Use Data to Create a Leaner Commerce Company (5 Steps)

Use Data to Create a Leaner Commerce Company (5 Steps)

If you have a problem with inventory management that’s costing you $8 million a year, what should you do? Replace your ERP? Hire a new logistics staff? Something else?

For one company, the solution was getting a better understanding of their data. Once they conquered their data, they started cutting costs, increasing sales and delivering better customer service. If you want to emulate their success, follow these five steps to use your data to create a leaner commerce company.

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Don’t Let Social Media Data Spook You

 

The internet is teeming with valuable market data.

It’s where consumers go to share their thoughts, feelings, and opinions about the products they love – or hate. Unfortunately, a lot of actionable data is buried under piles and piles of useless information. When it comes to harnessing that social data, the challenge is separating the treasure from the trash.

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How to Rein in Your Data in 3 Steps

4-ways-rein-in-data

You want all the advantages that come with being a data-driven business.

You recognize that data is the lifeblood of a company’s competitive advantage. The Economist now calls it the world’s most valuable natural resource. Data helps you to better serve customers, pinpoint where to cut costs, identify risks and opportunities.

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