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features
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support

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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

Stay ahead of your customers’ fluctuating preferences by leveraging precise demand forecasts and stock-out predictions. Our AI-driven platform, Kronoscope, continuously monitors shifts in demand patterns, enabling you to respond rapidly and avoid excess inventory while ensuring that your customers always find what they need. Utilizing a combination of advanced machine learning and deep learning algorithms, Kronoscope automatically creates a tailored model for each SKU across all stores, warehouses, or channels. Our unique algorithms uncover various patterns, such as seasonality, cannibalization, and substitution effects, enhancing the accuracy of our predictions. There is no need for manual adjustments, as the models autonomously retrain to accommodate emerging demand patterns, identify anomalies, and minimize historical fluctuations. Additionally, Kronoscope delivers natural language insights regarding unusual occurrences, key influences on demand changes, and high-impact items, among other valuable information. Furthermore, you can enhance your demand forecasts by modeling the effects of promotions, marketing initiatives, and various other business elements on customer demand. This comprehensive approach ensures that your inventory strategies remain aligned with the latest market trends.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

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

Fountain9

Founded

2019

Country

India

Website

www.fountain9.com

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

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

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