Amazon ForecastAmazon
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DemForNextOrbit
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Related Products
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About
Amazon Forecast is a fully managed service that uses machine learning to deliver highly accurate forecasts.
Companies today use everything from simple spreadsheets to complex financial planning software to attempt to accurately forecast future business outcomes such as product demand, resource needs, or financial performance. These tools build forecasts by looking at a historical series of data, which is called time series data. For example, such tools may try to predict the future sales of a raincoat by looking only at its previous sales data with the underlying assumption that the future is determined by the past. This approach can struggle to produce accurate forecasts for large sets of data that have irregular trends. Also, it fails to easily combine data series that change over time (such as price, discounts, web traffic, and number of employees) with relevant independent variables like product features and store locations.
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About
Pricing For Profit, Competitor Price Discovery, Demand Forecasting. Enabled By AI & Machine Learning. Delivered a sales uplift of 14.4% for an American brand of casual apparel due to better pricing. Pricing For Profit, Competitor Price Discovery, Demand Forecasting. Intelligent Demand Forecasting. Machine learning and human judgement - We help combine best of both worlds. We incorporate the impact of local events, holidays, back-to-school, school closing, local carnival and games, social signals and macro-economic variables. Demand Forecasting. Store Ordering. Purchase Order Recommendations. Shelf Space Allocation & Optimization. Continious Monitoring And Improvement. Intelligent Pricing. Better price realization to improve Sales & Margin. Determine price elasticity by product, location and day; hence determine the extent of mark-up or markdown. Differential Pricing Strategies. Avoid a race to the bottom. A/B testing to demonstrate.
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Platforms Supported
Windows
Not Supported
Mac
Not Supported
Linux
Not Supported
Cloud
Supported
On-Premises
Not Supported
iPhone
Not Supported
iPad
Not Supported
Android
Not Supported
Chromebook
Not Supported
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Platforms Supported
Windows
Not Supported
Mac
Not Supported
Linux
Not Supported
Cloud
Supported
On-Premises
Not Supported
iPhone
Not Supported
iPad
Not Supported
Android
Not Supported
Chromebook
Not Supported
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Audience
Anyone looking to improve forecasting without having any machine learning experience yet
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Audience
Online merchandisers looking for a tool that offers predictive algorithms, which works on retailer data combined with competitor pricing
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Support
Phone Support
Supported
24/7 Live Support
Not Supported
Online
Supported
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Support
Phone Support
Supported
24/7 Live Support
Not Supported
Online
Supported
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API
Offers API
Not Supported
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API
Offers API
Not Supported
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Screenshots and Videos |
Screenshots and Videos |
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Pricing
No information available.
Free Version
Not Supported
Free Trial
Supported
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Pricing
No information available.
Free Version
Not Supported
Free Trial
Not Supported
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Reviews/
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Reviews/
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Training
Documentation
Supported
Webinars
Not Supported
Live Online
Not Supported
In Person
Not Supported
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Training
Documentation
Not Supported
Webinars
Not Supported
Live Online
Not Supported
In Person
Supported
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Company InformationAmazon
Founded: 1994
United States
aws.amazon.com/forecast/
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Company InformationNextOrbit
Founded: 2014
India
www.nextorbit.com/en/
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Alternatives |
Alternatives |
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Categories |
Categories |
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Sales Forecasting Features
Competitor Analysis
Supported
Correlation Analysis
Supported
Dashboard
Supported
Dynamic Modeling
Not Supported
Exception Reporting
Supported
Graphical Data Presentation
Supported
Modeling & Simulation
Supported
Performance Metrics
Not Supported
Sales Trend Analysis
Supported
Statistical Analysis
Supported
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Demand Planning Features
Capacity Planning
Supported
Data Visualization
Supported
Historical Reporting
Supported
Inventory Optimization
Supported
Planned vs Actual Tracking
Supported
Product Introduction Planning
Supported
Promotions Management
Not Supported
Replenishment Management
Supported
Sales Forecasting
Supported
Supply Forecasting
Supported
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Integrations
AWS AI Services
Supported
AWS App Mesh
Supported
Amazon S3
Supported
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Integrations
AWS AI Services
Not Supported
AWS App Mesh
Not Supported
Amazon S3
Not Supported
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