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
Ease of use
Value for money
Main features of Lokad are:
Flexible data exports
Gross margin analysis
Data visualization engine
Better commerce management
Import historical data
Designed for collaboration
The main benefits of Lokad are powerful capability, advanced demand forecasting, and innovative technology. Here are the details:
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.
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.
Customer Support Types
The following Lokad integrations are currently offered by the vendor:
Lokad pricing is available in the following plans: