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Solutions

Markdown Optimization

Automate your markdown pricing and timing decisions with Solvoyo’s advanced analytics and AI/ML technology.  Solvoyo Markdown Optimization solution offers automated diagnostics, predictive analytics, and prescriptive actions to maximize margin and sell-through while achieving end-of-life inventory goals for short life-cycle and fashion products.

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Solutions

Markdown Optimization

Automate your markdown pricing and timing decisions with Solvoyo’s advanced analytics and AI/ML technology.  Solvoyo Markdown Optimization solution offers automated diagnostics, predictive analytics, and prescriptive actions to maximize margin and sell-through while achieving end-of-life inventory goals for short life-cycle and fashion products.

Request a Demo
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AI/ML Predictive Models

AI/ML Predictive Models

 Forecasting lifecycle sales of fashion, seasonal and short-lifecycle items

• Learning from similar products
to predict response to price changes

Interactive What-if Analysis for evaluating different price points

Prescriptive Analytics

Recommending the optimal discount level for each product/store cluster combination

Working with financial constraints such as GM% and stock-cover targets

Localized Price Actions for managing multi-region/multi-currency price actions on the same platform

Configurable Dashboard

Configurable Dashboard

Automated financial roll-up and performance tracking

• Automated diagnostics for identifying
all products that need price action

• System of record and visibility for planning parameters, recommendations, approvals and results tracking

Intelligent Markdown Optimization with Solvoyo Platform

Markdown optimization is the application of optimizing the reduction in the selling price by recommending the best timing and depth of markdowns. It takes each product’s shelf-life, stock levels, current pricing, lifecycle, and seasonality trends into account for the purpose of decreasing the excess inventory.

The very first goal of markdown optimization in retail is to clear excess and unused inventory. Retailers apply markdown optimization methods to have an optimal inventory in line with consumer demand. Fluctuating product life-cycles, seasonal demand, various assortments, varieties of the customer base, new stores, price competition, and any other factors that may change after the initial decision-making point are made the need of markdown optimization much more crucial.

Solvoyo’s Markdown Optimization solution offers automated diagnostics, predictive analytics, and prescriptive actions to support decision making using ML/AI technology to achieve different business goals. Through automated diagnostics users can quickly focus on items requiring price actions. Through predictive models, users can understand the impact of different discount offers on financial and inventory KPIs and make faster and smarter decisions.  Through our flexible integration technology with ERP systems, users can automatically execute price changes without the need for any further manual processing. Solvoyo platform also tracks the price actions and measures the markdown performance.

Solvoyo Markdown Optimization

Solvoyo Markdown Optimization UI

  • Managing price action for short lifecycle products with target exit dates
  • Prescriptive models recommending price actions to meet different business objectives such as maximizing sell-through or lifetime gross margin
Markdown Optimization
  • Configurable reports to fit into your markdown management process
  • Easy access for executive review
  • Visibility to the financials tied to the approved and recommended actions
Markdown Optimization

Ability to view/edit input parameters such as:

  • Eligible price lists per product group/ channel
  • Store Inclusions/Exclusions in-store clusters
  • Markdown eligibility status by product hierarchy/season code/ style
Markdown Optimization
  • Summary Reports for tracking and comparing KPIs for approved and non-approved items at any level of product and location hierarchy
  • Easy access to approval rates and impacts of price actions 
  • Pivot capability for flexible slicing & dicing of results
Markdown Optimization
Ready to see our markdown optimization platform in action?

What can you achieve with Solvoyo Markdown Optimization Solution?

Improving Inventory Productivity and Maximize Margins

Improving Inventory Productivity and Maximize Margins

  • Take localized price actions with prescriptive models to meet different business objectives such as maximizing
    sell-through or lifetime gross margin
  • Integrate your markdown optimization actions with store replenishment and Store to Store transfer decisions
Improving Efficiency and Visibility

Improving Efficiency and Visibility

  • Have easy access and visibility to the financials tied to the approved and recommended actions
  • Have the ability to view and edit input parameters such as Eligible price lists per product group/channel,
    Store Inclusions/Exclusions, in-store clusters
  • Manage markdown eligibility status by product hierarchy/season code/style level
Agility and Scalability

Agility and Scalability

  • Highly and quickly scalable and adaptable for business growth, supporting new categories, new channels,
    and new countries
  • Short implementation cycles of cloud-native single planning platform
  • Cluster and channel-based price recommendations
Solvoyo Retail Planning Platform

Merchandise Financial Planning: An integrated and flexible way of doing top-down planning, category management and open to buy planning.

