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Why Some Demand Plans “Burst” Into Flames in Your Location Channels Copyright Data Profits 2016

Forecasting and replenishment fire prevention slideshare

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Page 1: Forecasting and replenishment fire prevention slideshare

Why Some

Demand

Plans “Burst”

Into Flames

in Your

Location

Channels

Copyright Data Profits 2016

Page 2: Forecasting and replenishment fire prevention slideshare

Sometimes in retail, we feel

like all we are doing is putting

out fires.

Copyright Data Profits 2016

Page 3: Forecasting and replenishment fire prevention slideshare

We get bogged down in this week’s

problems so much so that we forget

to prevent next month’s or next

season’s fires.

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Page 4: Forecasting and replenishment fire prevention slideshare

You need time to

think and plan.

To be proactive,

not reactive.

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Page 5: Forecasting and replenishment fire prevention slideshare

When do you take off

your fireman’s

hat?

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Page 6: Forecasting and replenishment fire prevention slideshare

You may be familiar

with the

Eisenhower

Decision Matrix.

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Page 7: Forecasting and replenishment fire prevention slideshare

Important &

Not Urgent

Important &

Urgent

Not

Important &

Not Urgent

Not

Important &

Urgent

Copyright Data Profits 2016

Page 8: Forecasting and replenishment fire prevention slideshare

What is Urgent is rarely Important,

and what is Important is rarely

Urgent.

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Page 9: Forecasting and replenishment fire prevention slideshare

In other words:

FIRE PREVENTION

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Page 10: Forecasting and replenishment fire prevention slideshare

So how do you

prevent fires in

your retail

business?

4WAYS

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Page 11: Forecasting and replenishment fire prevention slideshare

Demand Forecasting

Not Sales Forecasting

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Page 12: Forecasting and replenishment fire prevention slideshare

Don’t just be satisfied with

an increase on last year’s

sales. Remember:

Lost

Sales

Promo

Sales

Calendar

Changes

CLICK

here to

read

more!

Market

Trends

Copyright Data Profits 2016

Page 13: Forecasting and replenishment fire prevention slideshare

Measure Forecast Accuracy

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Page 14: Forecasting and replenishment fire prevention slideshare

A bad forecast is like an ember waiting for a

good breeze or a match waiting for someone to

strike it.

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Page 15: Forecasting and replenishment fire prevention slideshare

It will have negative effects

on your orders, your in-

stocks, your open to buy, and

more, growing into a greedy

blaze before you know it.

Copyright Data Profits 2016

Page 16: Forecasting and replenishment fire prevention slideshare

Don’t Take Chances with Lead Times

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Page 17: Forecasting and replenishment fire prevention slideshare

Even the best laid plans

often go awry. Help

yourself, and your vendors,

to some fire prevention

with lead time forecasting.

Money-saving

Lead Time

Forecasting

tips

Ka-Ching!!

Copyright Data Profits 2016

Page 18: Forecasting and replenishment fire prevention slideshare

Exception Management

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Page 19: Forecasting and replenishment fire prevention slideshare

Use tools to help you

filter thru the piles of

information and define

what is important to you.

DELEGATE TO A COMPUTER!

Copyright Data Profits 2016

Page 20: Forecasting and replenishment fire prevention slideshare

What’s

important to

you?

Let us help

you find it!

Copyright Data Profits 2016

Page 21: Forecasting and replenishment fire prevention slideshare

Our iKIS™ demand

forecasting and supply

chain solution has robust

exception management

and collaboration tools to

help you and your team

ditch the firefighter

equipment for good.

Copyright Data Profits 2016

Page 22: Forecasting and replenishment fire prevention slideshare

Request FREE Demo

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“ Tighten the Links in your Chain™ ”

Copyright Data Profits 2016