How DIFOT helps prepare retailers for Cyber Monday?
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How DIFOT helps prepare retailers for Cyber Monday?

Next Monday following Thanksgiving is ‘Cyber Monday’. This day has quickly become one of the largest online shopping days of the year. With a 17.9% year-over-year increase in sales, this year’s Cyber Monday is expected to be the largest online shopping day in history. To all the retailers participating – we trust your e-commerce, stock and shipping procedures are ready for the extra attention. For those considering getting involved in 2020 –get started now –and use DIFOT to ensure your customers have a good experience.

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Topics: Job Role - Sales, Industry - Retail, Job Role - Inventory/Operations, Industry - Consumer Goods, KPIs

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How DIFOT helps prepare retailers for Cyber Monday?

how-DIFOT-helps-prepare-retailers-for-cyber-monday

Next Monday following Thanksgiving is ‘Cyber Monday’. This day has quickly become one of the largest online shopping days of the year. With a 17.9% year-over-year increase in sales, this year’s Cyber Monday is expected to be the largest online shopping day in history. To all the retailers participating – we trust your e-commerce, stock and shipping procedures are ready for the extra attention. For those considering getting involved in 2020 –get started now –and use DIFOT to ensure your customers have a good experience.

Read more

Topics: Job Role - Sales, Industry - Retail, Job Role - Inventory/Operations, Industry - Consumer Goods, KPIs

Prochem stays ahead of the game with data analytics

prochem-stays-ahead-of-the-game-with-data-analytics

Prochem delivers quality stainless-steel pipe, fittings and valving products to the gas, aerospace, marine and industrial sectors across the Asia Pacific. The company uses data analytics to drive efficiencies and stay competitive. The steel distributor started using Phocas to identify low margin sales automatically. Now, the BI software underpins many smarter ways of working for Prochem such as streamlining the purchasing and stock functions.

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

uvex safety equipment protects distributor relationships using data analytics

uvex-safet-equipment-protects-distributor-relationships-using-data-analytics

uvex safety Australia makes and distributes high-quality products designed to keep people safe at work. The product portfolio is extensive and covers everything from head to toe, such as protective helmets, safety glasses, hearing protection, respiration protection and safety shoes. The company relies on distributors to sell its products, so uvex needs comprehensive sales data for accurate pricing decisions and to keep turnover healthy.

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

How to avoid and eliminate dead stock

how-to-eliminate-dead-stock.jpg

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: Industry - Building & Industrial Supplies, Job Role - Inventory/Operations, Industry - Janitorial, Industry - Consumer Goods

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 get your KPIs on track with data analytics

how-to-get-your-KPIs-on-track-with-data-analytics

Many data analytics vendors give users the ability to measure everything but offer little guidance.  This can be overwhelming for new users. At Phocas, we provide you with the ability to measure everything and determine the metrics that really matter to your business. To get you started, Phocas will help you establish critical metrics, and then teach you how to quickly identify areas of concern to meet the unique needs of your business. 

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

Take control with self-service business intelligence

take-control-with-self-service-business-analytics

Nearly all companies in today’s world have one common goal: keeping the user experience simple. This reduction in size, steps, and clicks does not mean the technology is any less sophisticated — in fact, it’s just the opposite. In relation to business intelligence, self-service solutions enable users of all skill levels to independently access, query and analyze company data.

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

How to forecast stock on hand

how-to-forecast-stock-on-hand

The ability to deliver orders in full and on time (DIFOT) is essential to keeping satisfied customers. And maintaining appropriate stock levels ensures there is enough inventory on hand without tying up capital in unnecessary overstock. Yet, without the ability to accurately forecast stock on hand, keeping optimal stock levels can be a challenge.

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

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