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
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

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
24/7 Live Support
Online

Support

Phone Support
24/7 Live Support
Online

API

Offers API

API

Offers API

Screenshots and Videos

Screenshots and Videos

Pricing

No information available.
Free Version
Free Trial

Pricing

No information available.
Free Version
Free Trial

Reviews/Ratings

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

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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
Webinars
Live Online
In Person

Training

Documentation
Webinars
Live Online
In Person

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
SaleDrum

SaleDrum

Setcube Systems
DemandTec

DemandTec

Acoustic

Categories

Categories

Pricing Optimization Features

Channel Analysis
Competing Product Analysis
Forecasting
Market Analysis
Multi-Store Management
Price List Management
Price Optimization Automation
Pricing Analytics
Profitability Analysis
Scenario Planning

Pricing Optimization Features

Channel Analysis
Competing Product Analysis
Forecasting
Market Analysis
Multi-Store Management
Price List Management
Price Optimization Automation
Pricing Analytics
Profitability Analysis
Scenario Planning

Retail Management Features

Commission Management
CRM
eCommerce
Email Marketing
Employee Management
Loyalty Program
Mail Order
Merchandise Management
Multi-Location
Order Management
Purchase Order Management
Reporting/Analytics
Returns Management

Integrations

No info available.

Integrations

No info available.
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