Analytics as a Service
Table of Contents
- 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)
When it comes to markdowns, one of the hardest decisions is the question when to mark down, and by what percentage? Our Markdown Profit Maximizer Solution can support businesses to make informed decisions based on highly accurate demand predictions in relation to price changes.
By utilizing a new, radical approach to calculating markdowns, which was conceived and developed by our team from the ground up, we can predict the optimal markdown dates and percentages that yield the best possible results in sales and profitability, with very high accuracy. Our solution uses future demand, that was forecast using historical data and pricing plans, generating results on an item/location level. Even more, if you do not already have a forecasting solution, you can utilize our very own, as they integrate seamlessly.
By using our unique approach and calculation methods, our solution is fast and cost effective, therefore, besides the obvious benefits, it can be utilized to generate predictions frequently, reacting to the fluctuations of the market with lightning speed. Choosing our solution enables maximized profitability and optimized inventory level, while increasing retailers’ agility to face the constantly evolving consumer demands and eco-system. Make the most out of your merchandise and get ahead of the competition today!
Discover the power of Analytics as a Service in retail and how it unlocks data-driven success and empowers decision-making.
Optimize profits and inventory with our revolutionary Markdown Profit Maximizer Solution. Make informed decisions for optimal results!
Navigate uncertainty with confidence! Discover how our Demand Forecasting solution tackles the modern day challenges.
Discover the latest trends in demand forecasting and their potential impact on the future of businesses and how big companies use them.
Accurately predicting demand is crucial for retailers. In this blog post, we explore the consequences of inaccurate demand forecasting, the benefits of accurate forecasting, and the importance of using a demand forecast service.
Through a real-life example we have shown, how choosing our markdown solution can maximize profit and clear unwanted stock.