How 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 business intelligence, inventory management, real-time 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 business intelligence, real-time reportingThe Benefits and Limitations of a Business Intelligence Dashboard
A business intelligence dashboard is an information management tool, that uses data visualisation technology to analyse and display information visually in a practical and useful way. It can be used across a multitude of functional areas within an organisation and is a useful tool for helping to measure performance and for managing inventory contro ... Read More
August 31, 2019 data analysis, inventory control, inventory reporting, real-time reportingHow To Ensure Best Practice Use Of Your Business Intelligence Dashboards
Business intelligence dashboards (BI dashboards) are a technological approach to analysing and presenting information visually in a practical and actionable way. BI dashboard design combines charts and graphs on a single screen to give readers a clear picture of the business data they are assessing. Understanding how to use business intelligence to ... Read More
August 27, 2019 inventory management, inventory reporting, real-time reportingThe Basics of Business Intelligence Dashboards
If you’re an inventory manager or a business owner, having data about the way your business runs can be a game-changer. However, gathering data is only part of the equation. Collating and analysing a wealth of information can be a tedious challenge, especially in the face of insurmountable piles of data. These issues are common […] ... Read More
August 19, 2019 business growth, business success, inventory reporting, real-time reportingThe Difference Between Static and Real-Time Reporting
In today’s fast-paced society and with the introduction of new technology, it is now desirable to have real-time dashboards that stakeholders can access anywhere, anytime rather than static historical summary reports. With this in mind both static and real-time reporting are powerful and useful when it comes to making business decisions. Here we ... Read More
December 13, 2017 inventory reporting, real-time reporting, static reportingStatic or Real Time Inventory Reporting: Which Will Keep Your Business Moving?
Inventory reporting can be simple, but it can also involve a lot of guesswork. With a perpetual, real time inventory management system, a business typically has access to always accurate inventory information that changes as inventory moves through the production process. On the other hand, a business that carries out a periodic inventory system wi ... Read More
July 8, 2017 inventory reporting, real time, real-time inventory, real-time inventory control, real-time reporting, static reporting, stock count