01 Jun The Importance of Data Management
All companies use data to create strategies, make important decisions, and set goals for the business. A good data management process will help companies to align strategies and identify areas of growth. And in today’s competitive environment, being able to make those decisions before the competition, or making the best decision for your business is crucial to growing your business.
A comprehensive data management system can help managers and executives have access to the information they need when they need it. In addition, financial and accounting information will be better organized to reduce errors.
Almost all organizations have data in some form, however, it is not consistent, stored in multiple locations, or in different formats. This makes it difficult to utilize the data as it is intended—to create strategies or make informed decisions about the business.
Many companies use different sources of data for forecasting, analysis and evaluating performance. When decision makers are analyzing numbers in order to make choices that will have an impact on the business, it is imperative that the numbers come from the same source so that all managers are viewing the same data. Even the smallest discrepancies can affect its usefulness.
Kable Fulfillment can help your company standardize your data in a user-friendly, easily-accessible format. Your organization will be able to evaluate data accurately to optimize business returns.
The increased demand for instant information in the business world necessitates a data management system with real-time solutions. It is not productive for decision makers in your organization to waste time locating the information they need and synergizing it with other data to make it usable. Having the necessary information when you need it makes all the difference in productivity.
For example, when supply chain managers need to get the right product in the right place at the right time, they need to make production decisions based on real-time data, as well as track inventory to get the quantity correct. In this situation, access to real-time production and inventory numbers is critical.
There are many off-the-shelf data management solutions available but they don’t always fit your business needs. Kable can provide your company with a customize data management system that works specifically for your business, including:
- Customized reporting options
- Fully audited transactions
- Marketing and sales reports
- Real time production reports
- POS sales data capture
- Remote reorder alerts
Data analysis can also be made easier and faster with the use of an integrated system. Kable can create custom IT applications that streamline processes. Your data management system will be fully integrated and flexible, tailored to your specifications. We can also streamline processes such as orders, customs, accounting, payment processing and returns.
Kable Fulfillment can give your organization the tools you need to make the best decisions for your organization by integrating your data into a customized format to fit your needs. Our IT team can give you a smooth, errorless data integration and create reports that let you manage your business properly. Contact us today at kablefulfillment.com to learn more about our data management solutions.