How to minimize the impact of returns on profitability
How retailers must develop processes to mitigate the impact in a world where returns are expected to continue to rise.
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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.
Pricing & Markdown CTA
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