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Assortment - Levels

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Assortment level 2
Rules based

Assortment Products
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Assortment level 2 (Rules Based)

Rules

  • An advanced level assortment process where we can apply a wide selection of rules under Inventory, Product and Space.

  • Rules can be applied at the Category level or the individual product level.

  • Rules are tailored and applied based on the goals and objectives of the project.

  • Through using rules in the project we can deliver a more defined assortment recommendation.

Clustering (Optional)

  • Additionally in Assortment Level 2 we can bring into the project Clustering as an option.

  • We can use existing clustering you may have or build you suggested new clusters based on existing sales. 

Process

  • We can run an inventory and product rules based recommendation on all stores, selected stores or selected clusters.

  • Product recommendations on what to add / remove are based on rules, this can also include new products.

  • We report on store attributes for existing stores.

  • The solution works automatically to satisfy the offer at each grouping level.

Example Approach

  • Using inventory rules to remove products with low sales and add products with higher sales not currently stocked

  • Target selected - Total Sales (No Clusters)

Example Approach

  • Using inventory rules to remove products with low sales and add products with higher sales not currently stocked

  • Target selected - Changing all stores in the cluster

Result

  • Projection increase in units +11.9%, increase in value +13.4%

Assortment Level 2 No Clusters

Result

  • Projection increase in units +12.2%, increase in value +12.9%

Assortment Level 2 Changing all clusters

Example Approach

  • Using inventory rules to remove products with low sales and add products with higher sales not currently stocked

  • Target selected - Changing one store space (3 metre)

Result

  • Projection increase in units +6.0%, increase in value +7.2%

Assortment Reports Products

Deliverables

  • Result deliverables are via a presentation to review the results based on the project goals and objectives set

  • An interactive Microsoft Excel workbook is also delivered containing all the project results

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Example reports

Assortment Attribute by Rank

Attribute by rank (single and all stores)

Assortment Adds_Deletes

Suggested additions and deleltions list

Project requirements

  • We complete a discovery process to find out your key objectives and goals for the assortment project

  • To achieve the expected results of an accurate projection, data is key. All data is reviewed to ensure we have clean data to run the project

  • Any project delivery is designed around the available data that can be used. For entry level 1 Assortment we have mandatory data requirements and optional or advantage levels.

  • A full list of the data required to run an entry level assortment project can be found by clicking the data requirements button below

  • Alternatively, please contact us and we will be happy to discuss your requirements further

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