Line Planning: Solvoyo Line Planning, a cloud-based and with a user-friendly and configurable UI brings automation to product and line analysis and standardizes the planning process.

Product Lifecycle Management: Solvoyo’s cloud-based and fully configurable PLM solution helps digitize manual processes and workflows. It can be easily configured to meet the unique needs of the organizations.

In & Out Product Management: Solvoyo’s integrated, automated, and collaborative solution powered by machine learning will help you ensure optimal stock availability and improve the profitability of promotional items with limited-time offerings.

Assortment Planning: With today’s fast-changing market dynamics and diverse customer needs, a customer-centric retail strategy must include localizing assortments to address different needs.

Size & Pre-pack Optimization: Solvoyo Size and Prepack Optimization solution help fashion retailers determine the best size breakdown and prepack combinations that meet store-level size selling needs.

Retail Analytics: Retail Analytics solution combines data from multiple internal and external sources, drive insights from big data through visualization and diagnostic capabilities and help support decision-making faster and easier.

Vendor Collaboration: For a simplified and automated vendor management, Solvoyo’s Vendor Collaboration offers supplier scorecard and demand collaboration tools both for your organization and your vendors.

Test, Read & React: Test, Read and React process whereby a retailer tests a product offering on a limited store basis before making the decision whether or not to carry the product in a greater market is being utilized more and more by retailers.

Omni-Channel Planning: With Solvoyo, omni-channel retailers optimize their network operating parameters and inventory deployment strategy to fulfill orders from the most profitable source.

Replenishment Planning: Optimally replenish your stores and distribution centers (DCs) in a demand driven mode, balancing inventory holding, service level, production and transportation costs.

Store to Store Transfer: Solvoyo’s integrated, and collaborative S2S Transfer solution powered by machine learning will bring automation and advanced analytics to inventory balancing across the omnichannel network.

Purchasing / PO Management: Whether it is managing daily procurement operations in an efficient way or replenishing DCs or stores to optimize the right inventory mix, Solvoyo Purchase Order Management allows organizations to automate purchase order creation process and handle exceptions.

Initial Allocation Planning: Solvoyo’s proactive, automated initial allocation solution powered by machine learning will help you adjust your allocation strategy based on your sales trends.

Store Replenishment: Solvoyo’s demand-driven, automated store/channel replenishment solution powered by machine learning will help you ensure optimal stock availability, improve sales and profitability.

E-Commerce Inventory Management: Automate your inventory management with Solvoyo’s advanced analytics and AI/ML technology. Solvoyo E-commerce inventory management solution offers automated diagnostics, predictive analytics, and prescriptive actions to ensure smart purchasing decisions.

Markdown Optimization: Automate your markdown pricing and timing decisions with Solvoyo’s advanced Markdown Optimization and Planning solution. We make your pricing process easy to manage and flexible to accommodate different business goals.

Promotion Planning: Improve the effectiveness of Retail promotions, through deeper analysis of customer response to your offers and find the best way to entice your customers while maintaining healthy margins.

Dynamic Pricing: Solvoyo’s proactive, automated price recommendation solution powered by machine learning will help you adjust your pricing strategy based on your business objectives.

Workforce Planning: Continuously monitor store operations processes in strategic, tactical and operational levels. Optimally manage your workforce and meet your business goals.

Store Clustering: An integral part of the Retail Analytics and has a number of uses in Retail planning and execution including Assortment Planning, Pricing and Promotions Planning and Markdown Management.

CONCURRENT OPTIMIZATION

All the solutions you need. Under one platform.

Our platform concurrently plans and optimizes orders, inventory, and transportation in a holistic approach that is far more effective than attempting to optimize each discretely. Solvoyo provides its solutions in one model across strategic, tactical, and operational time horizons.

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