DemFor

DemFor

NextOrbit
+
+

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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.

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.

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

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

Audience

Anyone looking to improve forecasting without having any machine learning experience yet

Audience

Online merchandisers looking for a tool that offers predictive algorithms, which works on retailer data combined with competitor pricing

Support

Phone Support Supported
24/7 Live Support Not Supported
Online Supported

Support

Phone Support Supported
24/7 Live Support Not Supported
Online Supported

API

Offers API Not Supported

API

Offers API Not Supported

Screenshots and Videos

Screenshots and Videos

Pricing

No information available.
Free Version Not Supported
Free Trial Supported

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported

Training

Documentation Not Supported
Webinars Not Supported
Live Online Not Supported
In Person Supported

Company Information

Amazon
Founded: 1994
United States
aws.amazon.com/forecast/

Company Information

NextOrbit
Founded: 2014
India
www.nextorbit.com/en/

Alternatives

Alternatives

PriceEye

PriceEye

NextOrbit
Autobox

Autobox

Automatic Forecasting Systems
PriceMind

PriceMind

NextOrbit
Odyx yHat

Odyx yHat

Odyssey Analytics
MLmargin

MLmargin

KG Intelligence
DemandPlanner

DemandPlanner

Demand Planner
Prophecy

Prophecy

Data Perceptions
QU

QU

Quantiful

Categories

Categories

Demand Planning Supported

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

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

Integrations

AWS AI Services Supported
AWS App Mesh Supported
Amazon S3 Supported

Integrations

AWS AI Services Not Supported
AWS App Mesh Not Supported
Amazon S3 Not Supported
Claim Amazon Forecast and update features and information
Claim Amazon Forecast and update features and information
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Claim DemFor and update features and information