ATLANTA, March 16, 2017 /PRNewswire/ -- Data Profits provides Distributors, Retailers, and Wholesalers with Demand Forecasting and Inventory Replenishment Collaboration tools needed for Omni-Channel success.
Data Profits goal is to exceed our customers' expectations with new tools needed for end to end collaboration. Unlike our competitors, we allow customers to determine the tools screens, alerts and degree of collaboration they extend to their users and suppliers.
Data Profits' Demand Forecasting Difference
Many demand forecasting and inventory replenishment collaboration solutions do not allow real time data access to vendors. Legacy software reporting solutions are NOT end to end collaboration. Data Profits' delivers real time access to data, also allowing vendors direct access to the demand forecasting and inventory replenishment tools.
Real time collaboration requires safeguards in place to protect the information you want to share. Data Profits developed a user security structure that allows our customers to define product/ locations a user can access and options to view only or make changes to demand forecast, orders and settings. iKIS™ user data security structure empowers customers with real time end to end collaboration. Whether information is received via our Reporting Solution with reports scheduled and emailed to all relevant users or signing into the live data in the system; security is extended based on products, locations, roles, management level and company. Also, iKIS™ has custom configurable user alerts auto sent to users when critical events occur. Ever have a promotion that sells faster than demand forecast, how long did it take you to notify the supplier and then take an action. Imagine a customer alert for that promotional item which anticipated the need to order more merchandise and sent a message to supplier with the product, location and inventory replenishment required before you ran out!
Data Profits' Collaboration Tools for End-to-End Omni Channel Success
Data Profits' Collaboration doesn't end with a demand forecasting system. iKIS™ Extends the inventory replenishment process to set service goals, pallet rounding, review order points, order amount, lead time forecast and most important – How Often to reorder to maximize service while minimizing inventory carrying costs. iKIS™ calculates the most profitable replenishment reorder quantity. Customers can determine if suppliers are directly involved in inventory replenishment reorder processes or just receive a report, and purchase orders. Again, all automated by business rules our customer defines by location, supplier and product or product group.
Data Profits' Omni Channel Success without Rolling Dice
Data Profits' Collaboration tools help customers meet rapidly changing markets. 'Tweets' and Instagram can change the demand for a product instantly. Retailers and wholesalers know a roll of the dice isn't the best choice for inventory management. End-to-End collaboration from the supplier to the end-user, linking relevant groups in an instant is the only way to beat competition. You need to know what's going to happen and your inventory system needs to respond with orders, engaging relevant suppliers and people before you open your first email. End-to-End linked in a live Software as A Service system, iKIS can send out updates monthly to meet the changing landscapes for inventory replenishment in the retail and wholesale world. Linked, connected, demand forecast, orders, and custom alerts all tied into one version of the truth. No need to roll the dice.
About Data Profits (www.data-profits.com)
Data Profits provides mid-market retailers, distributors and grocers with meaningful insights into inventory management, helping them identify opportunities to improve their demand forecasting and increase profits. After spending more than two decades working with top-tier retailers and software suppliers, Stuart Dunkin founded Data Profits in 2007 with the goal of facilitating the relationship between demand forecasting data, business goals and people. Developed from the ground up as a flexible SaaS solution, iKIS™ by Data Profits delivers a set of critical abilities including demand forecasting, inventory replenishment, collaboration with deep demand forecasting visibility, and proactive management alerts. Using iKIS™, teams can work within one business network to see immediate results on demand forecasting activities. Data Profits' real-world experiences demonstrate solid thought leadership with a 30-day install that returns significant ROI for customers in 90 days, driving actions to "Tighten the Links in Your Chain™."
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SOURCE Data Profits