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4 strategic sourcing use cases to strengthen your supply chain

IBM Big Data Hub

Outside consumer demand for traceability, new regulations may make it imperative for some businesses: the FDA’s Food Safety Modernization Act (FSMA) Rule 204 requires food companies that manufacture, process, pack or hold foods on the Food Traceability List (FTL) to use traceability systems and follow new record keeping requirements.

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A Beginner’s Guide To Inventory Metrics And Best Practices

datapine

Monitor trends: Comparing information with your past performance or setting a KPI scorecard template that you can translate to multiple business scenarios about your inventory measures and metrics will help you spot trends or inefficiencies in your processes. Inventory Management Best Practices. c) Be data-driven.

Metrics 286
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A Complete Guide On How To Set Smart KPI Targets And Goals

datapine

Continuing on the line of targets, a KPI scorecard like the one below is the perfect tool to put together an efficient picture of progress and the latest developments regarding your most relevant indicators. For manufacturing businesses that work with heavy machinery, downtimes mean less money that can be made and a rise in costs.

KPI 152
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A Guide To The Top 14 Types Of Reports With Examples Of When To Use Them

datapine

Operational reports are commonly used in manufacturing, logistics, and retail as they help keep track of inventory, production, and costs, among others. A good example is a KPI scorecard. Product Reports As its name suggests, this report type is used to monitor several aspects related to product performance and development.

Reporting 201
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10 Best Big Data Analytics Tools You Need To Know in 2023

FineReport

For example, a computer manufacturing company could develop new models or add features to products that are in high demand. ” This type of Analytics includes traditional query and reporting settings with scorecards and dashboards. E-commerce giants like Alibaba and Amazon extensively use big data to understand the market.

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The Royal Mint’s diversification means all change for IT and security

CIO Business Intelligence

More recently, The Royal Mint has evolved its business model in the face of declining cash usage, from its core business of coins and metal manufacturing through to bullion trading, a new consumer business and jewellery line, as well as tentative steps into digital gold and recycling e-waste.

IT 52
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Strategies for dealing with the enterprise technology skills crisis

CIO Business Intelligence

This is, in part, driven by the impact of the pandemic and lockdowns and exacerbated by the demand from industries including financial services, manufacturing, education and many more that are actively seeking to bring tech skills into their organisations to drive efficiencies and growth. “As