Can You find the Profit in Your Data A recent report by the National Resources Defense Council found that grocery stores and other food stores are losing up to $15 billion a year in unsold fruits and vegetables. The losses are magnified by additional pains in the grocery market: consumers’ demand for more local food […]
Data Profits’ iKIS Provides Grocery Industry with Demand Forecasting, Alert and Exception Management and Complete Supply Chain Visibility Atlanta, October 2, 2012 – Grocers now have access to best-in-class demand forecasting, customizable exception management, and VMI with the Data Profits’ (https://data-profits.com) iKIS solution, which reduces loss in the supply chain and increases profits. Data Profits’ […]
We’re wrapping up an informative series on inventory optimization today: we’d like to give you some advice on actually putting it all in to practice. If you haven’t been with us throughout the month, the series has included: What’s the Payoff? What are the aims of Inventory Optimization? We argue that Inventory Optimization aims to […]
When is the last time your Inventory Optimization (IO) program saw the inside of a warehouse, the bed of a truck, or a container floating across the ocean? Most inventory optimization programs overlook the harsh realities of replenishment and logistics. How does your program stack up? Note: We’re in week four of our series on […]
Inventory Optimization – Do you know your Acquisition Cost In today’s tight economy, retailers like you are constantly looking for the best and most profitable ways to grow their business. Last week, we talked about inventory optimization and how a truly optimized inventory results in lower inventory and higher profits by managing a balancing act […]
Inventory Optimization doesn’t mean Out-of-Stock or Over-Stock Just last week, I was talking with a retailer who wanted to know how his optimized inventory resulted in overstock and out-of-stock at the same time. I hear this question all the time and the answer is simple. They don’t have a true demand driven optimized inventory because […]
As we discussed in part one of our Lead Time Forecasting series, time is money and an accurate lead time forecast is critical for your business. Lead Time forecasting is considered the time from when a Purchase Order is placed until the goods are ready and available to sell or ship off the shelf. This […]
Atlanta, July 17, 2012 – Data Profits (www.data-profits.com), developer of the iKIS™ solution delivers demand forecasting, inventory management, and collaboration tools to leading wholesalers/distributors, suppliers, and mid-tier retailers, announced today continued success with its iKIS Lead Time Forecasting Engine which provided a return on investment in less than 90 days for a Top 100 North […]
Time is money – making lead time forecasting critical for your business. Over the next three weeks we will take a deeper look at lead times and the impact they have on today’s retail market supply chain. A lead time of 60 days or more can become the largest influence in your safety stock due […]
Business Intelligence Tools Deliver Consumer Insight and Demand Forecast at New Levels of Detail and Accuracy Atlanta, June 28, 2012 – Data Profits (www.data-profits.com), developer of the iKIS™ solution which delivers demand forecasting, inventory management, and collaboration tools to leading wholesalers/distributors, suppliers, and mid-tier retailers, announced today a recent installation in a top 100 consumer […]