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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, strategic workforce planning, and improving the profit. Browse our articles below or use the category buttons to quickly filter into a topic.

 
Posts tagged analytics
Damned if You Do; Damned if You Don't.... The Catch 22s of HR Analytics

When You Just Can't Win: In HR Analytics, it is important to look ahead and think about unintended consequences. With some people analytics studies, you need to know when you just can't win otherwise you'll waste valuable budget/resources to produce no results. I'll provide examples.

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How Growing Companies Can Fail: Understanding the Cash Flow Gap (Ep. 1: Business Analytics Series)

Smaller, younger businesses are more likely to fail because of cash flow problems and poor cash flow management. In fact, the SBA reports that 82% of younger businesses fail this way. Understanding the concepts of order-to-pay and the cash flow gap are key to successful business management. View this video to learn how growing businesses can fail if they don't manage this challenge and how to use simple data analytics to how this challenge can impact you.

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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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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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