To handle the industry’s complex demand patterns and vast dataset, Nextail’s fashion-specific forecasting algorithms were developed to be explainable, actionable and robust.
The platform that embeds fashion retail best practices for faster, smarter inventory decisions.
The Nextail merchandise platform allows fashion businesses to continuously align their execution decisions with market needs by incorporating hyper-local demand forecasting, global inventory optimization and AI-powered decision automation into their core merchandising operations.
To handle the industry’s complex demand patterns and vast dataset, Nextail’s fashion-specific forecasting algorithms were developed to be explainable, actionable and robust.
By automating the calculation of billions of data points simultaneously, Nextail can treat each SKU in every point of sale uniquely for accurate forecasts for new, recently introduced items and those with sporadic sales. Nextail can even detect product-level seasonality, elasticity and product lifecycle patterns.
Through forecasts that are more continually aligned with demand, fashion retailers reduce markdowns, free up OTB and time, reduce cover and improve sell-through, all with less inventory.
Demand forecasting is just the start of the story. State-of-the-art decision optimization models consider your unique business criteria, inventory availability and visual rules to further optimize inventory decisions.
Maximize collection profitability upstream with the right product mix and number of items based on a trade off between cannibalization, lower sell throughs and excess inventory versus missing sales opportunities.
Then, maximize full-price sales downstream with a meritocratic approach that sends each item to where it is most likely to sell, never overstocking.
Powered by the Snowflake data-cloud, Nextail delivers the processing power and storage you need no matter how your business needs change or data requirements grow.
No more hanging around, waiting for results – Nextail ingests and processes millions of products with countless variables in a matter of minutes.
And decoupled computing and storage layers deliver unlimited scalability when executing business processes.
We’re fully committed to solving the industry’s most critical challenges. From constant exploration of the latest technology, to rigorous stress-testing at every stage of development, we ensure everything we create delivers real value.
The outcome is mission-critical merchandise planning technology that enables data-driven decision-making and insight for unparalleled customer experiences and more profitability.
Nextail simplifies the way you visualize your data, making for quick adoption and an experience that merchandisers and planners love, because it was built by merchandisers themselves.
Nextail delivers advanced insights that help you better understand the “how” and the “why” behind the algorithms so you can take action with confidence.
Let our experts show you how Nextail can help your organization to sell more with less stock.