Assortment Module

myEDITED: How Do I Read A Range Adjustment Opportunity?

 

Once your Opportunity has been processed and you click on it, you will land on the Opportunity summary page

 

On the summary page, products are bucketed into the following Opportunities: 

  • Introduce: products to consider adding to your assortment.
  • Repeat: products to consider repeating within your assortment.
  • Highlight: products to feature or consider for a visibility boost.
  • Avoid: products to consider avoiding in my assortment right now.
  • Reduce: products to consider for promotion, discount, moving to outlet or reducing stock commitment.

 

 

Each Opportunity action is organized into product groups. The example below shows the product groups you should consider introducing to your assortment. 

 

Each product group summary card includes:

  • A description of the key characteristics. 
  • A table outlining the number of products and the SKU Sellout % for the baseline retailer selected, Our products, and your competitors, Competitive products.
  • Preview images of the products in the group.

 

Depending on your filter set you may not generate product groups for all Opportunity actions. 

If you choose to rerun the Opportunity at a later date, these opportunity actions might populate as it is refreshed with new products. Or, you may want to broaden your filter set to increase the number of products in your Opportunity.

 

Complete the interactive tutorial below to learn how to navigate through the Assortment Opportunity summary page.

 

13 STEPS

1. This tutorial will teach you how to read and use the Opportunity - Range Adjustment summary page.

Step 1 image

2. This is a product group summary card within the Avoid Opportunity.

The number of summary cards for each Opportunity action will vary or be empty depending on the filters added.

Step 2 image

3. If you have more than two product groups you will see arrows at the top right corner of the page of each opportunity action to carousel through each summary card.

Step 3 image

4. Click the right arrow.

Step 4 image

5. Click the View all button to see all summary cards on one page.

Step 5 image

6. From this page you can view all product group summary cards within the Avoid Opportunity.

Step 6 image

7. Click Back to Assortment Opportunities to navigate back to your Opportunity summary page.

Step 7 image

8. Let's look at this summary card as an example.

Step 8 image

9. Each Product group card will start with a description of the key characteristics.

Step 9 image

10. This first row of the table shows the number of products that fall within this product group from the baseline retailer selected and the SKU Sellout %.

Step 10 image

11. This second row of the table shows the number of products that fall within this product group from the competitive retailer(s) selected and the SKU Sellout %.

Step 11 image

12. The images below are previews from the products in this group.

Step 12 image

13. You can see the total number of products across competitors and your own assortment in the bottom left of the summary card.

This tutorial is now complete.

Step 13 image

Here's an interactive tutorial

** Best experienced in Full Screen (click the icon in the top right corner before you begin) **

https://www.iorad.com/player/2521388/Assortment---Opportunities-Range-Adjustments---Summary-Cards

 

More Analysis

More analysis enables you to learn more about the products within the Opportunity and to further verify how you should act on the Opportunity

  • Click More analysis

 

 

  • You will arrive at the details page. From here you can view:
    • Product group average trends in a chart.
    • Associated terms in a word cloud.
    • A grid or list view of all products in the group.

 

This information is available for Our assortment, displaying the market data for your baseline retailer, and Competitive assortment, the retailers you chose to compare against.

 

Complete the interactive tutorial below to learn how to navigate through individual product group details pages.

 

29 STEPS

1. This tutorial will teach you how to use More Analysis to help you further verify how you should act on this Opportunity.

Step 1 image

2. Click More Analysis.

Step 2 image

3. You will arrive on the details page of this product group.

Step 3 image

4. The page will default to the Our Assortment view. The information you see here are the products from your selected baseline retailer that meet the criteria of this product group.

In this example it's faux leather and lace body con dresses.

Step 4 image

5. If no products match the criteria from the selected baseline retailer, this tab will be greyed out and you will be taken straight to the Competitive Assortment page.

Step 5 image

6. Click Competitive assortment.

Step 6 image

7. The information you see here are the products from your selected competitors that meet the criteria of this product group.

The chart types and functionality are the same as the Our assortment tab.

Step 7 image

8. The Product group summary is the same text on the summary card, a description of the key characteristics of the product group.

Step 8 image

9. The first chart on the left side of the details page is the Product group average trends chart and shows the 30 days of data analyzed to create the Opportunity.

This is particularly helpful to spot trend lines.

Step 9 image

10. Click the Metric dropdown.

Step 10 image

11. You will now see a selection of metrics that you can choose to visualize on this chart.

Your chart will default to SKU Sellout %.

Step 11 image

12. For this example, click Discount %.

Step 12 image

13. Hover over any point on the chart for the average on that specific day.

Step 13 image

14. This chart now shows that of the competitive assortment in this product group, 55.77% was the average discount % of options in stock on March 1st.

Step 14 image

15. If you need a metric definition, Hover on the metric label on the Y axis of the chart.

Step 15 image

16. Next on the details page is the Associated terms word cloud.

This surfaces the most commonly seen terms within the product name, brand and description fields.

The larger the word the more frequently the terms have been seen within these fields.

Step 16 image

17. Here we can see that Mini has been highlighted indicating this dress style is common for this product group.

Step 17 image

18. It's important to note that this word cloud shows the most common terms seen across products from our assortment and competitive assortment.

So that's products from the selected baseline retailer and competitor retailers.

Step 18 image

19. Further down the page are the individual products within the group.

You will see competitive product cards on the Competitive assortment tab and baseline retailer products on the Our assortment tab.

Step 19 image

20. Click the Sort by dropdown.

Step 20 image

21. This dropdown allows you to sort by a selection of metrics.

Step 21 image

22. Scroll down the sort list for more metrics.

Step 22 image

23. Whatever metric you select, you can order it from Low to high or High to low.

Step 23 image

24. Your products will default to product card view.

Step 24 image

25. Click the list icon to view products in a table.

Step 25 image

26. You will now see all your products in a table with all available product metrics.

This will give you a more in depth view of each product and its performance.

Step 26 image

27. Click Export data.

Step 27 image

28. If you are in the Competitive assortment tab, it will download the competitive products in this group as a CSV file straight to your computer. The same applies for the Our assortment tab.

The view you are in won't affect how the data is exported.

Step 28 image

29. Click Back to return to the Opportunity summary page.

This tutorial is now complete.

Step 29 image

Here's an interactive tutorial

** Best experienced in Full Screen (click the icon in the top right corner before you begin) **

https://www.iorad.com/player/2521450/Assortment---Opportunities-Range-Adjustment---More-Analysis