QuantiSense, the provider of retail analytics and decision orchestration solutions, has announced additional capabilities for localised assortment planning in the QuantiSense Decision Orchestration Platform With Q Localized Assortment, buyers and planners have an automated scoring machine that analyzes assortments and items, store by store, across a number of performance areas.
Today's retailers simply cannot afford slow turns, inventory imbalances and under-performing locations. Q Localized Assortment helps address these issues by augmenting existing planning and allocation systems and vastly improving the related pre-season and in-season assortment planning processes. These new capabilities provide the knowledge required to make significant improvements in assortment mix and balance, ultimately driving higher sales, margins and inventory productivity.
"QuantiSense provides a robust, flexible system that helps optimise our local merchandising assortments," said Dennis Hernreich, COO and CFO of Casual Male Retail Group. "Our buyers, allocators and planners can all make better informed decisions using the powerful analytics from QuantiSense," he continued.
With Q Localized Assortment, QuantiSense has elevated pre-season and in-season assortment planning and management. This new offering includes analytics that surpass traditional business intelligence tools, automatically tagging exceptions with the QuantiSense Retail Exception Engine and then recommending the appropriate action. Using Q Localized Assortment merchants now have the power to:
- Monitor store performance with automated store-level scoring on a weekly basis.
- Review detailed results assortment by assortment and store by store.
- Score your store inventory by a range of factors including size productivity, price and depth.
- Track sales, sell thru inventory and gross margin performance at store grade and region.
"Our solution gives buyers and planners the ability to constantly analyze mountains of data at a much deeper level – at the assortment and item view in each store," said Jeff Buck, CEO, QuantiSense, Inc. "By tailoring local assortments retailers are seeing a substantial payoff from increased sales," he continued.
Leading retailers outpace their competitors by using the QuantiSense solution as a comprehensive platform that helps orchestrate more profitable merchandising and store operations decisions. Unlike spreadsheets or traditional BI systems, the QuantiSense Decision Orchestration Platform provides executive dashboards and personalized Retail Scorebooks designed to deliver intuitive business graphics — via desktop or mobile access — that empower users to quickly identify trends and highlight problems, accelerating the decision making process. Then Retail Playbooks ensure consistent use of best practices for team members ranging from merchandising executives, buyers, allocators and planners to store operations. QuantiSense utilises a proven methodology and toolset that allows retailers to begin realizing value in as little as 60 days.