Leveraging AI to Minimize Markdowns [Video]
Artificial intelligence (AI) is changing the face of the markdown process today. By gathering real-time demand data — and combining it with data on current inventory levels and margin targets — AI-enabled solutions from JDA can replace permanent markdowns with short-term promotional prices that maximize…
Getting Proactive with Markdowns [Video]
Predicting demand, and creating markdown strategies, for items with short life cycles — such as winter apparel — have traditionally depended on historic sales data and regression analysis. Today, clustering algorithms from JDA can help you predict demand and create markdowns more accurately, based on…
Price Elasticity: Your New Strategic Weapon [Video]
How much are consumers really willing to pay? And which products can capitalize on flexible pricing to stimulate demand? New capabilities from JDA leverage artificial intelligence (AI) to support fact-based decisions about price elasticity, helping you transform agile pricing into a competitive weapon. Explore how…
Next-Gen Pricing, Next-Level Profits [Video]
While past pricing solutions were focused on execution, today’s next-generation pricing solutions from JDA are more strategic in nature — considering both internal constraints and external factors, such as weather, that can affect demand. Discover how you can leverage these next-gen solutions to take your…
Getting Smarter About AI in Retail Planning [Video]
Volatile consumer demand. Soaring expectations for service and responsiveness. Endless purchasing options. How can retailers expect to succeed? The answer lies in using artificial intelligence (AI) to gather data and make fact-based, strategic decisions — no matter how many internal and external factors are involved….