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What is DemFor?

Enhancing profit margins, gaining insights into competitor pricing, and accurately forecasting demand are significantly improved through the integration of AI and Machine Learning technologies. This innovative strategy led to an impressive 14.4% sales boost for a well-known American casual apparel brand by implementing more effective pricing models. By leveraging Intelligent Demand Forecasting, we combine the capabilities of machine learning with human intuition, considering a variety of influences such as local events, holidays, back-to-school seasons, school closures, community celebrations, social signals, and overarching economic trends. Our offerings include Demand Forecasting, Store Ordering, Purchase Order Recommendations, and optimized Shelf Space Allocation, all supported by ongoing Monitoring and Improvement processes. Moreover, we prioritize Intelligent Pricing to enhance sales realization and profit margins. By evaluating price elasticity across different products, locations, and times, we can strategically decide on suitable mark-ups or markdowns. Our Differential Pricing Strategies aim to avert a downward pricing spiral, while A/B testing allows us to effectively validate our approaches and results. In essence, our holistic approach not only addresses immediate sales objectives but also cultivates enduring growth and resilience in a competitive marketplace, ensuring that businesses can adapt to changing conditions and thrive over time.

What is Algopine?

We develop, manage, and implement predictive software solutions that utilize advanced data science and machine learning methodologies. Our software offerings are tailored for major e-commerce companies and retail chains, using machine learning techniques to forecast sales and improve inventory distribution in both stores and warehouses. Moreover, we provide a customized product recommendation system for online retailers that employs real-time Bayesian networks to deliver tailored product suggestions to visitors shopping on e-commerce platforms. In addition, we have created an automated pricing recommendation tool that enhances profitability by examining statistical models related to price and demand elasticity. Our services also encompass an API that identifies the most efficient routes for batch picking in a retailer's warehouse, leveraging sophisticated shortest path graph algorithms to enhance operational efficiency. Through these cutting-edge solutions, we strive to empower businesses to effectively address their customers' demands while optimizing their overall operations, ensuring they stay competitive in a rapidly evolving market. Ultimately, our goal is to foster innovation that drives success for our clients.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

NextOrbit

Date Founded

2014

Company Location

India

Company Website

www.nextorbit.com/en/

Company Facts

Organization Name

Algopine

Date Founded

2018

Company Location

Slovakia

Company Website

algopine.com

Categories and Features

Demand Planning

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

Categories and Features

Data Science

Access Control
Advanced Modeling
Audit Logs
Data Discovery
Data Ingestion
Data Preparation
Data Visualization
Model Deployment
Reports

Demand Planning

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

Pricing Optimization

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

Sales Forecasting

Competitor Analysis
Correlation Analysis
Dashboard
Dynamic Modeling
Exception Reporting
Graphical Data Presentation
Modeling & Simulation
Performance Metrics
Sales Trend Analysis
Statistical Analysis

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