How to calculate profit margins [with examples]
Gross profit margin, operating profit margin, and net profit margin are three key metrics for any product-based business. They’re also strongly connected to gains in productivity, with efforts to improve productivity linked to high growth in profit margins, according to research published by the Harvard Business Review Press. In short, itR ... Read More
August 4, 2020 BI, business intelligence, inventory accounting, profit marginsReally hate running inventory reports? You need to read this
Inventory reporting is the pits, right? The pits, as in, no one has ever said “I wish my inventory reporting wasn’t over for this month!” Or “I really fought to keep inventory reporting in my role – I love that part.” And especially not “What I really like is when the boss asks for whole […] ... Read More
July 24, 2020 BI, business intelligence, inventory reportingBI in Manufacturing: 3 Realistic Steps to Data Mastery in 2020
Industry 4.0 may sound exciting for manufacturers – with its IoT-enabled factories, all-singing all-dancing ERP software, and AI-powered insights – but frankly this is fantasy land for the vast majority of manufacturers. Most of the technology to power smart (or even just smarter) factories is prohibitively expensive for most SMEs. Getting acti ... Read More
June 9, 2020 BI, business intelligence, GB, Manufacturing productivity, real-time dataData-driven decision making in beer manufacturing [expert Q&A]
As brewers ramp up production it’s critical they protect margins with data-driven decision making. Unleashed Software spoke with Maria Pearman, a Certified Public Accountant based in Portland, Oregon – the home of craft beer – who provides accounting expertise and deep operational knowledge to the brewing industry. Here she shares her views o ... Read More
May 12, 2020 beer, beverage manufacturing, Beverages, BI, breweries, brewery inventory management, business intelligence, business of brewing, Manufacturing productivityBusiness Intelligence: Your Ticket Out of a Crisis
Business data and analytics need to be one of your top priorities — especially in uncertain economic times. In this post on the role of business intelligence in decision-making during a crisis we’ll cover: Why businesses need BI Why BI is especially important during a crisis How you can make the most out of your […] ... Read More
April 8, 2020 BI, business intelligence, Covid-19The Most Important Metric for Increasing Revenue
Average Order Value (AOV) is one of the few important metrics for businesses to analyse and track to gain an understanding of their current revenue and how they may increase it. It gives an insight into customer behaviour and is often used in collaboration with conversion rate (CR) and revenue per visit (RPV) to drive […] ... Read More
February 4, 2020 B2C, BI, business intelligenceHow Can Small Businesses Leverage Big Data?
While it may seem like big corporations and small businesses are on two different playing fields, that’s not the case when it comes to big data. Despite the fact that small businesses have less self-generated data than those big corporations, they can still get access to big data. Big data is comprised of a large […] ... Read More
February 3, 2020 BI, business intelligence, inventory controlTraders Warehouse: Leaving legacy systems to save time and money
A modular approach is more flexible — and better value — than ERPs for businesses of all sizes. But moving away from a legacy system can be a daunting task. So here’s some inspiration to leave a legacy system behind. Ryan Bamford, Derby branch manager for Traders Warehouse, blogging on the benefits he’s seen since […] ... Read More
January 29, 2020 Advanced Shipping, B2B, BI, business intelligence, case studySMEs and Big Data: How to Capture It and Why You Should
Big data refers to the process of examining and analysing large and diverse data sets for the purpose of uncovering valuable information to help businesses make informed decisions. The relationship between SMEs and big data is not contradictory, because no business is too small for big data. In fact, SMEs can gain significant benefits from [&hellip ... Read More
January 28, 2020 BI, business intelligenceUnderstanding How Business Intelligence and Reporting Impact Your Business
When you’re running a warehouse, you need to be in the loop with what’s going on, what product is moving where, and if your inventory control is working how you intended it to. There are a few different ways to gain this understanding — some inventory managers turn to reports, while others use business intelligence […] ... Read More
January 24, 2020 BI, business intelligence, inventory controlHow Inventory Control Can Benefit from Artificial Intelligence
Effective inventory control centres on the fine balance of holding enough inventory to ensure the business operates effectively while avoiding the overstocking that ties up valuable cashflow and leads to waste. Inventory control can benefit from artificial intelligence (AI) because AI provides powerful insights for companies, highlighting interesti ... Read More
January 16, 2020 BI, business intelligence, inventory management, real-time reportingBusiness Intelligence: The key to better decision making
Decision making in any area of life or business is best done with all the pertinent facts on hand so that it can be informed and trusted. In the world of business, these facts are termed business intelligence and it provides a meaningful platform from which a company can formulate accurate and beneficial decisions to […] ... Read More
January 14, 2020 BI, business intelligence, inventory reporting, real-time dataCan AI Improve Your Inventory Management?
In our increasingly digital world, artificial intelligence (AI) is becoming part and parcel of our lives –and it is becoming particularly useful to business owners and inventory managers. In this article, we explore the relationship between AI and inventory management, and how AI can assist in inventory management. What is AI? AI is essentially a ... Read More
January 9, 2020 BI, business intelligence, inventory management3 Top Tips for Choosing the Right Business Intelligence Tools
Data is omnipresent — it’s everywhere we look and intertwined in everything we work with. The biggest obstacle that companies face is how to make sense of all this data! If you have mountains of data but aren’t able to decipher what it means, then what’s the point? Data can be an invaluable resource if […] ... Read More
January 8, 2020 BI, business intelligence, inventory reporting3 Ways BI Tools Create Value for Your Company
With business intelligence tools, you can understand your data and create value for your business. Business intelligence tools can help decision-makers by simplifying data and delivering the information they really need. This keeps decision-makers and leaders informed. It allows them to make knowledgeable and informed decisions for their business. ... Read More
December 16, 2019 BI, business intelligence, real-time reportingA Comprehensive Checklist for Choosing the Right BI Tool
Many businesses understand the importance of data. However, with the sheer amount of data flowing in, how do companies make better sense of this information? Without the correct Business Intelligence tool, businesses will have a difficult time finding a usable piece of data. To enhance your prospects of extracting useful information from large chun ... Read More
December 11, 2019 BI, business intelligence, cloud-based, inventory reporting