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Markdown Analytics: Savings in Markdown Cost


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


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
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