Inventory management metrics to handle demand volatility
NEW

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.

Read more

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

Recent posts

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.

Read more

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

Data analytics essentials for the COVID-19 crisis

The COVID-19 pandemic puts risk management and disruption strategies under the spotlight as companies experience limited supply and others are battling cashflow shortages. For businesses who move and sell products, inventory management can be a never-ending battle. During the shock of COVID-19, when supply and demand are volatile, managing stock presents further challenges. Strong visibility into your operations using data analytics principles can help manage inventory levels and keep cash flow steady.

Read more

Topics: Business Intelligence Basics, Industry - Wholesale Distribution, Job Role - Executive, Industry - Retail, Job Role - Inventory/Operations, decision-making, data analytics

How to promote interdepartmental communications using business intelligence

Interdepartmental communication is the backbone to achieving company success.  Companies with effective interdepartmental communication are three and a half times more likely to significantly outperform industry peers.  In this blog, we will explore four ways to improve interdepartmental communication to achieve organizational goals using business intelligence software.

Read more

Topics: Job Role - Sales, Job Role - Executive, Job Role - Inventory/Operations, Job Role - Marketing, KPIs, business intelligence software

Reduce costs with a data analytics bootcamp

Take your seemingly unimportant data on a data analytics bootcamp so you can lower costs. 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.

Read more

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

Use a business intelligence strategy to prepare for supply chain disruption

The full economic impact of the coronavirus is still unfolding, but now is the time for executives and supply chain managers to plan for many scenarios that can play out. A business intelligence strategy is instrumental in helping affected companies recalibrate and adjust.  Leaders with clear visibility into their suppliers can review inventory levels and devise strategies to appease the customer base. Those executives who acknowledge the situation using their data, rather than wait and see, will cushion the blow, especially if the disruption persists.

Read more

Topics: Business Intelligence Basics, Strategy, Management and Performance, Job Role - Executive, Job Role - Inventory/Operations

Industries using business intelligence

Over the last decade, many industries have adopted business intelligence to help them lower costs, improve efficiency, spot trends, and take advantage of new opportunities. Companies who use business intelligence have found that they are better equipped to stay ahead of the competition. Without all the data, companies make critical choices based on intuition or whim. Whereas, business intelligence insights enable manufacturers, wholesalers, and retailers to form strategic decisions using accurate, timely and complete information.

Read more

Topics: Industry - Manufacturing, Business Intelligence Basics, Industry - Wholesale Distribution, Strategy, Management and Performance, Industry - Retail, Job Role - Inventory/Operations

Seasonal stock control trends: Do you have your products ready?

seasonal-trends-do-you-have-your-products-ready

This time of year many businesses are dealing with seasonal demands and stock control. Seasonal trends come in many forms: increased sales of perfumes for the holidays, decreased sales in building products during the northern hemisphere winter, or increased sales of swimwear in the southern hemisphere summer.

Read more

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

Stock Coverage: days cover calculation and other stock metrics

Anyone who manages inventory is familiar with stock coverage.The question is, how do you measure 'days cover calculation' and other useful inventory metrics.

Read more

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

Phocas business intelligence software helps Hairhouse style new profits

phocas-business-intelligence-software-helps-hairhouse-style-new-profits

Hairhouse salons consolidate data, run stylish reports, and trim dead stock from their warehouse with easy-to-use Phocas business intelligence software. Hairhouse is an Australian based beauty salon and retail chain that offers hair-dressing services and hair and beauty products across 140 salons in Australia.

Read more

Topics: Case Study, Job Role - IT, ERP - NetSuite, Industry - Retail, Job Role - Inventory/Operations

Data visualization tool connects all pieces of the puzzle for Gibsons

data-visualization-tool-connects-all-pieces-of-the-puzzle-for-Gibsons

Gibsons is a 100-year-old manufacturer and distributor of more than 500 games, puzzles, cards and gifts. The company employs 20 people who support 1,500 brick and mortar retailers across the United Kingdom. Gibsons added Phocas, a data visualization tool to its tech stack and is reaping the benefits. Phocas has helped transform business processes, made it possible for non-technical people to review sales data and significantly decreased the time to produce reports.

Read more

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

Follow us

Subscribe via email

Posts by category