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A Beginner’s Guide To Inventory Metrics And Best Practices

Data Pine

In this article, we will take a closer look at the inventory management: what are the performance indicator that can help, how to choose them, and outline some inventory metrics examples as well as best practices. b) Inventory analytics dashboard for retail. In an ideal scenario, the time to sell should be as low as possible.

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Introduction To The Basic Business Intelligence Concepts

Data Pine

However, for the purpose of this article, we will explain the 4 basic components within business intelligence: The data itself (raw data). For instance, a retail store dashboard like the one above will greatly help the manager in knowing his/her customers’ behavior. Control your entire procurement operation. The data warehouse.

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A Guide To The Top 14 Types Of Reports With Examples Of When To Use Them

Data Pine

Operational reports are commonly used in manufacturing, logistics, and retail as they help keep track of inventory, production, and costs, among others. With the possibility to filter, drill down, and interact with the data, this intuitive procurement dashboard offers key information to ensure a healthy relationship with suppliers.

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14 Dashboard Design Principles & Best Practices To Enhance Your Data Analysis

Data Pine

One example comes from the retail industry: This retail KPI shows the total volume of sales and the average basket size during a period of time. The metric is extremely important for retailers to identify when the demand for their products or services are higher and/or lower. Choose your layout carefully. Double up your margins.

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What Is The Difference Between Business Intelligence And Analytics?

Data Pine

In an article tackling BI and Business Analytics, Better Buys asked seven different BI pros what their thoughts were on the difference between business intelligence and analytics. You will need to work with your retail analytics to understand what products will work. Your Chance: Want to extract the maximum potential out of your data?

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The complete guide to purchase orders in 2021

Monday

In this article, we’ll cover everything you need to know about purchase orders in 2021. With all this information swirling around for your procurement team — or anyone else who needs to purchase something for your company — it’s critical to have a clear and effective process for any buying on the company’s behalf.

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Top-Down vs. Bottom-Up Planning

Insight Software

However, as you will see in this article, these two opposing strategies often go hand in hand in practical applications. As you will learn in this article, for any plan to be successfully executed, there must be buy-in from the employees. This article is not written to pit one strategy against the other. Top-Down Planning.