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November-December, 2007 | Archives | Business Intelligence: What makes a good performance indicator?Business intelligence refers to software applications and technologies that are used to gather, provide access to and analyze data about a company’s business operations. Business intelligence systems can help companies make better, more informed decisions by offering a more comprehensive knowledge of the factors affecting their business, such as metrics on sales, production and internal operations.
Key performance indicators (KPIs) are often used to assess the present state of business and to prescribe a course of action. KPIs can offer valuable information for decisionmaking purposes, so it’s important to be sure the right things are being measured. Sage ERP X3’s business intelligence tools allow companies to define their own unique performance metrics, as well as the triggering events, rules and conditions for capturing and updating statistical information. Users and managers can control business intelligence as their needs dictate.
| READ MORE | Sage ERP X3 Dashboards: Monitoring KPIs for the Food and Beverage IndustrySage ERP X3 Process offers dashboards that help users monitor the status of key performance indicators (KPIs) at a glance and send alerts when performance deviates from predefined targets. The dashboards build on Sage ERP X3’s intrinsic business intelligence capabilities by providing user-defined, actionable, up-to-the-minute graphical representations of key statistical information. Dashboards can help boost profits by providing instantaneous access to key company data, allowing management to quickly react to changing business conditions.
Food and beverage manufacturers can track their industry-specific KPIs with Sage ERP X3. Some key indicators include those related to production control, vendor management systems, product usage and customer satisfaction.
Well-defined dashboards will help companies make timelier, more informed decisions. With a comprehensive view of customer, inventory and revenue data, management can instantaneously spot trends in sales, service and profitability levels so they can maintain a competitive advantage in their markets.
| DOWNLOAD PRODUCT DATASHEET | Customer Spotlight: "Focused Functionality" in the food industry for Ganong Bros.A leading Canadian-based manufacturer of gift box chocolates, fruit snacks and sugar confectionery serving mass merchandisers, drug chains and grocery stores, Ganong wanted an information management system to enable better, more timely business decisions, particularly in measuring customer satisfaction and product profitability.
After implementing Sage ERP X3 Process, financial reporting is much improved, now that management can easily access financial and statistical profitability information. Ganong has also greatly improved the accuracy and timeliness of production recording through the use of the integrated Sage ERP X3 Data Collection module, thereby improving the production planning process.
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(c) 2008 - Sage ERP X3 ERP Software for Mid-Sized Businesses |
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