Audience
Manufacturers and retailers interested in an AI and machine learning platform to handle pricing decisions – improving profits and sales
About PriceMind
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
Other Popular Alternatives & Related Software
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.
Learn more about DemFor
PriceEye
Pricing For Profit, Competitor Price Discovery, Demand Forecasting. Enabled By AI & Machine Learning. Intelligent Demand Planning. 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. Continous Monitoring And Improvement. Intelligent Demand Planning. 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 effectiveness of recommendations Continuous monitoring and improvement Intelligent Demand Planning Pr
Learn more about PriceEye
XPLN Suite
XPLN is one of the leading solutions for collecting current market data, e-commerce price optimization and comprehensive services in the field of Digital Shelf Analytics. A strong focus on technology, innovation and proximity to the customer enable us to deliver higher quality data to our customers and help them grow their business through valuable insights and confident decisions about offers and positioning. Many well-known retailers and brands trust in us.
XPLN automatically collects market prices from online channels about your own and competitors' offers. Brands and retailers can track online ratings, stock levels, prices, marketplace ranking, and other metrics on a centralized platform. Clients can also define product repricing strategies based on configured rules, utilize the price monitoring engine to determine required changes, and manually or automatically adjust prices in the database. Further protect your brand through MAP monitoring and detecting unauthorized sellers.
Learn more about XPLN Suite
Orbit Analytics
Empower your business by leveraging a true self-service reporting and analytics platform. Powerful and scalable, Orbit’s operational reporting and business intelligence software enables users to create their own analytics and reports. Orbit Reporting + Analytics offers pre-built integration with enterprise resource planning (ERP) and key cloud business applications that include PeopleSoft, Oracle E-Business Suite, Salesforce, Taleo, and more. With Orbit, you can quickly and efficiently find answers from any data source, determine opportunities, and make smart, data-driven decisions. Orbit comes with more than 200 integrators and connectors that allow you to combine data from multiple data sources, so you can harness the power of collective knowledge to make informed decisions. Orbit Adapters connect with your key business systems, and designed to seamlessly inherit authentication, data security, business roles and apply them to reporting.
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Integrations
No integrations listed.
Company Information
NextOrbit
Founded: 2014
India
www.nextorbit.com/en/
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Product Details
Platforms Supported
Cloud
Training
Live Online
Support
Phone Support
Online
PriceMind Frequently Asked Questions
Q: What kinds of users and organization types does PriceMind work with?
PriceMind works with these users and organization types: Mid Size Business, Small Business, Enterprise, Freelance, Nonprofit, Government, and Startup.
Q: What languages does PriceMind support in their product?
PriceMind supports these languages: English.
Q: What kind of support options does PriceMind offer?
PriceMind offers support via phone support and online.
Q: What type of training does PriceMind provide?
PriceMind provides training in the form of live online.
PriceMind Product Features
Pricing Optimization
Forecasting
Supported
Market Analysis
Supported
Price List Management
Supported
Pricing Analytics
Supported
Profitability Analysis
Supported
Channel Analysis
Not Supported
Competing Product Analysis
Not Supported
Multi-Store Management
Not Supported
Price Optimization Automation
Not Supported
Scenario Planning
Not Supported
