The food and beverage industry key metrics
Phocas
FEBRUARY 9, 2021
From the apple orchard to the check-out, business intelligence (BI) uncovers opportunities and risks hidden in your product lifecycle and company performance.
industries food-and-beverage 
Incorporating Data Analytics in Fast Food Legal Cases
Smart Data Collective
OCTOBER 8, 2023
Unraveling the intricacies of legal disputes in the fast food sector can be a formidable task. This article delves into the profound impact data analytics can have on fast food legal cases. Personal Injury Claims Fast food chains bear an obligation to ensure the safety of their customers. However, accidents can, and do, happen.
Data Analytics 
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Empowering Sales to Provide the Best Customer Experience: Frucor Suntory’s SAP Innovation Journey
Timo Elliott
MAY 15, 2023
Company Overview: Frucor Suntory, headquartered in Auckland, New Zealand, is a renowned player in the food and beverage industry. By leveraging the power of SAP Business Technology Platform (BTP), Frucor Suntory revolutionized its sales automation system, empowering its sales team to deliver exceptional customer service.
How the Internet of Things and AI will Transform Sports Business?
Smart Data Collective
JANUARY 6, 2021
If there’s one industry that had previously remained fairly untouched from the technological advancements, it is the sports domain. Let us deep dive into the two technologies and their individual impact on the sports industry. Role of AI in the Sports Industry. The sector has reached a market value of $388.3 billion in 2020.
5 Things You Didn’t Know About FDA Data-Driven Software Validation
Smart Data Collective
AUGUST 22, 2021
Software validation by the Food and Drug Administration (FDA) is a vital step in the oversight process towards ensuring the systems your organization uses when manufacturing and distributing regulated products are of the highest quality. They have already been relying on it to improve food and beverage labeling , which is just as important.
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How to increase margins in your food distribution company
Phocas
NOVEMBER 10, 2020
The changing demand for organic, fair-trade or locally sourced products, as well as changing food industry regulations, are putting a strain on food and beverage distribution companies. Data analytics is proving to be a powerful way for food and beverage companies to predict changes in demand and respond accordingly.
Embedded Foodservice Analytics Feed Users’ Need for Data
Sisense
AUGUST 4, 2021
COVID-19 is a huge data story in many ways, and food delivery analytics are a big part of that. Online food ordering in 2020 hit $115 billion globally and could reach nearly $127 billion in 2021 according to an April 2021 report. However there’s hope on the horizon! Identify customer trends and improve sales. Discover retail analytics.
7 Executives, 52 Companies and 137 Products Win 2021 BIG Innovation Award
Bintelligence
JANUARY 12, 2021
Philadelphia, PA—January 12, 2021—Today, the Business Intelligence Group named seven executives, 52 companies, and 137 products as leaders and winners of the 2021 BIG Innovation Awards. This annual business awards program recognizes organizations, products, and people that are bringing new ideas to life in innovative ways.
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Empowering Manufacturing with AI: Selecting the Ideal Automated Shipping Document Data Extraction Tool
Astera
JULY 10, 2023
Enabling On-Demand Data Processing Consider the food and beverage manufacturing industry, where factors such as product freshness and expiry dates are of utmost importance. In the vibrant and rapidly evolving manufacturing environment, companies generate and handle a multitude of shipping data daily.
A Beginner’s Guide To Inventory Metrics And Best Practices
Data Pine
AUGUST 19, 2020
Inventory metrics can be common to different industries, and it is no surprise that you can identify one as a logistic KPI , but also see it listed as a retail KPI for instance. At the same time, inventory metrics are needed to help managers and professionals in reaching established goals, optimizing processes, and increasing business value.
Supply Chain 114
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13 Executives, 56 Companies and 81 Products Win 2022 BIG Innovation Award
Bintelligence
JANUARY 11, 2022
Innovation is driving the global economy across virtually all industries,” said Maria Jimenez, chief nominations officer of the Business Intelligence Group. “We Philadelphia, PA—January 11, 2022—Today, the Business Intelligence Group named 13 executives, 56 companies, and 81 products as leaders and winners of the 2022 BIG Innovation Awards.
