EFFICIENCY OF A MANAGER’S WORK AS PART OF A BUSINESS ANALYSIS
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Well, here’s a manager who works his socks off all month and does sales of huge amounts, demands an embarrassingly big turnover bonus in the end of the month, but the profit he brings is nothing to speak of. This happens because he sells non-marginal items, grants discounts, and eventually drains off the whole margin.
And there’s another one who completes 10 transactions but brings 5 times as much gross profit.
To be fair, a gross profit report normally takes a very long time to prepare. And it isn’t always demonstrated to the managers. But even if it were demonstrated, what would they make of it? It only contains the total sales in the area versus the analytical dashboard for management.
Read how to track the main economic factors with BUSINESS INTELLIGENCE FOR INSURANCE
WHAT WILL THE ANALYTICS GIVE THE COMPANY
Our dashboard allows the managers to keep track of the gross profit they have brought in every day, and to see their place overall.
Now the company is changing the managers’ motivation from turnover to gross profit and planning to build up 2-3% of gross profit this way. And you do know, dear friends, this is really a helluva lot. If you are interested in an opportunity of setting up interactive reporting, please contact us.
- Read more about BI dashboard for management: POWER BI IMPLEMENTATION SYSTEM
- Here’s an article about why BI shouldn’t be confused with IT: A BI SYSTEM ≠ IT: WHY IS IT SO?
BUT THE MAIN POINT OF THE ANALYTICS IS
PROFIT GROWTH
Our dashboards give you a chance to control the revenue, cost price, margin, gross profiе and 47 other indicators on a daily basis. No need to wait for a monthly report.
Consistent control results in profit growth and business expansion.
