Unlike rule-based methods, dynamic markdowns use real-time data to optimize prices, boosting profits, reducing waste, and keeping products fresher for customers.
Being sustainable is nice and has proven to deliver value when it comes to consumer loyalty and brand awareness. However, sustainability must, above all, align with sound business principles to build long-lasting impact.
Learn how to challenge the typical never-ending backlog that IT departments face; a backlog comprising many varied technological projects of all shapes and sizes.
On losing the potential of last day markdowns and creating opportunities by influencing consumer perceptions in a financially smart way.
Meat has one of the highest financial values among the fresh category in supermarkets, making it the most interesting low-hanging fruit for any markdown optimization initiative. But it's not only about financials...
Wasteless is proud to announce that we have planted 10,000 trees this month, boosting the impact our US-based clients and their employees are generating through our waste-preventing AI technology.
It's essential for supermarket executives to stay well-informed about regional consumer behavior and market practices. Adding a touch of sustainability to our understanding can help align strategies with the growing demand for eco-friendly solutions.
So, what exactly constitutes the "holy grail" in this context? We coin it as the "Wasteless time horizon," which essentially refers to the ability to predict the optimal sequence of markdowns in both magnitude and timing.
How personalized services and the strategic use of technology can deepen customer relationships and boost business success.
What are the main challenges of markdown optimizations? And how do these challenges intensify with multi-period markdowns?
Understanding the basics of multi-period markdowns.
Wasteless is the inventor of a patented markdown optimization engine for perishable goods with a limited expiration date, enabling retailers to maximize profit across the demand curve.
