A planogram is a critical retail tool used to plan and manage product location, facings, and allotment within a retail store. Artificial Intelligence (AI) algorithms are engineered to identify and address multiple complexities of varied intensities like adjacencies, differing light intensities, various facings of products, and multiple facets of the SKUs. retail chains including, Walmart, Costco, and Target, use planograms in merchandising to create consistency between store locations, improve visual appeal and product pairing. They are essential tools for retail category. From tools based on image processing that ensure shelf planogram compliance, to computer vision & deep learning-based scanning solutions. Planograms are visual representations of how products should be displayed and arranged on shelves, racks, or other fixtures in retail stores. OSP provide expert insight, resource and ongoing support for retailers like. The planogram compliance monitoring solutions are also spread across a wide spectrum. A retail store planogram that communicates cleanly across devices and store data will increase productivity and allow for heavier focus on positive customer experiences.
It started from 2D & 3D virtual designs to a data-driven shelf product placement optimization, to artificial intelligence produced planogram designs. Planogram planning, designing & monitoring has evolved over the years with the single objective of obtaining better, sharper, and quicker results.
To paint a more synergistic picture, RIS News reported that poor retail execution & a lack of planogram compliance can lead to sales loss of $1M to $30M per retailer in the US market. Analyze integrated data to enhance retail operations, optimize store performances, and plan for your next merchandising cycle.
Planogram Compliance: Extrapolating The Past, Enhancing The Contemporary & Crafting The Future.Īccording to The National Association of Retail Marketing, planograms, on average, go out of compliance at a rate of 10% per week.
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