Forecasting Methods
Does crunching all the numbers and compiling all the necessary data needed to create an “accurate” forecast make your life difficult and stressful? Data Profits understands your pain and we can help.
Are you feeling the pressures of inaccurate forecasts that lead to too much overstock inventory? Are you having difficulty creating accurate forecasts for a large number of SKUs with complicated buying patterns? Are you tired of dealing with best pick models that don’t take promotions and seasonal trends into consideration? Then Data Profits’ Consolidated Forecasting Method can help by providing you with one accurate version of the truth.
Goals
Through the use of Data Profits’ Consolidated Forecasting Method, your company can reach all of its forecasting goals:
- Improve or maintain service with the lowest inventory investment possible to:
- Increase Sales
- Decrease Excess Inventory
- Decrease Operating Expenses
- Increase Profits
- Improve your image in the eyes of your customer, positioning your company as the store with all the right products at the best price and availability
Benefits
What are the top 5 benefits of using Data Profits’ Consolidated Forecasting Method?
Data Profits’ Consolidated Forecasting Method is revolutionizing how your business does business and the benefits of the Consolidated Forecasting Method are unsurpassed:
- One centralized location to manage your forecast. You no longer need multiple systems; the iKIS solution provides you with all the tools you need.
- Lower cost of system ownership
- Forecast accuracy, meaning greater profit
- Better customer service
- Stronger financial plans