Oct. 5, 2009 (Business Wire) -- Epicor Software Corporation (NASDAQ: EPIC), a leading provider of enterprise business software solutions to the midmarket and Global 1000 companies, announced today that MarkdownXpert, a next-generation optimization solution from Applied Intelligence Solutions (AIS), is now available as a standard integrated offering for customers of its industry-leading Epicor Retail Merchandising suite.
Markdown optimization enables retailers to apply an effective markdown strategy to better manage inventory and margin risk; while some level of mark downs are key to stimulating sales, unchecked near-continuous markdowns can erode profits.
AIS’s MarkdownXpert solution provides retailers with more accurate, timely and granular information about consumer demand so they can optimize and streamline markdown practices. With three decades of expertise in forecasting, scalable algorithm development, pattern recognition and other artificial intelligence, AIS utilizes advanced technologies that accurately predict optimal timing and depth of markdown pricing strategies.
Unlike other solutions on the market, MarkdownXpert “learns” from each retailer’s best practices over time to make recommendations that reflect the way items should be effectively reduced. As an extension of the retailer’s established pricing program, the predictive tool provides an updated, modern method for managing revenue and margin optimization. The MarkdownXpert solution extends Epicor’s Merchandising solution, which provides the tools and functionality necessary to analyze, order, price and distribute merchandise for maximum return on investments.
“To weather today’s economic climate, retailers are finding the need to be more scientific and strategic when it comes to markdown management,” said AIS CEO Jim Dixon. “We’re proud to be working with Epicor to integrate MarkdownXpert and Epicor Retail Merchandising, combining two stellar retail offerings to provide organizations with a simple-to-use, comprehensive solution that gives retailers vital insight that can help increase sales and profitability.”
“Teaming up with AIS is yet another example of Epicor’s efforts to continually identify and deliver leading-edge retail technology to our customers to help them generate sustained competitive advantage,” said David Henning, executive vice president and general manager for Epicor Retail. “The precise recommendations and guidance provided by the integrated AIS/Epicor solution gives retailers unprecedented predictive capabilities to manage markdowns, enhance profitability and remain competitive.”
Today, many of the world’s leading retailers utilize Epicor Retail solutions and services to become more profitable, productive, competitive and eco-friendly.
