Increase data visibility into your business
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Increase data visibility into your business

Business leaders want to make decisions faster and with more efficiency.  Without visible data that is accessible and organized, it’s nearly impossible to make well-informed decisions. Liked driving a car on a foggy road at night, you will have difficulty identifying the best route or avoiding potential obstacles on the road. However, with data visibility, you have the clarity to make good decisions at the right time, as well as the flexibility to respond to potential challenges.

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Topics: Business Intelligence Basics, Industry - Electrical, Job Role - Executive

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Increase data visibility into your business

increase-data-visibility-into-your-business

Business leaders want to make decisions faster and with more efficiency.  Without visible data that is accessible and organized, it’s nearly impossible to make well-informed decisions. Liked driving a car on a foggy road at night, you will have difficulty identifying the best route or avoiding potential obstacles on the road. However, with data visibility, you have the clarity to make good decisions at the right time, as well as the flexibility to respond to potential challenges.

Read more

Topics: Business Intelligence Basics, Industry - Electrical, Job Role - Executive

Established BI solutions vs. in-house development

Established BI solutions vs in-house development

Management teams are no longer questioning whether or not to dig into the data; rather it’s which is the best tool to use for their businesses: an established, dedicated data analytics solution or software developed in-house. IT managers usually lead the project to find the best solution for the ERP and tech stack. Have you considered the resources, usability, scalability and cost associated with each path?

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

5 important characteristics of an effective KPI

five-important-characteristics-of-an-effective-kpi

For a growing business to remain competitive, it’s important to regularly track how its company-wide goals are progressing. Setting key performance indicators (KPIs) is one of the easiest ways to do this. 

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

Are you treating your data as an asset?

manage-data-as-an-asset

While most executives understand that their data is an asset, many haven’t harnessed the valuable insights accessible with a data analytics solution.  The immense amount of data you generate may seem impossible to understand, but data analytics will transform it into clear, actionable information.  Another way at looking at data, if you closed your doors tomorrow, what would the new owner be most interested in? – the products on your shelves or the insights into your customers?

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Topics: Business Intelligence Basics, Job Role - Executive, Job Role - Marketing

Beat your competition with the data you already have

5-metrics-every-sales-manager-know-measure-webinar.jpg

In the course of daily operations, companies often generate a great deal of data that can be leveraged to gain a significant advantage over their competition. This data includes information about sales, marketing, inventory, financials, employees and more.

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

Reduce costs with data analytics

reduce-costs-with-data-analytics

Your seemingly unimportant data can be used to help your company lower costs which increases profits. When companies gain more experience in analyzing data, the real costs to serve become more visible. Instead of cutting costs at random, data analytics provides insight to make strategic adjustments. Companies who can quantify gains from analyzing data report an average 10% reduction in costs each year. In addition to lowering costs, data analysis helps companies invest capital more efficiently. 

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Topics: Business Intelligence Basics, Job Role - Executive, Job Role - Inventory/Operations, Job Role - Marketing

Stewart’s of Scotland concentrates on profitability with Phocas

stewarts-of-scotland-concentrates-on-profitability-with-phocas

Phocas data analytics is exhibiting at the UBT Trade Expo 2019 in Warwick this week. This three-day event is for UK business leaders, and you can meet the Phocas team at stand #10. We are keen to share with you how other UBT members are using our solution to find insights from their data and create better outcomes for customers and stronger margins for their products. 

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Topics: Business Intelligence Basics, Job Role - Sales, Job Role - Executive, Job Role - Inventory/Operations

Validate decisions with data

validate-decisions-with-data

Do you ever make decisions on the run? Have you dropped the price on a product by a few percent for a good customer and then found they didn’t increase sales and you lost money? Whether you have a family-run organization or an international company, data should be the foundation of your strategic decision-making.  With the right data analysis and tools, what was once a gut-feel decision becomes actionable insight that will lead to greater business success.

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Topics: Business Intelligence Basics, Industry - Electrical, Industry - Building & Industrial Supplies, Job Role - Executive, Job Role - Inventory/Operations, Job Role - Marketing

How to customize your data?

how-to-customize-your-data

Individuals have unique ways of perceiving the world around them.  This includes how they extract meaning from their data. Some people prefer to see as much information as possible. While others favor a more simplified report. At Phocas, we pride ourselves on offering flexibility. Here are three videos that demonstrate how to customize your data according to your needs.

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Topics: Job Role - Finance, Product, Job Role - Executive

Can data analytics motivate a sales team to perform better?

can-data-analytics-motivate-a-sales-team-to-perform-better

Sales are a huge part of any business so nurturing a high performing sales team makes good sense. Yet most sales managers find improving their sales team’s productivity a key challenge of their job.  Data analytics have proven to make the sales process more strategic and a great tool to keep sales teams on track.

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Topics: Business Intelligence Basics, Job Role - Sales, Job Role - Executive

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