Is your distribution team using a data dashboard? If not, check out the advantages. It is an effective data management solution that provides the results of in-depth information analysis in the shape of visuals and displays KPIs necessary to make your business perform optimally.
Dashboards allow tracking data from disparate data sources. They help you monitor business performance much more easily and answer ad hoc question such as where are there bottlenecks or places of excess inventory.
Top KPIs to Track
Distribution dashboards help to measure and assess different KPIs. The most important four key performance indicators are:
- Order lead time - Estimates the average period required for a product to be delivered to a customer.
- Perfect order rate - Calculates the order quantity obtained from the distribution center.
- Backorder rate - Assesses the level at which orders are carried out for out-of-stock goods.
- Lost sales - Detects the number of quotes that don't lead to any income.
Distribution dashboards can also help with improving packing cost, order cycle time, vendor performance, etc.
Simplify Complex Data
Distribution industry reps work with big volumes of data. Without dashboards, it would be hard to comprehend the information. Dashboards help to sort data, highlighting vital content. These tools allow accessing whatever employees need in a matter of seconds, without searching for the necessary results manually.
Distribution dashboards allow transforming manufacturing info into data that makes sense. Such software uses visual elements like tables, graphs, and charts. It's enough to look at the image to get a clear insight into the production performance.
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“Flexible product with great training and support. The product has been very useful for quickly creating dashboards and data views. Support and training has always been available to us and quick to respond.
- George R, Information Technology Specialist at Sonepar USA
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Integrate Sources of Data
Manufacturing and distribution processes both rely on various factors like financing, operational performance, and logistics. To ensure that there are no problems, the company may implement dashboards. They can integrate data from every source into just one repository. Except for fully controlling one factor, users can compare and contrast how the rest of them interact with each other. It allows obtaining a quick trend analysis. Also, such a solution meaningfully decreases the time wasted on aggregating various sources of information.