NextOrbit
Computer Software - Plano, Texas, United States
NextOrbit Details
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 capitalNeed a Platform demo, drop a note to: Sugandha@nextorbit.com Learn more by visiting our site: www.nextorbit.comOur Founder, CEO can be reached at: kishore.rajgopal@nextorbit.comAccolades: 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.
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