Lokad Review
What is Lokad?
Lokad is a Big Data analytics software/consulting solution for retail and eCommerce businesses. It addresses out-of-shelf monitoring, inventory optimization, fraud detection, pricing, and Big Data infrastructure. Its platform can handle retail and eCommerce challenges by combining cloud computing, Big Data technologies, and machine learning with deep sector knowledge.
Lokad is a web-based application that provides demand forecasting and inventory optimization. The tool helps you answer two fundamental inventory forecasting questions: “when to reorder?” and second, “how much to reorder?”
Comprehensive and detailed Excel reports are by default delivered, and it can produce flat file exports if you need an end-to-end automation of your company’s reordering process.
Lokad was named the 2010 Windows Azure Partner of the Year Award. It was named also recognized as one of 100 hottest startups in Europe by Wired Magazine in September 2012.
Show MoreOverview of Lokad Benefits
The tool is best suited for commerce firms of any size that want to optimize their inventory performance. It is simply not another inventory management tool; Lokad is actually an optimization layer intended to be utilized “on top” of your existing inventory management system.
The statistical analysis by Lokad basically relies on its advanced demand forecasting technology. It has developed a unique and outstanding “quantile” forecasting application that is capable of handling intermittent demand patterns that are frequently observed in commerce. Although its forecasting technology is highly advanced relatively, you do not need any statistical skills to fully use the system.
Lokad offers built-in support for your company’s several apps, especially multichannel order management software systems (MOMs).
While its technology can be accessible using self-service mode, it can also deliver hands-on assistance in optimizing commerce transactions of all sizes, in virtually all market segments located on most continents.
Show MoreOverview of Lokad Features
- Inventory forecasting
- Commerce analytics
- Pricing optimization
- Inventory intelligence
- Quantile grids
- Import historical data
- Better commerce management
- Sales analysis
- Stock analysis
- Gross margin analysis
- Supplier’s analysis
- Designed for collaboration
- Data visualization engine
- Flexible data exports
- Data qualification
- Competitive intelligence
How Much Does Lokad Cost?
Lokad Pricing Plans:
Free Trial
Express
Free
Basic
$150 per month
Professional
$450 per month
Enterprise
$1350 per month
Premier
By quote
What are Lokad pricing details?
Lokad Pricing Plans:
Free Trial
Express
Free
Basic
$150 per month
Professional
$450 per month
Enterprise
$1350 per month
Premier
By quote
All features are included in every plan.
Express: Free
- Does not expire
Basic: $150 per month
- 20% off for yearly payments
Professional: $450 per month
- 20% off for yearly payments
Enterprise: $1350 per month
- 20% off for yearly payments
Premier: by quote
User Satisfaction
Positive Social Media Mentions
19
Negative Social Media Mentions
0
We are aware that when you make a decision to purchase a Business Intelligence Software it’s crucial not only to find out how experts rank it in their reviews, but also to find out if the actual clients and businesses that bought these solutions are actually happy with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and Lokad reviews across a wide array of social media sites. The information is then presented in an easy to digest way indicating how many people had positive and negative experience with Lokad. With that information at your disposal you will be prepared to make an informed purchasing choice that you won’t regret.
Video
Technical details
Devices Supported
- Android
- iPhone/iPad
- Mac
Deployment
- Cloud Hosted
Language Support
- English
Pricing Model
- Monthly payment
- Quote-based
Customer Types
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for Lokad?
- Brightpearl
- Linnworks
- TradeGecko
- QuickBooks
- Vend
- Unleashed Software
- SkuVault
- Competera
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