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Sunday, November 5, 2017
7 Ways Data Analytics Can Boost Your Business Growth.
7 Ways Data Analytics Can Boost Your Business Growth.Analytics can be used to optimize every area of your business.Here are seven areas where they have used analytics to transform their performance which boosted revenue, increased profits, and improved customer satisfaction and retention.
1 - Improved Service Level Performance
When it comes to delivering flowers, From You Flowers uses a network of florists to fulfill orders, as well as their own distribution centers. Analytics has allowed them to predict their ability to meet customer demands, which are often for same day delivery, by understanding the impact of traffic patterns and average delivery times for each supplier in major cities. This allows them to make and meet commitments, or pass on business where they know that delivery is not possible, or to propose a next day delivery.
2 - Better Order Fulfillment
Florist performance can vary based on many factors, such as time of day, the day of the week, or the product being sold, etc.
Analyzing supplier performance helps identify which of their many suppliers will give the highest probability of success for any give orders based on location, which increases their order fulfillment.
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