2/28/2023 0 Comments Supermind coSupermind, seasons can be managed separately, and seasonal products can be automatically removed from the selections during the off-season. Many products are seasonal, so their demand or availability varies according to the time of year. Read more: Life-cycle management Seasonal inventory management Life-cycle management also includes the decision to remove a product from the selection (product discontinuations), the planning of controlled phase-out, and planning the sell-off of remaining stocks of discontinued products. The decisions on the start, length and end of the assortment period are part of life-cycle management. Supermind’s ABC/XYZ segmentation algorithm is arguably the most versatile on the market. SUPERMIND analyzes and groups items based on sales margins, turnover, predictability, sales volumes, and even the number of customers. The results of ABC/XYZ analysis can be used to support assortment decisions. Correspondingly, relocations, changes in store displays, or any other decision can mean a change in the store’s assortment. There is often a need to change the scope of the product assortment, for example, due to changes in demand. In addition, you have to decide when the assortment period starts, and whether the product will be available temporarily or indefinitely. When you decide to include a product in your selection, you have to determine the scope of the assortment: whether the product will only be available in the online store, in the shelf selection of a limited number of stores, or in the order selection – or perhaps in all of these. Assortment data can also be imported from an existing ERP or POS system. Supermind contains versatile tools that can be used to manage various changes to the assortments or product life cycle. Making changes to the assortments is easy and efficient when you have all the relevant information in one place. For example, the balance coverage figure tells you directly how many stores currently have a certain product in stock. The system displays various business figures, such as profit margins, turnover, the combined stock balance and inventory values of all stores, balance and assortment coverage, etc. Ability to manage store and product assortments in one place.Automatic calculation of business figures and categories to support assortment decisions.Any store can be linked to one or more assortments, and any assortment can be linked to one or more stores. In SUPERMIND, the assortment is managed by linking the assortments of products and locations (e.g. Handling all this requires a user-friendly system. It involves making decisions and managing product life cycles, product data, customer requests, and store locations, among other things. Assortment management is one of the most important aspects of any retail or wholesale business.
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