Analytics as a Service
Markdown Optimization
Markdowns are one of the best tools to avoid losses and maximize profit in the retail business when products are near the end of their life cycle. By utilizing markdown strategies, retailers can clear unwanted stock and still make a profit from products with otherwise lower demand.
Markdown Optimization
Problems Solved
- Failure to meet seasonal revenue and margin targets.
- Low level of sell through (high level of leftover stock at the end of season)
- Time consuming when planning markdowns (having to pull data from various sources, spend time creating desired formulas/layout etc.)
- Lack of visibility on impacts of markdown decisions
- Restricted budgets
- Risk of being in a lengthy contract
- Attracting and retaining the right talent (data scientists)
Relevant Roles
- Pricing Analysts
- Planners
- Merchandisers
Markdown Optimization
Essential
from $5000/month
Essential Markdown Optimization for Retailers with smaller demands
Up to 200k item location count
Up to 10 possible price points
Up to 50k price recommendations per week
from $5k/month
Markdown Optimization
Advanced
from $10000/month
Up to 300k item location count
Up to 20 possible price points
Up to 100k price recommendations per week
from $10k/month
Markdown Optimization
Enterprise
Custom quote
Enterprise level Markdown Optimization for Retailers with substantial demands
Over 300k item location count
Over 20 possible price points
Over 100k price recommendations per week
Custom quote