Optimizing Markdown Sales in Retail
Reduce waste for products close to expiry with dynamic pricing.
In the US, around 40% of all produced food is thrown away, which adds up to $218 billion a year. While in the UK, two million tons of fresh produce are lost or wasted each year in the supply chain alone.
Getting the balance right across the business between availability and waste, and between long- and short-term goals, is no mean feat and that’s before attempting to build the technologies required to deliver a total preventative solution. However, there is still a lot that can be done beforehand.
