What are schematic diagrams that illustrate product placement on sales floors called?

The correct term for schematic diagrams that illustrate product placement on sales floors is planograms. Planograms serve as visual guides for retailers to optimize product presentation and maximize sales potential. They detail where products should be placed in relation to one another, as well as the layout of the shelves or display units, to create an appealing shopping experience and encourage customer purchases. This strategic arrangement takes into account factors such as product visibility, ease of access, and the likelihood of cross-merchandising, all of which are critical to effective retail merchandising.

In contrast, floor plans, while they do detail the layout of the store, are broader and do not typically provide the specific product placement guidance that planograms do. Point-of-sale systems refer to the technology used for sales transactions and do not relate to product placement. Inventory layouts pertain to how stock is organized within a storage area, which is different from the merchandising focus of planograms. Thus, planograms are specifically designed for visual merchandising strategy, making them the accurate answer to the question.