Retail
Retail has many challenges and opportunities with the multitude of products and the many different channels that are used to reach the customers (web, email, cell phone, store, and catalog). A balance must be maintained between new products, budget in-stock, and company growth plans. Data Profits’ iKIS provides Demand Forecasting, Alert and Exception Management, VMI and Supply Chain Visibility along with Business Analytics to propel our customers past the competition. Our fast 30 day install means you spend less time on the ‘project’ and start to see your ROI in 90 days. Our Software as a Service (SaaS) delivery means no large hardware cost, license fee, or maintenance fees will be front loaded into your project. Our solution costs less than 1/2 the competition price.
Demand Forecasting
Data Profits understands the complexities of retail including shelf life, investment, deal and promotions buying, all while taking into consideration all seasonal, market, and event factors to create an accurate demand forecast.
Powerful & Appropriate Forecasting
Data Profits’ unmatched number of algorithms provides on-demand processing for grocers so they can make immediate adjustments and help prevent out-of-stock from sales, promotions, or disasters on a daily basis. This demand forecasting can take place at both the store and distribution center level.
- BI Tools used with 14+ different Algorithms
- Unique product/ location Grouping tools
- Auto-Update group members based on business rules
- Alerts on groups created and sent to team and suppliers
- Increase the value of Alerts with On Demand Processing
Alert & Exception Management
Shelf life at both the distribution center and store level is integrated into Data Profits’ planning calculations. Customized exception management and alerts are essential for perishable products and dated products including calendars, coupons, and promotional products like seasonal packaging and bonus packs.
Prioritized Work, Targeted Effort
With so many SKUs in retail, Data Profits allows buyers, planners and management to prioritize their areas of business and provide real time alerts, accurate analysis, and recommendations.
Unlike other systems, Data Profits allows grocers to create dynamically updated groups based on custom business rules, hierarchy, weekly ads, or market events like weather, holidays, and emergencies (hurricanes and ice storms). This functionality automatically updates the forecast and orders for that “event” at a particular location or store based on all the influences.
- Create Alerts for your dynamic custom groups
- Select frequency of alert- daily, weekly, monthly
- Select user, supplier, roles, priority for Alert distribution
Supply Chain Visibility
iKIS is built to provide complete supply chain visibility all within one application. With drag and drop capabilities, users can input information top down or bottom up and provide information to anyone in the supply chain.
Customize with Business Users, not IT
This customization can take place without IT resources or additional fees. From vendors to planners to buyers to executives, everyone in the supply chain is aligned in one solution which reports the same results in an appropriate view for their job function.
- Real Time Collaboration -internal and external users
- Create and Shares Scorecards, Programs, Reports
- Create, Lock and Share Custom layouts to roles and users
- Individualize for Execs, Manager, DC , Store, Supplier
Vendor Managed Inventory
Vendor owned inventory is a common and necessary practice in many retail environments, especially retail. Data Profits’ iKIS solution allows accurate inventory information to pass safely between vendors and the grocer.
Information Security & Visibility
Only predetermined information passes out of the retail “firewall” to the vendor and vice versa. The vendor information is presented on customizable dashboards created by the grocer. This information transfer allows both the vendor and grocer to see the same information, achieve their desired service levels, make immediate adjustments rather than end of day to help prevent out-of-stock from sales, promotions, or disasters.
- Lower Costs, Faster Turn Around and Better Fill Rate
- Projections for Sales, Orders, Inventory Availability
- Alerts and Messaging in Real Time to Supplier and Internal Team
Demand Forecasting
Accurate Demand Forecasting drives effective and profitable inventory management, optimization, and replenishment solutions. Our next generation solution, iKIS, combines high-end statistics & projections with real-world BI and analysis. The result is unprecedented demand forecasting accuracy, out of the box.
With a better demand forecast, you’ll see:
- Accurate Stock Models (Order Point, Order-up-to-Level, etc.)
- Lower Safety Stock
- Order Cycle Projections
- Projected Orders
Inventory Optimization
Inventory Optimization increases your profits, calculating the most economical way for you to flow inventory (EOQ) and minimize costs.
Our order management solution maintains your service goals, pleasing your customers, vendors, and bottom line. We optimize:
- Acquisition Cost
- Carrying Cost
- Profit
Inventory Replenishment
See the future without dice, darts, or Excel.
Accurately forecast demand across all levels of your business. Now you can target inventory investments and customer opportunities. Now you can collaborate in real time with your suppliers to add value to the forecast.
- Exception Management
- Use Regular, Lost, Promo, Coupon, & CloseOut Sales
- Multiple algorithms
- Event/Promotion Aware