5 Essential Reports & Dashboards for Every Aviation Supply Company
Reporting and Dashboards can be a powerful tool to help you run your business more efficiently.
Creating effective reports can often be a challenge with all the data available. At times, the process of determining what data to keep at the top of your mind can be confusing. With that in mind, shown below are 5 Reports & Dashboards that are often overlooked when managing your business.
1) Customer Quotes by Stage/Status
Keeping a close eye on your customer quote pipeline should be critical to the health of your business. Knowing when your pipeline is slowing or will not be enough to support your corporate goals can be the difference between a missed quarter and a record one.
With this dashboard component and supporting report, you can quickly see where the bottlenecks are, or put a focus on following up on quotes that have been sitting too long.
2) Receiving Rejection %
This dashboard component is one of the more important numbers to review on a constant basis to determine the health of your vendor performance. Drilling down on the dashboard component gives you the details for each rejection so you can determine which vendor is causing you the problems.
You can't sell what you can't receive, so monitoring this metric can be very important.
3) Account Balances
Cash is king, and knowing at all times the accurate balances by account is a key piece of business knowledge. You make business decisions every day based on current cash flow, so knowing where you stand without having to contact finance constantly can be a real time saver. Adding security around who can see this information can also be helpful.
4) Open Exchange Core Balance
Exchanges can be a complex process, and tracking any open cores is an important part of an exchange transaction. A customer who forgets to return your core can be the difference between a profit or loss on an Exchange.
A dashboard component that tells you in real time the open value of overdue cores can be extremely valuable.
5) Inventory Value Trend
What did my inventory value look like 6 months ago, or a year ago? Is my inventory value growing or shrinking in relation to my sales? Answering these questions can provide valuable insights into your business.
Drilling into the details can provide additional insight to any identified issues.
Putting it all together - Crafting the perfect corporate dashboard
AvSight Announces Partnership with Anacostia Ventures
The partnership will allow AvSight to grow the features of their aviation specific soft...
Fulfilling government solicitations is a great opportunity to expand your business, but l...