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

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

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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.

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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.

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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.

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

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.

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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

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