Optimize Assortments

Alignment of assortment strategies with the needs and business goals of each category - then selection or elimination of specific products. Including execution and evaluation of this assortment strategy.
 

This Improvement Concept focuses on : understanding the role of the category within the retailer or manufacturer's portfolio; ensuring the assortment reflects the retailer and manufacturer strategy, eliminating poorly performing Stock Keeping Units (SKUs), improving the shelf presentation of each category	While retailers and manufacturers can do much to optimize their assortment alone, true assortment optimization often requires a free flow of information between trading partners. Joint assortment management may be of higher importance within complex categories. The scorecard asks companies to consider both their internal and joint processes.