24 October, 2024

Centric Planning Named in Gartner Market Guides for Retail Assortment— Long Life and Short Life Cycle Products

Centric Planning delivers market insights to improve assortment planning and accurate demand forecasting

CAMPBELL, Calif., October 25, 2024 – Centric Software® is pleased to announce that Centric Planning™ has been named a Recognized Vendor in Gartner’s 2024 Market Guides for Retail Assortment Management Applications—both the Long Life Cycle and Short Life Cycle product editions. Centric Software provides the most innovative enterprise solutions to plan, design, develop, source, buy, make, price, allocate, sell and replenish products such as fashion, luxury, footwear, outdoor, home and related goods like cosmetics & personal care as well as multi-category retail to achieve strategic and operational digital transformation goals.

Founded 40+ years ago, Gartner is a technological research and consulting firm offering ‘actionable, objective insight to executives and their teams. The expert guidance and tools enable faster, smarter decisions and stronger performance on an organization’s mission-critical priorities.’ Gartner has 20,000 employees and about 15,000 client enterprises in 90+ countries and territories.

Centric Planning empowers retailers with AI-driven assortment planning, strategy and management capabilities, utilizing advanced algorithms that continuously learn and adapt to provide highly accurate demand predictions. The platform’s flexible “headless assortment planning” approach allows for localized assortments without rigid location grading constraints, enabling retailers to tailor offerings to specific store characteristics, channels, and customer profiles. This adaptability is crucial for managing complex assortment strategies in today’s dynamic retail landscape.

The solution’s Assortment Planning and Strategy modules leverage data-driven optimization and advanced analytics to identify under and overperforming products. Retailers can implement a “Good-Better-Best” approach for assortment refinement based on past performance and future predictions. Visual planning tools like Centric Visual Boards™ facilitate interactive assortment balancing, while continuous optimization capabilities through real-time data analysis and automated product flagging ensure agility in decision-making.

Centric Planning gives retailers AI-driven forecasting, utilizing advanced algorithms that continuously learn and adapt to provide highly accurate demand predictions. Built-in machine learning works for products with strong seasonal variations, even during the early stages of the season. This helps brands, retailers and wholesalers to make smarter decisions on assortments. New AI basket analysis enables customers to understand sales correlations between products and adjust their assortment to better fulfil consumer needs in real time.

“We are delighted that Centric Planning has been recognized in Gartner’s Market Guides for Retail Assortment,” says Chris Groves, CEO of Centric Software. “It is an honor to be included and a testament to Centric’s continuous innovation and market-driven philosophy.”

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