What is assortment plan in SAP CA-RT-AP - SAP Assortment Planning?

SAP Term: assortment plan

• Component: CA-RT-AP

• Component Name: SAP Assortment Planning

• Description: A proposed strategy that comprises the product mix to be sold in a group of locations over a specified period of time. The assortment plan includes accompanying key performance indicators KPIs such as expected sales volumes and purchase quantities.

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• Key Concepts: 
  SAP Assortment Planning (CA-RT-AP) is a tool that helps retailers optimize their product assortment. It enables retailers to plan and manage their product assortment in a more efficient and effective way. The tool provides insights into customer preferences, market trends, and competitor offerings, allowing retailers to make informed decisions about which products to include in their assortment. 
  
  How to use it: 
  SAP Assortment Planning can be used to create an assortment plan for a specific store or for multiple stores. The tool allows users to define the criteria for selecting products, such as customer preferences, market trends, and competitor offerings. Once the criteria are set, the tool will generate an assortment plan that can be used to optimize the product selection for each store. 
  
  Tips & Tricks: 
  When creating an assortment plan with SAP Assortment Planning, it is important to consider the customer’s needs and preferences. This will help ensure that the products selected are relevant and appealing to customers. Additionally, it is important to keep up with market trends and competitor offerings in order to stay competitive. 
  
  Related Information: 
  SAP Assortment Planning is part of the SAP Retail suite of solutions. It is designed to help retailers optimize their product selection and maximize sales. Other solutions in the suite include SAP Retail Pricing, SAP Retail Merchandising, and SAP Retail Analytics.