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Press Releases

7 Reasons Demand Driven Is More Than a Buzz Word

ATLANTA, June 2, 2015 – When it comes to software-as-a-service (SaaS) providers, things aren’t always as they seem. In fact, some software vendors calling themselves SaaS providers may actually be representing Web-hosted or cloud-based services–which, although similar to SaaS, are typically less secure and more costly. Now demand forecasting company Data Profits wants to make sure potential clients know the critical between SaaS and Web-hosted solutions.

“Many vendors have latched onto SaaS as a buzzword but have not actually built an architecture supporting that model,” said Data Profits founder and CEO Stuart Dunkin. “Prospective clients may not be aware of that key point, but the difference is important. True SaaS entails efficiencies that Web-hosted services cannot match, not to mention a significantly smaller risk profile.”
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iKIS Promotion Management Module Provides Cutting Edge Retail Promotion Forecasting

ATLANTA, July 22, 2014 /PRNewswire/ — Data Profits Inc. announced the release of their iKIS™ Retail Promotion Solution that extends End-to-End Promotion Planning for the Retail, Wholesale, and Grocery Industries.
Data Profits (https://www.data-profits.com), a leading mid-market Supply Chain Management (SCM) solution provider delivering key demand driven forecasting and inventory replenishment functionality that leads to higher supply chain performance and profitability, is excited to offer new functionality to its customers and their suppliers that provides an end to end solution for trade promotion planning and execution.
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Data Profits Chosen by Gartner Research for Inclusion in 2013 Forecasting and Replenishment Guide for Retailers

Leading mid-market SaaS Supply Chain & Planning solution highlighted by Gartner

Atlanta, September 17, 2013 – Data Profits Inc. has been selected by Gartner Research to be included in their latest research report titled “The Gartner Retail Forecasting and Replenishment Vendor Guide, 2013,” published in August 2013. In this annual guide, Mike Griswold, Research VP at Gartner, analyzes the available SCM solutions to identify the key demand driven forecasting and inventory replenishment functionality that leads to higher supply chain performance and profitability. This guide is designed to be the starting point for retailers to select an appropriate solution provider based on forecasting and replenishment initiatives.
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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’ (https://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.
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Data Profits’ Proven Demand Forecasting Retail Inventory Solution Now Available for Grocery

Data Profits’ iKIS Provides Grocery Industry with Demand Forecasting, Alert and Exception Management and Complete Supply Chain Visibility

Atlanta, October 2, 2012 – Grocers now have access to best-in-class demand forecasting, customizable exception management, and VMI with the Data Profits’ (https://www.data-profits.com) iKIS solution, which reduces loss in the supply chain and increases profits. Data Profits’ iKIS, “Internet’s Keeping Inventory Simple,” is a Software as a Service (SaaS) solution that leverages big data and the latest technology to accurately forecast with a 30 day install at less than 1/2 the cost of the competition.

“Data Profits understands the complexities of grocery including shelf life, investment-buying, deal and promotions buying, all while taking into consideration all seasonal, market, and event factors to create an accurate demand forecast,” said Stuart Dunkin, CEO of Data Profits. “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.”
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Atlanta, July 17, 2012 – Data Profits (www.data-profits.com), developer of the iKIS™ solution delivers demand forecasting, inventory management, and collaboration tools to leading wholesalers/distributors, suppliers, and mid-tier retailers, announced today continued success with its iKIS Lead Time Forecasting Engine which provided a return on investment in less than 90 days for a Top 100 North American Retailer. The Data Profits’ iKIS solution allowed a retailer to negate more than a million dollar inaccuracy in lead time planning by accurately forecasting when product would arrive at their distribution warehouse.

