Top Retail Assortment Management Solutions Companies - retail-assortment-management Companies

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Enhancing Pos Experience For Employee and Customer is The Key to Success

Top 10 Retail Assortment Management Solutions Companies - 2022

With digital transformation accelerating in the retail industry, shoppers are becoming less hands-on and more tech-enabled. As such, brick-and-mortar and ecommerce stores alike are adopting novel retail assortment technologies as part of their merchandising initiatives to boost productivity and profits.

 According to a report by Research and Markets, retail sales in the U.S. reached $3,818.8 billion in 2018 and is projected to grow to $4,475 by 2023, at a CAGR of 3.2 percent.

At the core of this growth is a gamut of disruptive tech trends, fundamentally changing retail assortment management for the better.

AI is making deeper inroads into the retail assortment management space, allowing retailers to rapidly improve efficiencies. Personalization is creating a huge impact on assortment management. By understanding customer preferences, needs, and buying habits, retailers can plan their inventory and display products such that they can allow buyers to find the right products they want, creating an enhanced user experience.

Advancements in AI and automation technology equip product managers with relevant data to build data-driven assortment strategies and attract buyers. Retailers are also using predictive analytics to guess customers’ next buy, stock up on relevant products, and craft better assortment strategies. With this, they can prevent losses and increase profits.

This edition of Retail Tech Insights delivers a bird’s-eye view of the recent developments in the retail assortment management arena and insights into how companies are aligning with these trends to transform legacy practices.

We have curated thought leadership articles from industry experts, including the Vice President, Retail, Restaurant & Hospitality, AT&T Business; the Director, IT Production Support, Harbor Freight Tools; and the Director of IT - Commerce Applications and ECommerce, Kelly-Moore Paints. We also took a deep dive into the market trends to narrow down the list of companies delivering robust retail assortment management solutions. Equipped with innovative technological capabilities, the enlisted solution providers, such as Retail Space Solutions and S5 Stratos, help transform businesses at the cloverleaf of various disruptive technologies.

We hope this edition of Retail Tech Insights on retail assortment management helps you build the partnership you and your organization need to foster an environment driven by efficient technology. Let us know your thoughts!

    Top Retail Assortment Management Solutions Companies

  • Owned by one of Berkshire Hathaway’s portfolio companies called Marmon Holdings, Retail Space Solutions is a part of their Retail Solutions Group that includes several companies that supply solutions for the retail industry. Retail Space Solutions essentially invented and commercialized push merchandising in the U.S. with the introduction of its SpaceGrid I product in 1999 and later the SpaceGrid II in 2009

    retailspacesolutions.com

  • S5 Stratos

    S5 Stratos

    S5 are industry experts with decades of expertise directing successful transformative Supply Chain and Merchandising initiatives. They understand the problems of the current retail environment. They have utilized this insight to build holistic solutions created from the ground up to answer the industry’s modern issues

  • 42 Technologies

    42 Technologies

    42 is a retail-specific end-to-end data omnichannel analytics and reporting platform. Retail professionals combine raw data sources. Executives, merchandisers, buyers, and sellers may use 42 to gain clear insights into expanding their business using big data, including over 100 custom-built retail indicators

  • ciVALUE

    ciVALUE

    ciValue powers engagements that matter for retailers, brands and their customers with a unique self-serve collaboration platform. ciValue aims to transform highfrequency retail business for retailers, brands, and customers. We create simple, intuitive solutions that leverage cuttingedge technology and powerful data science to help users put their customers at the center

  • First Insight

    First Insight

    First Insight is the global leader in integrating predictive analytics into first-party voice-of-customer data to support smarter business choices. First Insight transformed the retail business over a decade ago by developing a technique for properly anticipating new product success

  • HIVERY

    HIVERY

    HIVERY is a multi-award-winning hyper local retailing pioneer that provides AI-driven retail strategy optimization and simulation solutions to many big retail and CPG customers in North America. With new algorithms derived from Australia’s national research agency, CSIRO’s Data61, HIVERY is redefining category management, automatic retailing, and trade promotion

  • Logility

    Logility

    Logility is the supply chain pioneer trusted by the world’s most recognizable brands to offer a digital, sustainable supply chain that fuels resilient organizations. The Logility® Digital Supply Chain Platform helps businesses to capitalize on new possibilities, perceive and adapt to changing market dynamics, and manage complex global supply chains more profitably

  • o9 Solutions

    o9 Solutions

    The o9 platform helps merchants migrate from a traditional operating model to a digital one, allowing them to swiftly assess, optimize, and evaluate complicated decisions before acting. Its objective is to give a game-changing planning platform to global enterprises to revolutionize their supply chain, commercial, finance, and sustainability decision-making

  • RELEX Solutions

    RELEX Solutions

    Relex is the premier supply chain and retail planning platform on the market. They assist retailers and consumer brands unify their planning processes, from demand and goods through supply chain and operations, to maximize customer happiness while minimizing operational costs

  • Toolio

    Toolio

    Toolio automates crucial merchandising procedures, delivers real-time analytics, and allows for cloud-based collaboration. They enable the team to make quicker, data-driven choices about their most valuable (and costly) asset: inventory. They collect their data, automate these operations, and deliver meaningful insights to help business design future assortment

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