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Description

Retailers and online merchants face a variety of shared obstacles, including excess inventory and the challenge of setting optimal prices influenced by factors like inventory worth, market competition, seasonal trends, and consumer attitudes. To address these issues, NextOrbit has created advanced technology that leverages artificial intelligence and machine learning to assist sellers in determining the best pricing strategies for their products. This innovative solution features several key elements: the NextOrbit PriceMind platform, which utilizes AI and machine learning to enhance pricing decisions, ultimately boosting both profits and sales; the NextOrbit DemFor tool, which improves demand forecasting for more efficient inventory turnover; and the NextOrbit PriceEye platform that tracks competitor pricing, providing timely alerts about their pricing strategies as frequently as desired. By integrating intelligent demand forecasting with a blend of machine learning and human insight, NextOrbit effectively merges the strengths of both approaches, while also accounting for the influence of local events on market dynamics. This comprehensive system not only optimizes pricing strategies but also enhances overall business performance by ensuring that retailers are well-equipped to respond to changing market conditions.

Description

Pricing software solutions provide entry-level Price Management, through to the most complex Price Optimization and Automated Rules Based pricing needs. The system can then forecast the likely outcomes for different prices. This solution combines all elements of pricing in today's market to implement and optimize Hi/Low, EDLP, or a combination of those strategies through line items, brand, supplier and category rules and differentials. It also includes performance targets. Price optimization allows you to maximize your portfolio's profit, margin, or contribution. We can optimize regular and promotional pricing separately or concurrently, and on demand, without having to take into account the effects of other revenue optimization products.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
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 Yes 
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) Yes 
Online Support No 

Types of Training

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

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

Retail Express

Founded

2004

Country

United Kingdom

Website

www.retailexpress.com

Product Features

Pricing Optimization

Channel Analysis No 
Competing Product Analysis No 
Forecasting Yes 
Market Analysis Yes 
Multi-Store Management No 
Price List Management Yes 
Price Optimization Automation No 
Pricing Analytics Yes 
Profitability Analysis Yes 
Scenario Planning No 

Product Features

Pricing Optimization

Channel Analysis No 
Competing Product Analysis No 
Forecasting No 
Market Analysis No 
Multi-Store Management No 
Price List Management No 
Price Optimization Automation No 
Pricing Analytics No 
Profitability Analysis No 
Scenario Planning No 

Retail Management

CRM Yes 
Commission Management Yes 
Email Marketing Yes 
Employee Management Yes 
Loyalty Program Yes 
Mail Order Yes 
Merchandise Management Yes 
Multi-Location Yes 
Order Management Yes 
Purchase Order Management Yes 
Reporting/Analytics Yes 
Returns Management No 
eCommerce Yes 

Alternatives

PriceEye Reviews

PriceEye

NextOrbit

Alternatives

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DemFor

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HyperOrbit

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Pricing Lifecycle

Profimetrics