Epicor[R] Retail Offers Integrated Markdown Optimization for Merchandising Customers.Collaboration with AIS Provides Epicor's Specialty and Discount Retailer Customers with Robust MarkdownXpert[TM] Software to Optimize Merchandising Discounts MONTREAL -- Epicor Software Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : 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 Markdown The difference between the highest current bid price among broker-dealers in the market and the lower price that a dealer charges a customer. Notes: The broker offers a lower price to try stimulate trading in hopes that they will make the money back on the extra 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 There are many ways in which the price of a product can be determined. The following are the foremost strategies that businesses are likely to use. Competition-based pricing Setting the price based upon prices of the similar competitor products. . 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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 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. Epicor's solutions leverage proven Microsoft .NET See .NET. technology to improve business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets and meet the evolving merchandise and service expectations of today's cross-channel shoppers. Epicor delivers comprehensive retail management solutions to enterprises in all tiers - from regional chains to multichannel Using two or more paths for transmission or processing. It can refer to a variety of architectures including (1) multiple I/O channels between the CPU and peripheral devices, (2) multiple wires in a cable, (3) multiple "logical" channels within a single wire or fiber or (4) multiple global brands. Retail customers include hundreds of marquee names, from Aeropostale, American Eagle Outfitters, and Ann Taylor Notable people named Ann Taylor include:
For more information on the Epicor Retail suite, please download the brochure outlining the offering, and for detail about AIS MarkdownXpert, please visit: http://www.aisllc.com. About Epicor Software Corporation Epicor Software is a global leader delivering business software solutions to the manufacturing, distribution, retail, hospitality and services industries. With 20,000 customers in over 150 countries, Epicor provides integrated enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ), customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ), supply chain management (SCM (1) (Software Configuration Management, Source Code Management) See configuration management. (2) See supply chain management. ) and enterprise retail software solutions that enable companies to drive increased efficiency and improve profitability. Founded in 1984, Epicor celebrates 25 years of technology innovation delivering business solutions that provide the scalability and flexibility businesses need to build competitive advantage. Epicor provides a comprehensive range of services with a single point of accountability that promotes rapid return on investment and low total cost of ownership, whether operating business on a local, regional or global scale. The Company's worldwide headquarters are located in Irvine, California Irvine is an incorporated city in Orange County, California, United States. It is a planned city, mainly developed by the Irvine Company since the 1960s. Formally incorporated on December 28 1971, the 69.7 square mile (180.5 km²) city has a population of 202,079 (as of 2007). with offices and affiliates around the world. For more information, visit www.epicor.com. Epicor, the Epicor logo, Epicor Retail, and Epicor Retail Merchandising are either registered trademarks or trademarks of Epicor Software Corporation (or a subsidiary thereof) in the United States and/or other countries. MarkdownXpert is a trademark of Applied Intelligence Solutions. All other trademarks are the property of their respective owners. |
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