Markdown pricing and optimization solution
RELEX’s markdown pricing and optimization software makes markdowns easy, allowing you to target the right products at the right time and right price, maximize the success of discounts, and improve margins while cutting costs.
Proactively identify markdown needs
and generate optimal prices
Whether you’re managing seasonal, promotional, or end-of-lifecycle products, RELEX’s AI-driven markdown optimization software allows for proactive decision making.
Optimize for your goals
Optimize markdowns according to any strategy and gain visibility into the projected impacts, whether your goal is to maximize margins, clear out inventory, or protect brand image.
Identify and apply timely markdowns
Proactively identify products for markdown and set timely, optimized discounts based on desired outcome, reducing the risk of excess stock, whether at season end or lifecycle end.
Automate markdown execution
Add automation to prepare your business for future growth and eliminate manual markdown tasks such as product identification and price calculation from both local and central teams.
Focus on exceptions to drive value
Systematically and automatically identify exceptions, such as fluctuating sales performance or high risk products that need a strategic human touch, freeing your experts to focus on high value tasks.
Streamline assortment changes
Take advantage of optimized markdowns to clear inventory ahead of planned assortment changes, allowing new planograms and assortments to flow smoothly into stores.
Collaborate and communicate
Facilitate cross-functional collaboration through shared forecasts and data points, allowing merchandising, demand, and inventory planning teams to provide real-time feedback and streamline processes.
“RELEX’s markdown solution has made the store process for assortment changes much more efficient and has maximized our profit when phasing out items.”Thomas Berglund, CIO Coop Värmland
Markdown pricing and optimization software
Use AI to identify optimal markdowns based on price elasticity and the amount of stock to be cleared.
RELEX’s markdown software allows for easy configuration of price grids and rounding rules to ensure that all markdown recommendations fit your pricing strategy.
Execute markdowns on any segment, timeline, product range or category, geographic region, or even individual store location.
Take advantage of accurate demand forecasts and near-real-time inventory data from the RELEX Living Retail Platform to proactively identify upcoming markdown needs.
Check out our library of retail insights.
Markdown Optimization: An E-Grocer’s Journey
In this webinar, we speak to nemlig.com Supply Analyst about how the company recognized that they needed an improved markdown process, how they implemented it, and what kind of results they’ve achieved.
The Art and Science of Markdowns: Collaborative Merchandising and Inventory Planning
Retailers can bridge the gaps between their supply chain and merchandising teams using shared forecasts to improve markdown performance.
Stay competitive with the RELEX Living Retail Platform
All our solutions are part of our RELEX Living Retail Platform. Find out how our unified platform has helped hundreds of retailers break down silos and take their core planning processes to the next level.Check out the platform