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Lokad Review

Lokad
Our score: 7.6 User satisfaction: 100%

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.

Overview 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.

Overview 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

Lokad Position In Our Categories

Because businesses have particular business requirements, it is only practical they avoid going for a one-size-fits-all, ideal system. Just the same, it would be futile to pinpoint such an app even among recognizable software systems. The practicable step to undertake is to write down the different key functions that demand scrutiny like critical features, packages, skill aptitude of staff, organizational size, etc. After which, you must follow through the research thoroughly. Have a look at some Lokad analyses and explore the other applications in your shortlist more closely. Such detailed research guarantee you stay away from poorly fit software products and select the one which provides all the features you require company requires.

Position of Lokad in our main categories:

TOP 500

Lokad is one of the top 500 Business Intelligence Software products

Lokad is also listed in the following subcategories:

Since each organization has unique business wants, it is prudent for them to desist from looking for a one-size-fits-all faultless software solution. Needless to say, it would be pointless to try to find such a platform even among market-leading software applications. The intelligent thing to do would be to catalog the various important elements that require consideration such as main features, budget, skill levels of workers, company size etc. Then, you should do your groundwork thoroughly. Read some Lokad Business Intelligence Software reviews and check out each of the other apps in your shortlist in detail. Such comprehensive research can make sure you reject ill-fitting applications and select the app that offers all the elements you need for business success.

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

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 realize that when you make a decision to buy Business Intelligence Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Lokad reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Lokad. With that information at hand you should be equipped to make an informed buying decision 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?

  • email
  • phone
  • live support
  • training
  • tickets

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Lokad Comparisons

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

 

What integrations are available for Lokad?

  • Brightpearl
  • Linnworks
  • TradeGecko
  • QuickBooks
  • Vend
  • Unleashed Software
  • SkuVault
  • Competera
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Reviewed By Nestor Gilbert
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