Supply Chain Visibility
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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’ iKIS Now Provides Real-Time Supply Chain Visibility
Speed, Data Granularity, and Groups Combined with Actionable Customization Will Drive Profits in 2013
Atlanta, December 19, 2012 – In 2013, mid-tier retailers, distributors, and grocers will increasingly need real-time actionable insight their into supply chain to drive behavior changes and profitability. Data Profits’ (http://www.data-profits.com/) iKIS supply chain visibility solution provides actionable insights, allowing companies to access granular data across both internal and supplier and/or logistics data sources, translating big data into analysis based on computer generated statistics which is coupled with human intellect. The alerts and recommendations are actionable within the Data Profits’ SaaS (software as a service) solution without opening several legacy applications.View More Press Releases
Lead Time is increasingly ignored as the culprit responsible for out-of-stock. Today, logistics costs have plummeted while logistics capability has skyrocketed. RFID tags, consolidation of logistic companies, and instant internet information have all contributed to lower costs and better operating efficiencies. This has helped instill a belief that Out-of-Stocks associated with lead time are generally blamed on the supplier, not on logistics or process.
The supplier issues that create out-of-stocks may include: