Atlanta, GA (PRWEB) June 20, 2012
Data Profits (http://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 a recent successful implementation with a top 100 retailer. The retailer experienced market leading results including a 25 percent inventory reduction, more than three percent same store increase in sales and gross margin with a 90 percent forecast accuracy all in less than 90 days.
Data Profits' BI tools deliver consumer insight and demand forecast at new levels of detail and accuracy. Merging BI analytics, demand forecast and planning tools with vendor and buyer collaboration provides clear, accurate, and extensive knowledge of consumer buying habits allowing retailers to reduce inventories, but stay in-stock with the right products at the right location, delivering increased sales for Data Profits' customers. Data Profits’ “Internet’s Keeping Inventory Simple” or iKIS, provides the first collaborative-based, industry-wide view of the retail supply chain for the thousands of mid-market retailers with annual sales of $50 million to $15 billion, installed in just 30 days.
“Now more than ever, retailers need the right product, at the right place, at the right time delivered at the lowest cost,” said Stuart Dunkin, CEO of Data Profits. "At one-tenth the cost of other enterprise supply chain solutions, the results provided by iKIS are unlike any previously available supply chain or business intelligence software on the market. Our software service provides enterprise-level inventory optimization tools that deliver collaborative planning, forecasting and replenishment (CPFR).”
Results Count - The iKIS Difference
Data Profits’ recent implementation at a top 100 retailer is just one example of Data Profits’ ability to successfully tighten the links in the supply chain. iKIS provides leading wholesalers/distributors, suppliers, and mid-tier retailers with a short 30 day install and a typical 90 day return on investment providing better service to consumers, higher sales, lower inventory and lower operating costs for the retailer.
Unlike other enterprise software systems that focus only on the products that are in-stock, iKIS' unique solution looks at the broader measurement of customer service level, purchase orders and replenishment levels. With an integrated and easy to customize forecasting solution, unique data cleaning tools and inventory optimization wizards, iKIS determines the most profitable time to place orders ensuring that the right inventory is available at the right location when a customer is ready to purchase.
About Data Profits:
Data Profits, Inc. provides demand forecasting, inventory replenishment, inventory optimization, demand planning, allocation and collaboration as a web service (SaaS) to retailers, wholesalers, and their supply chain partners. Data Profits’ vision enables customers to find profit in their data by tightening the unwieldy supply chain. The iKIS suite of solutions delivers via Software as a Service (SaaS), sales, inventory, unified forecasting, purchase order management, replenishment and planning tools in a customizable format. The cloud-based software sits on top of existing legacy systems, saving retailers considerable time and money with their rapid results of 30 days installation and 90 days ROI. Management dashboards, executive scorecards, and vendor collaboration tools provide unique opportunities for each customer to 'tighten the links in their chain™.’
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Deanna Anderson, APR