Master inventory calculations and anticipate future demand
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Master inventory calculations and anticipate future demand

As businesses reopen and customers resume spending, it’s more important than ever to have a full understanding of your stock. Having on hand what customers want today is crucial, but being able to anticipate what they will want or need in the coming months can be challenging to predict. Fortunately, by utilizing your business data, you can master inventory calculations to prepare for the future.

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Topics: Business Intelligence Basics, Industry - Wholesale Distribution, Industry - Retail, Job Role - Inventory/Operations, Inventory Management, KPIs and metrics

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Master inventory calculations and anticipate future demand

As businesses reopen and customers resume spending, it’s more important than ever to have a full understanding of your stock. Having on hand what customers want today is crucial, but being able to anticipate what they will want or need in the coming months can be challenging to predict. Fortunately, by utilizing your business data, you can master inventory calculations to prepare for the future.

Read more

Topics: Business Intelligence Basics, Industry - Wholesale Distribution, Industry - Retail, Job Role - Inventory/Operations, Inventory Management, KPIs and metrics

Carve out a competitive advantage by adding data analytics to your ERP

 

Data is increasingly vital to mid-market businesses who want to carve out a competitive advantage. Everyone working in wholesale or retail industries knows how easy it is for customers to swap suppliers when an issue arises or not, so data analytics may hold the key to keeping them. Build a case for data analytics to enhance your ERP system so you can adopt a whole-of-business approach to keeping customers.

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Topics: Business Intelligence Basics, Industry - Wholesale Distribution, Job Role - IT, Job Role - Executive, Industry - Retail, Industry - Consumer Goods

Apparel supplier quickly models scenarios using data analytics in a time of change

Gold Medal International (Gold Medal) is a premier apparel supplier to leading department stores and sporting goods retailers across the U.S. As COVID-19 has taken center stage around the world, the team leading the third-generation family-owned business has relied heavily on its reputation with retail customers and the industry to instill confidence in the future. Data analytics has helped it understand its situation and move fast.

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Topics: Case Study, Business Intelligence Basics, Industry - Wholesale Distribution, Job Role - Executive, Industry - Retail, decision-making, data analytics

Data analytics essentials for the COVID-19 crisis

The COVID-19 pandemic puts risk management and disruption strategies under the spotlight as companies experience limited supply and others are battling cashflow shortages. For businesses who move and sell products, inventory management can be a never-ending battle. During the shock of COVID-19, when supply and demand are volatile, managing stock presents further challenges. Strong visibility into your operations using data analytics principles can help manage inventory levels and keep cash flow steady.

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Topics: Business Intelligence Basics, Industry - Wholesale Distribution, Job Role - Executive, Industry - Retail, Job Role - Inventory/Operations, decision-making, data analytics

Phocas keen to grow after capital raisings

Business intelligence software company Phocas is almost two decades old, profitable and quickly approaching $50 million in revenue, but it believes a cash injection from OneVentures will help it more than double its revenue in the next three years.

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Topics: Industry - Manufacturing, Industry - Wholesale Distribution, Company Updates, Industry - Retail, data analytics, business intelligence software

Cross-selling know-how for front-line staff

Branches are the front lines of your business, leading the charge when it comes to customer touch points and building customer loyalty. Branch managers, their sales teams and support staff know your customers — many on a first name basis — and are the most qualified to recommend cross-selling opportunities to grow business. The best way to strengthen your front line is to give them access to the data that is relevant to their operations and customers, empowering them to cross-sell well.

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Topics: Industry - Wholesale Distribution, Job Role - Sales, Industry - Retail, cross-selling

Industries using business intelligence

Over the last decade, many industries have adopted business intelligence to help them lower costs, improve efficiency, spot trends, and take advantage of new opportunities. Companies who use business intelligence have found that they are better equipped to stay ahead of the competition. Without all the data, companies make critical choices based on intuition or whim. Whereas, business intelligence insights enable manufacturers, wholesalers, and retailers to form strategic decisions using accurate, timely and complete information.

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Topics: Industry - Manufacturing, Business Intelligence Basics, Industry - Wholesale Distribution, Strategy, Management and Performance, Industry - Retail, Job Role - Inventory/Operations

Seasonal stock control trends: Do you have your products ready?

seasonal-trends-do-you-have-your-products-ready

This time of year many businesses are dealing with seasonal demands and stock control. Seasonal trends come in many forms: increased sales of perfumes for the holidays, decreased sales in building products during the northern hemisphere winter, or increased sales of swimwear in the southern hemisphere summer.

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Topics: Industry - Wholesale Distribution, Industry - Retail, Job Role - Inventory/Operations

Phocas business intelligence software helps Hairhouse style new profits

phocas-business-intelligence-software-helps-hairhouse-style-new-profits

Hairhouse salons consolidate data, run stylish reports, and trim dead stock from their warehouse with easy-to-use Phocas business intelligence software. Hairhouse is an Australian based beauty salon and retail chain that offers hair-dressing services and hair and beauty products across 140 salons in Australia.

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Topics: Case Study, Job Role - IT, ERP - NetSuite, Industry - Retail, Job Role - Inventory/Operations

One-size-doesn’t-fit-all as BI solution helps shoe retailer measure performance

one-size-doesn’t-fit-all-as-BI-solution-helps-shoe-retailer-measure-performance

Allegro Funds, an Australian private equity firm, acquired Number One Shoes and Hannah’s retailers in 2017. With a network of 110 bricks and mortar stores across New Zealand and a combined market share of 30 per cent – the business is the perfect fit for Allegro, which specialises in investing in mid-market companies with transformation potential. In 2018, Phocas, a business intelligence (BI) solution, was deployed in the business to give front line staff, managers and leaders better visibility and insights into how the stores are performing – at store level, regionally and nationally.

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Topics: Case Study, Job Role - Executive, Industry - Retail

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