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Observing the Benefits of Data Analytics with Beverage and Food Labeling
Smart Data Collective
DECEMBER 18, 2020
Big data has created a number of major benefits in the food and beverage industry. They pointed out that the global food and beverage industry is worth $81 trillion. Food and beverage companies are using big data to identify new marketing opportunities. Using data-driven labeling software.
Data Analytics 300
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How Data Can Help You Manage Extreme Change
Sisense
MARCH 26, 2020
In Navigating Change in Crisis , we explore how individuals and companies are adapting to a “new normal” in order to keep essential services functioning. We provide actionable advice around how organizations, and ultimately the builders of data and analytic apps, are adapting to meet these changes. Making smarter staffing decisions.
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60 Global Leaders Named Winners in the 2019 BIG Awards for Business
Bintelligence
NOVEMBER 6, 2019
The organization’s annual program was advertised as the “ __ of the Year” program and was launched to reward those companies, products and people that are leading their respective industries. PHILADELPHIA—November 6, 2019—Today, the Business Intelligence Group announced the winners of the 2019 BIG Awards for Business program.
Data is the new ingredient at Everest Ice Cream
Phocas
JANUARY 31, 2021
Perfecting the next flavour sensation is part of the day-to-day operations at Everest Ice Cream. However to carry out continual improvement and gain efficiencies – Everest sought some extra assistance – in data analytics. While it is still early days of its data transformation project, Everest is already developing new use cases for data.
Exception reporting is one of the reasons Savona selected Phocas BI
Phocas
SEPTEMBER 22, 2020
Savona, an independent British food distributor, wanted a BI tool that reviews sales information includes human resources data and brings together online and offline orders into one version of the truth.
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Phocas partners with Strategic Information Group to support QAD ERP customers
Phocas
APRIL 19, 2020
Phocas seamlessly integrates with dozens of ERP systems, including QAD Adaptive ERP powered by the QAD Enterprise Platform. Strategic is a QAD reseller in the U.S. and Canada, and also has full distribution rights to sell and service QAD ERP applications across Ireland.
How can wholesale food businesses increase sales?
Phocas
JANUARY 12, 2021
The wholesale food industry is faced with many new challenges as a result of the pandemic, most notably a decline in demand for goods as hotels, restaurants, schools and sporting venues operate at a lower capacity.
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Margin analysis helps drinks distributor concentrate on key areas of business
Phocas
MAY 15, 2020
Dayla Drinks is an independent on-trade drinks distributor specializing in the procurement and supply of over 3,000 products such as beer, spirits and soft drinks. The company recognizes the importance of data to its operations so it can be flexible and provide excellent service to its customers across the United Kingdom.
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Harrisons Sauces increases profitability with BI solution
Phocas
AUGUST 6, 2020
Harrisons Sauces is part of BI Europe and manufactures condiments and sauces, supplying a variety of sweet and savoury sauces and seasoning to a wide range of market sectors across the globe.
Grocery distributor uses data to justify quality service strategy
Phocas
MARCH 24, 2019
F or many members of the Countrywide Food Service Network, d ata analytics is the new secret weapon to stay competitive. Grocery wholesale distributors use networks for buying power and breadth of product range.
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Why industry specific data analytics is taking off?
Phocas
MARCH 5, 2019
Having the appropriate data analytics solution is vital to strategic decision making. However, one-size-fits-all solutions don’t always address a company’s specific needs. Cloud technology has facilitated the rise of vertical SaaS data analytics and more bespoke solutions.
Chain restaurants devour data analytics
Phocas
MAY 12, 2019
A chain restaurant’s profitability often depends on its capacity to control costs. Data analytics provides a full picture of customer preferences and is a valuable tool for restaurant chains to address stock control and to attract local business.
