Multinational chain of convenience store based in Arizona
Business Problem
Lack of a data science approach leads to high cost markdown waves
Usage of Excel formulae-based process is less accurate and inconsistent, and the manual process limits the number of markdown waves leading to increased cost
Objective
Predict optimum markdown
Abzooba’s Solution:
Our solution uses advanced statistical models and machine learning algorithms to predict optimum mark-downs
The solution can integrate with multiple data sources and can be accessible from anywhere using any device
Business Benefits:
Savings in Markdown Cost with better planning based on the accurate lift predictions
Reduced Inventory Disposal Fee
Helped the client negotiate better markdown contracts with Retailers
