Altexsoft

NOVEMBER 9, 2021

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. However, more advanced software is capable of analyzing all the available information, discovering inefficiencies, and highlighting areas for improvement.

Analytics 52

Analytics Software Review Systems Review Technical Review 52

Altexsoft

JUNE 21, 2023

We also investigate predicting ADR through machine learning and strategies to enhance this KPI. It is a hotel performance metric representing the average revenue earned for each room rented out in a hotel over a certain period. The metric includes all types of rooms and rates, whether discounted, group, or the best available ones.

KPI 52

KPI Hotels Strategy Machine Learning 52

Altexsoft

MAY 26, 2021

In other words, a certain number of metrics and KPIs has to be set up, monitored, and analyzed to be turned into valuable insights. Occupancy rate, ADR, and ALOS: basic operational metrics. Despite its simplicity, the occupancy rate is an important KPI that shows how full your hotel is. Occupancy rate. What does it show?

Hotels 64

Hotels Metrics Performance KPI 64

Altexsoft

OCTOBER 13, 2023

Turnover Ratio, Return Rate, Shrinkage, and Other Inventory KPIs to Manage Your Stock Inventory management always involves deciding on further actions: Which items should you replenish? What are inventory KPIs? We’ll get back to this metric and break it down in more detail further on. In which quantity? What does it show?

KPI 52

KPI Weak Development Team Software Review Metrics 52

Altexsoft

APRIL 24, 2019

Such a pricing strategy can lead to bad reviews, complaints, or worse. One case for customer alienation is that when users put an item in the basket without purchasing the item and after a day or so, they’ll get a discount code for the abandoned cart item,” explains Kocak. Such cases generally gain a lot of publicity.

Machine Learning 73

Machine Learning Artificial Inteligence Software Review Retail 73

Altexsoft

OCTOBER 20, 2020

Being part of the logistics management system we discussed before, WMS is the software designed to manage, control, and optimize all the processes in a warehouse — from receiving and storing goods to billing and creating reports. Obviously, every business is unique and will have different requirements for the software.

Systems Review 93

Systems Review System Software Review Software 93

Altexsoft

MAY 31, 2019

In a digital world, to manage these processes in both ways, businesses use logistics management systems – a combination of software tools that optimize all processes between making an order and delivering it to a customer’s door. Building, purchasing, and managing LMS software on your own.

Transportation 85

Transportation Systems Review Software Review System 85

Altexsoft

AUGUST 11, 2022

miles long carrying 82,000 metric tons of ore), and more sustainable (one ton of freight can be moved over 470 miles on just a single gallon of diesel fuel). 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).

Technical Review 52

Technical Review Industry Technology IoT 52

Kaseya

JULY 29, 2022

Moreover, technology and analytics have enabled professionals in all fields to process a tidal wave of data and present it in informational and easy-to-understand reports. While MSPs and internal IT can track hundreds of metrics, keeping tabs on all of them is time-consuming and labor-intensive. Besides, not all metrics provide value.

Report 52

Report Examples CTO Budget 52

Altexsoft

NOVEMBER 15, 2022

Stakeholders — from property owners to managers to housekeeping staff — use this metric to make informed decisions and increase revenue per room or property. While occupancy rate is essential for deciding whether your management strategies succeed or fail, there are a few things you should keep in mind regarding this KPI.

Hotels 52

Hotels Machine Learning Artificial Inteligence KPI 52

Altexsoft

SEPTEMBER 19, 2018

KPI tracking. The last point is of special importance, because the KPIs define the success of the whole strategy. KPIs in hotel revenue management. It’s compared to hotel’s historical ADR or competitors’ metrics. Revenue per available room (RevPAR) – a KPI that assess financial and business performance of a hotel.

Hotels 66

Hotels KPI Travel Analysis 66

Altexsoft

APRIL 5, 2019

To make their planning more organized, a project manager creates process documentation – a set of standards, reports, metrics, schedules the team should adhere to during development. Deliverable: iteration review. Project Manager’s KPI – Tracking improvement over time. Deliverable: time and costs breakdown.

Project Management 81

Project Management Product Management Weak Development Team Minimum Viable Product 81