Software Tour - Markdowns
Optimal clearance of inventoryOptimized 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
Flexible data requirementsMarkdown 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 ModelingRevionics 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 MarkdownsUses 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 ResultsRevionics integrated reporting and analysis tool, Revionics Insight, provides retailers time-sensitive metrics on how their markdowns performed.
Comprehensive KPIs & Reporting
Improve pricing precision and increase sales, margins and customer loyalty by:
- Systematically executing competitive positions
- Exploiting local shopper behavior
- Executing relevant and profitable promotions
- Localizing markdowns