Reduce your waste bills with smarter pricing
Food waste is one of the biggest challenges for retailers. One-third of all food is wasted, largely due to overstocked shelves and mismanaged supermarket inventory.
Manual and rudimentary markdown processes cause many product throws and disposals at great cost. Identification of items at risk of being wasted, compliance to price change processes, and dynamic store-based pricing also cause retailers to lose sales on products with days of life left.
Our dynamic markdown solution can help. It uses a comprehensive data-driven algorithm to analyze a wide range of data points – from product type to seasonality – then calculates a product’s optimal discount price. This reduces your waste bill by maximizing sell-through and profit while minimizing the amount thrown and disposed.