smart assortment and intelligent replenishment

Want to perfectly match supply and demand for every single store? Every shop is located in a different geographic area, has different consumers and a unique demand. Therefore, traditional sales forecasts on a generic level are not sufficient. Predict demand on SKU/outlet level and optimize your assortment and stocks accordingly. Minimize lost sales and redundant stock by perfectly matching your stocks to your consumer's demand.

 

Demand

Predicts future demand for every SKU at a particular price point within a given timeframe

Business results

  • Increase revenue up to 7.5%
  • Decrease lost sales up to 19%
  • Decrease redundant stock up to 21%

Consumer results

  • *Better shopping experience* because of right assortment Better shopping experience­ because of right assortment
  • *On-demand availability* of most popular products On-demand availability­ of most popular products

SMART ASSORTMENT

A unique assortment for every single store

BOOST SALES WITH A CUSTOMIZED ASSORTMENT
Every store has it own unique consumers and therefore a unique demand. We adjust the assortment on an individual shop level to perfectly match the SKUs with the needs and wants of your customers in that specific geographical region.

PREDICT YOUR NEXT BEST SELLER
Shortened product cycles result in many new product introductions per year. For these new products no historical data is available. However, by making use of advanced data science technologies such as image recognition we enabled Swarovski to predict the demand for new product introductions for each SKU in every store. In this way they are able to identify their next best seller.

DATA DRIVEN IN-STORE COMMUNICATIONS
Why let a marketer decide which products have to be communicated in-store, if the data understands the consumers' needs best? Dynamic content enables you to optimize display content in each store to the specific audience at a particular point in time.

INTELLIGENT REPLENISHMENT

Decrease lost sales and redundant stock

INTELLIGENT ORDER QUANTITIES
Stock replenishment was never that easy and precise. Intelligent order quantities are based on the current stock level and the predicted demand for a particular product per individual store. Taking into account the probability of lost sales and redundant stocks at the end of the season, this solution optimize your order quantities.

SEASONALITY AND EVENTS
Demand is often influenced by numerous factors such as seasonality and the occurrence of events (e.g. Valentine’s Day, Black Friday and Christmas). Let the algorithms do the work for you by collecting and analyzing many different internal and external data sources that enhance the accuracy of the outcomes at any given point in time.

interested in this solution?

Get in contact with our Business Development & Solution Expert

foto van NAAM

shahin rasti­
business development & solution expert

I'm looking forward to brainstorm about the possibilities of the Smart Assortment & Intelligent Replenishment solution in your organization. Don't hesitate to get in touch!

Ask Shahin