Are you looking to improve your company's management, but wondering where to start?
A management dashboard could be the best solution.
But what exactly is it? What is it used for? And how do you set it up effectively?
Qu'est-ce qu'un tableau de bord de gestion ?
A management dashboard is a visual tool that centralizes and summarizes the key performance indicators (KPIs) of a company or department. It makes it possible to monitor business trends in real time, and to gain an overview of results.
In concrete terms, it takes the form of graphs, curves, gauges or other visual representations that are easy to interpret at a glance.
The aim is to transform your raw data into actionable information to facilitate decision-making.
Les indicateurs de performance suivis dans un tableau de bord peuvent être financiers (chiffre d'affaires, marge, trésorerie...), commerciaux (nombre de ventes, taux de conversion...), opérationnels (productivité, délais...) ou encore liés aux ressources humaines (turnover, absentéisme...).
The performance indicators tracked in a dashboard can be financial (revenue, margin, cash flow, etc.), commercial (number of sales, conversion rate, etc.), operational (productivity, delivery times, etc.) or human resources-related (turnover, absenteeism, etc.).
Why use a management dashboard?
The benefits of a well-designed dashboard are numerous:
Real-time performance monitoring
Time-saving data analysis
Rapid detection of deviations and anomalies
Decision-making support
Align teams with objectives
Easier communication with stakeholders
By centralizing key indicators, the management dashboard becomes a real steering tool, providing a global and synthetic view of the business.
Get rid of long, unreadable Excel reports! With a good dashboard, you'll be able to identify your strengths and areas for improvement at a glance.
How do you build an effective dashboard?
To take full advantage of this tool, here are the key steps for designing a relevant management dashboard:
Define objectives and strategy:
Before selecting your KPIs, clarify your strategic priorities. The dashboard should reflect your business objectives.
Choosing the right indicators:
Too much information kills information... So select a limited number of indicators (5 to 10 max.) that are truly representative of your business. Prioritize quality over quantity.
Collect data:
Identify reliable data sources and automate data collection wherever possible to increase productivity.
Choose the right visualizations:
Opt for visual representations that speak for themselves: graphs, gauges, maps... The most important thing is that the information is understood at a glance.
Define update frequency:
Adapt the update frequency to your needs: real-time, daily, weekly, monthly...
Train users:
Accompany your teams as they get to grips with the tool, to encourage their adoption.
Develop the dashboard over time:
Don't hesitate to adjust indicators according to feedback and changes in your business.
Examples of KPIs to track in your dashboards
To inspire you, here are a few examples of indicators to integrate into your sales, financial, HR or production management dashboards. Of course, there are many more to use, depending on the purpose of each dashboard.
Sales dashboard:
Revenue
Number of new customers
Conversion rate
Average basket
Financial dashboard:
Cash flow
Gross margin
Average customer payment time
HR dashboard:
Turnover
Absenteeism rate
Employee satisfaction index
Production dashboard :
Yield rate
Non-conformity rate
Average production lead time
The most important thing is to adapt the indicators to your specific challenges.
Don't hesitate to enlist the help of Design Data's experts to design a dashboard that is truly relevant and usable, and 100% customized to your precise needs and objectives.
Conclusion
A well-designed management dashboard is an invaluable ally in effectively managing your business. By centralizing key indicators, it enables you to make informed decisions and align your teams with strategic objectives.
Managing your business has never been easier.
Join the ranks of companies that optimize decision-making
with Design Data!
Design Data Consulting, Consulting & Smart Management Dashboards to simplify decision-making.