For a retail store, there are many ways to experience excess inventory. When that happens, it is important to find a way to resolve or reduce it from becoming dead stock. To avoid this, a planogram software would help figure out excess inventory causes, including low-demand items with fewer sales.
2. What is Stock Replenishment?
Stock replenishment ensures that the retail shelves are stocked
with the right products at the right time with optimum quantity.
It is important that the store shelves are stocked with enough
products to meet customer's needs and demands.
3. How Planogram is Helpful in Stock
Replenishment?
Planogram would help figure
out the over and under stock
causes and improve customer
experience by ensuring that
products are more readily
available on retail shelves.
It includes proper inventory
management, category
proportions and management
and report analysis with retail
data that improves retail
sales.
4. What are
the
Planogram
Tips to
Limit Out of
Stock?
Prompt understanding of store layout
Ensure right category-wise space allocation
Display products based on display hierarchy
Build and implement data-driven planograms
5. Prompt Understanding of
Store Layout
Floor planning aids retailers in calculating the
necessary space needed for each category and
correct product range required for the store.
This helps to entice customers and improves
retail sales.
6. Ensure Right Category-Wise Space
Allocation
Planogram days of supply helps to ensure that the right products are
available at the right time.
It provides insight about the particular time frame based on customers
demand with the data reports and helps to autofill the shelves.
7. Display Products Based on Display Hierarchy & Build and
Implement Data-Driven Planograms
A well-structured consumer decision tree helps to allow space
planners to identify that allow-demand items, over and under
stock issues of the store shelves.
It helps retailers to allocate the store’s shelf space to products
with the sales data and visually display products on shelves to
maximize sales and efficiency.
8. Use Nexgen POG to improve retail store
performance.
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