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    Sen. Elizabeth Warren and Rep. Madeleine Dean demand food and beverage CEOs put a stop to ‘shrinkflation’ 

    Mass. leaders worried for seniors and kids as Trump agenda bill clears House 

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    Boston dockworkers among thousands on strike nationwide 

    High tariffs, immigration crackdown, funding cuts: BU professor warns of ‘Trump Trifecta’ 

    Sen. Elizabeth Warren and Rep. Madeleine Dean demand food and beverage CEOs put a stop to ‘shrinkflation’ 

    Mass. leaders worried for seniors and kids as Trump agenda bill clears House 

    What Is ‘Big Law?’ 

    Stop Making Cents: US Mint Moves Forward With Plans to Kill the Penny 

    How to Attract (and Keep!) the Best Gen Z Employees 

    How to Attract (and Keep!) the Best Gen Z Employees 

    How Retailers Can Capitalize on the “Refund Effect”

    Could the GPT Store Turn ChatGPT into a Platform Powerhouse? 

    The Right Amount of Cards, Cash and ID to Carry in Your Wallet

    The ‘Best and Final’ Job Offer Usually Isn’t Final. How You Can Negotiate 

    From Hollywood to the Hardware Store: The Real-World Impact of a 100% Tariff 

    From Hollywood to the Hardware Store: The Real-World Impact of a 100% Tariff 

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    Bank Failures Show Us What Not to Do with Our Own Finances

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    S1:E1 CVS Paying the “Pink Tax” on Certain Products and the Evolution of the Electric Vehicle Industry

    Tariffs and Their Economic Impact

    S1:E1 CVS Paying the “Pink Tax” on Certain Products and the Evolution of the Electric Vehicle Industry

    Navigating Internet Privacy: Unpacking Cookies, Dark Patterns, and Future Data Protection Challenges (2)

    Beyond Prototypes: Rethinking Innovation in Complex Ecosystems with Prof. Douglas Hannah

    Beyond Prototypes: Rethinking Innovation in Complex Ecosystems with Prof. Douglas Hannah

    Is Business Broken? Season 2 out now! 

    Is Business Broken? Season 2 out now! 

    S1:E1 CVS Paying the “Pink Tax” on Certain Products and the Evolution of the Electric Vehicle Industry

    Redefining Retirement: Navigating Emotional and Social Transitions with Insightful Strategies

    Life After Cookies: Who Uses Google’s Privacy Sandbox? – Garrett Johnson

    Life After Cookies: Who Uses Google’s Privacy Sandbox? – Garrett Johnson

    S1:E1 CVS Paying the “Pink Tax” on Certain Products and the Evolution of the Electric Vehicle Industry

    Real Estate Ripples from a Landmark Settlement

    S1:E1 CVS Paying the “Pink Tax” on Certain Products and the Evolution of the Electric Vehicle Industry

    The Hidden Wisdom of Cultural Pushback

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    High tariffs, immigration crackdown, funding cuts: BU professor warns of ‘Trump Trifecta’ 

    Sen. Elizabeth Warren and Rep. Madeleine Dean demand food and beverage CEOs put a stop to ‘shrinkflation’ 

    Mass. leaders worried for seniors and kids as Trump agenda bill clears House 

    What Is ‘Big Law?’ 

    Stop Making Cents: US Mint Moves Forward With Plans to Kill the Penny 

    How to Attract (and Keep!) the Best Gen Z Employees 

    How to Attract (and Keep!) the Best Gen Z Employees 

    How Retailers Can Capitalize on the “Refund Effect”

    Could the GPT Store Turn ChatGPT into a Platform Powerhouse? 

    The Right Amount of Cards, Cash and ID to Carry in Your Wallet

    The ‘Best and Final’ Job Offer Usually Isn’t Final. How You Can Negotiate 

    Bank Failures Show Us What Not to Do with Our Own Finances

    Bank Failures Show Us What Not to Do with Our Own Finances

    In a ‘work-from-anywhere’ world, where are people working?

    79,000 lost jobs. $13 billion in GDP gone. Study tallies potential hit to Mass. from Trump’s ‘economic attack.’

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    Trump Administration Cancels Scores of Grants to Study Online Misinformation 

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    How Retailers Can Capitalize on the “Refund Effect”

    Leading Global Teams Effectively 

    How Retailers Can Capitalize on the “Refund Effect”

    Research: When Prototypes Don’t Yield Useful Insights 

    Transforming Products into Platforms: Unearthing New Avenues for Business Innovation

    Transforming Products into Platforms: Unearthing New Avenues for Business Innovation

    How Retailers Can Capitalize on the “Refund Effect”

    We’re Still Lonely at Work

    How Retailers Can Capitalize on the “Refund Effect”

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Home Media Mention National Media

New Approaches to Selling Fresh Products Close to Their Expiry Dates

ECR Retail Loss

Arzum AkkasbyArzum Akkas
April 6, 2023
in National Media
17
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BBC: Are Competitive Parents Compensating for Their Insecurities?
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April 6, 2023

ECR Retail Loss recently published an interview featuring Arzum Akkas, Assistant Professor of Operations & Technology Management, discussing innovations in how retailers sell products that are about to go out of date at discount prices.

In a recent ECR web meeting, two retailers presented their different approaches to using technology in managing markdowns of near-expired items. First, a retailer shared how they had worked with a company called Flash Flood which uses a simultaneous markdown process. This presents a problem, however, surrounding the number of products to put in your own in-store markdown process, versus how many products should be placed in Flash Flood. The difference of this company compared to their competitor, Too Good to Go, is that while one must buy items individually, they are stored in a fridge. Too Good to Go uses a different model which entails the use of bundled items.

As Akkas interviews several retailers, very different answers were heard about their exploration with these apps. Some haven’t investigated it, while others say they’ve piloted but stopped using them. That makes Akkas wonder how retailers evaluate the value of these applications. She states,

“One benefit that I heard through my research is that some retailers are concerned about their freshness image when they do markdowns. These apps like Flash Flood and Too Good to Go, they should overcome this concern as it’s their whole positioning as a company in the market. They provide an environmental solution”.

Source: New Approaches to Selling Fresh Products Close to Their Expiry Dates
Via: ECR Retail Loss
Arzum Akkas

Arzum Akkas

Dr. Arzum Akkas studies food supply chains. She analyzes the root causes of food waste in supply chains and develops tools to control waste through shelf space management, employee incentives, and inventory management. She collaborates with major retailers, distributors, and manufacturers in the US and in Europe to investigate how to improve operational efficiency, reduce waste, and accomplish sustainability goals. Her research has been published in leading academic journals including Management Science and Production and Operations Management. Before turning to research, Dr. Akkas worked as an operations manager at Pepsi, a management consultant at the leading strategy and operations firm Archstone Consulting, and a business systems consultant for the supply chain software firm JDA. She has Ph.D. from MIT in Engineering Systems, a Master’s degree from MIT in Supply Chain Management, and a Bachelor’s degree from Istanbul Technical University in Industrial Engineering.

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