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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
StockIQ's forecasting hierarchy provides top-down data at the product-group and category levels so that you can reach general consensus about volumes and revenue. StockIQ will monitor the inventory in your warehouse and alert you if there are any problems. To help you balance your inventory efficiently, we'll recommend grouped transfers. StockIQ analyzes your promotion history to determine what is most important to the promotion response. This allows you to accurately predict the effect of the next promotions on demand. StockIQ's supplier management module lets you use actual receipt history to calculate lead times. StockIQ keeps track of the performance of all vendors. StockIQ keeps track of all dates on your orders before and after adjustments. This allows you to determine which suppliers are always on time and which ones are always late. StockIQ can help you predict when certain items will expire. StockIQ can identify excess inventory and track new items. It can also see what is back ordered.
API Access
Has API
No
API Access
Has API
Yes
Integrations
DDI System
No
Epicor Eclipse
No
Epicor Kinetic
No
Friedman Frontier
No
Infor CloudSuite Business
No
JD Edwards EnterpriseOne
No
Microsoft Dynamics 365
No
Microsoft Dynamics 365 Business Central
No
Microsoft Dynamics GP
No
NetSuite
No
Integrations
DDI System
Yes
Epicor Eclipse
Yes
Epicor Kinetic
Yes
Friedman Frontier
Yes
Infor CloudSuite Business
Yes
JD Edwards EnterpriseOne
Yes
Microsoft Dynamics 365
Yes
Microsoft Dynamics 365 Business Central
Yes
Microsoft Dynamics GP
Yes
NetSuite
Yes
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
$525 per month
Free Trial
No
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
Yes
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
No
Linux
Yes
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
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
NextOrbit
Founded
2014
Country
India
Website
www.nextorbit.com/en/
Vendor Details
Company Name
StockIQ Supply Chain Planning
Founded
2015
Country
United States
Website
www.stockiqtech.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
Yes
Inventory Optimization
Yes
Planned vs Actual Tracking
Yes
Product Introduction Planning
No
Promotions Management
Yes
Replenishment Management
Yes
Sales Forecasting
Yes
Supply Forecasting
Yes
Inventory Management
Alerts/Notifications
Yes
Barcoding / RFID
No
Forecasting
Yes
Inventory Optimization
Yes
Kitting
Yes
Manufacturing Inventory Management
Yes
Mobile Access
Yes
Multi-Channel Management
Yes
Product Identification
No
Reorder Management
Yes
Reporting/Analytics
Yes
Retail Inventory Management
Yes
Supplier Management
Yes
Warehouse Management
No
Sales Forecasting
Competitor Analysis
No
Correlation Analysis
No
Dashboard
Yes
Dynamic Modeling
No
Exception Reporting
No
Graphical Data Presentation
No
Modeling & Simulation
No
Performance Metrics
Yes
Sales Trend Analysis
Yes
Statistical Analysis
Yes
Supply Chain Management
Demand Planning
Yes
Electronic Data Interchange
No
Import / Export Management
No
Inventory Management
Yes
Order Fulfillment
No
Order Management
No
Sales & Operations Planning
Yes
Shipping Management
No
Supplier Management
Yes
Transportation Management
No
Warehouse Management
No
