- Submitted on: Mon, 02.06.2017 09:41pm
Join MITS President, Gary Owen, on Thursday, February 9th as he reviews the feature highlights of MITS Discover 10.2 and MITS Report 3.6:
- Submitted on: Mon, 01.30.2017 06:17pm
When management guru Peter Drucker famously said, “You can’t manage what you can’t measure,” he was saying that without clearly established success metrics, you can’t quantify progress, adjust processes, or produce desired outcomes. Put simply, in the absence of clear objectives, companies are stuck in a constant state of guessing—and, hoping that they’re doing the right thing to win their end games.
- Submitted on: Mon, 01.23.2017 08:29pm
Dashboards can be a great way for a distributor to maintain a strategic view of business performance: how are we tracking to high level goals, are there key areas trending up or down, what strategic shifts should we make across the operation? But if your team is just reviewing dashboards along with year-end, quarterly, and monthly statements, there are likely a ton of operational insights you are missing out on—many of which could really hurt your business if you don’t identify and manage them closer to when they take place.
- Submitted on: Mon, 01.16.2017 11:55pm
By waiting until the end of the quarter or year to review and utilize your data, you could be missing out on major opportunities to improve, save money, and make better business decisions.
- Submitted on: Mon, 01.09.2017 05:54pm
If your distribution company isn’t paying attention to key performance indicators (KPIs), it could be missing out on a significant opportunity to improve competitiveness and profitability. Defined as metrics that take financial and/or non-financial data and turn it into meaningful information that companies can use for benchmarking and performance measurement, KPIs support good decision-making and help managers and owners measure the impact of those decisions.