In 2011 I began CategoryMaster as a consulting business around the analysis of data from IRI®, Nielsen®, Spectra®, and other syndicated data and customer sources. It has since grown to be involved with clients in business development, new product development, sales, marketing, market research, forecasting, S&OP, operations management, business and strategic planning, financial planning, quality and regulatory compliance, and process engineering.I have always had a simple mindset of never keying data into a spreadsheet or other electronic program once it has been entered the first time. At the time Lotus 123 became my best friend, and ultimately Microsoft Excel. Excel is rich in functionality many people don't take advantage of, and it can make work so much easier if you just dive in and learn its basic functions. In 1992, when Category Management was in its nascent stages, I was with Hershey Pasta Group and we (Hershey) were one of the original IRI partners. As I began diving into the POS data to do analyses, my managers would inevitably ask questions beyond the answers provided by the descriptive statistics. I soon had to develop diagnostic statistics to figure out the why. You guessed it, once we knew the why, the next questions were around predicting outcomes. Once we could predict, then we could start prescribing. Using these tools, I developed Pasta Experts®, one of the first category review tools in the industry. We used that tool to become better partners with retailers and within two years of implementing HPG captured the #1 position in the dry pasta category from the then leader, Borden.This analytical progression from Descriptive, to Diagnostic, to Predictive and finally to Prescriptive is applicable to practically every aspect of business function. Analytics is a key contributor to a successful business.