Retail success means data sharing
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Retail success means data sharing

The retail industry is a tough and competitive environment. With every business trying to top one another, it becomes all the more difficult to bring in new customers. The key to retail success in such a cut-throat environment is via your data. The more you know about your customers, the better positioned you'll be to deliver a more personalized shopping experience without blowing out cost-to-serve.

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

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Retail success means data sharing

The retail industry is a tough and competitive environment. With every business trying to top one another, it becomes all the more difficult to bring in new customers. The key to retail success in such a cut-throat environment is via your data. The more you know about your customers, the better positioned you'll be to deliver a more personalized shopping experience without blowing out cost-to-serve.

Read more

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

What are the costs of not using business intelligence?

Due to budget and time constraints, some managers believe business intelligence (BI) is not worth the investment. Some people think they're saving money, when it fact, the failure to implement BI will cause the business to lose money. This blog examines a few of those costs.

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Topics: Strategy, Management and Performance

[e-book] More BI and analytics trends for 2021

When business conditions change overnight, we can feel threatened and stressed. What was heartening about this year for Phocas was so many customers took comfort in their data. People from sales to finance found an ally and used their data to understand new customer behavior and how cashflow was holding out on a daily basis. Accurate, consolidated data is an essential part of a digital transformation strategy and one of the trends in our new BI and analytics trends for 2021 eBook.

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Topics: Business Intelligence Basics, Job Role - Sales, Job Role - IT, Job Role - Executive, Trends, data analytics

Why leading BI vendors are committed to customer success

All BI vendors want customers that are loyal, use the product often and share their positive experiences with others. Unfortunately, not all software companies are doing what it takes to ensure that their customers remain happy and continue to gain value from the software and the business relationship. It's the leading BI vendors that resource and commit to customers' success that you need to seek out.

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Topics: Business Intelligence Basics, customer success

Data analytics industry trends

why-industry-specific-data-analytics-is-taking-off

Having the appropriate data analytics solution is vital to strategic decision making. However, one-size-fits-all solutions don’t always address a company’s specific needs. Cloud technology has facilitated the rise of vertical SaaS data analytics and more bespoke, industry-specific solutions. 

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Topics: Business Intelligence Basics, Industry - Food and Beverage, Industry - HVAC/Plumbing, Industry - Building & Industrial Supplies, Job Role - Executive

Making good purchasing decisions requires business intelligence

Smart purchasing and stock optimization boosts your organization’s bottom line. What am I buying, selling, holding and what’s the cost? It’s a messy ask, report-wise. If you’re involved in purchasing decisions, you don’t care so much about who’s buying your product. It’s more about what’s walking out the door, and how fast, so you can replenish it. Business intelligence allows you to be in control of your data and know at any point in time; what stock is on hand, what's been ordered and days of cover.

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

[e-book] 9 BI and data trends for 2021

Despite all the change this year, data has held, if not strengthened its position, as a critical business asset.The businesses with access to up-to-date data arguably coped better with the disruption because managers and CFOs were able to diagnose their specific situation in detail and move fast. As we look ahead and bring you the data and BI trends for 2021, we can't go past the mega-trend in the business intelligence market—the intersection of data analytics and finance. Here's an excerpt from the new Data trends eBook - when BI meets finance.

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Topics: Business Intelligence Basics, Job Role - Finance, Job Role - Executive, Trends, data analytics

Business intelligence vs. spreadsheets: What does your business need?

As businesses grow and become more digital, so too does the amount of data available to track and analyze. For people to take advantage of the abundance of data and make well-informed decisions, you must have access to a tool to get a single, real-time, fact-based version of the truth. Unfortunately, because of its familiarity, Excel is used as a catchall for business data. If you're using spreadsheets as your data analytics solution — it's worth reassessing your business tools —ready for the future.

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Topics: Business Intelligence Basics, Job Role - Executive, ERP - Microsoft Excel, business intelligence dashboards

Manufacturer uses Phocas for production performance management

CQR Security Limited is a British manufacturer, making equipment for the security intruder market such as cable and door contacts. Initially, the company deployed business intelligence to analyze its sales and get a better understanding of its top-performing products. The use of data has expanded dramatically for CQR, and it now takes a data-driven approach to production performance management, inventory management and component purchasing decisions — to find more ways to drive efficiencies.

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Topics: Case Study, Industry - Manufacturing, Job Role - Sales, Job Role - IT, Job Role - Executive, ERP - Microsoft Dynamics NAV, Job Role - Inventory/Operations, Inventory Management

Phocas and Datafile join forces to offer SMEs a digital transformation roadmap

Phocas business intelligence and Datafile software solutions, two longstanding software providers dedicated to solving data problems for the  SME market in the United Kingdom, have signed a local partnership agreement. Together, they aim to provide a digital transformation roadmap to small and medium sized businesses by making business intelligence compatible to all versions of the Datafile ERP. 

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Topics: Industry - Manufacturing, Industry - Wholesale Distribution, Company Updates, Industry - Retail, Press release, data analytics, ERP - Datafile

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