Combine Data, Rules, Science and Strategy for Profitable Markdowns
Shifting consumer demand, continued price sensitivity, and omni-channel pressures have created an environment where unproductive inventory is now a more painful issue than out of stocks. Yet many retailers still execute across-the-board enterprise markdowns that are often ‘too much too soon’ or ‘too little too late’ and hemorrhage margins and do not achieve desired financial objectives.
The Revionics® Markdown Suite effectively manages the complexities and volumes of the largest retailers and maximizes retailer return on inventory, margins and sell-through. Whether in fashion where new merchandise is continuously introduced and cleared, or for category managers where assortments are adjusted and categories are periodically reset, this suite supports both processes on a single analytical platform.
Align inventory clearance with business and financial objectives with the ability to:
- Select the right items, at the right time, at the right discount, in the right channel/store
- Localize markdowns at any level – enterprise, channel, zones or location
- Simulate, forecast and compare various markdown/clearance options
- Accurately forecast on financial targets and consumer demand
- Incorporate promotions into markdown plans and forecast
- Measure ongoing effectiveness and adapt to trends on-the-fly
- Ensure year-over-year business benefits with SaaS-based platform and self-learning models that never go stale
Drive markdown performance and sustainable competitive advantage with:
Revionics® Markdown Management – Long Life Products: Efficiently manage markdowns that meet inventory and profit goals within a workflow tailored for category management processes.
Revionics® Markdown Management – Short Life Products: Quickly and profitably manage markdowns to clear seasonal or fashion merchandise.
Revionics® Markdown Optimization – Long Life Products: Drive the best clearance rates at the highest margins with workflow tailored for category management processes.
Revionics® Markdown Optimization – Short Life Products: Profitably clear inventory and achieve sell-through goals leveraging a process tailored for seasonal or fashion merchandise.
Revionics® Markdown Suite effectively manages the complexities and volumes of even the largest retailers and maximizes retailer return on inventory, margins and sell-through.