Your information is an asset. This information help you to get the insides of the operation. It guides the management how they are doing? What need to be focused on? In this article I will give you a brief idea about Dashboard (Business intelligence) associated with Procurement department. This department has a very vital role on companies’ Supply chain management System as well as Profitability. In most case biggest amount expended within this department. If you can save 5% of total expenditure, does a big matter on profitability. Procurement Dashboard can help you to visualize all actions, associated with procurement department. In this article I will tell you top Top 8 KPIs :Procurement department BI dashboard.
1. Price Analysis:
Before state procurement process, company ask quotation from vendor. Generally this pricing is not static. It differ time to time and vendor to vendor. Procurement BI dashboard can help to visualize the pattern of pricing. It helps management can taking decision from when and where they can source their supplies.