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NextOrbit Platform
With our Advanced Predictors and forecasting algorithms, we help you to Predict and Respond to demand peaks and troughs. We enable you to take action before you lose customer demand.
NextOrbit help you to price up or down to maximize profits.
Features
Intelligent Demand Forecasting
Machine Learning and Human Judgement - we help Combine the best of both the worlds. Decisions are delivered daily, weekly, monthly & quarterly.
- Demand Planning
- Store Ordering
- Vendor Purchase Order Triggers
- Predictive OOS(Out of Stock) Alerts
- Continuous Refinement of Decisions
Intelligent Pricing
Machine Learning and Human Judgement - we help Combine the best of both the worlds. Decisions are delivered daily, weekly, monthly & quarterly.
- Differential pricing strategies
- Promotions Recommendations
- Competitor price monitoring & alerts
- Markdown recommendations
- Continuous Improvement of algorithms & decisions
PriceEye – Competitor Price Monitoring platform
The NextOrbit AI/Machine Learning-enabled competitor price monitoring platform uses atleast a dozen attributes to identify similar or substitutable items, and retrieves their pricing and in-stock status multiple times in a day. PriceEye help you to:
- Get real-time competition pricing insight
- Identify subsitituable /similar products with a “similarity” score
- Analyze /slide & dice historical competitor pricing
- Optimize Pricing strategies
Benefits
How It Works
What We Solve
PRICING
- How do we know if we are pricing right? E.g. pricing for profit as opposed to pricing for sales?
- Should we in fact raise prices? What’s the price elasticity (ability to pay) by product, by location and day?
- How can we make changes, at speed? How do we not leave money on the table?
- Can we conduct “price experiments”, and get a quick read on results?
- What customer attributes are significant to drive demand?
- What are frequently occurring baskets and which products are the “key basket holders”? How do we minimize discounting?
DEMAND PLANNING
- How should we automate the demand planning process, and make it more intelligent? How do we incorporate factors that impact demand?(e.g. local events, macro-economic factors, holidays and so on)
- How can we determine latent demand?
- How do I ensure the delicate balance between over-stock and out of stock?
- How should I distribute stock across my stores and on-line?
- How should I anticipate demand, and stock up, so as to not lose demand?
Pricing
Transparency & Flexibility
A transparent cost effective monthly subscription model based on the number of stores and categories. No contracts or lockin period for the business.
Fees based on your number of transactions, number of products, and for brick and mortar Retailer - number of stores.
NextOrbit Mission
Our Team
Our Advisors
