Reducing the price of slow-selling product lines can be an effective way to drive sales and reclaim valuable selling space – but how do retailers ensure that these markdowns are profitable?
Read this case study to learn how Coop Danmark replaced its complex markdown spreadsheets with Markdown Optimization solutions from IBM. Today, the company has deep insight into the optimal percentage and duration for markdowns, based on customer demand forecasts and inventory data at each retail store. This helps the company to boost sales while protecting margins.
"Get this white paper to learn 10 ways senior executives can more effectively manage their assets in an uncertain economy. David Berger, a Partner at Western Management Consultants, outlines strategies that help to avoid any damage, as well as improve in productivity and profitability.
Many organizations consider optimization only for their largest or most challenging business problems, often utilizing a small number of Operations Research professionals. But in our age of Big Data, market globalization and increased competition, many organizations are successfully making the case that optimization can be applied to a wider variety of business and operational decisions, and be developed by a new group of users — the organization’s business analysts.
With a proven track record of results demonstrating that organizations can increase profitability with business analysts applying optimization to many types of business problems, FICO’s proven development methodology is giving organizations the confidence to extend optimization practices across their enterprises.
We surveyed ecommerce executives from the US, the UK, Canada, Australia and the Netherlands to learn more about their best practices. We wanted to know more about their top priorities, how they’re responding to consumer needs and how they’re optimizing their digital and mobile strategies, among other insights. What are the obstacles they’re facing, and which technologies do they think are key for future success?
What You’ll Learn:
• The channels and tools they’re focusing on for driving sales and profits.
• How brick-and-mortar and ecommerce can complement one another.
• Their take on mobile strategy and optimization by device.
• The technologies they would invest in if time and money were no issue.
Global organizations such as Nestle?, Shell and others retain their leadership by solving their toughest challenges with advanced optimization. Manufacturers are seeking ways to apply advanced analytics and optimization through the entire planning and production lifecycle. This can help you achieve:
Improved profitability, reliability and revenue by 10% or more
Deploy a new planning solution in as little as 3 months
Compute ready-to-implement plans for complex tasks within minutes
Reduce your dependence on IT and rapidly evolve solutions
Leverage industry-leading analytics and optimization and innovative modeling methodologies
Monetise your existing analytic, ERP and other solutions, accelerate growth and reduce costs
Learn How Three Manufacturers Are Using Optimization to Revolutionize Manufacturing
When empowered customers use multiple channels to engage and purchase, merchants struggle to make optimal merchandising decisions to maximize sales, profit and shopper loyalty. We’ll show you how IBM can help through our portfolio of Omni-Channel Merchandise Optimization solutions.