How SAS® Enables Inventory & Price Optimization
Manage inventory to drive higher inventory turns and fewer markdowns with tailored plans and assortments that boost customer satisfaction and reduce carrying costs.
Automated, collaborative inventory planning
- Avoid understocks and overstocks and improve customer satisfaction with increased on-shelf performance.
- Better plan for promotional, seasonal and event-driven demand fluctuations.
- Reduce planning time using automation and collaboration.
Optimized inventory replenishment
- Create optimized inventory replenishment plans based on supply chain constraints while minimizing safety stock.
- Drive higher inventory ROI with agile multiechelon allocation plans.
- Align your merchandising strategy with location-based demand.
Pricing strategies that maximize profits
- Plan pricing at all levels of your product and location hierarchy – down to store/SKU.
- Drive increased average unit sales prices with life cycle pricing analytics.
- Strategically execute timely pricing actions by location to minimize markdowns and obsolete inventory.
CUSTOMER SUCCESS
Working Smarter With SAS®
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Developing strategic initiatives & planning financial strategies that drive profitability
SAS helped a US regional department store undergo a total technology transformation that:
- Includes a new merchandising platform that supports its strategies and initiatives.
- Maximizes inventory precision by product and location through localized assortments.
- Drives supply chain and store operation efficiencies through optimized pack recommendations.
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Knowing the right pricing strategy for each stage of the product life cycle
SAS helped the world's largest supplier of athletic shoes and apparel:
- Automate the decision-making process.
- Develop a product life cycle pricing structure that helps reduce markdowns.
- Understand competitor pricing.
- Plan strategies that improve gross margin.
Explore More on Inventory & Price Optimization
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Life Cycle Price Optimization
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Related SAS® Retail & Consumer Goods Solutions
View recommended inventory & price optimization solutions
- SAS® Cost and Profitability ManagementModel business processes to accurately determine process, product and customer cost and profitability.
- SAS® Customer Intelligence 360Find more profitable growth opportunities and amplify your marketing initiatives.
- SAS® Data ManagementEnsure better, more reliable data integrated from any source.
- SAS® Intelligent DecisioningEasily create, manage and govern robust, analytically driven business rules to power decisioning at scale.
- SAS® Intelligent Planning CloudEnsure on-shelf availability through a hyperaccurate demand planning service.
- SAS® Intelligent Planning SuiteAccurately forecast shopper and consumer demand by creating seamless merchandise and demand plans.
- SAS® Revenue Optimization SuiteOptimize life cycle pricing strategies and corporate profitability with a comprehensive view of consumer demand.
- SAS® Visual Data Mining and Machine LearningSupport end-to-end data mining and machine learning processes with comprehensive visual and programming interfaces for users of all skill levels.