How to manage product assortment ripple effects with planning software

A digital transformation is occurring within the tried-and-true assortment planning framework of yesteryear — a sea change driven by the increased adoption of advanced tools and artificial intelligence. Retailers need these capabilities packaged within a robust planning platform like RELEX to manage the far-flung effects of product assortment decisions and optimize the entire retail value chain.

Unlock retail success with strategic macro space planning

Macro space planning involves strategically allocating space within a retail store to various departments, categories, and products. This approach emphasizes the store's broader layout, aiming to create an optimal shopping environment that encourages customer flow and maximizes sales.

The keys to building a store-specific retail planogram

Planograms have long been a go-to method for retailers to plan and execute their space strategies. They continue to be an essential aspect of space planning, but several pitfalls threaten retailers’ ability to build their shelves effectively and efficiently.

What is assortment planning? Navigating the complexities

Assortment planning is a game-changer for retailers when it comes to boosting sales and revenue. Retailers use assortment planning to ensure they stock up on the products that people really need and want, especially the hot items that fly off the shelves.

Q&A: How to cure phantom inventory pains with predictive technology

Phantom inventory haunts retailers. The inability to trust when an inventory system claims products are on shelves or in stock is enough to frighten any profit-minded retailer. Scarier still: phantom inventory is so hard to detect that retailers may never be able to identify how much money the issue costs them in the long run.

Unified retail space optimization drives tangible value

Whereas store-specific planogramming can drive remarkable benefits like increased sales and availability and decreased waste, unified space planning builds on those benefits to deliver additional, more tangible value across the business.

Q&A: The future of wholesale supply chain collaboration 

Perhaps no one stands to benefit more from collaboration than wholesalers, who serve as both customers and suppliers in their roles as supply chain intermediaries. So why do so many wholesalers struggle to collaborate effectively?