RETAIL PRICE MARKDOWN AND DISCOUNTING PROCESS

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[ ] Fetch Current Inventory Levels: Retrieve current stock levels and product details from the Inventory Data Model to identify candidates for markdown.
[ ] Fetch Competitor Pricing: Retrieve recent competitor price monitoring entries to benchmark against.
[ ] Calculate Proposed Markdown Percentage: Execute formula: (Current Price - Target Price) / Current Price to determine the required discount depth.
[ ] Calculate Potential Margin Impact: Calculate the projected profit margin after the applied discount is subtracted from the cost of goods sold.
[ ] Aggregate Total Potential Revenue Loss: Sum the 'Revenue Loss' property across all selected product entries to understand the total impact on the bottom line.
[ ] Create Pricing Review Task: Create a task for the Category Manager to review the proposed markdown values and margin impact.
[ ] Create Markdown Proposal Entry: Generate a new entry in the 'Markdown Proposals' data model containing the proposed prices, dates, and reasoning.
[ ] Create Approval Task: Create a task for the Finance Director to approve or reject the total aggregate revenue loss threshold.
[ ] Update Product Price in Master Data: Update the 'Current Price' field in the Product Data Model once the markdown proposal is approved.
[ ] Update Inventory Status: Update the 'Promotion Status' field to 'Active' for the affected items in the Inventory Data Model.
[ ] Notify Store Managers: Send an email to all store managers with the new price list and effective date.
[ ] Create Label Update Task: Create a task for the Floor Staff to physically update price tags and signage in-store.
[ ] Generate Post-Markdown Impact Report: Create a report comparing sales velocity and margin before and after the discount period.
[ ] Remove Expired Promotion Entry: Delete the markdown proposal entry from the active queue once the promotion period has ended.

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