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The shift from a sales-centric to a gross margin-focused approach in retail space optimization represents a significant advancement in retail strategy. By leveraging the power of AI and analytics tools like HIVERY Curate, retailers, and CPG companies can navigate this shift effectively, ensuring that each square foot of shelf space generates sales and, more importantly, drives profitability. This transition is not just about adapting to a new metric; it's about embracing a more sophisticated, data-driven approach to retail success in the 21st century.

Optimizing Retail Space: The Shift from Sales to Gross Margin Focus

The evolution of planogram efficiency reflects a broader trend in the retail industry: the need to adapt to a dynamic landscape where consumer preferences, technological advancements, and market conditions are in constant flux. Further, the process of planogram creation, even when hyper-local, can be inefficient and costly. Teams often develop 'averages of averages' approaches and strategies, including larger cluster sizes, exacerbating the challenge and leading to overstocking in some stores and understocking in others. In this article, we'll explore the recent developments in planogram efficiency and how retailers can stay ahead in this changing environment.

The Evolution of Planogram Efficiency: Adapting to the Dynamic Retail Landscape

Explore how AI solutions are revolutionizing the world of retail on the latest episode of Retail Maverick. Discover the incredible journey of a multinational grocer as it leverages AI to streamline planogram management, enhance in-store performance, and gain negotiation power with suppliers. Learn how AI-driven decisions are shaping the future of retail strategy and efficiency.

Podcast - The Role of AI in Planograms: Driving Sales and Enhancing Supplier Negotiations

Discover how #HIVERYCurate revolutionizes planogram management for a leading global grocer:

📉 Reduced planogram process from weeks to days
📈 Outperformed traditional methods in efficiency & sales
💡 Strategic insights for optimal product placement & negotiations
🌍 Enabled hyper-local, scalable strategies
🌟 Transforming retail with AI-driven solutions. #RetailTech #AIInnovation #PlanogramOptimization

AI-Driven Planogram Management: HIVERY Curate's Impact on a Multinational Grocer's 500,000+ Planograms.

In today's rapidly changing retail industry, buyer teams are faced with a multitude of complex decisions. From planning product assortments to optimizing store space, the challenges can be overwhelming. However, with the help of advanced analytics and AI, we can analyze store-level data, as well as real-world product constraints and rules, to dynamically discover and quantify strategies. By testing new approaches quickly, we can give you the confidence that the recommendations you make are relevant and impactful to your brand portfolio and product category.

Enhancing Buyer Confidence: The Role of HIVERY Curate in Streamlining Retail Decisions

Maximizing retail space productivity with AI: Our latest case study showcases how a major retail chain leveraged HIVERY Curate to optimize store layouts & product assortments, tailoring to local customer preferences. The result? Enhanced sales, improved customer experiences & operational efficiency. #RetailInnovation #AIPoweredRetail

Optimizing Retail Space Productivity with HIVERY Curate

Transform your retail planning with AI-driven visual insights!  Discover how interactive assortment planning with tools like HIVERY Curate can lead to rapid, intuitive decisions. Avoid guesswork, align strategies, and drive success.

Interactive Assortment Planning: Using AI-Driven Visual Insights to Make Difficult Decisions

HIVERY Curate is an AI-powered solution for new product launches that helps both manufacturers and retailers mitigate risks and optimize product rollouts. This use case showcases how HIVERY Curate provides actionable insights for new product innovation, enabling effective sell-in strategies, and assisting in damage control situations.

Leveraging HIVERY Curate for New Product Innovation with Precision and Impact

The retail industry is in a state of constant transformation, driven by shifting consumer behaviors, supply chain complexities, and intense competition. In this era of rapid change, adapting and making data-driven decisions is crucial for retailers to stay competitive. One of the critical areas undergoing a revolution is assortment optimization, and at the forefront of this change are AI-powered solutions like HIVERY.

Retail Disrupted: How AI is Revolutionizing Assortment Strategies

🎙️ Tune in to the latest Retail Maverick episode! Explore a real-world use case of how HIVERY Curate's AI-powered insights revolutionize new product innovation in retail. Learn how to confidently pitch new products to retail buyers backed by data-driven insights. #RetailInnovation #AIInsights

Podcast - How AI Can Drive New Product Innovation & Measure Impact

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