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Average Daily Rate: The Role of ADR in Hospitality Revenue Management and Strategies to Improve This KPI

Altexsoft

We also investigate predicting ADR through machine learning and strategies to enhance this KPI. By keeping an eye on ADR, observing its fluctuations, and establishing pricing objectives considering the ADR trends, both hotels and vacation rentals can enhance revenue and improve their overall profitability. What is ADR?

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Procurement Analytics: Challenges, Opportunities, and Implementation Approaches

Altexsoft

In this article, we’ll explain what procurement analytics is, highlight the main difficulties within the purchasing process, and look at how analytics can address them. What is procurement analytics and the opportunities it offers? Main components of procurement analytics. Procurement and its challenges.

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Improving Decision Making by 75% using Supply Chain Visualization

Sunflower Lab

Supply chain managers rely on data visualization tools & techniques to gain a comprehensive understanding of operational dynamics, identify trends, and anticipate potential issues. Often, data can be altered by various team members, leading to discrepancies and disruptions in information flow to stakeholders.

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

Altexsoft

It can also be measured in weeks instead of days (the KPI will be referred to as weeks-on-hand and have 52 instead of 365 in the formula) or be calculated for any period other than a year (change 365 to the period duration in days in the formula). It can also give you insights into current trends and demand fluctuations.

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Rail Fleet Management: How Technologies Help Handle Asset Tracking and Maintenance in Freight Rail Industry

Altexsoft

If you’re a shipper or carrier that was charged, well, the payment is inevitable, but you still need to keep records in case any disputes arise (and for analytical purposes too). KPI monitoring and analytics. Strategic decisions are most effective when they are based on data and analytics. Managing lease contracts.

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

Altexsoft

It’s been a long time since it became obvious that to develop and stay competitive, businesses have to support their decision-making with data. So, the aim of this article is to describe the main KPIs typically adopted by hotels to support their business analysis. The CPOR is a crucial KPI that allows you to monitor your expenses.

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Product Managers vs. Project Managers: Difference, Responsibilities, and KPIs

Altexsoft

Why it’s a bad practice to combine these roles in one person? Project manager runs the product development. Throughout the entire development stage, this person ensures that the project goes in line with the set budget and time frames. How different sides of product development communicate. Define development milestones.