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Optimize your retail success with our Assortment Planning Services. We help you select the right mix of products based on customer demand, seasonal trends, and historical data. Our services ensure inventory optimization, improved sales, and enhanced customer satisfaction. Leverage data-driven insights, advanced forecasting, and efficient supply chain management to streamline your product assortment and maximize profitability.
Trusted by 3000+ companies across the globe
Assortment planning is a strategic process in retail that involves selecting and managing the range of products to be offered to customers. It is about curating products that align with customer preferences, market trends, and business objectives. With Actowiz Solutions' assortment analytics planning system, powered by advanced big data analytics, retailers can gain valuable insights into consumer preferences, market demand, and product performance. This allows them to make informed decisions and continuously adjust their product offerings to maximize profitability. By leveraging Actowiz Solutions' assortment planning software, retailers can stay ahead of market trends, identify popular products, and optimize their assortment daily for increased sales and customer satisfaction.
Actowiz Solutions' AI-powered assortment planning software addresses this challenge by utilizing proprietary machine learning algorithms to map and standardize scraped products into our category tree. This standardized categorization ensures a consistent "apples to apples" comparison across hundreds of thousands of products. Alternatively, we can accommodate the client's specific category tree, allowing customized comparison and analysis.
By leveraging Actowiz Solutions' assortment planning software, retailers can make informed decisions based on accurate and comparable data. This leads to improved inventory management, reduced out-of-stock, optimized supply chain communication, and enhanced efficiency.
Ensure that you offer the correct catalog to your customers by benchmarking your SKUs against your competitors' offerings. Product catalogs can vary significantly across brands, making optimizing your assortment for maximum impact crucial. With Actowiz Solutions' Assortment Optimization analytics software, you gain a comprehensive view of your catalog's positioning relative to your competitors' catalogs, including price points.
Our software considers product ratings, reviews, freshness, frequency of price changes, product life cycle, and your competitors' top-selling products to suggest the right assortments for your catalog. This data-driven approach helps you make informed decisions that align with market trends and customer preferences. Additionally, our Catalog X-Ray capability provides deeper insights into comparing your catalog's SKUs and competitors.
Seamless Integration with Plug & Play Assortment APIs
Unmatched Product Matching Accuracy of 99%
Category Standardization and Gap Analysis for Enhanced Insights
Comprehensive Reporting through an Analytics Dashboard
In-depth Product Life Cycle Analysis
Accurate Trend Forecasting and Sales Velocity Analysis
By leveraging this platform, you can effectively analyze and optimize your product assortment to cater to the preferences and demands of your customers. This advanced solution provides standardized assortment data, enabling you to identify and address any gaps in your catalog, ultimately boosting your conversion rate. With the power of automation and agility, you gain complete control over your online product merchandising. By utilizing data-driven insights, you can confidently sell the right products to the right audience at the most opportune times. The platform enables you to accurately forecast demand for each SKU, empowering you to determine the optimal inventory quantity necessary to meet customer expectations.
In addition to curating the ideal assortments, it is crucial to secure high rankings on search engines and digital platforms to enhance visibility and drive conversions. Elevate your product visibility by integrating assortment planning with search engine results page (SERP) optimization. Our assortment optimization software offers a range of advanced SEO tools, empowering you to evaluate and enhance your product imagery and descriptions, ultimately positioning your products on the coveted first page of search results.
Over 1 billion unique products meticulously mapped across a staggering 190,000 brands
An impressive 99% precision in matching both exact and similar products
An unprecedented 10-second refresh rate for real-time competitive data
Designed to support over 100 languages, our platform enables you to tap into the vast potential of a $600 billion+ retail revenue market.
Seamlessly integrate store, ad, inventory, and fulfillment data.
Automatically gather, refine, and structure information.
Leverage historical insights and trends for accurate demand predictions.
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See how top businesses optimize every engagement with Actowiz Solutions.
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