Sunflower Lab

MARCH 21, 2024

Negotiated savings: Calculates the cost savings achieved through negotiations with suppliers compared to previous agreements or market benchmarks. Integration with ERP Systems : Integrates seamlessly with enterprise resource planning (ERP) systems or other procurement software to pull and synchronize data, ensuring accuracy and consistency.

Budget 52

Budget Comparison Metrics Analysis 52

Altexsoft

APRIL 24, 2019

The reality is that you’ll need a more sophisticated pricing strategy to fit into today’s highly competitive market and be flexible enough to adjust to any changes. Dynamic pricing is a practice of setting a price for a product or service based on current market conditions. Would you consider fixed costs, competitor prices, or both?

Machine Learning 73

Machine Learning Artificial Inteligence Software Review Retail 73

Altexsoft

MAY 23, 2023

Revenue Per Available Room, or RevPAR, has emerged as a crucial key performance indicator (KPI) for assessing a hotel’s financial well-being and prosperity. The RevPAR Index , also known as the Revenue Generating Index (RGI), evaluates your hotel’s RevPAR performance compared to a defined competitive set, market, or sub-market.

Hotels 59

Hotels KPI Artificial Inteligence Strategy 59

Altexsoft

JUNE 21, 2023

Whether you’re a hotelier aiming to optimize revenue or a tech enthusiast intrigued by the evolving dynamics of travel and hospitality, acquiring a comprehensive understanding of ADR will be helpful. We also investigate predicting ADR through machine learning and strategies to enhance this KPI. What is ADR?

KPI 52

KPI Hotels Strategy Machine Learning 52

Altexsoft

NOVEMBER 9, 2021

When you go to the local farmer’s market to buy fresh produce from a seller you have known for years or try on a trendy outfit after having an ice cream in your favorite mall, well, it’s a simple way to enjoy life. Traditional statistical methods use mainly internal, historical data to predict trends within relatively stable markets.

Analytics 52

Analytics Software Review Systems Review Technical Review 52

Altexsoft

OCTOBER 20, 2020

Nowadays, even though there is a bunch of small changes you can implement to optimize the work of your warehouse that would certainly matter in the long run, warehouse management is normally carried out with the help of the warehouse management system (WMS). What is a warehouse management system? Receiving and Putaway.

Systems Review 93

Systems Review System Software Review Software 93

Altexsoft

MAY 26, 2021

Despite its simplicity, the occupancy rate is an important KPI that shows how full your hotel is. In any case, you will know better what to focus your marketing efforts on to get that desired “No vacancy!” Same as the RevPAR, this KPI doesn’t consider any input costs, so it can’t show the ultimate profit. Why use it? Why use it?

Hotels 64

Hotels Metrics Performance KPI 64