COVID-19 sparked the greatest ecommerce growth in history?
Ntara
NOVEMBER 25, 2020
In the first quarter of lockdowns alone, America’s retail ecommerce industry grew, according to the U.S. The industries that thrived. A quick look at the industries gives a bit of insight into the shopping psychology of a pandemic. Across the country and across the world, people were effectively stuck inside their own homes.
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Five Types of Concentration Risks to Monitor in Real Time
Insight Software
DECEMBER 21, 2020
Food and beverage manufacturers who were selling their products to both consumers and institutional customers suffered less of a negative impact than those selling to restaurants and institutions alone. Restaurants that were already equipped to handle takeout service fared better than those that were not. Vendor Concentration Risk.
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89% of Finance Pros Are Unhappy: Here’s Why
Insight Software
FEBRUARY 28, 2022
Eighty-nine percent of financial professionals across multiple geographies and industries are dissatisfied with their operational reporting tools. We queried 500 finance decision-makers across multiple regions and industries to understand the operational reporting landscape. Why is that number so high? What Is Operational Reporting?
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18 Best KPIs and Metrics for the Agile CEO
Insight Software
JUNE 30, 2021
As we mentioned previously, CEOs in different industries will have different specific KPIs to monitor on a regular basis. They are the highest-ranking executive in the company and make high-level strategic decisions that chart the course for the company. You can check this with the working capital CEO metric. What do they want to see?
IBM cost 106
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Top Three Priorities for Finance Professionals Going Forward
Insight Software
MAY 10, 2021
Regardless of the industry, every company must determine its own balance between growth and profit. At a time of great uncertainty, the role of finance professionals has, of necessity, evolved into an ever more strategic one. As organizational priorities shift, so too do the priorities of finance teams.
Finance 98
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Ultimate Guide to Equity Compensation Management and Software
Insight Software
FEBRUARY 4, 2022
For small entrepreneurial businesses, equity compensation can be a very attractive way to attract and retain highly talented employees. Equity compensation may also apply to non-employee services provided by independent contractors, board members, or advisors. It’s a win for employees and contractors because the potential upside can be very high.
The Importance of Data Quality in Financial Reporting
Insight Software
DECEMBER 23, 2021
Data quality has always been at the heart of financial reporting , but with rampant growth in data volumes, more complex reporting requirements and increasingly diverse data sources, there is a palpable sense that some data, may be eluding everyday data governance and control. FSN: Agility in Financial Reporting & Consolidation. Access Resource.
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5 Factors to Consider When Choosing Board Reporting Software
Insight Software
SEPTEMBER 20, 2021
The board of directors sits at the pinnacle of every organization. They are the strategic thinkers that see the big picture, ask the important questions, and ultimately guide the company toward success. To do that, they need the right information. Reports to your board must be accurate, timely, and thorough.
IBM Support 98
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Making the Move From GAAP to IFRS Reporting: 3 Tips for Success
Insight Software
SEPTEMBER 28, 2021
We live in an increasingly globalized world in which more and more companies are transacting business in multiple currencies. Finance teams must often harmonize and consolidate financial reports across multiple legal entities , often based in different countries and operating with different functional currencies. Valuation of Fixed Assets.
IBM cost 97
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10+ Government KPIs for 2021 Reporting
Insight Software
JUNE 25, 2021
Government KPIs function like KPIs used by for-profit businesses — they demonstrate the organization’s overall performance and its accountability to its stakeholders. In more layman terms, public sector KPIs serve two important purposes: They report important information to citizens. How to Compare Reporting & BI Solutions.
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Five Types of Budgets: Which One is Right for You
Insight Software
AUGUST 25, 2021
Traditionally, most businesses approach budgeting as an adjustment to the status quo. The current year’s budget and year-to-date actuals usually serve as the starting point for next year’s budget. Although this is an entirely legitimate approach, it is only one of five main types of budgeting processes that business leaders have at their disposal.
