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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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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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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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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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13 power tips for Microsoft Power BI

CIO

Smart Narratives pull out key takeaways and trends in your data and wrap them with autogenerated text to build data stories. Power BI reports can also be embedded in Word, PowerPoint, Outlook, and SharePoint and be shared via Teams. You can also create manual metrics to update yourself.

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Dynamic Pricing Explained: Use in Revenue Management and Pricing Optimization

Altexsoft

How would you price tickets not only to cover expenses for each route but also to achieve a certain level of revenue to be able to grow and develop your business? For instance, an airline can secure itself from bad sales during a low-demand season or before an upcoming departure day by putting tickets on sale.

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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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