Assortment Planning Software: Maximize Profitability with Customer-Centric Assortments
Leverage advanced machine learning techniques like clustering and profiling to create automatic assortment plans that will delight your customers. With greater efficiency, you can apply trends and shopper insights to build a unified assortment plan that incorporates new, ongoing, and carry-over products.
Uncover the optimal product mix with clustering, profiling, and other machine learning techniques that build out automatic assortment plans. With this increased efficiency, you’re able to best apply your unique knowledge of the business and shopper demand, with a single picture of the assortment plan that includes new, ongoing and leftover products.
Drive Sales and Margin Growth with Localized Assortment Planning
Customer-centric assortment optimization
Our customer-centric approach to assortment optimization helps you create assortments that boost customer satisfaction. Build your merchandise plan confidently using retail analytics and industry best practices, while maintaining flexibility to adjust based on real-time customer demand and the unique needs of each store.
Comprehensive End-to-End Assortment Strategy Made Easy
ToolsGroup’s Assortment Planning guides you through the entire process, from analysis to execution, ensuring that your retail assortments match customer demand at every store. With features like store profiling, dynamic clustering, and localization, you’ll consistently match product assortments to customer preferences.
Quick Time to Value with an Easy-to-Use Interface
Achieve faster ROI with our user-friendly software, designed with Excel-like grids and intuitive graphical displays for quick user adoption. With increased visibility and ease of use, your team can efficiently manage integrated planning processes for optimal results.
Increase Inventory Accuracy and Productivity
Improve your decision-making and productivity in assortment planning with better inventory management, helping you stay agile in a competitive market. Our management-by-exception functionality enables you to use your unique business knowledge to optimize results and boost customer satisfaction.
Across our entire store network, we’re holding about 10 percent less stock in stores which is impressive. However, the real story is that we achieved this and improved the composition of inventory in stores, meaning a higher ratio of key lines relative to each store’s demographic performance."
Caleb Nicolson,
General Manager Supply Chain, Proven Success: Kathmandu Case Study
- Reduced store stock by 10%
- Improved pre-clearance inventory sell-through
- Increased stock turns while reducing stock-outs
- Maximized cash flow
Key Features of Assortment Planning Software
Dynamic Location Clustering
Cluster customers and store locations based on multiple dimensions, including purchasing behavior, demographics, and store space. Dynamic clustering adapts to shifting market trends, enabling you to target product assortments more accurately for each customer segment.
Create and maintain assortment plans by cluster. Then, as your retailer needs change, you can shift the makeup of the clusters as necessary–ensuring you still meet customer demand.
You can also use clustering to more accurately target product assortments and promotions, providing the right product to the right consumers for improved customer satisfaction and revenue.
Retail Assortment Breadth and Depth
Optimize assortment width and depth within store clusters to meet revenue objectives. ToolsGroup’s software helps you rationalize assortments across clusters based on forecasted market trends, demand, and available shelf space. Start with bottom-up assortment plans and automatically reconcile them with your financial targets.
ToolsGroup Assortment Planning software gives you the ability to rationalize assortments across clusters and make decisions backed by data. Identify anticipated market trends, available shelf space and demand to forecast the optimal number of assortment options. Once the assortment has been rationalized, the solution can smart start bottoms-up assortment plans that automatically reconcile to your organization’s financial targets.
Omnichannel Line Planning
Use an integrated approach to line planning that combines analytical and visual merchandising. Create a comprehensive product selection strategy across all channels to ensure inventory levels align with customer demand.
Receipt Planning and Commitments
Fine-tune your receipt strategy by setting constraints and defining optimal receipt periods. Streamline your merchandising and purchasing process by sending commitment orders directly to the order manager for final approval, processing and submission.
Assortment Roll-Up and Reconciliation
Use roll-up and reconciliation reports to guide key merchandising decisions like pricing, promotions, open-to-buy, profitability, and inventory management. Aggregate data and reconcile your assortment plan with your financial metrics to ensure strategic alignment.