Revionics Customers Include

Software Tour - Markdowns

Optimal clearance of inventory

Optimized markdown pricing by Revionics removes the guesswork of how deep and when to take a markdown to achieve your financial or inventory objectives. Retailers can set their Markdown objectives to optimize by profit, or by inventory reduction, enter the date parameters, and let the system recommend the best sequence of markdown steps to achieve their goals.

Increase sell-through & margin
The system turns unwanted inventory into cash by improving sell-through rates and squeezing additional margin out of products identified for markdown or clearance.

Use Markdown optimization for a variety of reasons

  • Seasonal products – Clear inventory at the end of a season or holiday (Pool Toys, Halloween Candy, Christmas Decorations).
  • Assortment changes – Markdown products that have been discontinued or are no longer carried by the retailer.
  • Date sensitive products – Ensure perishable products or date-sensitive products are cleared by their expiration date. Reduce shrink in the process.
  • Store closings – Retailers can ensure they are not leaving money on the table when closing a store or a category.
  • Forward buys – Take advantage of vendor price incentives to buy in bulk, while ensuring the product is cleared in the timeline desired.

Flexible data requirements

Markdown optimization can be performed with either perpetual inventory data feeds, or alternately a beginning inventory count supplemented by sales data.

Markdown Planning Includes On-Demand Modeling

Revionics Markdown features a variety of planning tools enabling retailers to plan and model markdown scenarios, real time.  Add or remove stores, change product associations,  or adjust inventory levels to see how different scenarios forecast. 

Localize your Markdowns

Uses item-store demand to predict inventory depletion as a function of time and price.   The system can predict consumer-level demand before the markdown begins, then adjusts proactively as new inventory depletion information is received. This on-the-fly adjustment ensures the system is responsive to the most granular of levels.

Measures Results

Revionics integrated reporting and analysis tool, Revionics Insight, provides retailers time-sensitive metrics on how their markdowns performed.

Comprehensive KPIs & Reporting

  • Turn-key executive dashboards and detailed performance reports.
  • Drill down from the enterprise down to the item/store level to view trends, ranking, and performance metrics.
  • Compare future and historical markdowns by date, type, and version.
  • Export, graph, email, and share reports with your colleagues.

Revionics Customers Tout Results

raleys

Reinventing Loyalty

Read this Progressive Grocer article about how Raley's is using Revionics® Social Commerce to grow advocates, traffic and loyalty.

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Family Dollar thrives in a tough, competitive industry segment

Read in NRF's STORES magazine how Family Dollar improves profits and loyalty by leveraging Revionics® Price Optimization.

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Price Optimization 3.0

Learn how Big Y is using Revionics® Price Optimization to achieve category and pricing team objectives in this Progressive Grocer article.

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Featured Webinars

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From Food to Fashion - Maximizing Markdown Effectiveness

This webinar presents RSR's most recent benchmarks and case studies of impressive results from applying optimization to better understand local shopper behavior and inventory depletion rates for the best markdown decisions.

Click here to view the Webinar

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Compete More Profitably with Strategic Pricing

Revionics and Profitero discuss how retailers can make faster, more profitable pricing decisions by systematically operationalising the use of online competitor data in pricing strategy.

Click here to view the US webinar and click here to view the EMEA Webinar.

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Thought Leadership

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Maximizing Return on Store Space with Optimization

How space and underlying assortment optimization helps retailers strategically transform store space in response to changing market conditions.

Download White Paper

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Pricing in a Multichannel World: The new role of key value items

Explores three topics: the traditional approaches to KVIs, how multichannel dynamics change the game, and key implications for a multichannel KVI approach.

Download White Paper

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