- Software Goes Beyond Tools and Processes - Captures Human Decision-Making as Well -
BOULDER, Colo. and CHICAGO, Retail Systems, Booth 2310, May 22 / / -- Applied Intelligence Solutions, LLC (AIS) today announced the Lifecycle Pricing Solution to optimize the full scale of pricing -- including initial pricing, promotion and markdown.
The AIS Lifecycle Pricing Solution provides retailers the opportunity to make better decisions faster by embedding a merchandiser's own best-practice expertise and understanding of business nuances into an automated decision-making process. The result is the capability to quickly define pricing that provides the highest profit by optimizing pricing in: pre-season initial mark-ups and assortment price points, local and zone pricing, private label and national brand differentials, in-season temporary price reductions and promotions, and end-of-season clearance markdowns.
Lifecycle Pricing incorporates advanced capabilities in decision sciences and demand management. It is scalable, flexible and integrates with existing systems. It works by incorporating dynamic learning, intelligent views and cross-divisional budget balancing to analyze all markdown scenarios in context, display data in a relevant way and optimize markdowns against budgets -- maximizing revenue and margins.
"AIS continues to expand the footprint of optimization solutions by integrating and automating both the art and science of merchandising," said Jim Dixon, president, AIS. "As an industry, we have tended to focus on tools processes. But tools and processes are no longer sufficient. Our Lifecycle Pricing Solution 'learns from' and automates best practices in pricing optimization by adding human expertise into the software. And when software 'learns' -- margins increase."
About Applied Intelligence Solutions, LLC
Applied Intelligence Solutions, LLC (AIS) is part of a family of technology companies that spans almost three decades. AIS leverages extensive expertise in demand forecasting, scalable algorithm development, pattern recognition, neural network and other artificial intelligence capabilities to build next-generation optimization solutions that improve performance across a variety of retail applications and formats. AIS solutions go beyond existing software tools, enabling our customers to significantly boost revenue, minimize costly markdowns and improve company profitability. AIS is headquartered in Boulder, Colorado, with Research and Development facilities in Moscow, Russia. For more information visit the company's web site at www.aisllc.com.
Applied Intelligence Solutions, LLC, AIS, and all graphic marks are registered trademarks of Applied Intelligence Solutions, LLC. All other trademarks and trade names are the property of their respective owners.
CONTACT: Sara McMillan, Applied Intelligence Solutions, +1-303-884-7296, sara.mcmillan@aisllc.com