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What business intelligence does for trading companies

Production environment where operational data is recorded

What business intelligence does for trading companies

At AmbitionBI we understand the particular challenges trading companies face today. In this article we show where BI reporting adds demonstrable value to a trading business, in three specific areas:

  1. Stock management
  2. Complete invoicing
  3. Delivery performance

1. Smarter stock management

For a trading company, visibility of stock value and stock status is essential. AmbitionBI's BI reporting gives clear visualisations of the value, turnover rate and status of stock, and shows which items are in transit or due for payment shortly. With detail on time in stock, locations, written down stock and historical transfer prices, managing stock levels becomes easier. That matters all the more now that tying money up in stock has become more expensive as interest rates have risen. BI reporting helps you optimise minimum and maximum stock levels so the business runs more efficiently.

2. Invoicing completely

Invoicing completely and on time is crucial if you are not to lose revenue. Trading companies often run several systems, which means several data sources and the risk of incomplete invoicing. Our BI reporting solves that by consolidating data from those systems into a complete picture of the invoicing process. Companies can then monitor completeness and make sure everything sold is invoiced correctly and on time. Accurate invoicing lets a trading company maximise revenue and improve its financial health.

3. Better delivery performance

Meeting your delivery performance, meaning the reliability of your deliveries, and the commitments you have made to customers, is crucial for a trading company. Finding the bottlenecks and improving logistics processes can make a real difference to customer satisfaction and to results. Our BI reporting gives deep insight into delivery performance by showing which items arrive on time and which do not. We analyse what drives that performance, including suppliers, warehouses and other factors, and identify where it can be improved. With that insight you can take targeted action and turn delivery performance into a competitive advantage.

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