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Pricing & Markdown Optimization

OUR APPROACH

Leveraging data science is key to mastering price optimization as it provides teams with forecasts and scenarios far more accurately and efficiently than humans can. Planning and commercial teams who are assisted by these optimized prices and automated insights will always outperform un-aided humans. 

BENEFITS OF A DATA SCIENCE-LED APPROACH

Optimized prices based on your product, sales, and customer behavior data

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Faster forecasts and more accurate scenarios across Pricing & Promotion

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Up to a 15% increase in profit per Markdown event

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Up to a 70% reduction in time spent planning promotions and markdown

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Achieve optimal sell-through rates

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OUR AREAS OF EXPERTISE 

Optimizing markdown prices using proprietary machine learning models

We have developed our own science engine that allows us to provide a tailor-made approach that assesses client product and customer demand profiles. A more tailored approach will drive greater results!

Providing optimal base prices for driving profit

By leveraging the power of data science capabilities, we can help you define the optimal prices to achieve incremental sales, volume and profit.

Applying our combined expertise in retail and change management

Fundamental change requires expert guidance. With our wealth of industry knowledge and experience in leading change management projects, you can rely on us to support you as your business adapts.

Defining a strategy that will meet your business goals and capabilities

In order to implement change successfully, you need a clear plan that outlines your goals and what is needed to achieve them. These objectives must be realistic and align with your business capabilities.

RELATED INSIGHTS

Let's work together!

We are here to assist. Contact us by phone, email or via our social media channels.