Building suppliers and manufacturers must embrace new technologies to better respond to challenges, overcome threats, and take advantage of opportunities to further grow their business.
NB: This is an excerpt from our latest eBook: 'Building Supplies and Distributors: How to increase sales and improve stock management'. To download the full eBook, click here.
Building is currently forecast to account for more than 13.2 per cent of global gross domestic product (GDP) by 2020, however, if the industry fails to address the underlying challenges in productivity, profitability and performance, growth may stagnate.
It’s not just industry shifts in raw materials that suppliers and manufacturers are facing. Shifting markets and the emergence of regional instability has resulted in currency fluctuations, which need a more advanced approach to managing risk.
The building industry is now having to quickly adapt to technology – such as cloud-based software, integrated collaboration, and mobile business intelligence – to increase efficiencies and improve profit margins.
Using data to make better decisions
Building suppliers and manufacturers generate huge sums of data from their customers, and increasingly more from other areas of the business such as stock management, staff performance, and sales results.
But many are still unaware of how their data can be optimized, or think they have it covered because they have an Enterprise Resource Planning (ERP) system.
Analyzing data through complex spreadsheets or asking IT to run reports, however, can have a significant impact on a business’s ability to make quick decisions, which are necessary to remain competitive, let alone surge ahead of the competition.
In this eBook, we will review how analyzing your data can be done quickly and easily with industry leading business intelligence (BI) software. We will discuss the benefits of BI over ERP and other operational systems, how BI can help improve your overall sales, and why BI is an important solution for helping suppliers and manufacturers manage stock levels.
NB: This is an excerpt from our latest eBook: 'Building Supplies and Distributors: How to increase sales and improve stock management'. To download the full eBook, click on the button below.
Category: Business Intelligence Software Company about: Phocas Software is a leading business intelligence software firm created by Myles Glashier and Paul Magee in 1999. Phocas has built its model on exceeding customer expectations. We help our customers make data-driven business decisions, uncover new sales opportunities and improve business efficiency by offering an integrated data solution. Whether you are an IT Manager who would like to spend less time performing reports, a Finance professional looking for a quicker way to drill down on a P&am ...
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