Having access to an accurate forecast is very beneficial for businesses. If used correctly, it can provide better margins, increase market shares, and many other positive results. At a more tactical level, it can help reduce the costs associated with meeting the customer demand and make the supply chain more efficient.
In a previous blog post, we discussed how a high or low value of Coefficient of Variation (CV) impacts the first or second term of safety stock. Today we decided to put this to the test using real customer data - here we will discuss our findings.
Look Beyond the Bells and Whistles! What I’ve Learned About Selecting a Business Software from My Gym Memberships.
Pop Quiz: What does a workout and the software selection process have in common? Answer: They both often require breaking a sweat. I hate to admit this, but often I find myself trying new workout routines as a result of commercials I’ve viewed on television. I’d rather not get into the embarrassing details that made
Is there a need to act if no ‘imminent’ repercussions exist? Can you be a more proactive problem solver? In this 3-part blog series, we’ll cover how proactive problem solving can help your team and business stay ahead of the curve, improve productivity, and avoid costly problems in the short and long term.
At the end of the year, as an Arkieva holiday tradition, we say thank you to our customers by sending chocolates from Belgium (another good reason to become an Arkieva customer). This year was no different. And of course, we treat ourselves to some of the delicious goodness. Here is our holiday video of everyone
From the four-day weekend with “unbeatable” sales just-in-time for the holidays, to the slowly roasted turkey that leaves everyone in anticipation for hours, thanksgiving remains one of America’s favorite traditions. This thanksgiving, we are extremely grateful to have the opportunity to serve clients that give us thankfulness and joy every day of the year, and
This Halloween, while kids dress up in cute costumes to go trick-or-treating and homes gear up with their most ghoulish décor ever, there might be a real life “bogeyman” lurking in the shadows. A serious Excel error could cost a business thousands or millions of dollars. And while this kind of monster may not be
Many organizations are segmenting customers and products to improve EBIT and working capital or to implement their strategy more consistently. Although segmentation initially seems to be little more than a logical reflection on the customer and product portfolio, it is actually a lot more complex than that. When embarking on a customer product segmentation exercise,
How will Big Data change the way we work and approach the world?
In today’s business world, technology plays a central role in how work gets done. So, a change in the nature of work is sure to follow. But what exactly has changed?