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

Safeaid turns to business intelligence software to maintain customer satisfaction

Safeaid Supplies is an English manufacturer and supplier of personal protective equipment. The company started out of a garage in 1976 and has grown to include 20 employees who service the entire country with guaranteed next day delivery. Safeaid prides itself in providing responsive, first-class customer service. With its continued growth, the company turned to business intelligence software to maintain customer satisfaction.

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Topics: Industry - Wholesale Distribution, Job Role - Executive, ERP - NetSuite, Job Role - Inventory/Operations

5 data trends business managers can monitor to rebound faster

During this time of uncertainty, business managers must have the ability to cut through the noise so they can see what’s happening and understand the changes taking place in their businesses. Accurate and timely data will help you decide which areas of your business are critical and where to focus.  Full visibility of your operations allows you to determine data trends so you can make fact based decisions and rebound faster.

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Topics: Business Intelligence Basics, Job Role - Finance, Industry - Wholesale Distribution, Job Role - Executive, Dynamic reporting, data analytics

5 ways to use business intelligence software to adapt to the new normal

Phocas customers operate in distribution, manufacturing and retail, so they're always analyzing their data to improve business performance. Covid-19 has impacted everyone; some are experiencing spikes in demand, whereas others have had to pivot exclusively to online sales. While the situation is different for every business, the common thread is using business intelligence software to make critical decisions about inventory, cash flow and how best to serve their customers to adapt to the new normal.

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

Muk haircare uses data analytics to go deep into the detail

Muk is an Australian haircare brand, established in 2006. Its products are designed for hairdressers and include everything from the technical 100 plus range of hair colours to hairdryers and speciality shampoos and conditioners. The company has limited supply issues as a result of the pandemic because factories and warehouses are operating. Still, the industry is facing a dramatic drop in the traditional demand for products due to the disruption to hairdressing salons. Muk is using data analytics to recommend the best product mix for customers and to boost the morale of its sales reps.

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Topics: Case Study, Industry - Wholesale Distribution, ERP - MYOB EXO, Job Role - Executive, data analytics

Inventory optimization helps American Metals Supply adapt to change

Independent wholesaler American Metals Supply (AMS) provides sheet and coil steel, prefabricated duct and fittings, and HVAC products to commercial construction projects. The company operates out of eight locations serving customers in twelve states across the middle of the U.S. Typically, over half of AMS inventory is tied up in raw steel. The rest consists of flex duct, pipe fittings, prefab fittings, venting, spiral pipe, connection systems and other products used by HVAC contractors. Critical during this time is inventory optimization, monitoring closely what’s on hand, as well as projected inventory levels to uncover areas to address.

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Topics: Case Study, Industry - Wholesale Distribution, Industry - HVAC/Plumbing, Industry - Building & Industrial Supplies, Job Role - Inventory/Operations, data analytics

Five ways data analytics helps cash flow management during a downturn

With the global economy in trouble, many companies are unable to maintain desired profit margins and generate the cash flow required to fund normal operations. For distribution businesses, use your data to prioritize who's buying and who's selling, and then determine what specific products customers are buying and whether you can supply those products. Data analytics provides strong visibility into the sources and uses of your cash and will help determine how both ends of your supply chain are holding up.

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Topics: Business Intelligence Basics, Job Role - Finance, Industry - Wholesale Distribution, Job Role - Executive, Financial Statements, Dynamic reporting, data analytics

Equipment Controls uses data visualization tools to support customers

For the past 55 years, Equipment Controls Company (ECCO) has provided natural gas measurement products, gas control products, and data acquisition products and services to a variety of utility and non-utility customers. Success, especially during the difficult times is a function of the company's culture and principles built on a commitment to customer relationships. Reliable data visualization tools help ECCO navigate the changing marketplace and keep the business moving.

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Topics: Case Study, Business Intelligence Basics, Industry - Wholesale Distribution, Job Role - Executive

Inventory management metrics to handle demand volatility

Due to the current health crisis some wholesalers are experiencing intense demand for certain products such as hand sanitizer, disinfectants, medical supplies, and personal protective equipment. As such, these companies are struggling to meet ongoing demand because of supply chain disruption. Yet wholesalers in industries such as fashion and homewares have an oversupply of goods because customers have paused operations. Maintaining the supply-demand balance is challenging for all at the moment. By putting inventory management metrics to work will help you be more flexible and keep your team focused on customers and suppliers who continue to trade.

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

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