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Showing posts with the label app for planogram checks

Lost Sales are Just the Tip of the Iceberg in Out-of-Stocks

"Out-of-stock" is a dreaded term in retail. When there is no stock of a certain product, there can be no sales of such product, so out-of-stock means lost revenue. Period. The customer that didn't find their favored product in stock at a certain location might even be lost forever, since the absence of that product could mean settling for - and then liking - available alternatives. In summary, out-of-stocks mean more than lost sales, they can mean losing customers due to poor reputation and brand loyalty. Therefore, consumer product goods (CPG) and fast moving consumer goods (FMCG) companies have systems in place in order to prevent frequent out-of-stocks. One such system involves having merchandising teams going to each and every store where their products are sold in order to verify the quantities still available and request more product if necessary. Field merchandising software has revolutionized how out-of-stocks are handled. Before, companies had to rely on...

How to Deal with the Challenge of Poor Planogram Compliance

Poor planogram compliance is a known issue in retail. According to the ISI Sharegroup , it is estimated that the total cost to the U.S. retail RCP industry of poor planogram compliance (actual and opportunity costs) is approximately 1% of gross product sales. Planogram compliance, however, is not something that is accomplished in an office by the merchandising strategy team. The adherence to a category's or product's retail merchandising standards must be verified at every single recurring visit performed at each point-of-sale by every single field rep. A retail planogram app for compliance checks is the ideal tool for verifying adherence to merchandising standards. By having a retail planogram app for compliance checks on their smartphones and tablets, field reps can have access to the merchandising schematics for each store they visit, making sure that the products are displayed according to plan. By implementing a retail planogram app for compliance checks, merchand...