Hamacher Resource Group Inc. (HRG) has completed its semiannual update of its Fine Line classification system for health, beauty, and wellness (HBW), home health care (HHC), and general merchandise (GM) products with notable adjustments to reflect industry changes. The September 2018 updates include extensive modifications which support the Fine Lines mission of increasing reporting capabilities and supporting merchandising strategies. Among the categories affected are: Diabetes Care, First Aid, and Batteries.
In Diabetes Care, there was an expansion of the blood glucose testing subcategory, a fine-tuning of the health & wellness subcategory, and the addition of the continuous glucose monitoring subcategory. Specialty Wound Care was moved from Home Health Care into the First Aid category and there was an expansion of some of the subcategories to better represent consumer needs and merchandising strategies. The Batteries category was modified from a 3-digit subcategory code to a 2-digit category code to allow for more granular 3-digit subcategory and 4-digit fine line codes to improve segment reporting capabilities and to more accurately reflect consumer shopping hierarchy.
HRG’s team of analysts continually reviews the Fine Line classification system to determine whether modifications are necessary based on consumer market changes, emerging categories and subcategories, or to reflect merchandising trends. The Fine Line system classifies HBW, HHC, and GM products into categories, subcategories, and product segments and is used throughout the supply chain in the retail pharmacy industry. Categories are organized by 2-, 3-, and 4-digit fine lines by HRG’s team of analysts to offer more refined reporting capabilities, facilitate analysis of product performance, and to segment the placement of products.
HRG releases updates to Fine Lines twice a year, in March and September. Updates to the HRG Fine Line system may consist of description changes, re-categorization of items, and additions or deletions of categories and/or subcategories.
To download the latest update to Fine Lines, click here.