Inventory optimization has two significant components: acquisition cost and carrying cost. If either of these factors is inaccurate, you could be leaving money on the table. An accurate carrying cost calculation can be the difference between a highly profitable inventory optimization program and one that forces you to close your doors. Carrying Cost Mistakes: Inventory Optimization […]
You Are Probably Experiencing these Forecasting Problems Demand Forecasting should be a forecast of future needs for your customers. Most people need to notice the little things wrong in their forecasting software that result in expensive overstocks and out-of-stocks. Three Common Forecasting Software Issues are:
What is Lead Time? Why Is it Important? Lead Time is the length of days between when an order is placed and the date the goods are available for use. The largest impact to lead time accuracy is found by comparing the expected receipt date to the actual receipt date for each purchase order. In […]
The Missing Component in Replenishment Software Demand-Driven Inventory Replenishment Approach sounds nice. Moreover, if your inventory replenishment software relies on demand forecasting and include demand concepts to figure out which items to order, when to order them, and how many to order. Tell us have you reached perfection? Sadly, most inventory replenishment software apps are […]
Atlanta, Georgia – Feb 13, 2018 – Data Profits Inc. (www.Data-Profits.com), a leading provider of mid-market retail forecasting and replenishment software, is proud to announce that they have been included in the prestigious Gartner Inc. 2017 Market Guide for Retail Forecasting and Replenishment Solutions. This Guide was compiled by Gartner Research VP, Mike Griswold, who […]
ATLANTA, July 20, 2017 – Data Profits, a mid-tier retail and wholesale demand forecasting and replenishment SaaS system, releases a new video: “P’s of Retail”. This video highlights four ideas that need focus in replenishment software for retail/ wholesale business to thrive in the digital age. Data Profits, highly popular blog has argued against several […]