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Tag Archives: Collaboration Tools

End-to-End Customer Supply Chain Collaboration Data Profits’ Provides Tools Needed for Omni-Channel SuccessAtlanta, 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!

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Superior-Inventory-Optimization-Takes-Collaboration-Review-2-ThingsReview the Inventory Optimization Links in Your Chain

Inventory Optimization is often misunderstood due to the ‘creative marketing’ of many software companies that points people in the wrong direction. A well-known supply chain guru wrote an article recently stating that inventory optimization is dead. The reality is that inventory optimization should be a collection of math algorithms applied together to maximize your profit potential while meeting service goals for each product / location. The problem isn’t that this is new math; the issue is that enough people haven’t thought about the problem as a math problem. Most software isn’t written to handle the complex math fast enough to deliver dynamically updated answers to questions like ‘when should I order’ and ‘how much inventory should I carry?’
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