The Role of Data Analytics in Profit Optimization- A Guide for Businesses I. INTRODUCTION  Data analytics is essential for any business that aims for profit optimization. Businesses, both big and small, must gather enormous amounts of data in the current digital era from a variety of sources, including purchases, digital interactions, and client impressions. It is not enough to gather and process this data alone. To immediately improve their company goals and results, organizations must effectively understand and evaluate this data. In one of the studies, it was found that businesses that ..read more

Customer Rebate is a Reward that pays back a portion of the total price a customer pays for purchasing merchandise and/or services. In many cases, rebates have proven to be more helpful in inducing customers to make purchases than direct discounts. Many sellers often perceive rebates as a better marketing strategy compared to discounts. The primary reason for this is that it will induce the customer to make a subsequent purchase when offered a rebate. When managed effectively, customer rebates offer huge value to both the seller and buyer. The seller can build a strong relationship with their ..read more

Chargeback is the term most often used in Health care industry and Ship and debit is the term used mostly in all other industries. It is contractual agreement between suppliers and customer (mostly first level distributors) where specific products are shipped and invoiced to end customers (end users) at a lower price than usual. The difference in price is then claimed from the supplier to protect distributor margins. Distributor side of the chargeback or ship and debit is what we call Customer Chargeback in IMA360. This enables suppliers to negotiate their prices directly with end customers ba ..read more

Managing the royalty payments can be challenging if you are not aware of the techniques to calculate royalties. Are you utilizing a creative song or video in your project that is created by another individual? If so, you must gather all the information about different kinds of royalty calculation methods. While you are including someone else’s creation into your project, you have to give a certain percentage of the revenue to the creator. That’s what royalty payment is in simple words. Calculating royalty payments is a troublesome thing indeed if you possess no idea of how to do that. In this ..read more

Chargeback is the term most often used in Health care industry and Ship and debit is the term used mostly in all other industries. It is contractual agreement between suppliers and customer (mostly first level distributors) where specific products are shipped and invoiced to end customers (end users) at a lower price than usual. The difference in price is then claimed from the supplier to protect distributor margins. This enables suppliers to negotiate their prices directly with end customers based on market conditions while protecting distributor profit margin. Supplier side of the chargeback ..read more

If you’re associated with the sales line, you must have been familiar with the term ‘Sales commissions.’ Sales commissions are the extra amounts of money that salespersons get above their salaries. Like other employees, salespersons are also paid fixed salaries by the company authorities. Apart from the fixed salaries, salespersons receive extra compensations named as commissions. Generally, a salesperson gets commissions based on the number of sales he makes. Besides that, the overall amount of sales also determines the commissions that a salesperson receives. In this article, we will discuss ..read more

In B2B model, rebates are offered to the buyer when the buyer purchases a specific volume of goods within a specified time. For example, a pharmaceutical store sells over-the-counter medicine purchases in bulk pharmaceutical products from a supplier. Now the supplier can offer the store a rebate wherein the buyer needs to purchase a specific volume of a particular OTC medicine within a certain period. If the store owner makes the purchase, he will receive the order at a rebate or a percentage of the absolute amount. Supplier rebate tends to be different from a customer rebate because it is cal ..read more

Cloud computing, the delivery of computing services over the internet, has become a pivotal force in driving growth across various industries. By providing scalable, efficient, and cost-effective solutions, cloud computing has transformed the business landscape and propelled the global cloud computing market size to new heights. The Landscape of Global Cloud Computing Market According to industry trends, the global cloud computing market size was valued at a staggering figure in the last fiscal year. This significant market growth is largely fueled by the increasing adoption of cloud services ..read more

IMA360 is built using Golang, a highly efficient and fast programming language that is well suited for building scalable backend services. This ensures that our application can handle high volumes of data and transactions with ease, and can scale up and down based on demand. Golang is known for its ability to handle concurrency, which means that our application can handle multiple requests simultaneously, making it highly performant and efficient. To ensure that our application is highly available and fault-tolerant, we have chosen to deploy it on Kubernetes, a highly scalable and resilient c ..read more

In today’s fiercely competitive business landscape, organizations are constantly searching for avenues to gain a competitive edge and improve their profitability. One often overlooked opportunity lies within the realm of supplier rebates. Supplier rebates serve as a unique pricing mechanism that goes beyond simple discounts or promotions, offering businesses the chance to unlock hidden potential and drive financial benefits. By delving into the world of supplier rebates, businesses can tap into untapped opportunities and elevate their procurement strategies to the next level. Understanding Th ..read more