Assortment Analytics Services - Renovate your product assortment strategy
In a competitive eCommerce industry, assortment analytics becomes an inevitable element to stay distinctive. Leverage our assortment analytics services to optimize product offerings, confirming that products match market demands and customer preferences.
Our assortment analytics solutions help retailers regulate the mix of products effectively, leading to improved sales, enhanced inventory management, and increased consumer satisfaction. We combine eCommerce web scraping services with assortment analytics to bring exactness in the data insights that deliver continuous growth.
Our professional assortment analytics solutions help to find high-performing products, recognize local and seasonal product demands, manage inventory levels, meet consumer demands, and gain the competitive edge.
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Frequently Asked Questions
Assortment analytics is the process of assessing product mix to make the ideal selection of products that should be available across different platforms, stores, channels, or locations. It helps businesses analyze and make informed decisions that enhance sales, maintain inventory levels, and increase customer satisfaction.
Assortment analytics helps discover performing products and understand consumer preferences. It also makes the right product available at the right location and time. Leveraging assortment analytics will lead to fewer stockout situations, limit excess stock levels, and deliver what consumers require, ultimately increasing the profit margin.
Assortment analytics use a mixture of POS data, consumer demographics, performance metrics, competitor product data, season trends, and geographic information. Using more than one data source provides more precise and helpful recommendations.
- Improved product assortment planning
- Better sell-through rates
- Decrease in markdowns and overstock
- Raised customer experience
- Competitive assortment mapping
- Better category management
Assortment analytics help retailers tailor product collections for every location based on local demands, purchase patterns, and sales trends. This process improves inventory accuracy and helps provide a personalized shopping experience.
Assortment analytics is important for retail and eCommerce, but it can also benefit other industries, such as FMCG, Fashion, consumer goods, home improvement, supermarkets, and more.
The tools and technologies for assortment analytics include demand prediction, predictive analytics, a category management platform, data visualization, analytics dashboards, and more.
While inventory management emphasizes on trailing and controlling stock levels, assortment analytics focuses on determining which products should be stocked and in what quantity. It is a tactical tool for product selection and category planning, not just logistics.
Yes, the latest assortment analytics solutions can be combined with ERP or POS systems. This integration helps with real-time data analysis and quick execution of assortment alterations over multiple channels.
To leverage the full potential of assortment analytics, it is important to find and select the correct assortment analytics service provider. Select a company that offers custom data dashboards, proven expertise, experience working with different industries, and scalable solutions.
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