Markdown Suite. Craft meaningful markdowns that maximize return on inventory, margins and sell-through.

Transcription

1 Markdown Suite Craft meaningful markdowns that maximize return on inventory, margins and sell-through.

2 Give Your Customers Value. Not Discounts. Localized assortments, complex shopping journeys, ongoing new product introductions, and constant markdown events are the new retail reality. And while better planning and supply chain execution can help manage risk, there will always be unexpected disruptions. Quality issues, late shipments, unexpected weather and other factors throw plans off track. The result is an unbalanced mix of merchandise and varying store and channel inventory levels within the enterprise. Markdowns represent an essential component of a retailer s pricing strategy and brand communication. But simply cutting prices as a policy kills your margins and brand reputation. Yet many retailers are doing just that by executing across-the-board enterprise markdowns that hemorrhage profit and ignore customer signals. Winning retailers respond to shopper desires while incorporating their business strategies into markdown plans that perform. They are crafting meaningful, profitable markdowns that resonate with customers using strategic markdown management and optimization. Maximize Return on Inventory, Margins and Sell-Through Revionics Markdown Suite effectively manages the complexities and volumes of the largest retailers for all types of merchandise. Whether for fashion and seasonal merchandise or for grocery or replenished hard goods, this Suite supports those distinctive workflows on a single analytical platform. 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 vendor funds and promotions into markdown plans and forecast Leverage responsive, intelligent markdown recommendations that drive profit Revionics Markdown Suite is part of a unified pricing platform that also includes Revionics Price Suite and Revionics Promotion Suite. Visibility across pricing, promotions and markdowns prevents unnecessary marks, fosters clear customer communication and avoids downstream price collisions.

3 Fall in Love: A Markdown Solution Made for You Do More with More With Revionics Markdown Management retailers can effectively and quickly create, simulate and forecast marks and cadence. Unchained from manual spreadsheets and systems, this solution empowers your people to manage markdowns at the enterprise, channel, zone, or location level and compare multiple outcomes before making a final decision. These simulations take in outside factors, including vendor funds, promotions, price changes, as well as any future stock allocations. With workflows tailored for the category management process as well as to clear seasonal or fashion merchandise, retailers can gain the best insights and efficiently manage their markdowns to meet their inventory and profit goals. Make the Best Decisions for Your Strategies and Goals Revionics Markdown Optimization enables retailers to be responsive to current conditions, customers and trends while minimizing the effect of disruptions and the occasional bad buy. Incorporating strategies, data, forecasting and science into the process-driven workflow, retailers can profitably clear inventory, achieve sell-through goals and improve customer relationships. Always Learning, Always Current. While evaluating all historical data, Revionics solutions give more relevance to the latest. Revionics models are self-learning, and the science can automatically infer new item demand from similar attributes or product hierarchy. This ensures relevant, current recommendations, which drive year-over-year benefits. Slow Movers. For slow selling items, Revionics Markdown Optimization uses aggregated demand models, mitigating the inaccuracy of individual SKU/store models for those items. Continuously Evaluating. It is difficult for users to know if a markdown should be taken or if it should continue to sell at regular price. As often as every day, the solution reevaluates if, when, how deep and how many markdowns should be taken. If it isn't needed, it won't be taken. Budgets. Finally, many seasonal or fashion departments have a designated markdown budget. Therefore, the solution can constrain the markdown plan to a time-bound fiscal budget. Additionally, the solution ranks markdown opportunities, allowing you to choose the most beneficial markdowns to execute.

4 Drive Performance and Competitive Edge with Revionics Markdown Suite Drive 11-20% sales growth and 5-10% gross margin increase Strategically deliver the right price, at the right time, in the right location Efficiently manage markdowns aligned to inventory and profit goals 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

5 Revionics Markdown Suite enables retailers to maximize return on inventory, margins and sell-through with: Revionics Markdown Management Long Life Products Revionics Markdown Management Short Life Products Revionics Markdown Optimization Long Life Products

6 Unmatched Solutions with Undeniable Results for Responsive Merchandising Revionics enables performance-driven retailers to create a sustainable competitive advantage and undeniable ROI in today s new retail reality. Our proven, industry-leading SaaS-based pricing, promotion, markdown, space, assortment, and competitive intelligence data and insight solutions offer the speed, intuition, transparency and scale that you need to achieve a responsive merchandising model in an era when business strategy intersects with data science. Profitably respond to customer signals everywhere in the shopping journey. Learn why 40,000+ retail sites around the globe optimize with Revionics. revionics.com