Markdown Optimization Short Life Products

 

Profitably Clear Inventory and Achieve Sell-Through Goals for Seasonal or Fashion Merchandise

Retailers place major bets several times a year on collections, styles or trends. Yet, no matter how good the planning is, there will be unexpected disruptions in the business. Quality issues, late shipments, unexpected weather, currency fluctuations and omni-channel consumer journeys all disrupt the plan. In the end, markdowns are the best method to recoup capital, achieve sell-through and drive margins – but the historical methods created for yesterday’s retail are not adequate for today.

Revionics® Markdown Optimization – Short Life Products minimizes the effect of disruptions by enabling retailers to profitably clear their inventory and achieve their sell through goals. With a process tailored for seasonal or fashion merchandise, this product proactively identifies candidates and suggests marks and cadence at the channel, zone or store.

As part of the Revionics® Markdown Suite, Revionics Markdown Optimization – Short Life Products works with Revionics® Markdown Management – Short Life Products to deliver a comprehensive markdown solution that maximizes return on inventory, margins and sell-through.

Why Revionics Markdown Optimization – Short Life Products?

  • Leverages attributes or product hierarchy for understanding new items
  • Incorporates promotions in plans and forecasts
  • Accounts for future distribution center allocations if retailer is unable to provide
  • Measure ongoing effectiveness and adapt to trends on-the-fly

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 – Short 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 goals and targets
  • Leverage automatically suggested item candidates and marks
  • Constrain to a time-bound fiscal budget
  • Drive more granular and profitable decisions
  • Evaluate tradeoffs and prioritize investments
  • Measure ongoing effectiveness and adapt to trends on-the-fly

 

Markdown Optimization – Short 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 – Short Life Products enable you to drive markdown performance and competitive advantage.

  • Maximize sell-through or profit
  • Respond strategically and quickly to current conditions
  • Meet financial plans and targets
  • Keep assortments fresh and relevant

 

 


Revionics® Markdown Suite effectively manages the complexities and volumes of even the largest retailers and maximizes retailer return on inventory, margins and sell-through.