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Description
Optimizing Pricing for Profit, Gaining Insights on Competitor Pricing, and Forecasting Demand are all enhanced through the use of AI and Machine Learning technologies. This approach resulted in a remarkable 14.4% increase in sales for a popular American casual apparel brand due to more effective pricing strategies. By employing Intelligent Demand Forecasting, we merge the strengths of machine learning with human expertise, taking into account various factors such as local events, holidays, back-to-school periods, school closures, community festivals, social signals, and broader economic indicators. Our services encompass Demand Forecasting, Store Ordering, Purchase Order Recommendations, and efficient Shelf Space Allocation & Optimization, all backed by Continuous Monitoring and Improvement processes. Additionally, we focus on Intelligent Pricing to achieve better sales realization and enhanced profit margins. By analyzing price elasticity based on product, location, and time, we can strategically determine appropriate mark-ups or markdowns. Our Differential Pricing Strategies are designed to prevent a downward pricing spiral, and we utilize A/B testing to validate our methods and results effectively. Ultimately, our comprehensive approach not only supports immediate sales goals but also fosters long-term growth and sustainability in the competitive market.
Description
ElasticRun is transforming the landscape of both physical and digital access for Indian consumers. By facilitating connections between businesses and previously underserved consumers, ElasticRun empowers FMCG brands to engage directly with over 10 million Kirana stores located in rural areas. Additionally, the platform provides eCommerce access to more than 100 million customers, while also supporting financial institutions in extending credit to around 100,000 rural stores. By illuminating data-dark stores, ElasticRun offers a competitive data advantage across various industries. The high capital expenditure and fixed operational costs typically associated with traditional networks hinder their ability to reach these markets. However, through crowdsourcing, ElasticRun establishes a no-capex, variable-cost network that enables extensive reach. The traditional networks struggle to meet the small transaction needs of rural stores, but ElasticRun's model of supply and demand aggregation makes it possible to serve these individual outlets efficiently. Acting as an extension of a brand's established network, ElasticRun unlocks a new and significant addressable market. Ultimately, ElasticRun is a game-changer, creating a no-capex, variable cost network that grants access to more than 10 million stores and revolutionizes the overall distribution landscape. This innovative approach not only enhances market access but also fosters economic growth in rural regions.
API Access
Has API
API Access
Has API
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
NextOrbit
Founded
2014
Country
India
Website
www.nextorbit.com/en/
Vendor Details
Company Name
ElasticRun
Country
India
Website
www.elastic.run/products.html
Product Features
Demand Planning
Capacity Planning
Data Visualization
Historical Reporting
Inventory Optimization
Planned vs Actual Tracking
Product Introduction Planning
Promotions Management
Replenishment Management
Sales Forecasting
Supply Forecasting
Product Features
eCommerce
CRM
Catalog Management
Channel Management
Customer Accounts
Data Security
Email Marketing
Inventory Management
Kitting
Loyalty Program
Mobile Access
Multi-Store Management
Order Management
Product Configurator
Promotions Management
Returns Management
Reviews Management
SEO Management
Shopping Cart
Templates