Business analytics
Power BI
The Power BI analytics tool makes it easy and convenient to generate the reports you need from anywhere, as long as you have an Internet connection. But that’s not all. Here's what you need to know to make analytics a tool for your business:
- Data. Correctly entered data is essential.
- KPI. You need goals to have something to track and analyse.
- Analytics. For this tool to become your partner, you need to understand what your data can “tell you” and “what can you ask it.”
Unbelievable? But not really. The success of analytics is determined by its possession and by knowing what indicators (without generics, such as sales, turnover, profit) need to be analysed and monitored.
“It is logical and popular to follow the top merchandise as these are the products that generate the most sales. And what about the bottom goods and their sales? How much is sold below the cost, are those goods illiquid? Managers also need to see such deals to understand how many items they have sold for free. Of course, as GMC group senior business analyst Rasa Sedleckienė notes there are cases when this is justified, but there are also cases when it’s not:
“It is equally important to pay attention to the extremes - significant deviations from standard sales. But don't be fooled, before analysing any data and presenting its results as necessary, do not forget to evaluate the business segment itself: what is relevant and followable for one, can be an insignificant indicator for another”.
GMC analysts help you make friends with the system and enable it. Still, for the analytics-enabled process to run smoothly, it is essential to put the data together in an orderly manner. It is where many companies often get stuck.
- Therefore, we created a robot that analyses customer system data and shows where you entered the data incorrectly.
- It avoids the classic situation of offering a solution to a customer but failing to implement it because the data in the customer's data systems is misplaced.
- We help the client to analyse his business processes, ask atypical questions and solve problem areas.
- Clients offer continuous assistance to the analyst - to get ideas the most out of your business.
GMC Finance KPI
This solution allows you to monitor and analyse the company’s financial performance, make insights and make appropriate decisions. If you follow and control financial indicators, you will quickly notice the emerging problems and prevent or solve them.
- You can see a balance sheet, profit and loss statement, detailing income, expenses, contribution, comparison over time.
- You can see vital financial indicators: profitability, liquidity, turnover, etc.
- You can see a comparison with a budget and last year.
- You can see trends.
- You can see cash flows for planning cash balance, cash demand by banks and currencies, creating a daily cash flow calendar, identifying debt obsolescence, calculating debt impairment, detailing debts by their categories, managers.
GMC sales KPI
This module allows you to control budget execution, monitor margin dynamics, revenue (in selected periods), order status (orders returned on time, late orders), TOP, BOTTOM summaries (customers, goods), their share in the total volume.
You can see sales by countries, managers, categories. Data from several periods are analysed. It is easy to choose data display and comparison: day, month, quarter, year level, as needed. Trends are presented.
GMC Procurement KPI
The solution allows you to monitor suppliers’ behaviour, their reliability, and plan your actions accordingly. It gives you the ability to track the order's fulfilment time, purchase cycle, purchase value, late purchase orders, delivery time (status estimation in time), TOP goods and suppliers, and purchases by managers. All of this allows you to adjust management actions with suppliers: when ordering raw materials, making payments or realising production.
A clear view of the situation and each stage of the procurement process allows management to control the cash flows spent and avoid unnecessary freezing of money or over-purchase of raw materials.
GMC stock KPI
This module allows you to control the inventory level and ensures no over-buying and freezing of funds. It includes the distribution of goods in warehouses, the monitoring of stock obsolescence, and stock turnover control.
GMC production KPI
The solution is designed to control the volume, course and quality of production. It allows analysing such KPI as production duration, delays, timely production, production quality, resource efficiency, analysis of the reasons for delays.
It also allows analysing indicators in different periods, and by observing the curve of their changes - it’s much easier to derive trends.
GMC personnel KPI
The module allows managers and personnel managers to monitor and analyse personnel indicators.
It aggregates different information: distribution of fixed-term, open-ended contracts, seniority, FTE, motivation system (basic salary, variable part, average salary), employee turnover, employee costs, working hours (sickness, overtime, leave), training cost analysis, productivity monitoring. It turns into a tool that generates valuable conclusions and allows you to see the situation from different perspectives.
