PriceMind

PriceMind

NextOrbit
+
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About

Retailers and e-commerce vendors share many, similar challenges such as unsold inventory and determining what optimal pricing is based on numerous factors such as inventory value, competitive landscape, the calendar and consumer sentiment. To solve many of these challenges, NextOrbit has developed technology which uses AI and ML to help sellers determine what to price their products. The solution consists of the following components: The NextOrbit PriceMind platform applies AI and Machine Learning to pricing decisions – improving profits and sales. The NextOrbit DemFor performs demand forecasting resulting in better inventory turns (more sales with the same or lesser inventory). The NextOrbit PriceEye competitor price discovery platform discovers competitors, and alerts you of their prices daily (or as often as your want). Intelligent Demand Forecasting Machine learning and human judgement - We help combine best of both worlds. We incorporate the impact of local events

About

Pricing software solutions providing entry level Price Management through to the most sophisticated Price Optimization and Automated Rules Based Pricing needs using ‘elasticity demand models’ that encapsulate the interaction and collision of prices along with other merchandising activities. This enables the system to then forecast the likely outcomes of different prices. The solution brings together all the elements of pricing necessary in today’s markets to implement and optimize Hi-Low, EDLP or a mix of those strategies through line item, brand, supplier, competitor and category rules and differentials, mixed with performance targets. The price optimization module enables you to maximize the overall profit, margin or contribution of a portfolio of products. Unlike other revenue optimization products we can optimize regular and promotional prices, separately or concurrently and on demand, taking the effects of each other into account.

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 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

Manufacturers and retailers interested in an AI and machine learning platform to handle pricing decisions – improving profits and sales

Audience

Retailers that need a price optimization solution

Support

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

Support

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

Pricing

No information available.
Free Version Not Supported
Free Trial 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:

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

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Supported

Company Information

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

Company Information

Retail Express
Founded: 2004
United Kingdom
www.retailexpress.com

Alternatives

DemFor

DemFor

NextOrbit

Alternatives

PriceEye

PriceEye

NextOrbit
Pricing Lifecycle

Pricing Lifecycle

Profimetrics
HyperOrbit

HyperOrbit

HyperOrbit Labs
DemandTec

DemandTec

Acoustic
SaleDrum

SaleDrum

Setcube Systems

Categories

Categories

Pricing Optimization Features

Channel Analysis Not Supported
Competing Product Analysis Not Supported
Forecasting Supported
Market Analysis Supported
Multi-Store Management Not Supported
Price List Management Supported
Price Optimization Automation Not Supported
Pricing Analytics Supported
Profitability Analysis Supported
Scenario Planning Not Supported

Pricing Optimization Features

Channel Analysis Not Supported
Competing Product Analysis Not Supported
Forecasting Not Supported
Market Analysis Not Supported
Multi-Store Management Not Supported
Price List Management Not Supported
Price Optimization Automation Not Supported
Pricing Analytics Not Supported
Profitability Analysis Not Supported
Scenario Planning Not Supported

Retail Management Features

Commission Management Supported
CRM Supported
eCommerce Supported
Email Marketing Supported
Employee Management Supported
Loyalty Program Supported
Mail Order Supported
Merchandise Management Supported
Multi-Location Supported
Order Management Supported
Purchase Order Management Supported
Reporting/Analytics Supported
Returns Management Not Supported

Integrations

No info available.

Integrations

No info available.
Claim PriceMind and update features and information
Claim PriceMind and update features and information
Claim Retail Express and update features and information
Claim Retail Express and update features and information