Product variety is a trend in different industries and it is a subject with an increasing relevance both in the industry and academy. The management of product variety must balance the benefits obtained generally from the marketing perspective with the negative effects obtained, in general, from the operations and logistics perspective. Thus, it becomes a challenge for the industries in which product variety is high, such as the cosmetic industry. This master’s dissertation is an empirical study that aims to analyze the management of product variety in this industry, quantifying, comparing and understanding the behavior of the variety of products offered in the Brazilian market, considering shampoo as the object of the study. As variables of this product it was considered market division, group, signature, brand, additional purpose, target audience, feature, color, packaging and fragrance. The analyses were done by an industry research and a case study in a multinational cosmetic company. It’s verified as result of the industry research that the variables brand and characteristics are the ones that most contribute to generate diversity to the consumer. With the case study, on the other hand, it can be concluded that the management of this variety, is associated to the supply chain management (SCM) with intense use of Efficient Consumer Response (ECR).