ThroughPut
Assortment planning Software is the process of setting up key product lineups and their optimization for winning sales with customers. As retailers become more advanced in their sales strategies, assortment planning has also evolved using automated planning tools with AI and machine learning.
Today, assortment planning goes beyond mere inventory control and stocking products and is influenced by various factors such as price point, product categories, visual merchandising, store format, promotion strategy, revenue targets, lead time etc.One way of ensuring assortment planning goes deeper into your sales strategy, is by identifying what kinds of products get the best sales traction compared to competitors.
It seeks answers to questions like what are the ideal price ranges to ensure a sale, what categories of products would be marketed the best in a particular segment, how should the assortment be structured based on the various products in stock, how best can the assortment be optimized to cash in on areas that competition is weak on, etc.
About Website ThroughPut - ThroughPut, an AI-powered supply chain
management software to make data-driven decisions for improving Output & Free Cash Flow using your operational data.
Cross merchandising is another great way of using complementary displays to cross-promote similar product categories and is a good technique to ensure targeted in-store promotion.
To Read Full Blog Visit Our Website - ThroughtPut
0
ThroughPut
