Intelligent Store Optimization™
Galleria's Macro Space Solution Solution Provides Fast, Seamless Optimisation of Store Specific Space
The optimization of category space within stores has historically been done by “finger in the air” judgement of how much space a particular department should be allocated. This approach inevitably leads to poor decisions which mean the categories in store may fall short of their potential.
Intelligent Store Optimization™ provides sophisticated modelling and analysis of the retailer’s chain and every product within it to determine the optimal configuration of space for each product group in each store. This modelling is facilitated using sophisticated forecasting algorithms and a branched combinatorial optimization algorithm to determine the optimal configuration of those forecasts in terms of space in store.
Intelligent Store Optimization™ brings together the disciplines of micro level product inventory requirements at the store, zone, aisle or shelf level with the macro level optimization of floor space allowing for the fast and seamless optimisation of category space for each store and has the ability to utilize multiple data sources including historical POS, forecast and rest of market.
Intelligent Store Optimization™ can easily highlight stores, departments and categories which are over/under performing across the cluster or entire chain against their peers. Further analysis shows those categories across the cluster or chains which have the most propensity for improvement against their existing space and highlight store which are over/under performing across the cluster or entire chain.
Reporting tools examine demographic, census or other store attributes i.e. Store characteristics, competitor proximity, cluster, apply and report category attributes such as role (destination, profit driver etc). Any gaps between the store specific departments (via audit) and those within the standard model/format can also be quickly identified, seeking out opportunities that can maximise store performance within the existing store space. The solutions can also be used to generate scenarios and ‘what if’ analysis to provide a quick, visual analysis of various situations.
Galleria Intelligent Store Optimization™ has been designed to be easy to use. The highly visual interface allows seamless switching between underlying information and recommendations. The innovative view mode allows the user to see key information represented in a variety of ways.