Lokad Review

Lokad OUR SCORE 76%
starting price $150
our score 76%
free trial
  1. What is Lokad
  2. Product Quality Score
  3. Main Features
  4. List of Benefits
  5. Technical Specifications
  6. Available Integrations
  7. Customer Support
  8. Pricing Plans
  9. Other Popular Software Reviews

What is Lokad?

Lokad is a robust Big Data analytics platform that is designed for eCommerce and retail businesses of all sizes. It is a reliable solution that handles inventory optimization, out-of-shelf monitoring, fraud detection, Big Data infrastructure, and pricing. the platform combines machine learning, Big Data technologies, and cloud computing to address the challenges faced by retail and eCommerce businesses. Lokad offers tools that enable business owners to streamline inventory optimization and demand forecasting. It enables businesses to know when to order and how much to reorder. Besides, Lokad delivers detailed Excel reports and allows flat file export to power the end-to-end reordering processing automation.

Product Quality Score

Features
7.7
Ease of use
7.8
Customer support
7.4
Value for money
7.5
7.6
TOTAL SCORE

Lokad features

Main features of Lokad are:

  • Flexible data exports
  • Gross margin analysis
  • Data qualification
  • Data visualization engine
  • Supplier’s analysis
  • Sales analysis
  • Better commerce management
  • Import historical data
  • Commerce analytics
  • Designed for collaboration
  • Inventory forecasting
  • Quantile grids
  • Competitive intelligence
  • Stock analysis
  • Pricing optimization
  • Inventory intelligence

Lokad Benefits

Benefits

The main benefits of Lokad are powerful capability, advanced demand forecasting, and innovative technology. Here are the details:

Powerful Capability

Lokad is more than an inventory management tool. It is a powerful Big Data analytics and consulting solution that is built with commerce firms of different sizes. The platform is architected as an optimization layer that should be deployed “on top” of the underlying inventory management system.

Advanced demand forecasting

Better still, Lokad utilizes innovative demand forecasting technology. The solution implements an exceptional “quantile” forecasting technique that addresses the intermittent demand patterns frequently observed in eCommerce. The best part is that you don’t have to be an IT guru or have prior statistical skills to accomplish demand forecasting with Lokad.

Innovative technology

Moreover, Lokad technology is accessible via self-service mode. The technology also delivers hands-on experience assistance, making it easy for business owners to optimize transactions regardless of the volume and their market segments.

Technical Specifications

Devices Supported

  • Web-based
  • iOS
  • Android
  • Desktop

Customer types

  • Small business
  • Medium business
  • Enterprise

Customer Support Types

  • Phone
  • Online

Lokad Integrations

The following Lokad integrations are currently offered by the vendor:

  • Brightpearl
  • Tradegecko
  • QuickBooks
  • Stichlabs
  • Vend
  • Shopify
  • Magento
  • NetSuite
  • Megaventory
  • Piwik

Video

Customer Support

Phone
Online

Pricing Plans

Lokad pricing is available in the following plans:

Free trial
EXPRESS
Free
BASIC
$150/month
PROFESSIONAL
$450/month
ENTERPRISE
$1350/month
PREMIER
Contact vendor
Do you have a B2B product you’d like us to review?
Request A Review