Wiser’s Assortment feature makes it possible for retailers to stay up to date on the competitive landscape by monitoring competitors’ assortment of products. Learning about products that your competitors choose to stock helps you improve your own inventory. If there are products that your competitors carry that you don’t, that is area that you should focus on. Search on the brand and product level to figure out where you need to step up your inventory game.
There are three steps to assessing your inventory against competitors’:
- Choose a competitor
- See which of your products overlap
- See where you have gaps in your assortment