Markdown and Promotions are two applications built on Peak, an AI platform for growth and efficiency. The applications use price elasticity and forecasting models to measure a product’s change in demand in relation to a hypothetical change in its price, giving you SKU-level recommendations based on the metrics you want to maximize. You can increase sell through, clear stock, boost profits and reduce manual decision-making time. Retailers around the world invest more than $1 trillion in their markdown programs (BCG). Stop leaving profit on the table and out-of-season inventory in the stockroom. It’s time to add AI and optimize your markdown.
- Ingest data from multiple sources
- Understand all drivers of demand
- Configure guardrails specific to your business, for example exit prices, price rounding, product versioning, and broken size runs
- Explore different markdown and promotional scenarios
- View markdown and promotion suggestions by product
- Plan for different scenarios
- Navigate multi-channel complexity