Assortment Planning

With today’s fast-changing market dynamics and diverse customer needs, a customer-centric retail strategy must include localizing assortments to differentiate product offerings address varying customer needs

Have a customer-centric retail strategy

Assortment Planning is the process of deciding the width and depth of the assortments for each sales channel, and it is the key step in the inventory investment decisions. With today’s fast-changing market dynamics and diverse customer needs, a customer-centric retail strategy must include localizing assortments to address different requirements. Therefore, Assortment Localization, the process of differentiating product offering or timing across markets, is becoming the norm. However, managing hundreds of products across multiple sales channels and store clusters while calculating buying quantities based on different life cycle strategies and keeping track of store capacities can be overwhelming.

Solvoyo’s cloud-based solution offers advanced analytics and predictive models to support assortment-localization and buy-planning decisions. For brick-and-mortar retailers looking to do Assortment Localization, clusters created in the Solvoyo Clustering tool can be used in Assortment Planning with one click. The digital platform improves visibility and collaboration as approved styles can be viewed in real-time.

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What can you achieve with
Solvoyo Assortment Planning Solution?

Cloud-based digital platform for end-to-end preseason planning
Localized assortment planning by store/SKU level forecasting
Machine learning technology for incorporating stock-out adjustments, normalizing weather effects, and accounting promotions and markdowns

 

Solvoyo integrates the visual merchandising and the financial analysis part of the business with this solution in one step. It saves time for the merchants and the planners by doing all the heavy lifting in data processing and financial calculations to have time to focus on more strategic tasks rather than spending hours across multiple spreadsheets. Real-time integration with ERPs and automatic reconciliation capabilities bring efficiency into the planning process.

Improve First Price Sell-Through

Improve Planner Productivity

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Similarities in sales expectations between products based on attribute rules

Develop localized assortment strategies by differentiating availability, life-cycle, in-store dates, and visual display quantities across stores

Automatically adjust sales expectations based on new store openings, the performance of similar items, and stock-out corrections

Similarities in sales expectations between products based on attribute rules

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Automatically adjust sales expectations based on new store openings, the performance of similar items, and stock-out corrections

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Develop localized assortment strategies by differentiating availability, life-cycle, in-store dates, and visual display quantities across stores

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Assortment Localization Made Easy

Buying for localized assortments

Ability to plan different in-store dates by store segment
Collection management made easy with product visuals
Interactive forecast generation for each option at the cluster/store level
The depth and minimum presentation management for initial allocation

Similarity-based forecasting

Automated similar-item selection
Automated similar-item based forecasting

Predictive Analytics
with AI/ML

Interactive forecast generation for each option at the cluster/store level

Integrated planning across all sales channels

Smart stock-out, promotion, and weather effect adjustments

Commercial priorities, width, depth, and minimum presentation

End-To-End
Integrated Planning

Integrated with PLM, Clustering, and IPO modules

No spreadsheets

Buy quantities at store/SKU size level

Supports Test, Read, and React solution

Configurable Reports & Dashboards

User based access rights

Online virtual showroom of assortments by store and channel

Flexible, easy, fast workflow with a few clicks to determine buy quantities by changing lifecycles and flow timings