Part 1: Understanding the basics of multi-period markdowns In the following months our magazine will cover the topic of multi-period markdowns. We will start with “Understanding the basics of multi-period markdowns” (April), then delve into “The challenges of multi-period markdowns and the use of AI” (May), and lastly, we will
Four reasons to excel in meat markdowns People close to Wasteless - friends, partners, and clients alike - are well aware of our team’s passion for providing correct meat markdowns. Here are a few reasons why, in no particular order of importance: High financial value Meat has one of
We absolutely love Italian food (and Italy in general!), so we were excited when we were asked to deploy our AI-based markdown optimization in Italy. As always, we generated profits by fixing the markdowns and reducing waste. We are thrilled to show you what end-consumers had thought. The research was
On losing the potential of last day markdowns. A short story Once, there was a guy who was not only a real cheapskate but also quite lacking in time management skills. Every afternoon, he drove a few miles to his local supermarket to pick up all the “last-day” discounted leftovers
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.
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.
There has been a feverish activity around markdown optimization in the last few years. Originating in the early 1970s and evolving ever since, the reputation of markdowns transcended from being “inappropriate” to the “way of doing business.” If performed correctly, they offer significant revenue engines, generating profit from products that
So, you just completed your order optimization system deployment, and, at least theoretically, you are “doing well” – meaning, you reduced your surplus food by a notch. Still, that might not be good enough, and you explore other ways to narrow down your food waste, which is “eating up” your profits.
Supermarkets have always been the hub of convenience and variety, catering to our daily needs with an array of products neatly stacked on shelves. But have you ever wondered about the journey of those goods or how pricing impacts their availability? Enter the era of Smart Markdowns – a revolutionary approach
Supermarkets, with their dazzling aisles and abundance of choices, are central to our daily lives. However, behind this veneer of plenty lies a staggering issue: food waste. The impact of supermarket food waste on the environment is far-reaching, affecting ecosystems, climate change, and the very resources we depend on. The