Odyssey Consulting Group announced the release of WarRoom, the third solution of Odyssey product line created to automate the assortment management process
Gartner research has shown a growing demand for technology in the assortment planning application segment. By 2021, 70% of the world's major multichannel retailers will use assortment management systems. The report also shows that CIOs and technical experts at retailers understand the importance of applying deep data analytics, sophisticated algorithms, Big Data and Cloud technologies to improve retail operations, including assortment policy execution. Odyssey WarRoom.Assortment is a solution that allows to automate key assortment management processes: to enter and exit assortment items, control logistics operations depending on assortment lifecycle stages and stocks during markdown strategy implementation, analyze sales at different levels in the context of product categories, formats, brands, destinations, groups etc. With Odyssey WarRoom.Assortment one can perform mass assortment creation in the context of sales channels, perform categorization of stores and goods, manage assortment at the level of product characteristics and store attributes.
Assortment policy is based on a lot of data: depending on the state of supply and demand, market trends, finding the optimal product units for niches, based on the characteristics of each individual store. In order to take all these conditions into account, companies need a convenient solution for flexible and operative management. That is why we have created for our customers Odyssey WarRoom.Assortment that together with other tools will help to establish better relationships with existing customers, find new customers and improve business processes
The product offered by Odyssey Consulting Group suits retail chains of different segments of the retail market: Food, Electronic & Digital, Beauty, DIY, and others. The solution also provides the ability of centralized assortment management for holding structures with several companies and developed multi-channel sales strategy. The system allows large retailers to divide their stores into different categories: from the format (e.g., hypermarket, supermarket, convenience stores) to individual parameters of specific points of sale (such as floor space, number of cash registers or refrigeration units). You can set these values on a per-date basis, rebuilding the channel categorization in advance, supporting changes in the company's business processes without time delays and storing the channel transformation history for later in-depth analytics. With Odyssey WarRom.Assortment, you can maintain assortment logs, manage the base at the Product/Product Category level, capture assortment start and end dates, and import data from Excel. The assortment status list and assortment matrix visualize the information in a user-friendly way. And control of the movement of goods is carried out at the stages of procurement, shipments, returns, movements, inventory, etc.
Today, companies choose their format of assortment management IT solutions based on their business needs and financial capabilities. One option is to invest in an ERP system. But the results of assortment planning can often be affected by deficiencies in the collection of raw data, the limited functionality of software modules, and the complexity of forecasting algorithms. For a more sophisticated assortment management, we need well-thought-out specialized solutions, which are exemplified by Odyssey WarRoom.Assortment
Odyssey WarRoom is a line of products designed to provide competitive advantages to retail companies in terms of assortment management, pricing, interaction with manufacturers, and centralized acquiring management.
