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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 - The Empire Company, a Leading Lowe’s Distributor, Selects Data Profits to Improve Service and Sales
ATLANTA, June 23, 2015 /PRNewswire/ — Data Profits Inc., (http://www.data-profits.com), a leading mid-market solution demand 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 product lines include: moulding, stair parts, hardwood and softwood boards, plank paneling, PVC products, decorative moulding accessories, and columns. The Empire motto, “The customer always comes first”, has been the underlying theme to their success and growth. Finding a new partner to continue their success was a key decision for their organization’s future.View More Press Releases
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 inventory optimization solution needs to balance how much to carry, how often to reorder, demand rates, gross profits, pick quantity, supplier minimum, and business rules with a methodology (the math) that maximizes your profits while minimizing your risks.View More Blogs