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A Guide To Starting A Career In Business Intelligence & The BI Skills You Need

Data Pine

Problem-solving : BI isn’t just about analyzing data; it’s also about creating business strategies and solving real-world business problems with that data. For example, you could be the one to extract actionable insights from specific retail KPIs that need to be visualized and presented during a meeting.

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Workforce Planning Best Practices for 2022

Insight Software

As a result, strategic workforce planning is garnering considerable attention today, and workforce planning software is in high demand. Workforce planning means analyzing a company’s existing staffing levels, then anticipating and planning for future needs. Workforce planning is also about the short and medium term.

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18 Best KPIs and Metrics for the Agile CEO

Insight Software

Gross Profit Margin = (Total Revenue – Cost of Goods Sold) / Total Revenue. This performance metric should be tracked in conjunction with gross margin and operating costs to ensure enough money is being generated from sales, and that operating costs aren’t eating too far into profitability. ROAS = Revenue / Advertising Costs.

IBM cost 106
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Demand Planning and Forecasting: The Key to Supply Chain Challenges

Insight Software

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. Instead of paying down debt, saving on interest expense, and preserving liquidity; its cash is committed to maintaining bloated levels of inventory. The Four Elements of Demand Planning.

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Five Types of Budgets: Which One is Right for You

Insight Software

Interest expense on an amortized loan, for example, will steadily increase over time as the principal portion of each payment declines. In a few cases, managers may be aware of expense categories that will sharply decline or go away altogether. Lease payments often remain steady over a period of years. Zero-Based Budgeting.

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Top 5 KPIs for Strategic Planning

Insight Software

Strategic planning ranks high on a company’s list of priorities, and equally high on the list of challenges. Consider the eye-opening results of a recent survey : 94% of CFOs plan to change their risk strategy in the wake of the COVID-19 pandemic. With so many disruptive forces in play at once, strategic planning is critical.

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Making the Move From GAAP to IFRS Reporting: 3 Tips for Success

Insight Software

The European Union (EU) was quick to adopt IFRS, and in the ensuing years, China, Japan, Canada, Korea, and India all announced plans to move closer to IFRS, and eventually to make a wholesale transition to the new standards. GAAP dictates that you carry fixed assets at their original cost, net of accumulated depreciation.