PUBLISHER: QKS Group | PRODUCT CODE: 1445926
PUBLISHER: QKS Group | PRODUCT CODE: 1445926
Quadrant Knowledge Solutions Reveals that Retail Assortment Management Application Market is Projected to Register a CAGR of 7.20% by 2027.
Retail assortment management application uses advanced analytics to help retailers plan and implement end-to-end product assortment strategies across sales channels, including visual merchandising, product placement, store layout, allocation, and others based on consumer preference, customer demands, market trends, localization, and retailer's financial viabilities. The application enables personalized product assortments across store groups, locations, and channels based on localized customer preferences and market trends. The application helps retailers in the process of planning, creating, and maintaining the assortments, resulting in increased sales, improved profit margins, optimized inventory utilization, and enhanced customer experience.