Why is on shelf availability important?

Why is on shelf availability important?

Monitoring and optimising retail availability is essential for improving the in-store experience and keeping waste to a minimum and improving your bottom line. Reliable on-shelf availability is one of the main growth drivers throughout the CPG sector, so ignoring it simply isn’t an option.

What are SEL’s in retail?

Shelf Edge Label
SEL – Shelf Edge Label These are the small pricing labels on the edge of the shelf below the product.

What is POG retail?

POG stands for “planograms.” This visual retail merchandising tool helps retailers optimize the placement of products on their shelves. The ideal value of planograms is planning how to effectively use the physical space at your disposal, steer your shoppers, and ultimately increase customer purchases.

What is SEL and POS?

POS means Point Of Sale, aka the cash register system. SEL means Shelf Edge Label, so they no longer have to put a price tag on each product.

What is shelf availability?

1. One of important metric every retailer’s performance is measured is using On Shelf Availability (OSA). OSA is defined as availability of product for sale to a shopper, in the place he expects it and at the time he wants to buy it. It is impacted by a host of different factors, all along the supply chain.

How can I increase shelf availability?

On Shelf Availability

  1. Reduce out-of-stock by easily identifying potential issues such as phantom inventory1 and distribution voids and quickly resolving them.
  2. Reduce costs from overstocking.
  3. Improve your overall margins.

What is gondola end?

A gondola end is a merchandise display on a shelving unit at the end of an aisle in a retail store and is often thought of as a secondary site to sell products. The gondola end is used for temporary product placement during a promotional period. Increases sales in retail.

What does shelf pack mean?

Shelf-ready packaging refers to boxes and cartons delivered to the retailer already optimized for easy identification, stocking, and shopping.

Why is it called Gondola shelving?

What’s in a Name? While it’s unclear if gondola shelving borrows its name from the flat-bottomed boats that have populated the Venice canals as far back as the 11th century, it’s a good bet, considering the similarities between the long, flat planes of the shelving and the bottom of these Venetian boats.

How is on shelf availability measured?

By its implementation, the OOS rate is calculated as the number of times the consumer does not find the item on the shelf divided into the sum of the times the consumer find the item plus the number of times the consumer does not find it (Gruen & Corsten, 2007).

What is on shelf customer availability?

WHAT IS ON-SHELF AVAILABILITY? On-Shelf Availability is the measure of a product being available for sale to a shopper, in the place he expects it and at the time he wants to buy it.

What is on-shelf availability?

On-shelf availability, or OSA, relates to the old supply chain adage of getting the right product in the right place at the right time.

What is shelf availability (OSA)?

On -Shelf Availability (OSA) is the measure of the amount of products available in saleable condition to a customer, at the place h e expects and at the time he wants to buy the product. On average, retailers spend 5% of sales on logistics.

What is on-shelf availability and inventory management?

Efficient management of on-shelf availability and inventory is a key issue to achieve customer satisfaction and reduce the risk of profit loss for both retailers and manufacturers. Conventional store audits based on physical inspection of shelves are labor-intensive and do not provide reliable assessment.

What are some of the best books on improving shelf availability?

“Improving On – Shelf Availability”, [White paper] SymphonyIRIGroup, 2012. Berger Strategy Consultants and ECR Europe, 2006. Technovation, Vol. 27, No. 5, 2007, pp. 268-279. Journal of UbiComp (IJU), Vol 1, Num 1, January 2010. Solutions”, RFI D Journal, 2011. Intelligent Information Management, 2012, 4, 407-414. JournalVolume 4, Number 1.