From Strategy to Execution: How HIVERY Curate Optimizes Retail Assortments
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From Strategy to Execution: How HIVERY Curate Optimizes Retail Assortments

September 11, 2023 | By HIVERY

In the fast-paced world of retail, the journey from crafting a winning strategy to executing it effectively is a complex and dynamic process. Ensuring that your products are on the shelf and in the right place at the right time can make or break your success. This is where HIVERY Curate steps in as a game-changer, revolutionizing the way retailers approach assortment strategy optimization.

Let's review each phase of the assortment planning lifecycle and cover key questions that HIVERY Curate can answer:

From Strategy to Execution: How HIVERY Curate Optimizes Retail Assortments

The Strategy Planning Phase:

The first step in this transformative journey is the Strategy Planning phase. Here, HIVERY Curate plays a pivotal role in addressing critical questions such as:

  1. What Category Growth is Possible?: With the power of AI and data-driven insights, HIVERY Curate helps retailers uncover growth opportunities they might have missed.
  2. Optimal Clustering: Clustering stores for efficiency is a vital strategy, and HIVERY Curate provides the tools to optimize these clusters effectively.
  3. Store-Specific Insights: Gone are the days of one-size-fits-all strategies. HIVERY Curate empowers retailers to make store-specific decisions, ensuring that assortments resonate with local customers.

The Assortment Planning Phase:

Moving on to the Assortment Planning phase, HIVERY Curate takes on an even more significant role, helping retailers answer pressing questions:

  1. Where Will New Items Perform Best?: Identifying the right stores for new product launches is crucial, and HIVERY Curate's predictive capabilities make this decision easier.
  2. Profit vs. Revenue/Unit Volume: Retailers often face the dilemma of prioritizing profit or volume. HIVERY Curate provides insights into these trade-offs, allowing retailers to make informed decisions.
  3. Churn Management: Keeping product turnover in check is vital. HIVERY Curate helps retailers understand the impact of churn on their category and make strategic adjustments.

The Planogram Drawing Phase:

As we delve deeper into the Planogram Drawing phase, HIVERY Curate offers advanced capabilities:

  1. DOS Modeling: HIVERY Curate assists retailers in optimizing Days of Supply (DOS), ensuring products are always available to meet demand.
  2. Packout Modeling: Merchandising becomes more efficient with HIVERY Curate's packout modeling, maximizing shelf space.
  3. Space Constraints: HIVERY Curate considers physical constraints to help retailers make the most of their available shelf space.

The Store Execution Phase:

Finally, in the Store Execution phase, HIVERY Curate delivers executable assortments that fit seamlessly into retail operations. It ensures:

  1. Store-Specific Assortments: HIVERY Curate tailors assortments for each store, considering their unique characteristics and customer demographics.
  2. Space Optimization: Retailers can rely on HIVERY Curate to optimize space, reducing stock time and increasing shelf availability.

HIVERY Curate is not just a tool; it's a retail revolution from strategy to execution. With its AI-powered capabilities, it empowers retailers to make data-driven decisions at every phase of the assortment lifecycle. Whether you're looking to uncover growth opportunities, optimize assortments, or streamline execution, HIVERY Curate is your strategic partner in achieving retail excellence.

In the competitive world of retail, staying ahead means making smarter choices. HIVERY Curate is your compass, guiding you from strategy to execution, ensuring your assortments are finely tuned to meet the demands of your customers and the ever-changing retail landscape.

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