Numerical Insights
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Numerical Insights publishes articles on a variety of topics including business analytics, data analysis, data visualizations tools, improving business results, supply chain analytics, HR Analytics, gaining competitive advantage, strategic workforce planning, and improving the bottom line. Feel free to browse our topics below.

 
Data-Driven Decision Making for Restaurants and Bakeries

Individual locations of large restaurant chains are supported by the enterprise systems in their corporate locations. These systems assist each location in viewing sales, sales patterns, usage of ingredients, profitability, inventory analysis and more. An individual owner of a restaurant or bakery doesn’t have the luxury of corporate support and enterprise computer systems but still has to figure out how to compete with these chain locations. Data-driven decision making has become an invaluable tool for these entrepreneurs.

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The Monthly Metric: Demand Variability

A change of the calendar is always a time when supply management professionals think about challenges in the coming year. However, if recent history is a guide, there won’t be much debate on the biggest challenge for procurement in 2019. Throughout the decade, surveys and studies have identified demand variability as the biggest impediment to supply management success.

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Practical Analytics: The Value of Actions

In the analytics world, there are teams that are “stuck.” This article is to help those teams get “un-stuck.” Perhaps you headed down the path of analytics without a plan. Perhaps you had a plan but the ever-changing data privacy regulations halted that plan. It’s time to refocus so you can begin to move forward once again.

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Visibility and Transparency is Still a Challenge in Procurement

With all of our technology, big data storage choices, apps, data visualization tools and statistical packages, visibility and transparency remain a challenge for procurement teams. To make clear the difference between the two, when I speak of visibility, I am referencing the ability for procurement professionals to access and analyze their own internal procurement data. When I speak of transparency, I am referencing the exposure of procurement information to the public.

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Efficiency Gains and Savings with the Net Promoter Score

The concept of the Net Promoter Score (NPS) was first published in 2003 in an article called,  One Number You Need to Grow. It was created as a way to measure and manage customer loyalty without the complexity of traditional customer surveys. Since that time, the same concept has been applied in multiple functional areas to replace longer surveys that require too much of a participant’s time. 

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17 Analytics Ideas to Get You Started

This list is provided to help you get started in analytics. Examples are from HR-People Analytics, Supply Chain Analytics, Legal, Marketing and general Business Analytics. If you’re only interested in one of these areas, I have identified in each example, the business areas to which the idea applies. You can use that to skip quickly through the list.

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