How can Luminate Clearance Price help my business?

In competitive electronics, fashion and grocery sectors, bargain shoppers with endless options seek the best possible prices. To maximize profits and reduce costly waste, you need a powerful markdown pricing solution that goes beyond rule-based pricing to deliver data-driven, continuously optimized prices at the finest levels of granularity.  Luminate Clearance Price, part of the JDA Luminate™ family, delivers with precision using artificial intelligence (AI) and machine learning (ML).

Features

  • Profit-driven markdown management to clear stock at the end of the season or product life cycle
  • Determines price elasticity based on current and historical data
  • Considers cost of price changes so each change yields a net profit increase
  • Accounts for competitive prices, substitution and cannibalization effects

Benefits

  • Increase revenue and margins with better pricing
  • Lower inventory costs by clearing stock levels by end of markdown
  • Reduce return rates with more competitive pricing
  • Optimize prices for normal seasonal sales and product clearance
  • Save time and price management and pricing resources

Find out how Luminate Clearance Price can help you

Expert advice, extended product information, and so much more. Contact one of our highly trained representatives today.

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