NextOrbit Platforms and Solutions Pvt Ltd
NextOrbit is a cloud platform to predict and mitigate Out-of-Stock in Retail. Due to an average of 9% Out-of-Stock, US retailers lose $180 billion annually. If appropriately addressed, this can lead to 1-4% improvement in same store sales. Other benefits of implementing NextOrbit platform: – Enhanced customer experience – Improved average basket size – Optimized shelf replenishment operations The NextOrbit platform is priced on a subscription model. We charge per 100 SKUs or per category, per store location, per month. This makes it easy for retailer to select a category or set of SKUs, start small, experience benefits, and enhance scope (include more SKUs and/or store locations).
Focusing on improving business outcomes using a blend of industry knowledge, data sciences, optimization and predictive analytics.
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Improved full-price-sell-through, same-store-sales and inventory turns for a chain of grocery stores in US