Dashboards and KPIs

12 May 2011
>> The seven stages of a sourcing strategy

Many organisations have significant levels of data, in ERP systems, databases or in spreadsheet format. This is not necessarily the same as having information to hand.

Throughout the whole strategic sourcing process, it is vital to build decisions based on facts, and to support this we need to convert data into information. As an example, contextualising your spend data into categories creates a different view of the original data and provides an alternative insight into the way your organisation spends. We can then take this insight (new information) and present it back to the organisation, creating better buy. Strong visualisation of data is key to gaining insights, observing trends and creating information, and the rationale of a dashboard is to provide information based on trends in historical data to accelerate effective decision-making.

Building a Dashboard

To read the rest of this article you need to sign in:
Don't have an account? Register here

JOIN CIPS

Not a CIPS member? Why not join CIPS to access a full range of benefits, including:

  • Access all areas of the CIPS Knowledge on-line library including tools and templates and Supply Management stories.
  • Enhance your network and get connected to a global community of 120,000 in 150 countries.
  • Stay in touch and up to date through member only events and branch meetings.
  • Annual subscription to Supply Management magazine.
  • 10 per cent discount on all training courses, workshops, seminars and conferences.
  • Up to 15 per cent discount on books from the CIPS book store, including course books and a range of further reading text books.

And much more. Click here to join >

LATEST
JOBS
Hounslow, Heathrow /Richmond upon Thames
Competitive salary depending on experience plus generous share award
Tails.com
London
GBP60000 - GBP70000 per annum + Excellent Package
Bramwith Consulting
SEARCH JOBS
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates
GO TO CIPS KNOWLEDGE