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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

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

Optimize your inventory. MLmargin, an AI-powered software that optimizes your inventory, takes the guesswork out Supply Chain Management by providing demand forecasting information and replenishment recommendations. MLmargin will help reduce stock-outs, and over-stocks. It works with two models: 1. Demand forecasting: Machine learning models use your sales data to predict daily, weekly, and monthly demand for each SKU. 2nd: Purchasing optimization. Optimization models combine the demand forecast, storage cost, and sales price to make a perfect replenishment decision. Decision support will be provided to ensure that each item is ordered in the correct quantity. You will be able to reduce inventory inefficiencies, deliver faster, and increase customer satisfaction.

API Access

Has API No 

API Access

Has API Yes 

Screenshots View All

Screenshots View All

Integrations

Shopify No 

Integrations

Shopify Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

€49 per month
Price depends on number of SKUs. Starting price is for customers with up to 1000 SKUs.
Free Trial Yes 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) No 
In Person Yes 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) Yes 
In Person No 

Vendor Details

Company Name

NextOrbit

Founded

2014

Country

India

Website

www.nextorbit.com/en/

Vendor Details

Company Name

KG Intelligence

Founded

2020

Country

Bulgaria

Website

mlmargin.com

Product Features

Demand Planning

Capacity Planning Yes 
Data Visualization Yes 
Historical Reporting Yes 
Inventory Optimization Yes 
Planned vs Actual Tracking Yes 
Product Introduction Planning Yes 
Promotions Management No 
Replenishment Management Yes 
Sales Forecasting Yes 
Supply Forecasting Yes 

Product Features

Demand Planning

Capacity Planning Yes 
Data Visualization Yes 
Historical Reporting No 
Inventory Optimization Yes 
Planned vs Actual Tracking Yes 
Product Introduction Planning No 
Promotions Management No 
Replenishment Management Yes 
Sales Forecasting Yes 
Supply Forecasting Yes 

Supply Chain Management

Demand Planning Yes 
Electronic Data Interchange No 
Import / Export Management Yes 
Inventory Management Yes 
Order Fulfillment Yes 
Order Management Yes 
Sales & Operations Planning Yes 
Shipping Management No 
Supplier Management Yes 
Transportation Management Yes 
Warehouse Management Yes 

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