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What is PriceMind?

Retailers and e-commerce platforms encounter numerous common challenges, such as holding excess stock and determining ideal prices, which are affected by factors like inventory value, competitive landscape, seasonal shifts, and consumer preferences. In response to these challenges, NextOrbit has developed cutting-edge technology that harnesses artificial intelligence and machine learning to guide sellers in formulating optimal pricing strategies for their offerings. This groundbreaking solution encompasses several essential components: the NextOrbit PriceMind platform, which employs AI and machine learning to refine pricing decisions, ultimately leading to increased profits and sales; the NextOrbit DemFor tool, which enhances demand forecasting for improved inventory turnover; and the NextOrbit PriceEye platform that monitors competitor pricing, delivering timely notifications about their pricing tactics as frequently as needed. By fusing intelligent demand forecasting with a combination of machine learning and human expertise, NextOrbit successfully integrates the advantages of both methodologies while factoring in the impact of local events on market trends. This all-encompassing system not only fine-tunes pricing strategies but also significantly boosts overall business performance, ensuring that retailers are adequately prepared to adapt to fluctuating market conditions. Furthermore, it empowers businesses to make data-driven decisions, ultimately fostering a more resilient and agile retail environment.

What is Orbit Eval?

Orbit Eval is an integral component of the Orbit Software Suite, designed as an analytical tool for job evaluation. This process serves to systematically assess and rank jobs within an organization, ensuring that a uniform set of criteria is applied to each role. Utilizing analytical schemes enhances objectivity and rigor in the evaluation, thereby facilitating a structured rationale for the different rankings assigned to jobs. This approach significantly reduces gender biases by employing a consistent methodology throughout the evaluation process. Additionally, Orbit Eval is user-friendly, transparent, and assures consistency in its evaluations. With minimal training required, it can be easily operated by users. The tool is cloud-based, complete with access permissions for security. Furthermore, Orbit Eval(c) allows users to upload their existing paper-based evaluation schemes, accommodating various systems like NJC, GLPC, and others, thus providing flexibility and integration for diverse organizational needs. This capability makes Orbit Eval an invaluable resource for organizations looking to modernize and streamline their job evaluation processes.

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

Turning Point HR Solutions Ltd

Company Location

United Kingdom

Company Website

www.turningpointhr.com

Categories and Features

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

Categories and Features

Job Evaluation

Benchmarking
Compensation Management
Evaluation Reports
Factor-based Evaluation
Job Comparison
Job Description Creation
Job Scoring

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