In electronic commerce (ecommerce) terminology, assortment intelligence refers to a set of tools and software used to help online retailers track a competitor's inventory and product supply. The software, in real-time, uses artificial intelligence, data-mining, and image-recognition algorithms allowing retailers to view, compare and analyze the differences between inventory.
Assortment intelligence reporting tools can then help a retailer determine what products competitors have -- and do well on -- and decide if they should add these products to an existing catalog.
Compare with Assortment Optimization
Assortment intelligence may also be referred to as assortment optimization; however, the focus of optimization is to ensure a retailer finds the optimal set of products to be carried and the correct levels of inventory for each product.
Also see competitive price intelligence.
Featured Partners Sponsored
- Increase worker productivity, enhance data security, and enjoy greater energy savings. Find out how. Download the “Ultimate Desktop Simplicity Kit” now.»
- Find out which 10 hardware additions will help you maintain excellent service and outstanding security for you and your customers. »
- Server virtualization is growing in popularity, but the technology for securing it lags. To protect your virtual network.»
- Before you implement a private cloud, find out what you need to know about automated delivery, virtual sprawl, and more. »