Submitted by: David Kraft

Manufacturing software systems are normally designed with an executive dashboard module that allows executives and users the ability to get a quick view of every facet of the business – typically in real time.

Executive dashboards serve a specific and important purpose. Top level management in large companies do not have the time to spend a lot of time looking at reports that are full of confusing details. They need a quick and easy way to look at key performance indicators, in real time, so that they can make the high level decisions that they need to make on a daily basis. These indicators can be customized within each software package, so as indicators change or companies grow, the software’s dashboard can adapt.

For example, C-level executives probably only want to see things like rolled up P & L indicators, sales figures, comparisons with previous months, and so on. In other words, they care about the kind of things that will help the set the strategic direction of the company, not the daily ins and outs of where those numbers come from. Executive dashboards come in handy here as they give companies the ability to provide this kind of data to those executives at any time, in any place, in real-time.

[youtube]http://www.youtube.com/watch?v=LDU3s9Kf0HY[/youtube]

However, executive dashboards are not limited to use by executives. In fact, some dashboards can be customized by user, so those individuals that work at lower levels of the organization can have their own dashboard that shows them the information that is most pertinent to their work for the company. They may be able to see things like where the rolled up P&L data is coming from or where certain jobs that they are responsible for overseeing are at. Having the most relevant data for each person’s job at their fingertips at all times allows companies to be more proactive in their decision making and gives them the ability to vastly improve their performance and efficiency.

Of course, every business is different, so the specific model that your company operates on will dictate what indicators are important and which ones can be ignored. One good way to ensure that the right people are always looking at the right set of indicators is to map out all business processes and methodologies and look for the best ways to monitor that data.

If your software package doesn’t have executive dashboard functionality, take comfort in the fact that there are numerous third-party executive dashboard packages than can be integrated with most commonly used business software.

Last but not least, articles about using software in the manufacturing industry are never complete without a paragraph that mentions the importance of accurate data which is best ensured by insisting that all end-users are properly trained. Yet, somehow, many companies insist on cutting costs in the form of training. This is suicide. It makes no sense to make big business decisions based on data from software if that data is inaccurate! If you’re considering the use of executive dashboards at your company, it would be highly beneficial to ensure that your data input is accurate before implementing these changes.

About the Author: David Kraft is a freelance author that writes about numerous subjects. He is very knowledgeable about

MRP software

and writes tips for business owners looking for advice in selecting their next

manufacturing software

package.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=394470&ca=Business+Management