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Articles on Assortment Planning

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Product Update: DotActiv’s Launches New Range Optimizer Solution

By | on 04, Feb 2021 |   Assortment Planning Product Attribute Clustering Range Optimizer Solution

Your customers have high expectations when they enter your store. They expect, among other things, to find the products they’re looking for and to have a pleasant shopping experience. So how can you a[...]

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When Should You Introduce a New Product Category?

By | on 19, Jan 2021 |   Assortment Planning SKUs Product Category

So you’re interested in introducing a new product category into your store because you hope it’ll bring you increased profits and show customers you can offer them more. Both are good reasons to bring[...]

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[Free Ebook] A Definitive Guide to Cluster Analysis

By | on 10, Mar 2020 |   Category Management Assortment Planning Retail Data Cluster Analysis Machine Learning Customer Segmentation

Clustering is a function of category management which you can use to facilitate end-to-end solutions. You can also use cluster analysis to group your retail data and understand the similarities betwee[...]

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Struggling With Assortment Optimization? Here's What To Do

By | on 11, Nov 2019 |   Assortment Planning

As a retailer or supplier, it’s essential that you monitor your customers’ product interests and preferences so that you can offer the right products, in the right quantity, at the right place, and at[...]

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How Do You Know If You Stock the Right Product Mix?

By | on 01, Aug 2019 |   Assortment Planning

Ensuring you offer the correct product mix at the right time, right place, at the right price and to the right customers is vital to surviving in a competitive retail environment. By selecting a caref[...]

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8 Calculations to Use For an Enhanced Retail Assortment

By | on 11, Jun 2019 |   Assortment Planning

Choosing the correct retail assortment is one of the most important decisions you’ll make for your retail stores. Select the wrong products, and you’ll have dissatisfied and frustrated customers. Fort[...]

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Hardlines vs Softlines: Here’s How They Affect Your Business

By | on 10, May 2019 |   Assortment Planning

While retail inventory is broad - there are multiple types of products across various categories - you can also filter it into two distinct groups. On the one hand, are your hardlines. On the other, a[...]

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4 Reasons Why Basket Abandonment Happens (And How to Avoid It)

By | on 09, May 2019 |   Assortment Planning

If you were to consider the rate of basket abandonment at physical stores versus online stores, there is no comparison. Most customers walk into your stores ready to purchase. It’s not the same with o[...]

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4 Reasons Why Product Bundling Works (And Why it Doesn’t)

By | on 18, Feb 2019 |   Assortment Planning

Product bundling is a common pricing strategy implemented across the retail industry. It’s also not retailer-specific. You’re just as likely to find it used by a retailer selling computer software and[...]

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How to Avoid These Private Label Mistakes

By | on 01, Feb 2019 |   Assortment Planning

The private label brands you present in your store can have a significant impact on your long-term success. That’s one reason why it’s worth introducing them to your store. Another reason is that you [...]

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