This month, we’re diving into a new set of essential terms that every space planning professional should know. From managing out-of-stocks to leveraging phygital convergence and optimizing pick-to-light systems, these definitions will help you stay ahead in the ever-evolving retail landscape. Let’s explore these key concepts and enhance your understanding of Category Management.
- Out of Stocks: Refers to when a product is unavailable on the shelf.
- Overhang: The distance that products can hang over the sides of a fixture.
- Overlap: Where products overlap or hang on a fixture.
- Pegboard: A vertical board with regularly spaced holes for attaching pegs that display hanging products on a gondola.
- Phygital Convergence: Combining the physical and digital realms offers enormous innovation, efficiency, and customer engagement potential. Digitized touchpoints, IoT inventory management, and augmented reality are transforming retail.
- Pick-to-Light (PTL): An order picking technology for warehouses, distribution centers, and retail stores that utilizes lights and LEDs on racks or shelves to indicate pick locations and guide order pickers through their work.
- Plano: The term French-Canadians use to describe a planogram.
- Planogram (POG): A visual representation of the fixture layout that aids communication, planning and replenishment of products in store. It shows the position of every product within a fixture, shelf heights, length of fixture and fixture adjacencies.
- Planogram Generator (PG): Blue Yonder Planogram Generator creates consistent, data-driven planograms based on defined financial metrics across regional, cluster, or store levels.
- PogCloud: A Cantactix cloud-based application that helps manufacturers and retailers save significant time when managing, comparing, editing, and collaborating on planograms.
- Point of Distribution (POD): Physical location where consumers purchase products, like store shelves. Efficient management is essential for timely delivery and optimizing supply chain efficiency.
- Point of Sale (POS): Location, physical or virtual, where sales transactions occur. POS data informs decisions on product assortment, pricing, and marketing.
- Portable Document Format (PDF): A file format used to present and exchange documents reliably, independent of software, hardware, or operating systems.
- Position: A specific unique location on a planogram where a product can be placed.
- Pretty Darn Quick (PDQ): A type of retail display unit designed to attract shoppers and encourage impulse purchases, often placed strategically for increased visibility.
- Process Automation: Category leaders are automating hundreds or thousands of store-specific planograms to improve the speed, consistency, and repeatability you want for building planograms and floor plans. Learn more here.
- Process Management Data (PMD): Data related to the management and optimization of business processes.
- Product Assortment: Assortment of products for a planogram.
- Product Image Capture: Photo recognition is being used to track inventory in real-time and improve omnichannel fulfillment insights into inventory and customer behavior. SKU-level insights can be delivered using product images captured by field teams or robots.
- Product Placement: Placement of a product.
- Product Range: Another term for a product assortment.
- Production Environment (PROD): The environment where the final version of a software application or system is deployed and used.
- Prototype Floorplans: Fully fixtured layouts for accurate reporting and strategic decision-making. Prototype Floorplans group your stores based on common traits like square footage, volume, store type, product tier, or climate.
- Quality Assurance or Quality Control (QA): The process of ensuring that products or services meet specified standards and requirements.
- Quality Control (QC): The process of checking and verifying the quality of products or services.
That wraps up our July edition of the Category Management Glossary Series! We hope these terms help you better navigate the complexities of the retail and supply chain landscape. Stay tuned for our next segment as we continue to unpack more essential CatMan jargon. Don’t want to wait? Download the complete CatMan Glossary Ebook now and have all the terms at your fingertips. Keep learning and stay ahead in the game!