Price Elasticity Modeling. Price Optimization. Demand and procurement planning.
Impact of price changes on demand. Determining what promotions to run and when.
Determining how much of each product to buy within your capital budgets.
Mapping and tracking competitor pricing. And how they impact demand, and pricing.
Better store ordering /store allocation (pull vs push) – to meet store needs and not overdo it. And allocating across stores in an optimal manner.
Better production recommendations – going beyond “those who bought this also bought this..”
All of this enabled by AI (Artificial Intelligence) and Machine Learning. That’s what NextOrbit can do for you.
Evidence:
Clients in the Fashion, eCommerce, Store Pick firms, Retail Store owners benefited by enhanced demand planning, coupled with improving customer experience, loyalty, average basket size, cash flows and reduced store labor.
NextOrbit Implementation leads to the following benefits:
• 5% -15% improvement in same store sales /online sales
• 5% reduction in inventory
• Same headcount can manage higher volumes/growth. No need to add people to the planning teams
• Higher customer basket size
• Lower lost opportunity – right stock at the right place
• Higher full price sell through (lesser markdown)
• Better optimization of your capital
Need a Platform demo, drop a note to: Sugandha@nextorbit.com
Learn more by visiting our site: www.nextorbit.com
Our Founder, CEO can be reached at: kishore.rajgopal@nextorbit.com
Accolades: NextOrbit was featured as the top provider in CIO, Insight Success and a host of other worldwide retail publications and exchanges. One such link is here to explore:
http://insightssuccess.in/nextorbit-accelerating-growth-and-enhancing-operational-effectiveness-of-brands-and-retailers/
Recent Update:
Grocery Exchange, USA partners with NextOrbit to help Independent Store Owners. Stay tuned for the PR & the website launch.
Company Details
- Employees
- 10
- Founded
- -
- Address
- 4512 Legacy Drive, Suite 100, Plano,tx 75024,united States
- Phone
- 919980180537
- co****@****bit.com
- Industry
- Software Development
- NAICS
-
Software Publishers
- Website
- nextorbit.com
- Keywords
- Improve Customer Loyalty, Improve Sales, Better Shelf Space Allocation, Optimize Inventory, Price Optimization, Demand Planning, Out Of Stock Predictions, Machine Learning in Retail, Machine Learning in E-Commerce, AI in Retail, AI in E-Commerce, Price Elasticity, Inventory Management.
- HQ
- Plano, TX
Nextorbit Questions
Nextorbit's helpline number is 919980180537
Nextorbit's website is nextorbit.com
Nextorbit's LinkedIn profile is https://www.linkedin.com/company/nextorbit
Nextorbit has
10 employees.
View email and phone details for 10
employees at Nextorbit.
Nextorbit's industry is
Software Development
Nextorbit's top competitors are
Next Orbit,
Next Orbits Inc,
Lba Analytics And Ai,
Translab.io,
Nextorbit Labs,
Jk Tech,
Wunderman Thompson Studios,
Tiger Analytics,
Itemmaster (Now Syndigo),
Rapidious.
Nextorbit's support email address is connect@nextorbit.com
Nextorbit's categories are Software Development
Nextorbit's founding year is 2014
