Release Date: Friday, July 01, 2011
MITS
®
, leading provider of advanced reporting and analytics solutions, announced a new solution designed to help wholesale distributors measurably improve their business results.
MITS Distributor Analytics
TM
- anchored by the MITS Discover online analytics processing (OLAP) technology platform - provides easy-to-use tools for tracking and optimizing inventory levels and profitability, along with sales trends, cash flow and collections.
"Wholesale distributors use Distribution Management software solutions to run their day-to-day operations," says Fred Owen, MITS President. "These systems generate tremendous amounts of data, but it can be difficult to track key metrics and uncover trends hidden inside them."
MITS Distributor Analytics
TM
is designed to extract this complex data from a company's Distribution Management System, then present it to business users in an easy-to-use way. "This lets business managers zero in on the most important aspects of their distribution business—without a lot of tedious work with spreadsheets," says Owen.
Mastering critical dimensions of the distribution business.
The success of a wholesale distribution business hinges on a surprisingly small set of key business metrics. "It's all about having the right mix of products, deployed to the right places," says Owen. "Match those up with the right sales opportunities, and keep customer payments flowing in, and these businesses can be highly effective in today's competitive environment."
Starting with an executive dashboard showing KPI metrics that are important across the organization, this new solution provides powerful yet easy-to-use tools for managing each of these business areas. The metrics on this full-screen, graphic dashboard link to underlying detailed reports providing deep interactive analysis. Both the dashboard, and the underlying reports can be set up for automatic distribution to the right users via email, or on demand.
First, the Inventory Return on Assets "Cube" - or analysis-tuned data view—lets business users manage a distribution company's most important asset to maximize its contribution to the bottom line. Users can easily spot weakly performing products and product categories, pinpoint winners and losers, and ensure inventory dollars are invested where they will do the most good.
There's also a Sales Analysis Cube, designed to help distribution business managers quickly identify customers who've stopped buying, sales reps who are lagging behind, and customers who might be draining profits away. It's easy to drill down to—or compare across—branches, products, and other dimensions.
Meanwhile, the Accounts Receivable Cube lets business users quickly spot deadbeat customers, sales reps who depend too heavily on suspect credit, pinpoint unpaid invoices that got lost in the shuffle, and even identify opportunities to improve credit policies.
Finally, the Inventory On Hand Cube helps users investigate and act on every trend or condition they uncover, by making it easy to see what's in stock and what it's worth. They can also easily identify unusual stock level trends, balance supply with demand, and uncover defective stock and vendor quality issues.
Helping distributors win in a very competitive business.
"While inventory, receivables and sales are all critical to distribution success, many organizations overlook another key asset—their information," says Owen. "This new solution unlocks that information, making it easy to understand and analyze."
MITS Discover is a mature, state-of-the-industry analytics solution used by hundreds of organizations worldwide. The new MITS Distributor Analytics
TM
is already in use at key customer sites, and is available for licensing now.
About MITS
MITS® is a leading developer of Advanced Reporting and Business Intelligence products. The MITS product line contains both the MITS Discover® OLAP Business Intelligence suite, as well as the ad hoc report tool, MITS Report®. Founded in 1996 and headquartered in Seattle, Washington, the company's technologies are used by thousands of organizations, resellers and systems integrators worldwide. MITS products are firmly entrenched in a wide range of business areas, including manufacturing, distribution, retail sales and services, education, government, healthcare, and insurance, as well as in many other industries.
For more information, visit http://www.mits.com
About UniVerse
Reliable and Flexible Foundation for Business Solutions
Successful businesses continually push themselves to find ways to maximize their effectiveness and reduce costs. UniVerse maximizes return on investment and is built to keep costs low, delivering uncompromising reliability and power with the features that successful businesses need.
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About UniData
Secure and Available 24 X 7
Tuned for business
The current economic climate demands more from your technology than ever before. While easy-to-use, high-performance solutions have always offered a faster return on investment, they may be a matter of survival today. And for businesses prepared to take advantage of changing times to position themselves for the future, they offer a competitive advantage.
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Highlights
- Delivers low TCO and exceptional scalability to meet the challenges of on demand business in the SMB and large enterprise market
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For more information, visit http://www.rocketsoftware.com/u2/
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