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5 key metrics for IT success

CIO

Rate of change “The most important metric for IT success is rate of change,” says Nicolas Avila, CTO for North America at IT and software development company Globant. Every leader and every team should use rate of change to determine how quickly they can turn around a particular change, Avila recommends. Here they are.

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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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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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Product Life Cycle: How to Extend Your Product Market Presence

Altexsoft

After the development stage itself, which always comes with great efforts for a programming team and a thoughtful product manager, every product starts its own life in a market environment. Stage 0: Development. For a software product, entering the market is usually preceded by the development stage. Product life cycle.

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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.

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Procurement Analytics: Challenges, Opportunities, and Implementation Approaches

Altexsoft

Traditional statistical methods use mainly internal, historical data to predict trends within relatively stable markets. The International Association for Contract and Commercial Management (IACCM) research showed that on average, companies lose around 9 percent of annual revenue due to poor contract management.

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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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