Lead Time is an important factor in any demand-driven forecasting or retail replenishment system. It drives your order points and helps you place orders at just the right time. If your lead time is inaccurate you will quickly find yourself overstocked or understocked.
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 […]
What Demand Forecasting tools are needed in your Demand Forecasting software? Watch and learn in 2 minutes the questions you need to ask when reviewing demand forecasting software. SlideShare lists 3 critical things missing in 80% of inventory replenishment and demand forecasting software today. Learn how these three things react to the new internet of […]
As June passes we think ‘vacation’. A tropical island is my vacation dream. My northern friends often ask how can I stand the extreme heat of the tropic. The answer to that question is also the highlight of our content this month – I adapt fast. The human body of is highly adaptable. “Our bodies, […]
Data Profits’ Demand Forecasting Software Solution Key to Retail IOT Survival Atlanta, June 13, 2017 Data Profits updates their Demand Forecasting & Inventory Replenishment Software to offer additional tools to aid Retailers, Wholesalers, and Distributors with IoT Success and Survival. An April 22, 2017 CNN Money article states that it’s possible more than 8,600 brick-and-mortar […]
Are Brick Stores Really the Dinosaurs of Retail? When will the asteroid IoT (internet of things) change the retail landscape into a permanent wasteland? Some claim retail brick stores are a dinosaur waiting for the big asteroid IoT to hit and end it all. Many say retail is at the end of its days and […]
You Are Probably Experiencing these Forecasting Problems Demand Forecast should be a forecast of future need from your customers. Most people fail to notice the little things wrong in their forecasting software that result in expensive over stocks and out of stocks. The 3 hot issues are: integer based forecast (whole number forecast), big data […]
We know millennials along with the rest of us learn better watching a video. YouTube and others have littered the internet with misinformation they call demand forecasting. Because the software says demand forecasting doesn’t mean it is demand forecasting, ha – obvious, right? Did you know there are differences in demand forecasting and sales forecasting? […]
ATLANTA, April 27, 2017 – The Data Profits Team has noticed the most Frequent Question we receive is “What is The Difference Between Demand Forecasting and Sales Forecasting?” In fact, our most-read blog of all time deals with this subject. Even though this blog post is over 5 years old, it still attracts thousands of […]