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5 hot IT budget investments — and 2 going cold

CIO

This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%). This applies to his IT group as well, specifically, in using AI to automate the review of customer contracts, Nardecchia says.

Budget 218
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RevPAR, Occupancy Rate, ADR, and Other Hotel Metrics: How to Evaluate Your Property’s Performance

Altexsoft

In other words, a certain number of metrics and KPIs has to be set up, monitored, and analyzed to be turned into valuable insights. So, the aim of this article is to describe the main KPIs typically adopted by hotels to support their business analysis. In further calculations we will use 0.5 which is the same as 50 percent.

Hotels 64
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Hotel Revenue Management: Solutions, Best Practices, Revenue Manager’s Role

Altexsoft

To achieve these goals, a revenue manager has to perform the following tasks: Market analysis and segmentation. Revenue performance forecasting. KPI tracking. The last point is of special importance, because the KPIs define the success of the whole strategy. This KPI captures a snapshot of overall business performance.

Hotels 66
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Procurement Analytics: Challenges, Opportunities, and Implementation Approaches

Altexsoft

Accounts payable are most vulnerable to errors (whether deliberate or not) due to disconnected and inaccurate information, especially if you have to deal with a big amount of documentation and process multiple transactions. The market is constantly changing due to a myriad of factors. Contract management to review and audit agreements.

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Turnover Ratio, Return Rate, Shrinkage, and Other Inventory KPIs to Manage Your Stock

Altexsoft

So today, we look at the main stock-related KPIs that can show you the actual state of affairs, highlight areas for improvement, and help you choose the best course of action. What are inventory KPIs? We’ll also suggest a few tips on how to approach inventory-related business intelligence. So let’s dive in.

KPI 52
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Power BI Purchase Dashboards

Sunflower Lab

Enter the Power BI Purchase Dashboard: a powerful analytics tool allowing organizations real-time insights into their procurement activities, supplier performance, spending habits, and more. Overall, the Supplier Performance Dashboard plays a crucial role in optimizing supplier relationships and ensuring the efficiency of the supply chain.

Budget 52
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Power BI Executive Dashboard: Actionable Insights for Leaders

Sunflower Lab

The essence of crucial indicators that ensure optimal performance of executive dashboards is discussed in this blog, as it shows how they can be used to elevate an organization above competitors. It is a fundamental indicator of a company’s financial performance and growth.

Metrics 52