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Ace Hardware, Reddy Ice, MTD Products, and Subway Franchisee Advertising Fund Trust Tout Benefits of Business Weather Intelligence at Chicago Symposium
WAYNE, Pa., June 18 /PRNewswire/ -- Planalytics, Inc. hosted a Symposium
on Thursday, June 12th at Wrigleyville Rooftops inChicago. The event featured
presentations by clients Ace Hardware, Reddy Ice (NYSE: FRZ), MTD Products,
and Subway Franchisee Advertising Fund Trust (SFAFT). The speakers highlighted
the role of Planalytics in providing weather intelligence to better
understand, plan, and optimize their respective businesses.
"Our clients did a wonderful job sharing the actual experiences and
successes they have had applying weather intelligence to their business," said
Scott Bernhardt, COO for Planalytics. "For those that attended the Symposium,
I'm sure it was a real eye opener to hear firsthand accounts of how other
companies are proactively addressing this challenge. The speakers gave many
examples of how weather can be used on a day-to-day basis to take advantage of
opportunities, minimize risks, and manage costs."
Ace Hardware's Director of Inventory Control, Paul Sikes, pointed out
that, "We have been able to make weather part of the DNA and culture at Ace,
so that when we talk about sales opportunity, sales risk and past performance,
weather is now just a part of that." Sikes shared an example from '07-'08
winter season when Ace substantially increased inventories for snow removal
products based on Planalytics' projections. "We made an extra $10 million in
sales in a tough economy because we planned it and we bought it. We were able
to service 91% on the hottest seasonal category I've seen in years at Ace
because of the support of Planalytics and the actions we took off that
information."
Terri Hulesch, Insight Analyst for MTD Products, noted that before turning
to Planalytics the company had "wrangled with how to apply weather" to their
outdoor power equipment business for years. Hulesch also noted that with the
help of Planalytics, MTD is now "looking at weather-driven demand percentages"
and incorporating them into their forecasting systems. "Knowing preseason
where to anticipate demand is huge," said Hulesch.
Ben Key, Senior Vice President of Sales and Marketing for Reddy Ice
remarked that the company is "100 percent weather-driven ... selling 70
percent of its product in four months." Capitalizing on the sales
opportunities brought on by heat waves and severe weather such as hurricanes
or tornados is critical for an ice producer in the Sunbelt states. "We need to
be ready for that spike in our business," Key said. "We normally keep a
two-day inventory. So the more we can frontload (our retailers) with
information," the better equipped they are to handle the surge and have
product when the demand is highest.
SFAFT is a non-profit organization that provides marketing support to
Subway's franchised restaurants. Adam O'Hara, Manager of Reporting and
Analytics for explained in his presentation how the company isolates weather's
impact on sales through "a transaction-based model" specifically developed
with Planalytics. "Our weather-driven demand number is tied directly to what
percentage of our sales were up or down," O'Hara remarked. "You would be
amazed at the correlation between how our volume performs and how the weather
performs." Identifying the degree to which sales are impacted by weather
enables SFAFT to better measure the effectiveness of advertising and to
optimize the timing of programs going forward.
Recorded versions of these presentations can be requested by visiting
http://www.planalytics.com.
About Planalytics Inc.
Planalytics Inc. (http://www.planalytics.com) is the singular global
source of Business Weather Intelligence(R) -- the actionable information
companies need to understand and optimize the impact of weather on their
business. Weather is the most volatile of all external factors affecting
business performance and Planalytics helps companies proactively manage this
risk. Powered by an unparalleled database of weather's financial and
volumetric impacts, proprietary modeling technologies and market-specific
expertise, Planalytics' Business Weather Intelligence is essential to any
company, in any industry, looking to effectively shape strategies, pinpoint
opportunities and make more profitable decisions.
SOURCE Planalytics, Inc.
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