Audience

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

About DemFor

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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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
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Integrations

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Company Information

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

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Product Details

Platforms Supported
Cloud
Training
In Person
Support
Phone Support
Online

DemFor Frequently Asked Questions

Q: What kinds of users and organization types does DemFor work with?
Q: What languages does DemFor support in their product?
Q: What kind of support options does DemFor offer?
Q: What type of training does DemFor provide?

DemFor Product Features

Demand Planning

Capacity Planning
Data Visualization
Historical Reporting
Inventory Optimization
Planned vs Actual Tracking
Product Introduction Planning
Replenishment Management
Sales Forecasting
Supply Forecasting
Promotions Management