Markdown Analytics: Savings in Markdown Cost
Client
Multinational chain of convenience store based in Arizona
![](https://abzooba.com/wp-content/uploads/2023/06/business1.png")
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