8675: Luminate Clearance Pricing
Course Type
- Self-Paced
Duration
- 2 hour, 35 minutes
Target Audience
- EndUser
- SuperUser
Course Description
This subscription provides videos which explain the overall market and industry context in which the Luminate suite of products operates.
Course Notes
- Functional Lessons
Lesson Details
Lesson Objectives
This course will explain you the key steps in price optimization from the Luminate Clearance Price solution standpoint.
10 Minutes VideoLesson Objectives
This video explains how Luminate Pricing leverages machine learning to help retailers make better pricing decisions under uncertainty. It describes the sources and types of uncertainty in the retail industry. It explains how forecasts based on machine learning are an improvement over mean-based forecasting. It also covers quantifying uncertainty in life cycle pricing and seasonal markdown pricing.
20 Minutes VideoLesson Objectives
This video explains how machine learning-based price optimization is better than traditional pricing solutions. It compares the capabilities of Luminate Pricing with rule-based optimization systems. It also describes the key benefits of the Luminate Pricing solution.
10 Minutes VideoLesson Objectives
This course explains how LCP can address clearance related issues when part of the inventory is still in a distribution center at the time of the first markdown.
15 Minutes VideoLesson Objectives
This course explains, how product lifecycles are depicted within Luminate Clearance Pricing (LCP) and how to define the lifecycle for different types of retailers.
15 Minutes VideoLesson Objectives
This course will explain you the key steps in price optimization from the Luminate Clearance Price solution standpoint.
10 Minutes VideoLesson Objectives
This course helps you learn about the components of the Home page of the Luminate Clearance Price (LCP) user interface (UI)
25 Minutes VideoLesson Objectives
This course helps you learn about the components of the Home page of the Luminate Clearance Price (LCP) user interface (UI)
60 Minutes Video