Maximize profitability with AI-native retail assortment planning software. Align assortments with demand, accelerate inventory turns, and boost precision, efficiency, and growth across every store and channel.
AssortSmart, an AI-native assortment optimization tool, uses machine learning to deliver intelligent clustering, demand-based forecasting, and strategic product recommendations. It optimizes localized store and channel assortments by balancing depth and breadth. This leads to higher inventory turns, increased gross margins, and significant reductions in markdowns.
10%
Increase in Average Inventory Turn
5-10%
Average Increase in Gross Margin
80%
Reduction in Time Spent on Assortment Planning Process
This white paper explores how AI is transforming retail profitability through precise demand forecasting, smarter pricing strategies, and personalized customer experiences, driving significant profit gains and cost reductions.
AssortSmart empowers businesses with AI-native precision, automating complex merchandise assortment planning and enabling localized, demand-driven assortment planning in retail. By reducing manual effort and optimizing SKU selection, it enhances assortment planning, drives profitability, accelerates inventory turns, and minimizes markdowns—giving retailers the flexibility to adapt swiftly to market shifts.
ML-Driven Intelligent ClusteringGroup products based on demand signals, customer behavior, and location data to create hyper-localized assortments.
Optimize SKU Performance ContinuouslyLeverage AI to identify underperforming SKUs, reallocate inventory efficiently, and refine assortments dynamically for better profitability.
Reduce Stockouts & Overstock RisksPredict demand shifts with AI-native insights, minimizing lost sales and preventing excess inventory to maintain optimal stock levels.
Enhanced Visibility & ControlGain granular SKU-level visibility, track performance across planning levels, and manage budgets more effectively with real-time insights.
Built on AI-native intelligence, AssortSmart transforms product assortment planning by integrating machine learning, demand forecasting, and computer vision for seamless decision-making. From intelligent clustering to automated SKU rationalization, every feature is designed to optimize assortment depth and breadth, enhance assortment management, and ensure effective assortment through strategic planning while reducing inefficiencies.
Predict sales potential with machine learning, ensuring confident product launches and inventory allocation.
Optimize SKU selection using AI-native performance metrics, demand transfer insights, and sustainability scoring.
Determine the ideal number of choices per category, balancing customer preferences with inventory efficiency.
Automate attribute tagging and receive AI-powered recommendations to enhance assortment precision.
Assess current inventory levels, aging patterns, sales velocity, and historical performance across categories, channels, and locations. Identify gaps in existing assortment planning strategies for AI-native improvements.
Deploy machine learning models to optimize assortments at the category, geography, and channel level. Use intelligent clustering to localize selections based on demand and sales trends.
Track real-time customer demand, in-stock rates, sell-through performance, and markdown impact at a granular level. Continuously refine AI models for improved forecasting accuracy.
Implement AI-native assortment strategies across categories, train teams on data-backed decision-making, and set performance benchmarks. Leverage predictive analytics to prevent stockouts and overstocking.
Experience the power of AI-native assortment optimization. AssortSmart delivers expansive data access, predictive analytics, and actionable insights—optimizing assortment planning in retail to drive profitability.
Our solutions have been deployed across a range of industries, and we continue to expand our reach. Leverage our best-in-class merchandise assortment planning software to enhance assortment optimization, empower your planning team, better serve customers, and drive business growth.
AssortSmart enables retailers to create data-driven assortments tailored to local demand, optimizing assortment planning in retail to ensure the right product mix across stores and channels while reducing excess inventory.
Fashion retailers use AssortSmart to predict emerging trends, optimize size curves, and balance inventory across styles and locations, improving sell-through rates and customer engagement.
Electronics and appliance retailers use AssortSmart to match assortments with regional tech preferences, seasonal demand, and product lifecycle stages. The platform helps optimize inventory mix across SKUs, minimize stockouts of high-demand items, and reduce overstocks of slower-moving models.
Access invaluable information on the latest market trends, technology, and how your peers are solving major operational challenges using our BI in the retail industry. Stay ahead with data-driven insights and smarter decision-making.
Benefit from our end-to-end solutions at the outset or add more as you see the difference we make.
