Smart Markdowns
Boost your revenue by 17% with Smart Markdowns
Transform your markdown strategy with the power of artificial intelligence, enhancing profits and sustainability.
Are you losing money using one-size-fits-all discounts?
Establish consistent markdowns for better discount results
Without a streamlined markdown process it's easy to undersell high-demand items or overprice slow-moving ones. This lack of consistency can eat into your profits.
It's expensive to treat all products the same
A canned soda and a piece of gourmet cheese aren't the same, so why would their discounts be? Our algorithm creates optimal discounts for each individual product, enhancing sales and minimizing waste.
Are you ready to work smarter? Let us show you how.
Smart markdowns solves your markdown challenges
Maximise your profits
Our markdown system intelligently calculates the optimal discount for each product, ensuring maximum profitability. On average you get 17% more revenue from soon-to-expire products.
Take away guesswork and empower colleagues
Empower your team with the ability to make data-driven discount decisions, eliminating the risk of human error and guesswork.
Make an impact by reducing food waste
By setting the optimal markdown you make sure the products get sold, not wasted.
You are guaranteed to get the best discount for the goods. It makes it super easy for all employees to markdown expiring products.
- Daniel Nielsen, Store Owner, Spar Stoholm
18%
increase in sales value on markdowns
See the potential for yourself. Let us show you how easy it is to get started.
Curious to know how it works?
To calculate the optimal discount while still maximising profits and minimising waste, the algoritm takes a number of things into account
Historic sales and waste data
The algoritm learns how products perform in your store and uses that information when calculating the correct markdowns.
Discount Elasticity
By examining how consumers respond to discounts we ensure that each markdown attract buyers and benefits your bottom line.
Number of products
Product volume plays a big role in markdown decisions. More items left to on the shelves means larger markdowns.
Get even more value by using our full End-to-End solution
Smart Markdowns is just one component of a larger product family. Here are the other family members.
Advanced Date Checking
Easily track all expiration dates and get prompted when you need to check a product
Product Marketing
Promote waste offers automatically and communicate your sustainability efforts to consumers in the store
Donation Platform
A semi-automatic donation platform that manages donations to charities and ensure you follow regulations
Business Intelligence
Get insights on products, waste and compliance. Ensure compliance but also manage your waste proactively.
FAQ
Can I use Smart Markdowns in the whole store?
Can I use Smart Markdowns if I'm not using other Whywaste solutions?
How long will it take until I see results?
Does the system take a lot of time and IT resources to implement?
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