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What is Nextail?

Elevate your merchandising effectiveness by embracing a flexible, data-driven approach that enhances operational efficiency and accelerates results. By utilizing automation and predicting demand at a hyper-local level, you can streamline inventory, enhance sales performance, and enable your teams to make data-informed choices. It's essential to move away from antiquated merchandising practices, including WSSI and other historical methodologies. Nextail offers algorithm-based, retail-oriented solutions that not only boost adaptability and productivity but also minimize manual processes and uncertainty. Combat isolated stock challenges by implementing dynamic buffers that permit daily modifications in volume allocation between online and brick-and-mortar channels. This strategy not only reinforces the expertise of your buyers but also empowers them to acquire the ideal quantity of new products by accurately forecasting local demand. By adopting mid-term, bottom-up forecasts at the SKU level, you can ensure that purchasing decisions are primarily based on 80% data and merely 20% intuition, fostering a more analytical and strategic perspective on inventory management. In essence, this shift empowers retailers to swiftly adjust to evolving market conditions and consumer preferences, ultimately leading to a more responsive and resilient business model. Adopting such an innovative approach will not only keep your merchandising relevant but also enhance overall customer satisfaction.

What is ABM Inventory?

In the world of commerce, stocks include a variety of items such as commodities, raw materials, and both finished and intermediate products, all of which signify financial investments that we expect to yield returns. To maximize these investment returns, effective inventory management is essential. Numerous strategies can be employed to manage inventory efficiently. One notable model is the Theory of Constraints, which offers a modern business management framework via Dynamic Buffer Management (DBM), aimed at maintaining high product availability while reducing stock levels. In addition to DBM, we introduce a unique approach for overseeing manufacturing inventories called Demand Driven Material Requirements Planning (DDMRP), which synchronizes inventory levels with current demand. By adopting a dynamic buffer management system that reflects actual sales and demand, organizations can significantly improve their operational efficiency and adaptability to market fluctuations. This strategy not only optimizes inventory management but also plays a vital role in enhancing overall financial health and competitiveness in the marketplace. As companies embrace these methodologies, they position themselves to navigate the complexities of supply and demand more effectively.

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

Nextail Labs

Date Founded

2014

Company Location

Spain

Company Website

nextail.co

Company Facts

Organization Name

ABM Cloud

Date Founded

2009

Company Location

Estonia

Company Website

abmcloud.com/en/solution/inventory-management/

Categories and Features

Inventory Management

Alerts/Notifications
Barcoding / RFID
Forecasting
Inventory Optimization
Kitting
Manufacturing Inventory Management
Mobile Access
Multi-Channel Management
Product Identification
Reorder Management
Reporting/Analytics
Retail Inventory Management
Supplier Management
Warehouse Management

Categories and Features

Inventory Management

Alerts/Notifications
Barcoding / RFID
Forecasting
Inventory Optimization
Kitting
Manufacturing Inventory Management
Mobile Access
Multi-Channel Management
Product Identification
Reorder Management
Reporting/Analytics
Retail Inventory Management
Supplier Management
Warehouse Management

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