Maximize shelf returns with space optimization

With a constantly growing number of SKUs, location-specific variations between stores, and the limited nature of physical shelf space itself, the importance of space optimization in retail operations has been elevated.

And, if things weren’t challenging enough, all this is compounded by the fragmented consumer demand impacting individual stores’ macro-space allocation and the entire assortment that has to be optimized by trading area.

The sheer amount of data and variables is too overwhelming for humans to process.

Digitalize your store space

Assortment in Space creates visual DigitalTwins of every store creating a holistic view of all store operations from AI-guided shelf level optimizations to in-store executions.

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Fast time-to-value

With all the macro space data, factual category space data, your tactics and rules in one easy-to-access place you gain the capability to efficiently manage your store.

All the key data elements are stored in one place and visualized as Digital Twin of the store(s) allowing an efficient approach through the entire process of strategy planning, analyses, and in-store implementation with digital planograms and instructions.

The benefits of moving from once siloed and manual processes to data-driven, coherent and transparent workflow will empower everyone in your team to come up with new and creative solutions. And moreover, translate to faster time-to-value.

Watch the one-minute demo of Assortment in Space in action.

Increase your margins

An efficient assortment means fewer missed sales opportunities and less capital tied to over-stocking your products.

Forecasting each location’s demand potential it guides you in managing your assortment.

Simply put: optimizing Net Working Capital via narrowing the long tail of SKUs and recommending new products to add to your assortment to better serve the local demand. All whilst following the factual store space limitations.

An average of 12% margin increase has been achieved against the benchmark period.

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Benefits of space optimization

Digital twin

Create visual DigitalTwins of every store to gain a holistic view of all stores for planning, optimization, and deployment purposes

Shelving tactics

Category space optimization following your shelving tactics – all the way to unprecedented 3rd block level

Automated planograms

Assortments optimized to local demand are optimized to store-specific space – and automatically turned into planograms

Time-to-value

Faster time-to-value in deployment based on automation

Download the case study

Frequently Asked Questions

What is Assortment in Space?

Assortment in Space is a state-of-the-art, cloud-based SaaS service designed to optimize your assortment and shelf spacing.

It offers an End-to-End process that takes you all the way from sales predictions to executing your assortment and space scenarios in stores.

A Modular Toolkit is designed to manage and execute at an individual store level as well as clusters and chains of stores.

What data is needed for Assortment in Space?

Assortment in Space leverages data from different data sources. The data typically includes a store, shelf, module, loyalty card, shopper, POS, product, etc. information which will be synchronized and enriched for the Assortment in Space data model.

Why is true space awareness important?

The category shelf space in stores vary, which makes it challenging to optimize the assortment and shelf space in stores. Therefore, having the true space data in digitalized format is essential for advanced store-specific assortment and space optimization.

What does true optimization mean in Assortment in Space?

Assortment in Space leverages Artificial Intelligence, Machine Learning, and state-of-the-art mathematical optimization model and predictive analytics - ensuring you meet your local, store specific, shopper demand according to your strategy. You do not need to react to the market – you’ll start to drive it.

How does Assortment in Space work?

Assortment in Space enables you to digitalize your true store space and manage both macro- & micro-level assortment and space, create your assortment and space scenarios based on your local shopper needs and your category assortment strategies.

It enables you to execute unique double-loop optimization: First Assortment in Space enables you to optimize your store-specific assortment based on each store’s local demand. Secondly, it enables you to combine optimized store-specific assortment with each store’s true shelf space and optimize the space for each SKU based on your space management tactics and rules.

Which technologies have been used as part of the solution?

A mix of commercially available and open source technologies has been used. IBM Decision Optimization Studio (CPLEX) has been used for optimizations and IBM SPSS Modeler and IBM SPSS Collaboration & Deployment Services for predictive analytics. As the data warehouse, IBM DB2 Enterprise Server has been used. Alternatively, Oracle Database or Microsoft Database can be used.