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Time to Tighten the Links in your Chain™
A high-ranking executive at a U.S. retailer was recently faced with a serious issue; his company was being outsold by a competitor who was gaining considerable market share. “How can this be?” he thought to himself. We have the best legacy system available to help us with industry forecasting. What the executive didn’t know was that his competitor had stepped into the 21st century and away from the legacy systems of yester-year. When the executive assembled a team of company leaders to figure out what the competitor was doing so differently to be so successful in the marketplace, they were shocked…
Latest Press Release - Data Profits Empowers a Demand-driven Strategy for Retailers Gearing up for Holiday Shopping
Empowering Retailers with a Demand-driven Strategy for Holiday Shopping
ATLANTA, October 13, 2015 – For retailers, planning for the 2015 holiday shopping season – the season that can make or break the sales year—has been in process for months. In the case of shelf-stable stock, large purchase orders are already sitting on retail shelves. Leveraging technology to deliver actionable insights and forecasts, Data Profits provides retailers with the tools to ensure a profitable, nearly worry-free holiday season. Retailers can now take advantage of their free download “Data Profits 5 Step Checklist for Retailers to Gear Up for Holiday Shopping Season.”View More Press Releases
Latest Blog - New Seasonal Index Lessons from History
Is Your Demand Forecasting Solution Actually Leading to Profits?
A seasonal index, or seasonal multiplier, is a figure that is used to adjust a demand forecast, either raising it or lowering it for a period of time. The result of the calculation (product base forecast x seasonal index) can be used to determine the inventory needed to support sales during that period of time. A holiday like Memorial Day, a season like spring, or an event like the Super Bowl is often better serviced by applying a seasonal index across the year.View More Blogs