Are you looking for a way to optimize your production, manufacturing, or supply chain processes? We know how important it is to maximize the efficiency of these departments to keep up with demand and maximize the overall level of business operations. One great way that we have found to do this is by using dashboards.
Dashboards are excellent tools for monitoring and analyzing data from various sources that can improve your business performance. On this page, we’ll walk you through exactly how to create a dashboard that will help optimize your production, manufacturing, and supply chain processes!
A dashboard is a tool that helps you to visually display critical information and data in an easy-to-read format that includes charts and graphs. It’s typically used in the context of business performance and process optimization. Companies that use a dashboard typically notice a 6% increase of revenue within three months. Executives save 20 more days a year, and there is a 90% adoption rate. Below, we will cover all that you need to know about dashboards.
The production, manufacturing, and supply chain departments are all essential to the success of a business. A dashboard will help you make sense of the data from these departments to maximize efficiency and success. You’ll be able to monitor critical information like response times, inventory levels, staff productivity, and much more. It can be used to analyze deep and complex data streams to help you make sense of them quickly.
Now that we have discussed a little bit on what a dashboard can do for you let’s go ahead and look at some of the steps to create a dashboard for your production, manufacturing, or supply chain departments.
You need to identify which processes are most important. What is it that you want to optimize? Identify the Key Performance Indicators (KPIs) for the production, manufacturing, or supply chain departments. For example, if your KPIs are for things like time-to-market and inventory levels, then a good dashboard would include data around those topics.
There are many different platforms available on the market for building a dashboard. Some typical free budget dashboarding tools include Microsoft Excel and Google Sheets. However, those who want to plug in large amounts of data and quickly start coming up with relevant charts for their niche should instead look towards premium platforms.
Since you will ultimately be using this data to help your departments, choose something that integrates well with your workflow. For example, suppose you are using Microsoft Excel to track data, and the employees in production or manufacturing are used to working with a non-technical database. In that case, they will have a hard time transitioning into something like this. The best thing you can do is find an accessible platform for both non-tech and tech-savvy users.
The bulkiest part of transitioning to a dashboard will be to compile all of your data. Think about all the places that you sift through for information. Write down a list of all locations with data stored, that could instead be based in one place. For best results, keep the discussions you had about your KPIs and only choose to include relevant data for your KPIs and other department needs. If you have data not needed on the dashboard, either discard it or save it somewhere for later.
Once you chose your platform, it’s time to start thinking about visuals. Your dashboard will be most helpful if you can organize and display information in a way that is easy to digest for those who are reading it. There are many ways to show this information, but typically, more than one type of chart or graph out there allows you to get your point across.
Most platforms will have customization options like Toucan Toco. Often, the best thing to do is play around with your data until you find something that works well for you, and then go from there. Think about what type of charts and graphics will help you track your KPIs. If you are tracking daily sales, you might choose to use a line graph as an example.
The next step is making your data useful. Once you have thought about what type of charts and graphs you want to use, upload your data, and then make those visuals come to life! Most platforms will have a step-by-step process that is very straightforward.
Once everything is uploaded into the dashboard platform you chose, think about how useful it would be for an employee in production or manufacturing. Make sure all the charts and graphs are easy to understand. For example, if you have a line graph showing inventory levels over time, make sure there is an appropriate title that doesn’t require someone to read into it too much.
If possible, try designing your dashboard so that employees can easily input information or retrieve data as well. This can be a great way also to save time and ensure that employees are following the right processes.
If you use data as a maintenance department, it is easy to pass the information on to production. If manufacturing needs help with production, a problem can be shared with the management before the situation eventually escalates and affects other departments.
The most important thing about data in a business setting is being able to share it between departments. It would help if you were also sure to return routinely and update the data to keep it relevant.
Using a dashboard can be very helpful for production, manufacturing, and supply chain departments. It can help you track KPIs like never before and keep the essential parts of your business organized and efficient! If you have been thinking of setting up your own dashboard, we hope that the above steps are helpful for you.
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