New Solution from MITS Helps Wholesale Distributors Track Key Metrics

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MITS, a provider of advanced reporting and analytics solutions, has announced a new solution designed to help wholesale distributors measurably improve their business results.

MITS Distributor Analytics - anchored by the MITS Discover online analytics processing (OLAP) technology platform - provides easy-to-use tools for tracking and optimizing inventory levels and profitability, along with sales trends, cash flow and collections.

"Wholesale distributors use distribution management software solutions to run their day-to-day operations," says Fred Owen, MITS president. "These systems generate tremendous amounts of data, but it can be difficult to track key metrics and uncover trends hidden inside them."

MITS Distributor Analytics is designed to extract this complex data from a company's distribution management system, then present it to business users in an easy-to-use way.

Starting with an executive dashboard showing KPI metrics that are important across the organization, the new solution provides tools for managing each of these business areas. The metrics on this full-screen, graphic dashboard link to underlying detailed reports providing deep interactive analysis.  Both the dashboard and the underlying reports can be set up for automatic distribution to the right users via email, or on demand.

The new solution offers the Inventory Return on Assets "Cube" - or analysis-tuned data view - to let business users manage a distribution company's most important asset to maximize its contribution to the bottom line; a Sales Analysis Cube, designed to help distribution business managers quickly identify customers who've stopped buying, sales reps who are lagging behind, and customers who might be draining profits away; an Accounts Receivable Cube that lets business users quickly spot deadbeat customers, sales reps who depend too heavily on suspect credit, pinpoint unpaid invoices that got lost in the shuffle, and even identify opportunities to improve credit policies; and an Inventory On Hand Cube that helps users investigate and act on trends or conditions they uncover, by making it easy to see what's in stock and what it's worth.

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