How Retailers Benefit from AI Powered Planograms?
Artificial intelligence (AI) is gaining immense popularity in the retail sector because of its proven ability to generate a substantial return on investment. Apart from that, retailers also use the power of AI to analyze consumer needs and spending capacity, control inventory, improve returns and take better decisions. In a nutshell, AI is the perfect match for retail.
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Reasons for Shifting Trend Towards Store Specific Planograms
Traditionally, retail stores dealing with simple product categories or similar assortments were given the same planograms. However, these planograms failed to show variation in actual sales from store to store and the facings of each item are largely influenced by the average unit rate of sale. Generic planograms are created based on the assumption that the demands of each store are the same. This one size fits all approach can cause problems at store levels, resulting in improper execution of m...
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| Categories: | Tags: store-specific planograms, store planograms, planogram for retail store | View Count: (133) |
Why Planogram Research is Critical for Planogram Success?
Planograms are an integral part of any retail store. In simple words, these are visual merchandising tools that contain detailed drawings of the store layout, that guide retailers in deciding what, where and how products should be placed on shelves. A well-designed planogram can improve sales, minimize overall costs and provide pleasant shopping experiences to customers.
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Why Planogram Automation is Critical in Retail?
Ever since the beginning, planograms have been a crucial factor in retail sales strategy. However, compared to traditional planogramming approach, retailers are now moving towards automated planograms that help save time, cost and of course effort.
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How Does a Planogram Help in Overall Cost Reduction?
Planograms are diagrammatic representations of the store layout that assist retailers in deciding a store’s merchandise display strategy. It shows where and how products should be placed for better product visibility and sales. A well-designed planogram is proven to increase revenue, improve customer’s shopping experience and reduce overall costs. Given below are the cost saving benefits of planogram.
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How Does Planogram Improve Efficiency of Store Staff?
Planograms are visual merchandising tools that contain detailed drawings of the store layout. They help retailers in developing and executing store specific merchandising strategies. The goal of any planogram software is to make sure that the right product is available in the right location and time for increased product visibility and buy-ins. So, what is the role of planogram in increasing store staff efficiency? Read on to find out.
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| Categories: | Tags: staff efficiency, improve staff efficiency, improve staff productivity, staff productivity measures, planogram | View Count: (332) |
How to Boost Festive Sales Using Planograms?
In this blog we will be discussing how retailers can use planograms to make the most of their festive sales. Planogram software are a real gift to retailers. These visual merchandising tools accurately predict where and how a product should be placed to increase product visibility and sales. A well-designed planogram benefits retailer in multiple ways- better shelf space planning, reduced out-of-stocks, timely product replenishments, effective communication among team members and improved shoppi...
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| Categories: | Tags: Boost your sales, how to boost your sales during festive season, boost your sales during festive season | View Count: (331) |
How Planograms Influence Consumer Behavior?
In simple words, consumer behavior refers to the process of understanding how customers behave while deciding to buy a product that satisfies their needs. There are a number of questions that a retailer focuses on, to understand customer’s buying patterns. By answering the above questions, retailers are in a better position to offer customers the right products at the right place and time. This is where planogram comes to play. Planograms are visual merchandising tools with diagrammatic represe...
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| Categories: | Tags: Customer behavior, Customer behavior pattern, customer buying behavior, consumer buying behavior, planogram | View Count: (940) |
Planograms to Ensure Optimum Levels of Days Of Supply
In simple words, Days Of Supply can be understood as the number of days a product is expected to last before it is restocked. It is often evaluated against a monthly or quarterly time frame. A proper understanding of movement of stock on shelves is crucial for retail success. Not only does it help in pleasing customers, it also helps retailers understand how many days the current stock will last based on sales data and customer demand. So, what can retailers do to ensure optimum levels of Days O...
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How Planograms Ensure an Amazing Shopping Experience for Customers?
Today, consumers have more options and places to shop than ever. With increasing competition among bands, companies try to innovate and differentiate themselves by delivering consumer-oriented campaigns and experiences that prompt target audience to choose a particular store over others. Customer experience is defined as “the customer’s perceptions and related feelings caused by the one-off and cumulative effect of interactions with a supplier’s employees, systems, channels or products.” ...
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| Categories: | Tags: planogram, shopping experience, customer experience, customer journey, customer decision journey | View Count: (538) |
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