IBM cost 98
98 
5 Ways to Ensure ERP Migration Success
Insight Software
NOVEMBER 8, 2021
When you are planning an ERP migration, sizing up the tools and technologies that will enable or inhibit the success of your data migration is an important step in the process. No matter what your reason, there is likely a level of reservation due to the high stakes and little room for error when it comes to migrating your legacy data.
ASC 820: How to Account for Fair Value Measurement
Insight Software
JULY 19, 2021
In theory, the prospect of listing a company’s assets and liabilities is a fairly straightforward proposition. Businesses purchase equipment and inventory, invest in intangible assets such as brand development and goodwill, and hold hard assets such as cash. In reality, though, the value of assets can fluctuate constantly.
IBM Support 98
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5 Ways to Streamline Your Accounting Month-End Close Process
Insight Software
JULY 1, 2021
The accounting month-end close process can be stressful for the finance team in many organizations. The pressure is on to get the books closed cleanly, accurately, and without delay. That frequently means some late nights at the office (or these days, in the home office), and a good deal of research and analysis. Assign accountability to each task.
IBM Support 98
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Exercising Control Over Transfer Pricing: How to Avoid Risks at Year-End
Insight Software
JUNE 17, 2021
A large US-headquartered multinational manufacturer with sales in 100 countries wanted to manage operational transfer pricing at year-end with more accuracy and transparency, and to move toward a position where it could analyze the meaning behind its reported numbers in more detail. The Need to Free Up Time. Managing Data Integrity.
20 Best Logistics KPIs and Metric Examples for 2022 Reporting
Insight Software
NOVEMBER 16, 2021
These benchmarks could come from industry standards or simply from your historical data if available. Logistics KPIs can measure a variety of metrics, most of which pertain to purchasing, warehousing, transportation, delivery of goods, and financials. Importance of Monitoring KPIs for Logistics Managers. Choose SMART KPIs.
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15 Best Non-Profit KPIs and Metric Examples for 2021 Reporting
Insight Software
JUNE 24, 2021
Both structures aim to claim a bigger share of the market; however, most non-profit businesses engage in developing KPIs that measure societal influence as opposed to revenue. How to choose the right non-profit metrics? Both of which could lead to chaos. Cross-sectional metrics : Measures that encompass all the activities within the organization.
IBM cost 98
98 
Ultimate Guide to ESG Reporting
Insight Software
MARCH 2, 2022
In recent years, investors have been placing an increased emphasis on a range of environmental, social, and governance (ESG) issues resulting in ESG reporting becoming more important. These issues are garnering more attention from legislators and regulators from around the world. Six Steps to Nail Your ESG Reporting. Access Resource. Environmental.
From Steward to Strategist via Value-Added Analysis
Insight Software
JUNE 2, 2021
With job titles ranging from controller to CFO, 61 percent of respondents were the primary decision makers in their departments, and the other 39 percent shared responsibility for the decision-making process. What keeps some CFOs from rising to the challenge of creating long-term value for their organizations?
IBM Support 80
80 
Demand Planning and Forecasting: The Key to Supply Chain Challenges
Insight Software
OCTOBER 18, 2021
An impending hurricane, for example, may prompt customers to stock up on batteries, flashlights, bottled water, ready-to-eat foods, and electrical generators. When a company ends up with too much inventory on hand, its capital is tied up in goods stored in the warehouse, so it can’t be put to use elsewhere.
Supply Chain 52
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Best 15+ Operational KPIs and Metrics for the Modern COO
Insight Software
JUNE 16, 2021
By monitoring operational metrics, a company is able to identify growth opportunities and build on its strengths. A chief operating officer (COO) is second in command to the chief executive officer (CEO), and is responsible for the company’s internal affairs. Breaking Down the COO Role. Whitepaper: How to Build Useful KPI Dashboards.
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