Space Suite Right-size your store space, identify assortment opportunities and unlock each channel s and each store s unique revenue and profit potential.
Maximize Space and Assortment with Every Input Today s shoppers are not bound by geography and have access to unlimited assortments. Yet the store is still growing in importance in fulfilling the shopping experience, and customers are still influenced by the assortment that each retailer carries. As assortment, space and price all influence shoppers purchasing decisions, winning retailers are distinguishing themselves by connecting their strategies in these essential areas. As a result, there are seemingly endless aisles and deep assortments online while the layout of the physical store is changing. Stores are smaller and more localized to reflect the community and connect with the shopper. They have new formats, new layouts, and categories are reset more often to keep up with the latest trends. While all of these factors increase space management demands, space planners are still equipped with tools based on yesterday s assumptions and realities that require large teams and long execution lead times. They use historical 52-week averages with manual what-if ing to guess at future space needs and cannot create store-specific space allocations. These manually intensive solutions are inefficient, and decisions should not rely solely on history. And while stores can be similar to each other, it is only when the individual local refinements are incorporated that space performance can be maximized. Connecting Strategies, Space, Assortment and Performance Revionics Space Suite enables you to right-size your store space, identify assortment opportunities, and unlock each channel s and each store s unique revenue and profit potential. By monitoring competitive assortment and stock levels, you know when potential assortment opportunities arise and can identify any assortment gaps. Storespecific space allocations in conjunction with store and category opportunity rankings allow retailers to intelligently allocate labor budgets, lower inventory costs and achieve the greatest return on space, fast. Enhance the shopper in-store experience Compare and rank across stores Align individual store s space to demographics and market conditions Identify market opportunities by monitoring competitive assortment coverage Revionics Space Suite enables retailers to right-size their store space and unlock each store s unique revenue and profit potential with: Revionics Macro Space Optimization Revionics Competitive Assortment Data Revionics Competitive Assortment Insights
Top-Down, Bottom-Up Optimization to Right-Size Store Space At the foundation of Revionics Space Suite is Revionics Macro Space Optimization. This powerful solution optimizes any area in a matter of seconds an entire store, single section or category, or anything in between. It intelligently allocates the right amount of space to ensure that your desired product mix is successfully executed within your stores. The solution makes your existing floor planning system smarter by overlaying science and lifting the manual burden from your space planning team for more productive employees. Revionics Macro Space Optimization s science-based algorithms can receive and optimize your current floor plans. Driven by category strategies and financial objectives, it uses each store s performance data and leverages current or proposed assortments, product dimensions, historical micro-space allocations as well as other demand influencers such as loyalty and market basket insights. From this, it creates store-specific space allocations which can then can be brought back into your floor planning tool. It also prepares you to seize new market opportunities by simultaneously optimizing multiple alternative strategies along with your current strategy. The solution enables you to make the best strategic decision by highlighting those stores, departments, categories or aisles that will have the greatest financial impact. Thus, you prioritize more effectively and achieve your return faster. Competitive Intelligence for Smarter Assortment Decisions Revionics Space Suite also delivers accurate online competitive intelligence data to support more responsive, precise assortment decisions. Our Revionics Competitive Assortment Data and Insight solutions ensure that you have the best information to drive your assortment strategies. Unique, proprietary algorithms accurately collect and monitor competitor products in real time as they come in and out of the assortment, enabling quick and actionable assortment insights. Customizable dashboards provide you with greater visibility into competitive assortment activity. With real-time insight into competitors assortments helping to identify any coverage gaps, you minimize the possibility of any missed revenue opportunities. Use this valuable information to make purchasing and assortment decision adjustments, such as carrying a new product, or adjusting pricing in response to a competitor s out-of-stock status or your own exclusive provider status on another product.
Drive performance and competitive edge with Space Suite Convert under-utilized space and maximize ROI Drive higher return on labor Save time and resources, eliminating back-andforth what-if activity and guesswork Understand, monitor and proactively respond to competitors online assortments
Revionics is a global leader in profit optimization services and solutions. Our unparalleled analytics and science serve as the backbone of omni-channel retailing to help performance-driven retailers execute profitable pricing, promotion, markdown, and space decisions with predictable business outcomes. The result: achieve speed to value and ROI, improve margins, drive top-line sales and respond faster with precision. Revionics SaaS-based model integrates analytics, technology and services to deliver an unmatched advantage for retailers Competitive Insights, Price Suite, Promotion Suite, Markdown Suite, and Space and Assortment Suite all from a predictive platform to drive long-term growth. Trusted by some of the most profitable retail brands, Revionics optimizes across 18+ million products and more than 2.6 billion item/store combinations are modeled weekly. Learn more at www.revionics.com.