Retail Assortment Management Applications: Short Life Cycle Products Reviews and Ratings
What are Retail Assortment Management Applications: Short Life Cycle Products?
Retail assortment management applications are foundational for modernizing merchandising processes as part of a digital business transformation strategy in unified retail commerce. The demand for these products is based on the item being on trend, seasonal or in fashion and, following maturity, demand will decline.
Customers are increasingly becoming frustrated by wide assortments of excessive products that are prone to stock-out gaps, especially within short life cycle retailing with the proliferation of stock-keeping units (SKUs). They are now expecting retailers to provide an editing service to pare down item choices to those that are relevant to their lifestyles. Intelligent curation of assortments is enabling fashion retailers to present a reduced, but more targeted, assortment of styles and colors that are less confusing and are more in line with consumers’ values. This will translate to a boost in sales and profit margins, a decrease in end-of-season markdowns and reduction in waste.
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ToolsGroup focuses on assisting organizations in achieving their desired service levels while efficiently managing their inventory, irrespective of the complexity of their supply chain or the unpredictability of demand. In an unpredictable world, it equips organizations for any eventualities, including multi-echelon inventory optimization issues and the uncertainties of sporadic demand. ToolsGroup enables these organizations to anticipate more behaviours, guard against unexpected events, and perform at optimum levels. This proficiency lies at the heart of its longstanding relationships with global leaders.
STORIS is a company with a 35-year history in providing technology to the home furnishings, bedding, and appliance sectors. The company's main focus is on offering a complete suite of software solutions, including Point of Sale (POS), eCommerce, Mobile, Customer Experience Management, Inventory, Merchandising, Customer Service, Kiosk, Business Intelligence, Supply Chain, and Accounting. These integrated solutions are designed to help retailers in these sectors implement a Unified Commerce Strategy. The prime goal is to help businesses increase profitability, improve efficiencies, and enhance the consumer experience. STORIS offers comprehensive technology solutions alongside a range of professional services.
Periscope by McKinsey® is a platform that provides intellectual property, prescriptive analytics, and cloud-based tools along with expert support and training. The platform is designed to help businesses drive growth by offering a variety of Marketing & Sales solutions. These solutions aim to accelerate commercial transformation within an organization. The company utilizes its leading intellectual property and high-quality technology to provide visibility into Big Data, actionable insights, and new work methodologies that can result in lasting performance enhancements. The platform includes Insight Solutions, Marketing Solutions, Customer Experience Solutions, Category Solutions, Pricing Solutions, Performance Solutions, and Sales Solutions. The company operates in 26 locations across 16 countries, consisting of more than 400 IT and business professionals along with a network of over 300 experts.
SAS is a global leader in AI and analytics software, including industry-specific solutions. SAS helps organizations transform data into trusted decisions faster by providing knowledge in the moments that matter. SAS gives you THE POWER TO KNOW®.
Analyse² specializes in delivering robust retail analytics solutions for the Fast-Moving Consumer Goods (FMCG) sector which includes both retailers and brands. Through its expertly developed solutions, Analyse² equips businesses with the tools to augment their market share and shopper loyalty while innovating their product categories. These solutions also target the improvement of company's assortments, promotions and product launches. The company's operational focus is primarily concentrated in Europe, particularly in the Nordics. The analytical tools provided by the company significantly aid a plethora of companies in making data-driven decisions to drive their growth trajectories.
360-degree AI powered retail automation products are developed by the company, designed to facilitate enterprises in automating intricate workflows and transforming their data into valuable insights. The company synergizes business acumen from first-rate strategy consultants, enhanced machine learning from skilled data scientists, as well as groundbreaking product development from proficient application designers and developers. The solutions offered enable clients to attain success. The company team includes high-tier consultants, data scientists proficient in advanced machine learning, and product developers with a track record of creating winning mobility products. The aim is to integrate high-quality data science within the client's team. The company's delivery model and expertise are developed in a way to help clients attain data science excellence while keeping costs low.
Board’s Intelligent Planning solutions help over 2,000 organizations worldwide to plan smarter, enable actionable insights and achieve better outcomes. Board helps leading enterprises unify strategy, finance, and operations through more integrated and intelligent planning to achieve full control of performance. Partnering with Board, global businesses have digitally transformed their planning processes. Board was founded in 1994, and has 25 offices worldwide.
Retail Express is a company focused on providing fully integrated software solutions to streamline the various operational and planning processes in merchandising. Its solutions cover multiple aspects including pricing management, price optimisation, promotional planning, advertising, marketing, assortment management, and more. By delivering such solutions in a single unified product, Retail Express aims to solve the problem of disjointed systems in the merchandising sector. Furthermore, its software product offers analytics and forecasting tools, thus supporting decision-making processes in both merchandising and wider supply chain operations.
