A Powerful Markdown Pricing Solution

Maximize profits, reduce costly waste, and deliver data-driven, continuously optimized prices at the finest levels of granularity.  Increase gross sales up to 4.7% and decrease markdown spending by up to 12% with Luminate Clearance Price. This powerful markdown pricing solution uses artificial intelligence (AI) and machine learning (ML) from Blue Yonder.

Features

  • Clear stock at the end of the season or product life cycle with profit-driven markdown management
  • 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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