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What is ElasticRun?

ElasticRun is revolutionizing the way Indian consumers access both physical goods and digital services. By bridging the gap between businesses and previously overlooked consumers, it enables FMCG brands to connect directly with over 10 million Kirana stores in rural areas. Furthermore, the platform grants eCommerce access to more than 100 million customers and assists financial institutions in providing credit to approximately 100,000 rural outlets. By shedding light on data-sparse stores, ElasticRun delivers a vital competitive edge across multiple sectors. The high capital investments and fixed operational expenses associated with conventional networks often limit their reach into these markets. In contrast, ElasticRun utilizes crowdsourcing to create a no-capex, variable-cost network that significantly broadens access. Traditional networks often fail to cater to the small transaction demands of rural outlets, but ElasticRun's innovative model of aggregating supply and demand allows for efficient service to these individual stores. By acting as a seamless extension of a brand's existing network, ElasticRun reveals a substantial and untapped market opportunity. In essence, ElasticRun is a transformative force, establishing a no-capex, variable cost network that opens doors to over 10 million stores while reshaping the distribution landscape. This groundbreaking approach not only improves market accessibility but also stimulates economic development in rural areas, ultimately contributing to a more inclusive economy.

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.

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

ElasticRun

Company Location

India

Company Website

www.elastic.run/products.html

Company Facts

Organization Name

NextOrbit

Date Founded

2014

Company Location

India

Company Website

www.nextorbit.com/en/

Categories and Features

eCommerce

CRM
Catalog Management
Channel Management
Customer Accounts
Data Security
Email Marketing
Inventory Management
Kitting
Loyalty Program
Mobile Access
Multi-Store Management
Order Management
Product Configurator
Promotions Management
Returns Management
Reviews Management
SEO Management
Shopping Cart
Templates

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

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