This "Twenty Minute Tune Up" Webinar courtesy of Manthan Systems, the leader in retail-specific business intelligence, and RPE, the leading retail consulting services provider, focuses on new and innovative techniques for measuring Assortment Success.
Assortment Management (particularly on a localized basis), is for many Retailers a "work of art". While the methods and systems that revolve around Assortment Management and Assortment Planning in particular are varied and not necessarily mature, the reality is that all retailers create, deliver and present product assortments to their customers . Do you consider your Assortments to be a success? How exactly do you measure success?
This twenty minute tune up focuses on effective techniques that will help you define and measure "success" with regards to your assortments. Whether you are managing high fashion, seasonal items, or are a practitioner of Category Management, you can’t afford to miss this Twenty Minute Tune Up.
In just a third of an hour you will learn about five powerful techniques and new metrics such as:
PROI (Product Return on Investment):
Scoring the value of an assortment on both a macro and micro level to help you objectively determine each Products financial benefit.
PMI (Product Magnetism Index):
Don’t hit that "delete" button quite yet. Determine the success of any product to help sell related products and build market basket benefit. Look deeper and review PMI by customer segment to determine the impact of any product or assortment on your "best customers."
Strategic Success Factors
: Score the effectiveness of your assortments against the goals and objectives that were set for the season, including classic Category Management Targets.
Operational Score Card
: Score the effectiveness of your assortments with a variety of key performance indicators that will help you insure that you are managing your assortments in the most optimal fashion.
Life Cycle Score Card:
Quickly preview the success of an assortment and take action based on key and indicative product lifecycle goal posts.
Learn about these five techniques that will help you perfect your Assortment Management practices, and let those Assortments work a little harder for you.