Opportunity

• Industry research and client experience shows that anywhere from 50-70% of a typical product assortment turns less than one unit per store per month.
• These slow moving items are often the result of duplication, item proliferation, poorly planned, or simply outdated assortments.
• Industry consolidation and centralization activities often result in new or inexperienced managers struggling to maintain optimal category assortments.
• Retailers need to eliminate unproductive items, reinvesting these unproductive inventory dollars generating a superior ROI.

TPG Solution

• TPG’s Category Assortment Planning methodology provides a best practice approach for managing assortment in a highly efficient and productive manner. It is a process for optimizing assortments utilizing the industry accepted Efficient Assortment Planning Best Practices.

Outcomes & Benefits

• New, more relevant product mix for a retailer’s categories on both a macro and “neighborhood” level.
• An implementation plan, financial benchmarking, scorecard diagnostics and failed item exit strategy.
• Client results and industry research indicate an improved consumer perception of variety with less inventory and better in-stock conditions.
• Creates a point of differentiation from both traditional and non-traditional competition.
• Clients experience a 15-20% reduction in items with sales gains of 2–5% by category.