Designed For Category leaders, Replenishment and Assortment teams, Seek's Shelf Capacity insight provides visibility into store-level inventory and shelf space utilization.
The ultimate goal of Seek's Shelf Capacity insight is to optimize store shelves for increased sales by maximizing the amount of inventory that can be displayed while maintaining a balanced assortment of products.
Developed by industry experts, this insight surfaces product recommendations based on market supply and demand, enabling you to stock the right products in the right quantities.
- Topline callouts for Total Stores you are in, an average of available quantity on hand in stores, and average shelf capacity (average shelf space available in units).
- Topline callouts for Percent of shelf space used (Percentage of shelf space stocked out of 100%), Percent Unfilled Shelf Space (Percent of shelf space “open” out of 100%), and the total dollars missed due to out-of-stocks in millions. Quickly see if you need to reduce out-of-stocks by ensuring that the right amount of inventory is displayed on store shelves.
- Geographic Bubble Map showcasing the Shelf Capacity Type (Item/Store level attribution based on shelf capacity information (low, medium, high)) indicated by the bubble color and the Sum of POS Sales indicated by the bubble size.
- Aggregated Bar Chart showing the total number of stores in each Supply and Capacity type. For both Supply and Capacity, we look at three categories (high, average, and low). In the above example, we can see that the two highest values are at full capacity, which is good. However, we still see that 114 stores are in the low capacity category. By maximizing the amount of inventory that can be displayed on store shelves, businesses can reduce the need for frequent restocking. This can help to minimize restocking costs and improve supply chain efficiency.
- Aggregated bar chart showing the total number of stores by Action. In our shelf capacity analysis, we look at 5 key actions:
- Consider Facing Increase
- Increase Facings
- Restock and Increase Facings
- Maintain inventory levels
- In the above example, we can see that only 8 stores are maintaining levels, whereas the rest are either considering or increasing facings and restocking inventory.
- Granular Table view of the Store and Item level data for Shelf Capacity and Out-Of-Stock Insights. Drill into each indicator above at the store and item level to see where items are out of stock, oversupplied, and total missed dollars from an item at individual store locations. The overall shelf capacity dashboard leverages this dataset and can be used to help businesses optimize facings or planograms to ensure that products are displayed in the most efficient and effective way possible.