What is core assortment in SAP IS-R - SAP for Retail?

SAP Term: core assortment

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail The basic groups of articles and items at a store or group of stores.

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• Key Concepts: 
  Core assortment is a term used in the IS-R SAP for Retail component. It refers to the selection of items that are essential to a store’s inventory and are regularly stocked. Core assortment items are typically the most popular items in a store and are the ones that customers expect to find when they visit. 
  
  How to use it: 
  The core assortment is used to help retailers manage their inventory more efficiently. By focusing on stocking the most popular items, retailers can ensure that they have enough of the items that customers want while avoiding overstocking items that may not sell as well. The core assortment also helps retailers identify which items should be given priority when ordering new stock. 
  
  Tips & Tricks: 
  When creating a core assortment, it is important to consider customer demand and preferences. Retailers should also keep an eye on trends and adjust their core assortment accordingly. Additionally, retailers should review their core assortment regularly to ensure that it is up-to-date and relevant. 
  
  Related Information: 
  The core assortment is just one part of managing inventory with IS-R SAP for Retail. Other features include inventory forecasting, stock optimization, and automated replenishment. Additionally, IS-R SAP for Retail can be used to track sales data and analyze customer behavior.