Business intelligence (BI) is no longer the new kid on the block, but when it comes to analyzing data it is still the most reliable.
Press Release Business Intelligence
Understanding the reasons behind lost sales is critical to stopping the leak and increasing sales in the future. Performing a lost sales analysis is one of the best ways to identify where improvements to your sales strategy are needed. This blog will explore the benefits of using your business data to evaluate lost sales.
Despite sharing a common goal of increased sales, many companies find their sales and marketing departments to be out of sync.
Since 1937, Daifuku has been world-class Automated Materials Handling Company – conveying, storage, sorting, picking and controls. We have a global network of offices and subsidiaries that offer design, engineering, sales, installation and commissioning of an Automated Storage and Materials Handling System.
PPI Automotive serves mechanics across the Pittsburgh, Pa., region with quality automotive aftermarket parts. The family-owned business opened in 1974 and changed ownership in 2004. Currently, PPI has 30 employees operating from three locations, including its main warehouse in Pittsburgh and distribution centers in Carnegie and the North Hills. The company is considering adding a fourth location in the next year to ensure that it can meet its commitment to customer service, which includes a 30-minute delivery window.
To remain competitive in today’s marketplace it is crucial that a business has the ability to transform vast amounts of data into actionable information in the form of Business Intelligence (BI).
Due to budget and time constraints, some managers believe business intelligence (BI) will not be worth their investment. They may believe they are saving the company money, when it fact there are specific ways the failure to implement BI will cause the business to lose money. This blog will examine a few of those costs.
Data analytics is the key to remaining competitive in today’s marketplace
“We are drowning in information but starved for knowledge” according to best selling author, John Naisbitt. Today’s businesses have the ability to collect an extraordinary amount of information on everything from customer buying patterns and feedback to supply chain management and marketing efforts. Are you drawing value from your data?
Consumer goods businesses typically have a large variety of products and a high turnover rate. With an abundance of fast moving stock, how can you use data to your advantage?
When businesses face challenges gaining value from a business intelligence (BI) solution, it may seem like the software is causing more trouble than it is worth. However, the challenges are often not due to the business or to the software alone, but rather due to the mismatch between the two.
A business that brings in new customers, but is poor at retaining existing customers, is not likely to be operating at optimal performance.
A growing business must focus on things like marketplace demand, customer service, and sales margins, to name a few. However, executives should also take care to foster a strong company culture that will help ensure business success.
Customer churn rate is one of the most crucial figures for a company as its rise can jeopardize the future of the business.
DemandPlanner is a premier sales forecasting and demand planning web-hosted software by SIBIA Analytics and Consulting Services Pvt Ltd. The business intelligent software is targeted towards the core operational challenges for the decision-makers in the retail business. It is aggregates the historical sales data with the inventory at the individual SKU level for a unit store – and provides short and long run forecasts of sales. This level of granularity helps prepare a detailed inventory plan, which helps minimize inventory distortion for lost sales opportunities or out-of-stock and prevent the burden of overstocked items.
In today’s economy, many businesses find themselves in competition with online retailers and large corporations that are able to offer reduced prices. In order for David to compete with Goliath, businesses must utilize every opportunity to gain an advantage.
Many businesses use spreadsheets for a variety of needs. They are a great way to organize information, and if used correctly, can add value to an organization in a number of ways. If spreadsheets are used as a source of data analytics, however, challenges often arise.
Phocas is set to introduce Shopping Basket Analysis in 2018.
With fingers in many pies, executives need to be smart with their time. Having a thorough insight into the many facets of your business is the key to ongoing success, and it doesn’t need to be complicated.
User adoption refers to the acceptance of a new system or process. Gaining staff acceptance is an important consideration for companies hoping to move from an old system (such as spreadsheets) to a newer, more comprehensive and efficient system such as business intelligence.
In today’s blog, we will explore five trends in the building and industrial materials industry.