We live in a world where the media bombards us with over-sensationalized article titles. Our niche world of analytics is no different.Read More
Numerical Insights publishes articles on a variety of topics including 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.
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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.Read More
Every company that carries inventory wants to have enough to be able to fill customers’ orders but have a minimum amount of cash tied up on the shelf. Unfortunately, one half of that statement wants you to stock more items and the other half wants you to stock less items. You need… just the right amount.Read More
For quite a few years, Tableau has been viewed as the gold standard is visualization tools. Being a long-time user of Tableau, I still rate it at the top in terms of capabilities, but Microsoft's Power BI is gaining ground quickly. Each one is becoming well-suited to serve a different set of customers.Read More
The following overview is written as a guide to those new to analytics or new to solving business problems.Read More
In a recent interview, I was asked to explain the difference between HR Analytics and People Analytics. I wanted to share my response so people new the field could understand the history of these names and avoid confusion.Read More
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.Read More
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.Read More
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.Read More
For quite some time, I have been working with large, global companies analyzing topics related to gender. Specifically, many companies are concerned with providing equity between men and women.Read More