Leading or Lagging in Retail
Leading or Lagging in Retail: A Strategic Framework Guide for Category Management Teams
Blue Yonder
Floor Planning for Optimized Space Allocation
Blue Yonder’s Floor Planning tool, within the Category Management software suite, helps retailers maintain a consistent shopping experience across all locations, supporting efficient store operations and maximizing space utilization. With comprehensive analytical data, it allows retailers to understand traffic patterns and optimize store layouts to drive customer engagement and increase sales. Make the most of every square foot of their retail space!
Accelerate Your ROI
To maximize margins, companies must ensure the right product is on the right shelf at the right time and price. However, it’s equally crucial to fully exploit the profit potential of every square foot of retail space. Effective store floor planning drives the highest sales gains per selling area, enhancing inventory turnover and return on investment. Achieving this requires strategic and analytical tools and processes.
Floor Planning Benefits
Optimized Store-Specific Floor Plans: Easily create and maintain precise floor plans tailored to each store’s unique needs. This helps optimize the position, performance, and layout of merchandise categories, supporting top-down or bottom-up planning approaches.
Advanced Visualization Tools: Utilize three-dimensional walkthroughs of new, redesigned, or reset stores to ensure category adjacency rules support corporate initiatives. Quickly review floor plans across multiple fixtures for productivity and payback before store layouts or resets.
Comprehensive Analysis and Reporting: Track store space and layout relative to merchandise performance using advanced reporting and hotspot analysis tools. Conduct cross-category and multi-floor plan analyses to compare and improve selling-space effectiveness. List item
Enhanced Inventory Management: Optimize inventory by 60% and increase available profit by 20% by ensuring the right products are strategically placed to meet consumer demands efficiently.
Streamlined Processes: Integrate with Blue Yonder’s space planning capabilities to link store floors and fixture placement with product planograms. Navigate through a virtual store with realistic planograms and product images to verify category adjacencies and optimize selling space.
Increased Efficiency: Save significant resources by using advanced visualization functionality, reducing the need for physical prototypes and streamlining the design and implementation of each store’s plan.