BITSoftware / Blog

One of the most critical and time-consuming aspects of retail and distribution is managing the stock. You want to sell the products in stock, but you also need to ensure that you have sufficient stock to meet variable demand. You must have real-time control and visibility of your stock in order to respond to market requirements and remain competitive.

Therefore, controlling stock levels and cost of stock purchases is essential to keep your business moving forward. Inventory is like cash! Having a tight grip on your stock levels helps you improve the efficiency of your logistics and reduce operational costs. For many businesses, inventory is a significant part of their working capital. So optimized stock levels have a huge impact on their financing costs.

SocrateBI`s new module – „Inventory and Stock Analysis Module” (ISAM) – enables retailers and distributors to analyze in minutes volumes of transactional data and gain vital intelligence on essential areas such as sales trends, stocks and inventory management, in order to help your business grow. With ISAM, you will be able to gain a better insight into inventory levels, stocks and sales performance, providing the best selection of products and services that customers like and want. This insight is giving decision makers a better understanding of sales trends, in order to improve product sales and profitability.

ISAM`s excellent reporting and analytical features allow you to analyze lots of data, in an easy and intuitive way, and to make critical inquiries at different levels, supporting your decisions with efficacy. The module includes a series of important reports, such as: Average quantity sold for days with stock, Date of Last Sale for Products with Stock = 0 in the last 30 days, Item Sales vs. Stock, Products with Stock without Sales, etc. And, there is a report template included, allowing the user to select his own attributes, metrics and filters that will appear in the final report.

Below are the most significant benefits of using SocrateBI ISAM module:

• allows you to focus quickly on those areas that result in profit by giving you the ability to monitor stock products without sales, in order to avoid financial blockages due to purchasing of products difficult to sell.
• allows you to more effectively monitor and manage inventory levels, so that you will be able to identify revenue enhancement and cost reduction opportunities.
• improved sales and gross margins, by having each store or warehouse stocked with the right combination of products, at the right time.
• improved merchandising decisions, that help you more proactively serve your customers.

The ISAM module was added to the already existing SocrateBI`s modules launched in November 2011: FRAM (Financial Reporting Analysis Module), PCAM (Project Controlling Analysis Module) and SCAM (Sales and Customer Analysis Module).

BITSoftware`s Business Intelligence solution – SocrateBI -, is developed having as a base the  MicroStrategy platform, MicroStrategy being the largest independent provider of Business Intelligence solutions in the world. SocrateBI allows organizations to run packaged analytics directly from Socrate ERP, or, due to its open interfaces and connectors, analysis can be done also using the information available in other ERP systems.

Tags: BITSoftware, business, Business Intelligence

Operating costs as low as possible, increased productivity, innovation. These are some of the major objectives of managers today. Therefore, more and more of them started to look toward online communication and collaboration applications. And more than 4 million companies and 40 million users now handle their e-mail, documents, and other office tasks using Google’s online professional office suite, Google Apps. And for good reason. Because Google Applications offer a stunning range of cloud-based productivity options to even the smallest firms. Everything you do at work is now available anywhere, anytime, from any online connection. And it’s all for just $50 per year per user for the Business version, which includes additional storage and high-quality, unlimited support.

The total ROI of deploying Google Apps is more than 300%

Google Apps offers simple, powerful communication and collaboration tools for businesses that increase productivity while reducing your costs – all hosted by Google on secure and reliable cloud infrastructure. According to a Forrester report („Should Your Email Live In The Cloud? A Comparative Cost Analysis”) the total ROI of deploying Google Apps is more than 300%. And when Forrester`s experts looked at the financial benefits of switching away from traditional email and collaboration tools to Google Apps, they found that organisations were able to cut ongoing costs by „an impressive 38 to 56 percent”.

According to a recent Gartner report, Gmail „should now be considered a mainstream cloud email supplier capable of competing head-to-head with Microsoft Exchange Online”. Also according to Gartner, cloud email is expected to grow significantly and reach 20 percent by the end of 2016.

Google`s online office tools makes your employees more innovative and productive

Google Apps allows your employees to effectively work together in real-time on shared documents and sites. By working together, your employees can be more productive and innovative. And according to a report by The Future Foundation, there is „an 81 percent correlation between innovation and collaboration. Employees who are given the opportunity to collaborate at work are more than twice as likely to have contributed new ideas to their company”.

There is no doubt that cloud services are changing the way organisations view their corporate messaging and collaboration platforms. But why is Google Apps for Business proving such a force in the enterprise space? With Google Apps, your employees can:

- access their content anywhere, anytime – laptop, desktop, home, work, mobile, online, offline etc;

- work together on Google Docs in real-time without the hassle of multiple versions or attachments;

- easily create team or project Sites without the need for IT support, improving information sharing within your business;

- have complete control – each piece of content can be as private or public as necessary.

Google Apps, the key to a successful communication

Organization is key to a successful business, and exactly this Google Apps suite does: connecting all your users together. It only requires one login for each user, and it offers simplicity to your employees.

Also, Google is in the works of allowing your Google Apps login to be able to be used in conjunction with their other applications like Picasa, Google Maps, Google Alerts, Google Trends, and Google Analytics.

So, if you want to make the switch but you aren’t good at technology, call us. As GoogleApps Authorized Reseller, BITSoftware offers different services in order to help companies successfully use Google Apps: installation services, migration services, users’ training services and integration with other applications.

Surses: Gartner, Forrester Research Agency, The Future Foundation, Google, The Money Crashers, PC World

Tags: BITSoftware, business, Cloud Computing, System, worldwide