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Assortment Optimization for Retail: Where Science Meets Analytics
Retailers face the huge challenge of offering customers a wide variety of products, while avoiding diminished returns and keeping store operating costs in check. To answer the question "how much variety is enough?" savvy retail organizations must develop solid strategic planning initiatives.
In this white paper, discover an approach to strategic planning for retailers that includes four key principles:
- SKU optimization, not rationalization
- Scientific and analytic approach
- Optimal assortments differ by segment
- And one more
Learn how to leverage technology that supports these principles, allowing you to optimize your inventory assortment according to location.