Remove Accounting Remove Finance Remove Inventory Management Remove Markdowns
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AI and Retail Promotions: How to Hit Your Promotional Goals

Retalon

The math needed to account for these effects is hard enough. Keep in mind that promotions are not the same part of a product’s pricing lifecycle as Markdowns. In contrast, markdowns are permanent changes designed to clear inventories at the season’s end. Financing promotions can change a customer’s mental math.

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Retail Sales Promotion Goals, Examples, and How AI is Optimizing Them.

Retalon

The math needed to account for these effects is hard enough. Keep in mind that promotions are not the same part of a product’s pricing lifecycle as Markdowns. In contrast, markdowns are permanent changes designed to clear inventories at the season’s end. Financing promotions can change a customer’s mental math.

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5 Vital Considerations for Big Data Analytics in Retail

Retalon

Inventory levels (store, warehouse, distribution centers). Prices (markdowns, promotions, competitor prices, etc.). Because retailers can’t afford to lose money because inventory purchases didn’t account for future promotions, business leaders imposed processes to keep everyone on the same page. Demand forecasts.

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Key Tips for Leveraging Personalization in the Retail Industry

Retalon

So, how can you juggle concerns like forecasting, inventory management, distribution, fulfillment, and more against the growing demand for personalization, all while continuing to create the consistent experience customers expect ? This is the level of exclusivity their customers expect and prefer.

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Personalization vs. Consistency in the Retail Customer Experience

Retalon

How can you juggle concerns like forecasting, inventory management, distribution, fulfillment, and more against the growing demand for personalization, all while continuing to create the consistent experience customers expect? This is the level of exclusivity their customers expect and prefer.