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Using SAS(R) Markdown Optimization

Course Details
Code: SMIMD524
Tuition (USD): $1,300.00 • Classroom (2 days)

SAS Markdown Optimization, a component of the SAS Revenue Optimization suite, enables you to reduce unnecessary markdown spend by helping you identify and implement optimal price strategies for products that are ready for permanent removal from your inventory. This end-user course was designed to provide you with the information, understanding, and hands-on skills that you need to use SAS Markdown Optimization efficiently and effectively within your retail organization.

Skills Gained

  • create markdown plans
  • create alternative markdown plans
  • interpret and modify markdown plans
  • submit and approve markdown prices
  • complete markdown plans.

Who Can Benefit

  • Business users of SAS Markdown Optimization, which may include buyers, analysts, merchandise managers, and category planners

Prerequisites

  • Before attending this course, you should have
  • basic skills using Microsoft Windows-based software
  • a familiarity with planning, creating, interpreting, approving, and tracking markdowns within retail organizations.

Course Details

Preparing to Use SAS Markdown Optimization

  • about this course
  • markdown optimization fundamentals
  • members and plan settings
  • pricing rules and grids

Creating Markdown Plans

  • markdown plan classification and status
  • creating initial markdown plans
  • creating alternative markdown plans
  • automated markdown plan creation

Interpreting and Modifying Markdown Plans

  • interpreting plan performance
  • modifying plan settings and pricing rules
  • viewing plan members
  • modifying plan membership

Submitting and Approving Markdown Prices

  • revising markdown approval budgets
  • submitting and approving markdown prices

Additional Topics

  • completing markdown plans
  • reporting data mart
  • reviewing client and markdown preferences

Closing Considerations

  • course summary
  • learning survey
  • additional help resources
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