Assortment Optimization & Analysis
Our assortment optimization solutions are backed by our industry leading velocity grouping methodology, taking a comprehensive approach to assortment analysis, analyzing a number of factors within your product range. ToolBox Solutions integrates POS data, market data, shopper data (if available) and basket data (if available) at every store cluster level to provide you with an instant view of the productivity and the necessity of each item in a retailer’s assortment.
Optimize your assortment
Our solutions integrate POS data, market data, shopper data and basket data at every store cluster level providing an instant view of productivity and necessity of each item in a retailer’s assortment.
Fast return on your assortment planning
Our velocity grouping methodology takes a proprietary matrix approach to identify your best items and classifies them to be protected or gain greater penetration in your customer’s stores. At the same time your worst items, those that are at risk of being discontinued, are also noted allowing you to build a solid defence or exit strategy. We integrate profitability metrics into our velocity grouping, ensuring you have all the knowledge you need about each item in a single point of reference. Categories we have worked within have seen assortment reduced by as much as 10% while significantly growing sales through improved shelf capacity and greater exposure of key items.
What’s in it for you?
- Point and click interface produces results in seconds.
- Build sales by having the correct holding power for each segment and item within a category (less out of stocks = happier customers).
- Compare items using up to a dozen attributes, ensuring you are comparing the best facts.
- Provide value to your customers by significantly improving inventory turns and reducing working capital invested in under performing categories.
- Understand where items are at risk and take action pro-actively.
The right assortment strategy
There’s not a retailer in business today who isn’t concerned about their assortment strategy, and what the right answer is to generate greater allure to their customers. More and more they are looking at studies that suggest that reducing assortment is the answer to their needs. Even in full line product oriented retailers, too much assortment can be confusing, creating the illusion of less assortment. Sometimes less is more.