Atlanta, Georgia – Feb 13, 2018 – Data Profits Inc. (www.Data-Profits.com), a leading provider of mid-market retail forecasting and replenishment software, is proud to announce that they have been included in the prestigious Gartner Inc. 2017 Market Guide for Retail Forecasting and Replenishment Solutions. This Guide was compiled by Gartner Research VP, Mike Griswold, who has worked at Gartner for 12 years and has 32 years of industry experience. One of the Key Trends highlighted in 2017 Guide by Mr. Griswold is the growing importance of Machine Learning and Artificial Intelligence(AI) in forecasting and replenishment systems.
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ATLANTA, July 20, 2017 – Data Profits, a mid-tier retail and wholesale demand forecasting and replenishment SaaS system, releases a new video: “P’s of Retail”. This video highlights four ideas that need focus in replenishment software for retail/ wholesale business to thrive in the digital age. Data Profits, highly popular blog has argued against several publications that claim retail ‘brick and mortar’ is dead. Explanations for the death of ‘brick and mortar’ point to the failure of retail technologies to adapt the digital age. Legacy forecasting and replenishment systems do not have the technology needed to adapt fast enough to the market shift brought in by digital technology.
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Data Profits’ Demand Forecasting Software Solution Key to Retail IOT Survival
Atlanta, June 13, 2017 Data Profits updates their Demand Forecasting & Inventory Replenishment Software to offer additional tools to aid Retailers, Wholesalers, and Distributors with IoT Success and Survival. An April 22, 2017 CNN Money article states that it’s possible more than 8,600 brick-and-mortar stores will close their doors in 2017 (exceeds previous record set in 2008 of 6163 stores). This highlights the need for retailers to become adaptive or die. Retailers, wholesalers, and distributors must change inventory replenishment methodologies and software to adapt to quicker customer demand requirements. The IoT has changed the way people shop as well as customer expectations. “If a business does not adapt their replenishment to faster reaction times, they risk losing their customer, and ultimately their business,” said Stuart Dunkin, CEO Data Profits.
“It is not the strongest of the species that survives, not the most intelligent that survives. It is the one that is the most adaptable to change.” – Charles Darwin
ATLANTA, April 27, 2017 – The Data Profits Team has noticed the most Frequent Question we receive is “What is The Difference Between Demand Forecasting and Sales Forecasting?” In fact, our most-read blog of all time deals with this subject. Even though this blog post is over 5 years old, it still attracts thousands of users to our website www.data-profits.com each month.
Data Profits’ goal is to educate our customers and readers/viewers of our blogs, SlideShare presentations, and YouTube videos.
Data Profits’ Video: “See Differences Between Demand Forecasting and Sales Forecasting for Inventory Replenishment”
We realize that millennials and others learn better by watching a video rather than reading a blog. Therefore, we introduced a new video that helps explain the Difference Between Demand Forecasting and Sales Forecasting. Click Here to watch our new video. Even if you feel you know Difference Between Demand Forecasting and Sales Forecasting, you may pick up a few tips for educating others.
Atlanta, March 16, 2017 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 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!
Powerful SaaS Software Provides Retailers with Superior ROI via Unique Forecasting & Replenishment Business Intelligence Capability
Atlanta, Georgia – February 2, 2017 – Data Profits Inc. (www.Data-Profits.com), a leading provider of mid-market retail forecasting and replenishment software, is proud to announce that they have been included in the prestigious Gartner Inc. 2016 Market Guide for Retail Forecasting and Replenishment Solutions for the fifth time. Vendors included in the 2016 Market Guide are scored on an array of capabilities including customer size, geographic area served, being hosted on a common technology platform, as well as multi-channel planning capability, solution quality and accuracy. Read More
Atlanta, September 27, 2016 Data Profits, launches a new user-friendly and highly responsive Web site today. The new website will cover relevant topics like Forecasting to meet our user groups’ needs.
The goal at Data Profits is always to exceed our user groups’ expectations. Our customers wanted better teaching materials that focused on demand forecasting and inventory replenishment concepts. Our goal is to deliver user-friendly teaching and thought leadership materials to our users and also other companies that need new ideas to improve their demand forecasting and inventory replenishment. We knew these new materials needed to be delivered using modern social media like white board animation videos, memorable tweets, slide shares, and YouTube videos for immediate results. The team at Data Profits is committed to constantly evolving to the trends and demands in the marketplace to effectively manifest the best resources and tools like blogs, videos and SlideShares available.
ATLANTA, August 16, 2016 – At this critical time of year, retailers rely on seasonal merchandise to reach their Fall sales goals. Retailers are also deep into planning and buying for Halloween and Christmas goods for 2016. To help retailers assess their 2016 performance and get a jump on 2017, Data Profits is offering retailers their new “Seasonality Tool Kit” as a free download. The kit includes a seasonal index calculator and Data Profits’ best demand forecasting advice as well as other useful information for optimizing inventory during peak seasons.
“With retailers starting pre-Thanksgiving sales earlier and consumers pushing their online shopping into Cyber Week, seasonal selling patterns are changing rapidly,” says Stuart Dunkin, CEO of Data Profits. “Unfortunately, many retailers are relying on legacy systems that cannot react quickly enough to maintain service levels.”
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.”
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ATLANTA, June 23, 2015 /PRNewswire/ — Data Profits Inc., (http://www.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 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.
“Adopting Data Profits’ solutions will positively impact our cash flow, and give us better tools to maintain the high service levels our customers expect,” stated Empire’s Kevin Spalding, VP of Supply Chain. “The iKIS™ solution provides higher supply chain visibility, more accurate demand forecast, and streamlines our replenishment processes.”
“Social media has created a constantly changing marketplace, forcing retailers and distributors to adopt responsive demand forecasting and replenishment processes. The results from iKIS™ are unlike anything previously available from legacy distributor systems,” said Stuart Dunkin, CEO of Data Profits. “By focusing capitol spend on better selling products, our customers see higher service and sales.”
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