oboloo

oboloo Glossary

ABC Segmentation Analysis

oboloo Glossary

ABC Segmentation Analysis

ABC Segmentation Analysis is a business practice that divides customer data into distinct categories based on different criteria. The goal of ABC segmentation is to find the most valuable customer segments and better understand how those customers interact with products, services, or advertising. By focusing on high-value subsets of customers, businesses can tailor their marketing and pricing strategies to maximize profits. ABC segmentation analysis helps companies recognize opportunities to increase efficiency, identify new markets, and optimize product offerings. Additionally, using segmentation techniques allows businesses to allocate resources more effectively and ensure customers are receiving the best possible value for money.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971