January 17, 2020
With the help of BI, organizations can monitor and track KPIs in the form of reports and dashboards. Which can answer few questions like – “what had already happened?”, “what will happen next?”, “what is the best that can happen?”. In this blog, we will discover how BI Transforms Reporting for Dairy Businesses
With the change in business models and the way they operate today, the system of reporting also needs transformation. As a result, the BI tool originated from the need of companies seeking a seamless reporting and data analysis process. Now, the time has come for BI to become the go-to software for entrepreneurs looking for an efficient and dynamic way to use their data to generate insightful reports.
The tool, with its various features and methods, effectively simplifies the data collection and analysis process. Moreover, the advanced BI approach is reliable, faster, and more tailored to the unique requirements of businesses across the world.
To seamlessly generate reports on the sales performance of different milk products and monitor the inventory flow in real-time, a dairy company needs a dynamic BI tool.
Dairy cooperative is one of the sectors in which millions of farmers are involved in this business. Since, it is the main source of income for the farmers and helps poor families to fulfill their basic needs and daily expenses.
A dairy company that sells several milk products, such as yogurt, clarified butter, condensed milk, butter, cheese, buttermilk and others must keep a record of their individual sales performance, the regions they are distributed to, the franchisee shops, other sellers and a host of other related data. Clearly, this can be quite a mind-boggling task for the workforce to handle. However, trained personnel or technical experts would be able to keep track of all the data and produce the desired reports.
The main goal of any organization is to maximize profits for its owners. Similarly, co-operative milk unions are no exception. However, dairy businesses have relied on slow technology to provide value-based services to their distributors and milk suppliers.
Below are the types of solutions & reports that a BI can offer to a dairy company:
- Tracking of yearly, quarterly, monthly, weekly & daily sales performance
- Route wise sales performance
- Analysis of achievers & laggards
- Automated delivery of scheduled reports
- Dashboards providing visibility of reports
- Tracking salesperson performance
- Tracking performance in terms of route
BI technologies provide historical, current and predictive views of business operations and can be applied to the various business purposes. Like measurement, Analytics, reporting, collaboration and knowledge management in order to drive business values.
BI can use structured data collected through ERP for analytical techniques for providing mechanism to transform into knowledge. Also, display knowledge which will help for effective decision making for management.
How BI helps in Faster Report generation
Easy Data Import & Export
BI helps in the data collection from Tally and other applications in an automated and error-free way. As a result, the absence of human intervention ensures that not only will the output be fast, but it will also be flawless. Moreover, data sorting and filtering is done by BI without the need for any specially trained or technical person, thus making the entire process prompt.
In-built dashboards and reports
The presence of in-built dashboards, reports, KPIs, and other features help accelerate the speed of customized report making. However, BI also houses a number of options of graphical representation of data. In the form of tables, charts and graphs to generate any type of report.
Timely insights
Valuable insights developed by BI, based on the available data, help milk and dairy businesses take informed decisions faster, without a doubt. As business processes have become increasingly interactive, authoritative individuals now require quick data access. This enables them to take prompt actions. By producing time-comparative reports in a timely manner, ultimately helping them make decisions on the go.
These are the process how BI transforms reporting for Dairy Businesses. Get your demo today to experience how BI can streamline your reporting and decision-making process – EasyReports Demo