SKU-level markdown optimization software that provides suggestions for merchandising teams
Peak’s Markdown AI application helps you set the right price for all your products during their lifecycle to maximise profit throughout the markdown period whilst taking into account business constraints and priorities such as target sell through of all close out units, target weeks of cover for each product. Connecting into your SAP environment via the Integration Suite, you can leverage the AI outputs directly into your pricing ecosystem.
By Peak AI Ltd.
Overview
Margin Enhancement
Customers typically see incremental margin improvements of 300-500bps (3-5% absolute margin points) across a like-for-like markdown tradings periods and the whole product lifecycle.
Team efficiency
Removing your team's reliance on spreadsheets and being able to apply individual markdowns at a SKU-level, saving dozens of hours each week to allow for more strategic activity and less spreadsheet based reporting work.
Scenario Planning
Teams can plan for many different scenarios at a campaign level by changing the targets for their markdown optimization, such as, sell-through of units, revenue and margin.
Details
Solution type
Extensions and Add-ons
Industry
Cross-Industry, Retail, Consumer Products, Wholesale Distribution
Compatibility
Works with
Features
Access individual product price elasticities
Through the application of AI price elasticity modelling at the individual SKU level, you can ensure granular markdown decisions across multiple business goals.
Create individual campaigns over discreet time periods
This enables merchandising and pricing teams to quickly create bespoke markdown campaigns across their entire stock file. Each campaign has the flexibility to be managed at the various levels of your product taxonomy optimising against your business KPIs.
Forecast demand at a SKU-level
Through best in class B2C forecasting algorithms, applied both to your current business and predicted against your markdown campaigns, it allows you to scenario plan the effects of the decision you make.
