May 03 2012
As many firms seek IT operational efficiencies to speed processes and reduce risks, they often overlook a powerful tool which may provide a resolution. Using process modifications and metric derived insight, Earned Value (EV) is the logical alternative to increasing staff in order to obtain greater throughput.
EV provides greater visibility into real project status for all stakeholders and thus creates a scenario for better management of tasks, early determination of whether a project is in trouble and estimation of what will be needed to complete it.
The EV Process:
May 01 2012
Manufacturers are often tasked with growing revenue while maintaining contribution margin. This can lead to an examination of the quote-to-cash sequence. It is believed that revenue cycle analytics, which measure and manage the conversion rates and cycle times of quote-to-cash stages, will provide both the quantifiable basis and action plan configuration for success. The complexity in administering this environment requires the utilization of an analytic methodology that is able to monitor changes in the metrics that define opportunity and threats over time.
Listed below are four analytics in action which will add value to the order processing pipeline:
Incorporate analytics for improving conversion rates – Quote to Order
Apr 26 2012
Catalog companies need to maximize their inventory management while maintaining the complicated balance between having enough inventory to ensure customer satisfaction and yet running lean enough to effectively minimize corporate risk. One approach to achieving this balance is to create an expert system that leverages the knowledge base of senior inventory managers and distributes that knowledge to the entire staff.
Such a system naturally lends itself to alert-based analysis where inventory levels outside the realm of acceptable deviation are flagged for remediation. Given that each inventory manager at a catalog company is assigned numerous styles and SKUs, the process of management by exception is critical to the success of in-season forecast and trend management.
Apr 24 2012
To succeed in the fight for share growth, companies need to leverage every available resource. One goal at Consumer Package Goods (CPG) companies is to transform their information assets into a sustainable competitive advantage. It is believed that by providing decision-makers with actionable insights into critical information they will be able to diagnose the drivers of performance and create quantifiable action plans to improve future results.
There are several ways that CPG companies can incorporate analytics to measure and improve their marketing performance. They can incorporate analytics in action that:
Measure the effectiveness of promotions:
Apr 20 2012
Selecting a software package as part of your enterprise analytics solution can be a time consuming task fraught with risk. We suggest a structured process designed to avoid many of the common pitfalls. These pitfalls include failure to: