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Component: CA-RT-AP
Component Name: SAP Assortment Planning
Description: The variety of different single products and generic products that a retailer decides to carry. During assortment planning, retailers determine the assortment breadth horizontal and the assortment depth vertical for the upcoming season based on their overall business strategy and considering consumer purchasing history across product categories and selling locations.
Key Concepts: SAP Assortment Planning is a component of the SAP Retail suite that helps retailers manage their product assortment. Assortment breadth is the number of different product categories that a retailer offers. It is an important factor in determining the success of a retailer, as it affects the customer’s shopping experience and the retailer’s ability to meet customer needs. How to use it: SAP Assortment Planning helps retailers manage their assortment breadth by providing tools to analyze customer demand and identify opportunities for expanding or reducing the number of product categories offered. It also provides tools to optimize the assortment mix, ensuring that the right products are available in the right quantities at the right time. Tips & Tricks: When managing assortment breadth, it is important to consider both customer demand and competitive pressures. It is also important to ensure that the assortment mix is optimized for maximum profitability. Related Information: SAP Assortment Planning is part of SAP’s Retail suite, which also includes SAP Merchandise Management, SAP Promotion Management, and SAP Price Management. These components work together to provide retailers with a comprehensive solution for managing their product assortment.