Centric Software, based in Silicon Valley, primarily offers a platform that is focused on generating a concept to product launch for various consumer goods sectors, including fashion, retail, footwear, luxury, outdoor, consumer electronics, cosmetics & personal care, and food & beverage. The company's platform aims to fulfill the requirements of various market participants by aiding them in the production of high-quality, contemporary, and sustainable products. The digital solutions that Centric Software offers, include Centric PLM, Centric Planning, Centric Visual Boards, and Centric Pricing, cater to multiple aspects such as merchandise planning, product development, sourcing, retail planning, pricing, and product assortments. Furthermore, Centric Software's platform seamlessly integrates with multiple systems, including ERP, DAM, PIM, e-com, creative tools like Adobe Illustrator, and several 3D CAD connectors. Centric Software operates as a subsidiary of Dassault Systèmes.
7thonline provides data-driven software as a service (SaaS) solution, powered by analytics and machine learning/artificial intelligence. It primarily aids Tier 1 retailers with merchandise planning and demand forecasting. The company offers solutions applicable to key channels including retail, wholesale and eCommerce. This positioning enables the firm to assist brands and retailers in navigating the omni-channel challenge by making integrated merchandising decisions based on localized demand. Furthermore, its comprehensive suite of merchandise and assortment management solutions supports customers in driving profit margins via inventory optimization, which is anchored in granular-level demand insights.
dunnhumby focuses on Customer Data Science, providing support to businesses operating in the data-driven economy. The aim is to assist businesses to expand and modify their operations by prioritizing their customers. Originating from a retail background, dunnhumby facilitates firms globally, irrespective of their sector, to embrace a customer-centric approach. The dunnhumby Customer Science Platform is a tailored combination of technology, software, and consulting that helps businesses enhance revenue and profitability by providing exceptional experiences to their customers, regardless of whether they are interacting in-store, offline or online. With a workforce of over 2,000 specialists spread across Europe, Asia, Africa, and the Americas, dunnhumby serves a range of companies.
Epicor equips hard-working businesses with enterprise solutions that keep the world turning. For 50 years, Epicor customers in the automotive, building supply, distribution, manufacturing, and retail industries have trusted Epicor to help them do business better. Innovative Epicor solution sets are carefully curated to fit customer needs and built to respond flexibly to their fast-changing reality. With deep industry knowledge and experience, Epicor accelerates its customers’ ambitions, whether to grow and transform or simply become more productive and effective.
Streamline is an AI-Driven Collaborative Planning Platform specifically designed for the manufacturing, wholesale, distribution, and retail sectors.
Infilect centres on providing Visual Intelligence applications for Retail sector on a global scale. Its main business issue it addresses is accelerating supply-chain and in-store functions for retail brands and retailers. Its Software as a Service products incorporate AI and Image Recognition technology, resulting in efficiency, precision, increased sales and cost effectiveness. Infilect supports the ideology of employing AI and Image Recognition to relieve human mental and physical strain, enabling further utilization of time and resources. As a result, its products are designed to enhance and enable human operation within the Retail Supply-Chain via automatic Image Recognition. Additionally, Infilect is committed to making a positive impact worldwide by proffering real-time and actionable AI solutions to large-scale systemic issues.
First Insight focuses on transforming the way businesses make decisions by offering action-oriented consumer data, backed by artificial intelligence. This platform helps both retailers and brands boost their profitability and revenues by backing up their strategic decisions with concrete consumer data, which in turn eliminates the element of speculation. The services provided by First Insight are trusted and utilized by a plethora of retailers, mass merchants, vertically integrated brands, and wholesalers globally. The platform assists in optimizing various facets of the business operation including product development, strategic decisions, pricing, and marketing strategy.
SAS is a global leader in AI and analytics software, including industry-specific solutions. SAS helps organizations transform data into trusted decisions faster by providing knowledge in the moments that matter. SAS gives you THE POWER TO KNOW®.
Logility is a company that primarily focuses on accelerating and enhancing the efficiency of digital sustainable supply chains. Leveraging the power of advanced analytics and artificial intelligence, Logility offers a platform that automates planning, intensifies precision, fast-tracks cycle times, enhances operating performance, and provides superior visibility, subsequently helping businesses manage their global operations more profitably. The digital supply chain platform by Logility is SaaS-based and is designed to streamline various corporate operations. These include sales and operations planning, demand, inventory and replenishment planning, global sourcing, quality and compliance management, product life cycle management, supply and inventory optimization, manufacturing planning and scheduling, and retail merchandise planning, assortment, and allocation. Logility operates as a subsidiary of American Software, Inc.
Blue Yonder software and services drive digital supply chain transformation. Retailers, manufacturers and logistics service providers worldwide rely on Blue Yonder to optimize and accelerate their supply chain from planning through fulfillment, delivery, and returns. Blue Yonder’s AI-driven supply chain platform and multi-enterprise, multi-tier network enable more accurate forecasting and dynamic management of capacity, inventory and transport. Blue Yonder helps businesses navigate modern supply chain complexity and volatility with more resilient, sustainable supply chains to delight customers, scale profitably, and run flawlessly.
Manhattan is a technology provider focused on improving experiences and outcomes in supply chain commerce. We provide software solutions for Omni channel commerce, supply chain planning and supply chain execution. Our cloud native Manhattan active platform technology and industry experience help increase top-line growth and bottom-line efficiency for various brands across the world. Manhattan designs, builds and delivers innovative solutions for stores, transportation networks and fulfillment centers, eliminating silos created by legacy commerce, warehouse and transportation system to create seamless operations and optimal efficiency.