Press release
Sales of Merchandise Assortment Management Applications to Witness a Decline By the End of 2025
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The purpose behind the introduction of Merchandise Assortment Management Applications is to assist the retailers to understand the customers need and to take particular actions to meet the same. The application generally links the customer buying and assortment decisions to manage the merchandise priorities, the monetary targets and space limitation. This helps in understanding the buyer’s choice of items, a brief to help integrate the performance according to the merchandise plans, identifying the future planning criteria, comparing the actual performance with the standards and in-season and out-season forecast for maximum customer response.
Merchandise Assortment Management Applications Market: Drivers and Challenges
One of the major drivers is the increase in the number of retailers and customer’s demands. The other main reason is the increase in the use of cloud, big data, advanced analytics and algorithmic approaches to improve retail performance.The major challenge is the never ending technology to track the specific solution and establishing planning is going to be difficult day by day. Moreover, the customers are always unpredictable.
Presently, North America, Western Europe, and Asia/Pacific are leading the market due to growing one demand from Tier 1 retailers (well know retailers in their field or market). Moreover, on the basis of geography, the Merchandise Assortment Management Applications market is segmented into North America, Europe, Middle East and Africa, Asia-Pacific and Latin America.
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Key Market Players:
Some of the key players in Merchandise Assortment Management Applications includes SAS Institute Inc., JDA Software Group, Inc., TXT e-solutions S.p.A., Oracle, JustEnough, Island Pacific, Infor, 7thonline. Inc., Logility and The Nielsen Company (US), LLC.
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