By now, we all know that organizations are taking full advantage of social media to closely connect with customers and to promote their products and services. But several articles and studies show that social networks are now a top purchase-evaluation tool for decision makers. Professionals connect to vendors on social media sites, and a many say that social media plays a role in every stage of the acquisition process.
Advance shipping notices (ASNs) can drive up efficiencies and accuracies by reducing discrepancies – which experts estimate happen about 30 percent of the time -- between invoices and the orders a retailer receives. That's because ASNs provide the retailer with detailed information on how the goods were packed for shipment, how many items are in the shipment, as well as product descriptions, carrier information, and even order information. ASNs also alert retailers that the goods have been shipped so they are ready to receive them.
ec-bp has been participating in social media for nearly as long as the platforms have existed... that is, I've been participating in Facebook, Twitter, LinkedIn, and Google + since each of them became available as beta experiments. Most of the content from ec-bp.com has been posted to these sites under my personal accounts. That's changing.
Most business owners have at least a basic way of collecting data from their companies, and at least some basic form of data analytics. The thing is, many business owners don't know what they should really be doing with that analytical data. A lot of times it is glanced at, and then pushed aside, without really having any effect on business one way or the other. However, there is actually a lot that you, as a retailer, can be doing to leverage those analytics to help you in the day to day running of your business.
Business owners have been using analytics to analyze their business data for many years. The real question is, what do we do with that data? Up until recently, there really hasn't been much guidance when it comes to interpreting and utilizing that data to meet your business needs. However, in today's highly competitive supply chain it is more important than ever to know how to utilize those analytics to solve problems in your supply chain. Think about it: If you can't use that analytical data to solve real world problems for your business, what is the point of the analytics in the first place?