Reduce costs with data analytics
NEW

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. 

Read more

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

Recent posts

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. 

Read more

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. 

Read more

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.

Read more

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. 

Read more

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.

Read more

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.

Read more

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

How to manage your budget and quickly determine leakage

how-to-manage-your-budget-and-quickly-determine-leakage

Overspending and variations from budget estimates are a common occurrence for many businesses. Usually, monitoring these variations requires waiting for the finance team to provide monthly or quarterly reports.  A data analytics solution such as Phocas offers the ability to  manage your budgets yourself at any time.  

Read more

Topics: Product, Job Role - Executive, Job Role - Inventory/Operations, Job Role - Marketing

How to track your sales reps performance against budget

how-to-track-your-sales-reps-performance-against-budget

Sales methods must adapt to a rapidly changing marketplace. Therefore, it’s crucial that sales teams have access to accurate data in real-time so they can adjust their techniques as needed. Having a clear view of their performance gives them the power to make the adjustments necessary to hit their marks and stay ahead of the competition.

Read more

Topics: Job Role - Sales, Product, Job Role - Inventory/Operations

Can online reviews guide data analytics sourcing?

can-online-reviews-guide-data-analytics-sourcing

Data analytics offers valuable insights to help improve performance throughout a company. Because data analytics has become integral to success, competition among analytics providers has increased. Therefore, it is vital that you understand how to evaluate a variety of vendors to make the best selection for your company.

Read more

Topics: Job Role - Sales, Job Role - Executive, Trends, Job Role - Inventory/Operations

How to keep favorite data views close at hand

how-to-keep-favorite-data-views-close-at-hand

What data can't you live without? Actual sales versus budget, stock on hand, low margin against products? Phocas allows you to save a number of favourite data views so factual decision-making is easy.

Read more

Topics: Product, Job Role - Executive, Job Role - Inventory/Operations, Job Role - Marketing

Follow us

Subscribe via email