MONTREAL, March 17, 2014 — TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company, announced today Visual Metrics, the industry's first executive dashboard for full-cycle warehouse management analytics with embedded metrics. The dashboard enables decision makers to compare themselves against competitors, while also identifying areas to optimize the performance of their distribution and customer service operations through actionable strategies.
Incorporating key performance indicators from the WERC's (Warehousing Education and Research Council) DC Measures industry study, distribution executives using TECSYS' Visual Metrics dashboard will have a trusted source of interactive, high-impact management tools relevant to their business. They will also be able to instantly visualize, interact with, understand, and share operational and analytical information allowing them to make more-informed decisions and share insights with their business ecosystem.
"To become a top performer in today's competitive marketplace, a distribution organization must leverage the growing amounts of available data, both internal and external data from comparable business environments," commented John Reichert, Director, WMS Product Marketing at TECSYS. "Intelligent business data can convince executives, motivate employees, drive strategic decision-making, measure progress and help define the route to becoming an industry leader. The combination of our Visual Metrics dashboard and warehouse management application is the industry's newest platform for improving and sustaining superior supply chain management performance, competitiveness and profitability."
TECSYS' Visual Metrics dashboard for the executive suite is an essential tool for monitoring business performance against industry peers. It empowers executives to gain greater visibility into their industry landscape and help make the best decisions to improve their distribution operations. It also allows organizations to focus on improving relevant key performance indicators, aligning employees' day-to-day contribution toward the changing dynamics of their business.
"Our Full-cycle Visual Metrics dashboard provides instantaneous insight that distribution executives have never seen before," stated Dino Stamatiou, Practice Leader, Analytics & Business Intelligence at TECSYS. "The impact analytics can have on corporate performance has been exceptional. For example, in the MIT Sloan Management Review on Data and Analytics of 2013, 67% of organizations stated that analytics have given them a competitive edge. In addition 26% are more profitable than their industry peers, and outperform average industry performance by 6% to 9%. That tells you the power of analytics in this modern era."
Improving the effectiveness and efficiency of a distribution operation using TECSYS' Visual Metrics will have immediate impact on customer satisfaction and the organization's bottom line.
Currently the types of metrics included in the dashboard are:
- Customer-focused metrics — track activities that impact your most important stakeholder: the customer. Ensuring high performance in this area leads to customer satisfaction.
- Operations-focused metrics — track activities that should provide ample supply of product in order to satisfy the demands of the customer.
- Inbound and outbound metrics — track inbound metrics to ensure that inventory is readily available, while outbound metrics ensure that customer orders are processed quickly and accurately.
- Capacity- and quality-focused metrics — track the accuracy of inventory on hand and how well you utilize your warehouse. Having low inventory accuracies ultimately can affect a distribution organisation's ability to fulfil customer demand, while improper warehouse capacity utilization can affect the costs, as well as the ability to handle fluctuations in demand.
About TECSYS' BI & Analytics Solutions
TECSYS' Business Intelligence (BI) & Analytics solutions enable distribution organizations to gain clear and immediate insight into their organizational data assets in order to make informed decisions. Through TECSYS' pre-packaged analytics solutions and services, supply chain managers have the necessary tools and knowledge to manage their organizational performance. TECSYS' Business analytics offers a suite of intuitive tools that are easy to implement, use and manage. It also offers pre-built models and content such as reports, analyses, dashboards, multi-dimensional data-marts and metadata models to allow your end users to immediately realize distribution organization objectives.
The Warehousing Education and Research Council (WERC) is the only professional organization focused on warehouse management and its role in the supply chain, providing practical, how-to information to help members grow professionally as they improve warehouse and company performance. WERC is a not-for-profit organization with individual and corporate members.
The annual DC Measures study results and analysis are compiled and presented by WERC's research partners, Karl B. Manrodt, Phd., Professor, Georgia Southern University and Kate L. Vitasek, Managing Partner and Joseph M. Tillman, Senior Researcher at Supply Chain Visions.
TECSYS provides transformative supply chain solutions that equip our customers to succeed in a rapidly-changing omni-channel world. TECSYS solutions are built on a true enterprise supply chain platform, and include warehouse management, distribution and transportation management, supply management at point-of-use, as well as complete financial management and analytics solutions. Customers running on TECSYS' Supply Chain Platform are confident knowing they can execute, day in and day out, regardless of business fluctuations or changes in technology, they can adapt and scale to any business need or size, and they can expand and collaborate with customers, suppliers and partners as one borderless enterprise. From demand planning to demand fulfillment, TECSYS puts power into the hands of both front line workers and back office planners, and unshackles business leaders so they can see and manage their supply chains like never before.