Markdown Optimization Long Life Products
Drive the Best Clearance Rates at the Highest Margins for Long Life Merchandise
Consumers demand more and can shop almost anywhere. As a result, all retailers are being challenged on having a targeted assortment, fresh merchandise and delivering an optimal experience. Consequently, the number of markdown events is increasing, as is their complexity. Retailers are under immense pressure to maximize their return on inventory, minimize markdown loss, exit product at specified dates, and manage price and inventory across a multitude of different stores and channels. Unfortunately, retailers are guessing at the right discount and timing; thus losing out on significant financial benefit.
Revionics® Markdown Optimization - Long Life Products enables retailers to clear products while maximizing their profit and inventory goals. With a workflow tailored for category management processes, marks and cadence recommendations can be at the channel, zone, or localized at the store level to drive the best clearance rates at the highest margins.
As part of the Revionics® Markdown Suite, Revionics Markdown Optimization – Long Life Products works with Revionics® Markdown Management – Long Life Products to deliver a comprehensive markdown solution that maximizes retailer return on inventory, margins and sell-through.
Why Revionics Markdown Optimization – Long Life Products?
- Optimize markdown timing, cadence and depth
- Incorporate promotions and vendor deals into plans and forecasts
- Account for future distribution center allocations if retailer is unable to provide
- Leverage aggregate demand models on slow-moving merchandise
- Dynamically cluster locations as needed
Key Solution Features
To execute markdowns more strategically, retailers must respond to the current conditions, current inventory levels and current customer behavior. Revionics® Markdown Optimization – Long Life Products enables you to make the best decision for your strategies and goals.
Revionics best-in-class capabilities enable you to:
- Set strategy to meet profit or inventory targets
- Enable more granular and profitable decisions
- Incorporate consumer, local and channel demand
- Evaluate tradeoffs and prioritize investments
- Measure ongoing effectiveness and adapt to trends on-the-fly
Markdown Optimization – Long Life Products Benefits
Revionics enables performance-driven retailers to create a sustainable competitive advantage and undeniable ROI in today’s new retail reality. Our proven SaaS-based markdown solutions offer the speed, intuition, transparency and scale that retailers need to achieve a responsive merchandising model in an era when business strategy intersects with data science.
Revionics® Markdown Optimization – Long Life Products enables you to drive the best clearance rates at the highest margins for long life merchandise. Drive markdown performance and competitive advantage.
- 11-20% sales increase and 5-10% gross margin gains
- Drive strategic objectives for profit, inventory clearance and exit-dates
- Improve productivity
- Meet financial plans and targets
Revionics® Markdown Suite effectively manages the complexities and volumes of even the largest retailers and maximizes retailer return on inventory, margins and sell-through.