Research papers support 80% of out-of-stocks are not the fault of the supplier. That means the majority of your lost sales can be quickly reduced by updating your processes and potentially your software. Read our recent story concerning the perils of weekly replenishment processes, seize your opportunity in your business to move ahead of the […]
ATLANTA, June 23, 2015 /PRNewswire/ — Data Profits Inc., (https://data-profits.com), a leading mid-market solutiondemand forecasting provider, announced today that The Empire Company LLC has selected Data Profits for their demand forecasting, order management, and replenishment solutions. The Empire Company LLC, headquartered in Zeeland, Michigan, is one of the largest millwork distributors in the United States. Their […]
80% of your product makes up only 20% of sales. Almost 30% of your product sells less than 1 per period. Managing the inventory for the 80% product mix is critical to raising profits and beating the competition. Retailers that continue to use top down replenishment strategies will not survive the new marketplace with the […]
ATLANTA, June 2, 2015 – When it comes to software-as-a-service (SaaS) providers, things aren’t always as they seem. In fact, some software vendors calling themselves SaaS providers may actually be representing Web-hosted or cloud-based services–which, although similar to SaaS, are typically less secure and more costly. Now demand forecasting company Data Profits wants to make […]
Is Your Inventory Optimization Solution Actually Leading to Profits? The Inventory Optimization link in your chain is a critical piece to increase profit. How much inventory do you carry to meet future service goals without overstock and high carrying costs? How often should you reorder, acquisition costs like inventory carrying costs will reduce profits. Your […]
What Do You Really Know about Demand Driven Demand Driven sounds impressive doesn’t it? Sales and marketing people keep saying you need to be ‘Demand Driven’ and let’s be honest, most marketing and sales folks are like politicians, they can say a lot that sounds amazing but do very little to support their message or […]
Is Your Inventory Replenishment Software Working? When you have out-of-stocks and overstocks at the same time, the question you need to ask is Do You Need better Inventory Replenishment Software? Inventory Replenishment is a critical link in your supply chain. Ask yourself, is your current inventory replenishment software delivering the best service levels to match […]
Promotions are Huge, That Doesn’t Mean Inventory Should Be You’re very familiar with the importance of promotions, how they can make or break sales figures for the quarter or even the year. But an extremely successful promotion brings to light a challenge: Inventory Replenishment. While we often think of general retail for sales events to […]
Customers Expect Retail Promotions Your Promotion Management process has become a critical link in your chain. Customers expect promotions and events in the marketplace today. How do you match the right inventory with the right products at the right location and price? Most of you build a promotion plan like always and then hope for […]
iKIS Promotion Management Module Provides Cutting Edge Retail Promotion Forecasting ATLANTA, July 22, 2014 /PRNewswire/ — Data Profits Inc. announced the release of their iKIS™ Retail Promotion Solution that extends End-to-End Promotion Planning for the Retail, Wholesale, and Grocery Industries. Data Profits (https://data-profits.com), a leading mid-market Supply Chain Management (SCM) solution provider delivering key demand […]