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Business Strategy: The Dawn of a Golden Era — Recent Developments in Assortment Planning

Business Strategy: The Dawn of a Golden Era — Recent Developments in Assortment Planning

This IDC Retail Insights report presents the results of IDC Retail Insights research into recent innovations from 12 leading assortment planning vendors and analyzes forces defining the dawn of a golden era of assortment planning. A healthy mix of established and emerging vendors of the assortment planning market is taking advantage of broad emerging information technologies trends to innovate. Assortment planning is the hub of the wheel of merchandising strategies and tactics. Buying, localization, pricing and promotion, space allocation and visual merchandising, replenishment and allocation decisions, and omni-channel tactics flow from its range and breadth decisions. Retailers need more capable assortment planning applications to manage complexities for profitable results and customer satisfaction.

"First- and second-generation assortment planning applications simply aren't up to snuff against today's requirements, to say nothing of tomorrow's needs," said Greg Girard, program director, IDC Retail Insights: Worldwide Omni-Channel Retail Analytics. "Assortment planning application vendors have redoubled their efforts of late and are bringing new capabilities to market," he continued.

Please Note: Extended description available upon request.

IDC Retail Insights Opinion
In This Study
The Approach
Situation Overview
Benefits Classes Addressed
Domains of Innovation
Benefit and Innovation Heat Map
Accelerating Pace of Innovation
Trends in Assortment Planning Development
Technology Innovations
Benefit Areas Addressed
Vendor Assortment Planning Innovation Profiles
Aptos (Formerly Known as Epicor)
Periscope, a McKinsey Solution
SAS Institute
TXT Retail
Future Outlook
Dawn of the Golden Era of Assortment Planning
The Wildcards of Next-Generation Assortment Planning
Executable Omni-Channel Customer-Centric Assortments
Highest and Best Use of Store Space
Drivers of Market Developments to Watch
Broad Emerging Trends
Market Dynamics
Essential Guidance
Actions to Consider
Learn More
Related Research
Table: Study Dimensions
Figure: Benefits Classes Addressed
Figure: Areas of Innovation
Figure: Assortment Planning Innovation and Benefit Heat Map (% of Innovations)
Figure: Assortment Planning Initiatives by Innovation Areas, 2013, 2014, and 1Q15
Figure: Assortment Planning Initiatives by Benefit Areas, 2013, 2014, and 1Q15
Figure: Vendor's Innovation Initiatives
Figure: Benefit Areas Addressed by Vendors

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