PredictiVu’s assortment planning starts by setting targets to keep track of the team’s advancement over time. The following stage is to review the historical data to determine which objectives are realistic and which products should be included in the mix. Once the products are identified, companies can learn about the product hierarchy and the buying process. The right balance between product categories, sizes, variations, stock-keeping units, and prices can be determined by companies. Assortment planning helps companies:
Assortment planning helps companies:
- Retain devoted clients based on past purchases
- Control overspending on inventory
- Outperform rivals with a strong assortment strategy
