Purpose of Inventory Analysis Dashboards Distributors use Inventory Analysis Dashboards to give managers an easy and powerful way to monitor the inventory KPIs that matters most to them. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, an organization can improve and speed up its product purchasing- and inventory planning strategies, and it can reduce the chances that money is lost due to poor tracking of key trends and exceptions. Inventory Dashboard s Example Here is an example of a Inventory Analysis Dashboard with trends and value metrics.
Who Uses This Type of Dashboard? The typical users of this type of dashboard are: Finance officers, analysts, inventory managers, purchasing managers. Other Reports Often Used in Conjunction with Inventory Analysis Dashboards Progressive Financial Planning & Analysis (FP&A) departments sometimes use several different Inventory dashboards, along with sales forecasts, detailed inventory reports, sales dashboards, purchasing reports and other management and control tools.
Where Does the Data for Analysis Originate From? The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others. In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.
What Tools are Typically used for Reporting, Planning and Dashboards? Examples of business software used with the data and ERPs mentioned above are:
- Native ERP report writers and query tools
- Spreadsheets (for example Microsoft Excel)
- Corporate Performance Management (CPM) tools (for example Solver)
- Dashboards (for example Microsoft Power BI and Tableau)
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TAGS: Reporting, Planning, Forecasting, Analysis, Budgeting, CPM, KPIs, ERP, Dashboards, Financial Reporting, Template Library