How to get your KPIs on track with data analytics
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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.  Too much choice can be overwhelming for new users. Instead, we recommend determining the metrics that matter to your business and to get you started; Phocas helps you establish KPIs in the data analytics solution.We have three pillars that serve as guideposts to help you decide what to measure. So every area of your business from sales, inventory management to finance is measuring core KPIs that contribute to the overall success of the business.

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

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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.  Too much choice can be overwhelming for new users. Instead, we recommend determining the metrics that matter to your business and to get you started; Phocas helps you establish KPIs in the data analytics solution.We have three pillars that serve as guideposts to help you decide what to measure. So every area of your business from sales, inventory management to finance is measuring core KPIs that contribute to the overall success of the business.

Read more

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

Wessex packaging ticks all the boxes with purchasing data analytics

 

Purchasing data analytics provides Wessex packaging with greater visibility into sales, purchasing and inventory data to inform pricing and warehouse decisions. The company specializes in pallet wrap and operates out of a  75,000 square-foot warehouse in Somerset, UK with 30 employees managing over 2,000 SKUs. The large volume of products is one of the main reasons the company swapped to Phocas Business Intelligence from Sales-i so it could keep track of its purchasing and inventory data.

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

Supply chain optimization can be achieved with data

optimize-your-supply-chain-with-data-analytics

Supply chain optimization means lowering costs and improving the performance of the production cycle with software and know-how. Data analytics is one tool that has proven very successful for manufacturers and wholesalers to drive more responsive supply chain activities and optimize sourcing, warehousing, supplier performance and selling.

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

Inventory days formula and why it's useful

Inventory days formula is equivalent to the average number of days each item or SKU (stock keeping unit) is in the warehouse. Inventory days is an important inventory metric that measures how long a product is in storage before being sold. If the percentage is high, there may not be enough demand for it, the product might be too expensive or it's time to rethink how it's being promoted.

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

Data management: 6 dos and don’ts of managing your business with data

 


Business intelligence (BI) systems provide a single source of truth for data management across all of your operations’ data. BI aggregates the data in a way that makes it easier for you and your team to access and analyze information for more strategic decision-making. Tracking key metrics across inventory, customer behavior, finance, and other areas of your business has never been more important with the uncertainties that are impacting practically every industry today. As you evaluate your BI strategy and the role analytics plays in your future, consider the following six dos and don’ts for data management to make data more accessible and meaningful to your teams.

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Topics: Business Intelligence Basics, Job Role - Executive, Job Role - Inventory/Operations, decision-making, business intelligence dashboards, data visualizations, KPIs and metrics

Take control with self-service data analytics

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 data, self-service data analytics solutions enable users of all skill levels to independently access, query and analyze company data.

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Topics: Job Role - Inventory/Operations, Job Role - Marketing, data analytics, data visualizations

How business intelligence is used?

As companies continue to use their systems and technology to achieve a competitive advantage and adapt to change, Business Intelligence (BI) is a digital transformation tool people are curious about. Modern BI is attractive because it has a low barrier to entry and companies can implement the software quickly.  So how is business intelligence used? And who uses it?

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

How to build a dynamic dashboard and stay on top of your KPIs

how-to-build-a-dynamic-dashboard-and-stay-on-top-of-your-KPIs

If a picture can paint a thousand words, how many is a dynamic picture worth? A lot of words, according to business owners, sales and purchasing professionals who use dynamic dashboards regularly.

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

How do you feel about data?

Data means many things to different people. How does data make you feel? Does it keep you up at night because it’s not solving problems but sparking more questions. Or do you prefer to put data in the too hard basket because you believe the cost of storing, securing, analyzing and sharing it outways the business benefit. Perhaps you feel completely in control of your data and turn to it for every decision. Does accurate and timely data help you know what's happening in your business and be an empowered leader? Phocas asked several general managers, finance and IT professionals and purchasing and inventory folk how they feel about data. Here's what they said….

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Topics: Job Role - Finance, Job Role - IT, Job Role - Executive, Job Role - Inventory/Operations, data analytics

Harrisons Sauces increases profitability with BI solution

Harrisons Sauces is part of BI Europe and manufactures condiments and sauces, supplying a variety of sweet and savoury sauces and seasoning to a wide range of market sectors across the globe. The company uses an ERP system to manage and control its manufacturing processes and has added Phocas cloud business intelligence software to streamline products and increase profitability.

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Topics: Case Study, Industry - Manufacturing, Business Intelligence Basics, Industry - Food and Beverage, Job Role - Inventory/Operations, decision-making, Dynamic reporting, business intelligence dashboards, data visualizations

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