PRAIDICT USE CASE
ASSORTMENT AND PURCHASE PLANNING WITH PRAIDICT
THE CHALLENGE
THE ASSORTMENT IS ALWAYS TOO BIG OR TOO SMALL
For retailers, both purchasing and assortment planning are some of the key components that demand a significant amount of resources. Achieving the crucial objective of preventing overstocking and understocking is an immense challenge. The primary difficulties in this area include anticipating market demands, spotting seasonal fluctuations, and interpreting customer tastes. What level of demand can be expected and when? What preferences do customers have? The selection of inventory is complicated by the need to balance stocking expenses and maintaining competitiveness through optimal volumes and competitive pricing.
Unless we can properly quantify people’s demand by capturing and evaluating it in detail. This is where PRAIDICT comes into play.
ASSORTMENT PLANNING
COMMON PROBLEMS
- Overstock or understock
- High inventory costs
- Fierce competitive landscape and price pressure
ARE YOU READY TO TAKE IT TO THE NEXT LEVEL?
DATA-DRIVEN, MARKET-ORIENTED ASSORTMENT PLANNING WITH PRAIDICT
FEATURES
PRAIDICT PROVIDES ANSWERS
A product range planning strategy with PRAIDICT provides solutions to countless questions asked by entrepreneurs:
- Which products are in demand?
- How much are they in demand?
- Which products do I need to have in stock and when?
- What quantities do I need to have in stock?
- What quantities will be in demand in the next 24 months?
BENEFITS
PRAIDICT SOLVES PROBLEMS
What advantages can be gained through optimised assortment planning?
- Less overstock
- Less understock
- More competitiveness
- Increased customer satisfaction and loyalty
- Increased sales through customised products and services
- Increased efficiency in warehousing & logistics
- Lower costs in warehousing & logistics
- In a nutshell: Higher turnover, greater profi
