Apr 5, 2024
What is an assortment planning tool?
An assortment planning tool is software or system designed to facilitate the process of selecting and managing the product assortment offered by a retailer.
Steps in preparing an assortment plan typically include market analysis, defining customer segments, setting sales goals, determining product categories, and selecting specific products to include in the assortment.
The assortment planning model is a framework or methodology used to guide the assortment planning process. It may include elements such as sales forecasting, inventory management, space allocation, and assortment optimization.