BUSINESS INTELLIGENCE- AN INTELLIGENT MOVE TOWARDS BUSINESS GROWTH
“Business intelligence is not just about turning data into information, rather organizations need that data to impact how their business operates and responds to the changing marketplace.” ~ Gerald Cohen The data of the Bureau of Labor Statistics suggest that the number of American warehouses has risen by about 15 percent since 2010. As the distribution industry continues to grow, warehouse operators must ensure that their facilities are as efficient as possible. And when it comes to efficiency, inventory management for small business or any other business with a supply chain is vital. Inefficiencies in inventory management can erode productivity, which will eventually hurt profitability. A study by IDC reveals that companies lose 20 to 30 percent in revenue every year due to inefficiencies . Hence, it becomes important to efficiently manage the inventory for profit maxi