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.”