“The retailer’s losses were caused by missed sales due to inaccurate lead times. Their inventory planning and vendor compliance systems were not able to quickly react to the dynamic marketplace,” said Stuart Dunkin, CEO of Data Profits. “The Data Profits’ iKIS solution tracks real time changes to purchase orders and lead time to quickly adjust order amounts to meet fulfillment goals. As part of the process, vendors and buyers were automatically alerted to changes, vendor behavior, associated costs and the iKIS system updates based on proprietary business intelligence (BI) tools and forecasting algorithms.” Read More

Improving Forecast-Accuracy-Delivers High ROIBusiness Intelligence Tools Deliver Consumer Insight and Demand Forecast at New Levels of Detail and Accuracy

Atlanta, June 28, 2012 – Data Profits (www.data-profits.com), developer of the iKIS™ solution which delivers demand forecasting, inventory management, and collaboration tools to leading wholesalers/distributors, suppliers, and mid-tier retailers, announced today a recent installation in a top 100 consumer electronics retailer which resulted in improved forecast accuracy from 16.9 percent to 98.2 percent with return on investment realized in the first 60 days.

“In today’s world of technology savvy consumers and big data, retailers must find an efficient way to merge business intelligence, forecasting and customer insight into usable information that creates results. Our recent success showcases the return on investment our iKIS solution provides by translating the retailer’s big data into consumer insights,” said Stuart Dunkin, CEO of Data Profits. “Unlike legacy systems in the market that have simply upgraded to a web interface, our software is built to work online, analyze the huge amounts of customer data at high speeds and translate the analysis into consumer insight – demand forecast. As you can see in the recent example, this provides a very accurate demand forecast.”

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Data Profits Forecast Accuracy

iKIS forecasting solution provides top results in less than 90 days through uniquely accurate forecasting.

ATLANTA, Sept. 14, 2011 /PRNewswire/ — Atlanta-based Data Profits (www.data-profits.com) announced that iKIS, its unified forecasting solution, enabled Pamida, an Omaha-based regional operator of general merchandise stores and pharmacies, to achieve market leading results. With Data Profits, Pamida increased its total health department sales by 3 percent while decreasing related inventory costs by 25 percent during the first quarter of 2011.

“The inventory forecasting provided by iKIS is affording Pamida better inventory productivity and working capital advantage, allowing us to bring new inventory and better prices to our valued customers,” said Pamida’s CEO John Harlow.

Unlike other enterprise software and systems that focus only on the products that are in-stock, iKIS’s unique mid-market solution looks at the broader measurement of customer service level goals, purchase orders and replenishment levels. Through iKIS’ unique combination of data modeling, vendor collaboration tools and accurate forecasting, Data Profits ensures that the right inventory is available at the right location when a customer is ready to purchase.

“The results provided by iKIS are unlike any previously available from legacy retail systems or other business intelligence software on the market,” said Data Profits’ CEO Stuart Dunkin. “By decreasing inventory, we are providing retailers with increased capital to spend on better-selling products that customers want while ensuring higher service levels.”

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ATLANTA, GA (February 1, 2011) — Today Data Profits (www.data-profits.com) announced that its patent-pending, business intelligence software, iKIS, enabled Pamida, a Midwest retailer, a net decrease in inventory while experiencing a positive sales trend. Data Profits’ iKIS software made it possible for Pamida to lower its inventory investment dollars so that the 185-store retailer could reallocate a portion of the capital saved toward meeting customer demand. ROI was realized in the first 30 days. Read more

ATLANTA, GA (August 25, 2010) — Data Profits, a national SaaS-based company focused on the sales and supply chain space, announced today the release of the next version of its award-winning iKIS software solution. Already companies are experiencing tremendous cost and time savings, utilizing Data Profits’ iKIS 5.2 software, which is the only solution on the market today that allows for near real-time collaboration. A Midwest Tier 1 retailer with over 200 stores experienced more than $1 million in savings upon completion of its pilot project using iKIS version 5.2. In fact, the iKIS 5.2 solution reduced the Tier 1 retailer’s working capital by almost one week of inventory while increasing “in stock” performance by two percent.
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