{"id":8197,"date":"2019-10-11T16:40:55","date_gmt":"2019-10-11T08:40:55","guid":{"rendered":"http:\/\/www.finereport.com\/en\/?p=8197"},"modified":"2019-10-25T11:18:48","modified_gmt":"2019-10-25T03:18:48","slug":"why-executive-need-kpi-dashboard-to-manage-data","status":"publish","type":"post","link":"https:\/\/frg.fineres.com\/en\/2019\/10\/11\/why-executive-need-kpi-dashboard-to-manage-data\/","title":{"rendered":"Why Executive Need KPI dashboard to Manage Data"},"content":{"rendered":"

Why We Need a KPI Dashboard?<\/strong><\/h1>\n

Have you ever driven a car without looking at its dashboard?<\/p>\n

Without checking its fuel level, temperature, speedometer or any of its indicators. For some, they even check their tyres, side mirrors, and hazard lights.<\/p>\n

Simply drive a car without checking the dashboard means you are exposing yourself to a higher risk level.<\/p>\n

Just like driving a car, managing a business also require business owners to know his\/her critical numbers to make better business decisions. Without knowing the numbers, decisions are just made based on emotions or his\/her intuitions alone.<\/p>\n

Start today with simple indicators to know your business better. I’m sure you able to see the benefits of knowing the critical numbers in your business key result areas.<\/p>\n

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Types of KPI Dashboard<\/strong><\/h1>\n

There are many types of KPI dashboards. Almost all positions in a company have KPI requirements. However, the KPI rules of different positions are different and cannot be managed uniformly. This often causes management difficulties for management. At this time, the KPI \u00a0dashboard can easily solve the management dilemma and check the KPI completion status of different positions.<\/p>\n

Here are some simple examples:<\/p>\n

 <\/p>\n

#Marketing:<\/strong><\/p>\n

Number of leads from the specific lead source<\/p>\n

Number of channel partners<\/p>\n

Number of marketing activities<\/p>\n

 <\/p>\n

#Sales:<\/strong><\/p>\n

Rate of conversion<\/p>\n

Value of business transactions<\/p>\n

Value of sales booked<\/p>\n

\"\"<\/a><\/p>\n

KPI dashboard made by Tableau<\/a><\/p>\n

#Finance:<\/strong><\/p>\n

Number of invoices issued per month<\/p>\n

Average value of invoices issued per month<\/p>\n

Value of payments received per month<\/p>\n

Value of payments made per month<\/p>\n

 <\/p>\n

#HR:<\/strong><\/p>\n

Number of training days<\/p>\n

Number of annual leave taken<\/p>\n

Number of MC taken<\/p>\n

\"\"<\/a><\/p>\n

HR dashboard made by FineReport<\/a><\/p>\n

 <\/p>\n

#Operation:<\/strong><\/p>\n

Number of products delivered<\/p>\n

Value of products delivered<\/p>\n

Number of product returned\/rejected<\/p>\n

Number of complaints received<\/p>\n

 <\/p>\n

 <\/p>\n

Start with a simple KPI Dashboard before you expand into a more detailed and bigger scope of business. It’s a good idea, right?<\/p>\n

Tips for Making KPI Dashboard<\/strong><\/h1>\n

Making a dashboard becomes easier once you have clarity of vision and listed down what you want (and what you don\u2018t want).<\/p>\n

Here you can use FineReport to make a KPI dashboard. It is easy-to-use and you can make various charts by some simple drag & drop action.<\/p>\n