The pandemic is forcing organisations to re-examine their strategies. With weaknesses being inexorably revealed. Often, these are due to a lack of insight and control. Are you ready to make business intelligence and analytics your game-changer?
These days, operational efficiency and cash flow are the main focus of almost every company. Organisations are looking for the quickest way to identify inefficiencies, increase cost efficiency, protect assets, and retain investor confidence.
Scalable and for any budget
‘Informed decision-making is a must right now,’ says Jan Vautmans, managing partner of Bmatix. ‘BI and analytics enable you to gain valuable insight from structured and unstructured data – for instance, into your operational efficiency or the performance of departments and people. With an instant impact on your operating income.’
Do you have to shell out a huge amount of money straight away for a useful BI investment? ‘No,’ Jan stresses. ‘BI is scalable and achievable whatever your budget. Not everyone will need extensive solutions to monitor performance, stock levels and KPIs. Often, a basic reporting dashboard will already give management a new and broader insight into the financial figures, stocks, purchases and sales.’
Make use of KPI and SLA monitoring
‘In these coronavirus times, basic reports often provide great added value. Customers frequently ask us to extend the existing reporting environment. For HR, for instance: how many people are at work and how many are ill? For the warehouse: which orders are scheduled to be dispatched and received, and what does the planning look like for the coming weeks? For production: which orders are scheduled, and which ones can we finish on time? And is there sufficient stock and planned production to fulfil the order book?’
‘It’s a good idea to make use of KPI and SLA monitoring. These insights can be a stepping stone towards planning, budgeting, or forecasting based on operating results and market trends.’
Rewards in the long term
‘BI and analytics help your organisation to survive today,’ Jan concludes. ‘But it doesn’t stop there: the efforts you make now will also pay off in the long term. Anyone who improves their insight and control in tough economic times will also reap the rewards of this as soon as the economy picks up again.’
Visit Bmatix right away.
BI and analytics help your organisation to survive today. But it doesn’t stop there: the efforts you make now will also pay off in the long term.