The Grocer Exchange, LLC, was founded in 2011 to champion the best interests of urban independent supermarket owners, the manufacturers whose products they sell, and the shoppers whom they serve. Using state-of-the-art technology to collect accurate cash register sales from urban independent markets in real time, the Grocer Exchange develops data that forms the foundation for a variety of products and services that support our key goals.
NextOrbit is a cloud-based product that uses data sciences driven recommendations to Predict and Mitigate Retail Out-of-Stock.
NextOrbit combines retail data (POS and others) along with weather, events (national & local), social media and macro economic data to produce fine grained signals of Out-of-Stock.
Time to value is 4 to 6 months. Combining external and retail data to occasion better predictive accuracies. Low capex. Cost-effective monthly subscription depending on number of SKUs and Stores. No long term contracts.
NextOrbit Benefits & ROI:
1-4% improved same store sales. Enhanced customer loyalty & customer experience. Optimized inventory. Greater than 10x ROI on your investment.