A USA-based company that manufacturers products for the fundraising and nonprofits sector. They leverage a highly scientific marketing approach and advanced data analytics to service over 500 charities spread across five continents.
The company outsourced its digital print production to multiple vendors located in the regions like Asia, Europe and USA. The vendor data was stored in siloes and provided zero real-time insights into the overall process. The company conducted margin comparisons and analysis at an interval of every six months. However, these results didn’t factor in currency fluctuations, regional differences and other variable costs.
In absence of a centralized reporting system, the stakeholders presented periodic updates on revenue and profit metrics during in-person meetings. The end result was that the company incurred heavy losses due to grossly ineffective negotiations with vendors.
They required real-time visibility and analytical insights on every vendor, every partner and every order for efficient margin-comparison and quotations.
Hence, they partnered with Hitech Analytics to track vendor performance across regions with a business reporting and analytical tool to:
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Hitech Analytics deployed business analytical tool for margin analysis that focused on:
To overcome challenges related to data consolidation, integration and standardization, Hitech data specialists developed a new database structure that included:
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