Average Ratings 0 Ratings
Average Ratings 0 Ratings
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
Integrations
Shopify
No
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