Maximize Sell-Through and Cash Flow
Optimize Markdowns with Data-driven Insights
When it comes to seasonal goods, underperforming items, or products nearing the end of their lifecycle, leveraging a scientific markdown and clearance process can help recover lost inventory value. However, determining the right timing and discount level has always been challenging.
Meet both internal business rules and shopper expectations by aligning your pricing across channels and throughout the product lifecycle.
By utilizing data-driven insights, you can make informed decisions on when and how much to markdown. Balancing cash flow considerations and maximizing profitability becomes easier, ensuring you don't settle for small gains when bigger opportunities await.
- Embrace a reliable, evidence-based approach powered by advanced Machine Learning within our price optimization solution.
- Effectively achieve department and category objectives by setting clear “guardrails” for margin, sell-through, markdown budget, and competitive price index across channels.
- Accurately determine the ideal timing and extent of markdowns and clearances, maximizing their effectiveness.
With CLEARDEMAND‘s flexible and scalable markdown solution, you can seamlessly implement and manage detailed markdown programs throughout all lifecycle phases, including Introduction, In-season, and Clearance.
- Track and differentiate opportunities to maximize overall benefits.
- Model store-SKU elasticity throughout the product lifecycle, and define more precise and localized strategies across categories, departments, stores, store clusters, banners, or chains.
- Apply a global markdown constraint that consolidates budget targets for everyday permanent markdowns, discontinued items, and point-of-sale (POS) markdowns. This feature allows you to set and manage budget targets on a daily, weekly, monthly, and quarterly basis.
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