A dashboard is a management tool that measures performance based on different key indicators (“KPIs”).
For any company of a given size, with multiple functions and departments, dashboards with performance indicators can be used as means to improve productivity, efficiency and profitability.
The goal is to develop an efficient IT tool that can be used to measure and compare the results before and after the implementation of changes or change incentives.
Developing a highly efficient dashboard requires connecting to numerous data sources and then analyzing and interpreting them correctly. Excel and PowerBI represent tools of choice for carrying out such an exercise and making it possible to create views that are clear and that both management and dashboard users will find easy to read and interpret.
That may apply, for example, if you are seeking to:
- Improve absenteeism rates;
- Increase your profitability;
- Cut down on unproductive time;
- And so forth.
Within a dashboard, whether financial or operational, you can determine which indicators you wish to track.
Of course, there are the standard financial indicators such as:
- EBITDA;
- Net margin;
- Working capital ratios;
- Investment ratios;
- And so forth.
There are also operational analysis indicators such as:
- Purchasing group and vendor performance;
- Human resources (absenteeism, non-productivity, illness, health and safety, employee satisfaction, etc.);
- Production (prices and costs);
- Marketing campaign success;
- And so forth.
Would it be relevant for your company to implement a dashboard? Contact Francis Paquet , eng., CBV, for more information.
The first meeting is of an exploratory nature and offered free of charge.
