MarkdownEdge
Make smarter markdown decisions and maximise the return on your stock investment.
Introducing MarkdownEdge
In Retail, it is tough to improve the bottom line.
But retailers can be giving away 5-10% more margin than necessary during clearance sales. Making sure you sell enough without discounting more heavily than you need to is complex.
That’s where we can help.
Through a combination of advanced analytics and pricing advice, we can provide you with the best discounting recommendations (both pricing and timing), so you can optimise each markdown and maximise the return on your stock investment.
MarkdownEdge delivers results¹
increase in cash gross margin
in benefits delivered to our clients
time savings for team
Benefits
Increase profitability
Through improved balance between terminal stock and margin
Improve processes
Reduced margin leakage through improved and consistent processes and controls
Improve forecasting
With improved markdown planning and budgeting, you're able to quantify and forecast the impacts of price changes to the business
Save time
Analyses the numbers for you and provides reliable price recommendations
Return to full price sales
Increased store space and reduced cannibalisation of full priced sales
Supported by advanced analytics
Pricing recommendations are driven by advanced analytical models which are constantly tuned and updated by pricing experts
Opens in new window
Key features
Our service includes a software tool, hosted by Deloitte and accessed by Merchandisers through their web-browser. It contains multiple features to meet our clients' diverse business requirements.
- Store / cluster level recommendations
- Multi-country / currency support
- Multi-channel & multi-banner support
- Multi-language support
- Customisable workspace
- Streamlined scenario configuration
How it works
-
Provide sales, price and stock data
You provide simple historical data on sales, pricing and stock volumes and any business rules and constraints in your markdown processes.
-
The solution is tailored
We then configure the system to your needs and train your team - providing hands-on support to get you up and running.
-
Price recommendations generated
MarkdownEdge forecasts sales and finds the right price for every product. Plus, each time you upload new data, MarkdownEdge leverages machine learning to ensure its recommendations are optimal.
-
Simulate different strategies
You can simulate different clearance strategies, to make more informed decisions and plans.
-
Simple and fast implementation
You simply log in, review your recommendations, finalise discounts and then upload to your price management system. It means you have clear oversight and control and can standardise your pricing approach across different merchandising teams.
Footnote
¹ Increase in cash gross margin is an average benefit delivered to retailers, annually. Time savings is an average benefit which is delivered to retailers once upon implementation.
