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How to avoid and eliminate dead stock

Many companies have experienced a dead stock "graveyard" of products that can no longer be sold. Dead stock reduces cash flow that could be used to purchase new revenue-generating stock. It also takes up precious warehouse space that profitable products could occupy. Inventory management strengthens the success of any retail business. In this blog we’ll discuss ways to reduce dead stock.

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Topics: Job Role - Inventory/Operations

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How to avoid and eliminate dead stock

Many companies have experienced a dead stock "graveyard" of products that can no longer be sold. Dead stock reduces cash flow that could be used to purchase new revenue-generating stock. It also takes up precious warehouse space that profitable products could occupy. Inventory management strengthens the success of any retail business. In this blog we’ll discuss ways to reduce dead stock.

Read more

Topics: Job Role - Inventory/Operations

3 steps to successful data analysis with business intelligence

So, your BI tool is in place. Quality data is starting to flow from databases and resources into the central database. The next critical process for BI success is analysis.

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Topics: Job Role - IT, Strategy, Management and Performance, Job Role - Executive

[eBook] Data analytics software for wholesale distribution businesses

Data analytics software can turn your wholesale distribution data into actionable intelligence.

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Topics: Business Intelligence Basics, Industry - Wholesale Distribution

Why do users disengage from BI?

Several months ago, your company launched an enterprise-wide business intelligence initiative. This included a new BI platform that promised to integrate with all your systems and databases, as well as be user friendly. At launch, there was tremendous enthusiasm for the initiative and the chosen BI platform. 

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Topics: Job Role - Executive, business

5 things to look for when choosing a business intelligence tool for your business

At the end of 2015, the BI market was in a state of unrest. “Big Data, cloud services, predictive analytics and data science are continually innovating spaces that feed into BI, constantly changing the role it plays within enterprises and a growing number of small to midsize businesses.”

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Topics: Job Role - IT, Strategy, Management and Performance, Job Role - Executive

Achieving business intelligence success through stakeholder engagement

In order for a business to succeed with its business intelligence projects, stakeholder engagement from start to finish is key. By engaging in continuous communication with a variety of staff at different levels, you can help ensure the project lives up to every stakeholder’s requirement.

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Topics: Job Role - IT, Strategy, Management and Performance, Job Role - Executive

The role of the executive in a data-driven organization

While business intelligence brings actionable data to managers and other relevant employees within the organization, executive support remains the key driver of success or failure. 

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Topics: Job Role - IT, Strategy, Management and Performance, Job Role - Executive

Data – your greatest business asset

According to Gartner, 80 per cent of CEOs claim their data is an asset but only 10 per cent say that their company actually treats it that way. 

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Topics: Job Role - IT, Strategy, Management and Performance, Job Role - Executive

Business Intelligence Blog - Your Year in Review (2016)

In 2016, Phocas Software's Business Intelligence Blog soared to new heights. Thanks for joining us on the ride. 

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Topics: Business Intelligence Basics

Business Intelligence vs. CRM: Which one is best for you?

There is a constant debate on whether Customer Relationship Management (CRM) or Business Intelligence (BI) is more effective in helping a business succeed. This is because BI and CRM tools share a number of the same functions – most notably in using historical data to identify key trends that businesses can leverage to their advantage.

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Topics: Business Intelligence Basics, CRM

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