Retail Assortment

Planning 2.0
MEGAN KELLER
Objective
• Learn how to optimally align inventory and buy decisions with
customer demand using our Assortment Planning module.
CONTENTS PAGE

1. SPI Buyer Overview

2. Screen Concepts

3. Assortment Planning Process

4. Size & Pack Optimization

5. Benefits

6. What’s New?
SPI Buyer
Assortment Planning
SPI Retail Suite

Purchasing

Allocation
 Assortment Planning

What Why How

• The process to • Increase sales • Recommends

determine what and margin depth & breadth
and how much • Improve inventory • Identify store level
should be carried productivity selling patterns
in a merchandise • Customer • Flexible product &
category. satisfaction location attribute
management
Key Features
Embedded Flexible Plan
Quick/Efficient
Analytics Parameters

OTB
Pivot Grid Sophisticated
reconciliation to
Functionality Algorithms
financial targets

Tailor with
product & Size & Pack Integration to
location Optimization ERP
attributes
Screen Concepts
1. Analytics Engine
2. Pivot Grid Control
3. Single screen philosophy
 Assortment Planning Process

1) Identify
2) Identify 3. Create
Plan 4. Evaluate 5. Execute
Targets Assortment
Parameters
Plan Creation
• Choose a template

• Time Periods:
• Date Range
• Fiscal Calendar

• Periods By:
• Month
• Week
• Day
Dimension/Measure Wizard
• Define additional dimensions &
measures for plan
• Type: Level, Attribute, Measure
• Target or Assortment
• Source/Validation
• Field Type
• Dynamic/Flexible
 Assortment Planning Process

1. Identify
2. Identify 3. Create
Plan 4. Evaluation 5. Execute
Targets Assortment
Parameters
Targets Tab
• Define financial targets for assortment plan
• Import or enter financial data
• Expand to period & store level
Planning Drill Down
• Used in both Target &
Assortment Tabs
• Define spread by:
• Period
• Store
• Color
• Size
• Load & Save Curves
• Dynamically split & apply % to
anything in plan levels
 Assortment Planning Process

1. Identify
2. Identify 3. Create
Plan 4. Evaluation 5. Execute
Targets Assortment
Parameters
 Assortment Tab
• Enter desired items or use ‘Assortment Optimizer’ to create wedge
• Drill down to color & size
• Product Attributes
• Assign Images
• Item Create
• PO Create
 Assortment Optimizer

• Automated generation of
detail assortment
• Predicts Depth & Breadth
demand by location
• Multiple algorithm options
• Pack, Min, Max
• Allows for ‘what if’ scenarios
 Assortment Planning Process

1. Identify
2. Identify 3. Create
Plan 4. Evaluation 5. Execute
Targets Assortment
Parameters
Evaluate Assortment

• Pivot Grid Control

• Location & Product Attributes
Combined View

• Analyze plan data at desired level, period or store in plan

LY Data

• Pulls in LY data specifically related to merchandise level &

timeframe of plan
 Sizing
• Size selling can vary greatly
within a single department
• Apply Store/Size curves to
optimize quantities
• Reduce stock-outs and end of
season markdowns due to size
Optimize Packs
• Pack Optimization- optimize
vendor defined packs
• Pack Recommender-
construct your own optimal
pack quantities

• Packs Only
• Packs & Pieces
 Assortment Planning Process

1. Identify
2. Identify 3. Create
Plan 4. Evaluation 5. Execute
Targets Assortment
Parameters
Execute Purchase Order

• Export to Excel
• PO Upload to:
• Purchasing Module
• Customer System
Benefits
• Create assortments that meet
both plan financial targets and
localized demand
• Link to performance data
• Timesaver!
• Create Templates off existing
plans
• Item create functionality
• Export plan directly to PO
What’s New?
• Keep the user in a single screen
• Excel like interface
• Improved Assortment Optimizer
• Editable Plan Templates
• Easily add new levels or
measures to plan
• Combined View Tab
• LY Data Tab
Contact Me

• Megan Keller
Email: megan.keller@spi.com
Phone: 484-716-5606
Enter to Win
• Please submit your session
evaluation using your smart
phone, tablet or PC at
http://www.spiconference.com/
2016evaluation

• Submit six or more session

evaluations to be eligible for a
$100 AmEx gift card drawing