Winston Churchill's Wisdom of Ongoing Analysis

Winston Churchill’s Wisdom of Ongoing Analysis

April 9, 2015 — 

Winston Churchill wisdom of ongoing analysis is timeless. He said, “However beautiful the strategy, you should still occasionally look at the results.”  Day to day life typically becomes a routine.  We know what works, what doesn’t and we follow the plan that years of experience has taught us.  Then one day, things come up that

3 Dimensions That Are Critical To Seeing The Whole Picture

3 Dimensions That Are Critical To Seeing The Whole Picture

March 31, 2015 — 

Seeing the whole picture is a key to understanding your business. Marketers have known this for years. However, as fast as thing go in business today, especially in the C-Store space, it is impossible to manually analyze everything. But only analyzing some data may hide the big picture view. If you cannot see where things

Are You Putting Gross Margins and Gross Profits in Your Tool Belt?

Are You Putting Gross Margins and Gross Profits in Your Tool Belt?

March 10, 2015 — 

Are you putting profits in your tool belt? Gross Profit and Gross Margin ultimately mean the same thing. It shows much money are you making. However, gross profit looks at the revenue number, where costs are deducted from sales. Gross margin is the percentage and comparison of cost to sales. When looking at a percentage

Convenience Store Dashboard – Best Practices for Drilldown

Convenience Store Dashboard – Best Practices for Drilldown

March 1, 2015 — 

Convenience store dashboard best practices help choose tools to utilize your POS Scan Data. C-store operators need data to manage and optimize store sales, operations and profitability. Information is needed at the corporate level, store level as well as tiered levels according to the overall size of the operations. Larger companies often use both regions

image depicted the stress of Finance Analytics for C-Stores

Finance Analytics for C-Stores

December 31, 2014 — 

Finance analytics for c-stores is a must. The main asset, the store is purchase, leased for financed. ROI is critical to financial success.  BandyWorks’ myanalytics dashboards, reports and alerts allow the financial results to be easily linked to monthly cash flow budgets. Pulling data to assess your c-store financial needs is quick and easy. Track

The 6 Rights of Accountability

The 6 Rights of Accountability

December 29, 2014 — 

The 6 Rights of Accountability make it easy and effective to get the results you want. Even better, teams respond well and enjoy their work. Great accountability occurs when a company is able to get it right. 1. Vision / Mission – Visions do not change very often, but the mission may change more often

image of marketing director confidently using Marketing analytics for c-stores

Marketing Analytics for C-Stores

December 17, 2014 — 

Marketing analytics for c-stores drives results. Acquire more customers by investing time and energy where it matters. BandyWorks’ myanalytics puts your data to work to help you measure your results and target your efforts. Marketing executives can use business analytics to make confident well-informed decisions by analyzing: Promotional Take-Rates by Store and Cashier Sales Trends

IT

IT for C-Stores

December 17, 2014 — 

IT for c-stores is a given. Your company has mountains of data that must be reviewed to allow managers to make decisions and drive the business. BandyWorks’ myanalytics dashboards, reports and alerts fit into your environment to help you process the massive quantities of data more quickly. Our consultants understand how to work with your

OPERATIONS

Operations Services for C-Stores

December 17, 2014 — 

Operations Services for C-Stores Track daily and real-time operational performance, and visualize your enterprise data to discover actionable insights and make well-informed decisions. Operations dashboards include: Revenue vs Forecast Cash over/under Product Category Sales Breakdown Hourly Revenue Per Employee Average Basket Size Sales Alerts

image of CEO driving c-store growth with analytics

CEO & Owner Analytics for C-Stores

December 17, 2014 — 

CEO & owner analytics for c-stores keeps the focus on growth, culture and priorities. Stay focused. Work on the business with confidence. Naturally, you must keep track of on-going operations. Your staff is good. Cleary, monitoring results and staying in touch with the daily work keeps staff enagaged. Track your top level performance and business

Accountability – Six Things to Get Right – Start with Vision

Accountability – Six Things to Get Right – 1. Start with Vision

November 6, 2014 — 

Accountability – Six Things to Get Right – Start with Vision. Your vision is the picture of your preferred future. Establishing the right vision for your company is the first of six critical ‘getting it right’ steps to achieve great accountability. Establishing the vision draws a clear picture that empowers a team to make decisions

Essential steps when hiring a software development partner

Essential steps when hiring a software development partner

November 2, 2014 — 

Custom software makes the work of your team faster and better, but it is an investment in productivity that has some risk. In order to maximize the results, maintain the costs and minimize the risks picking the right developer is important. There are a few essential steps when hiring a software development partner. Successful technology

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Beyond Tobacco Rebates: What else can I do with my Scan Data?

In our work with family chains, we’ve found that store data accessibility and distribution are common issues for operations managers and supervisors. The lack of easy access to operations focused data can lead to environments where losses are hidden longer, and growth opportunities go unrealized.

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