8 Advantages of Having a Dashboard for a Manufacturing Company

Managing a manufacturing company requires a comprehensive understanding of critical aspects within the organization. A global view is essential for effective decision-making and operational efficiency.

Data is the lifeblood of a 4.0 manufacturing company. Optimally understanding and utilizing this data is crucial for developing effective manufacturing dashboards, which help manage and process information flow.

Dashboards serve as a central tool for visualizing key company information, enabling easy analysis and interpretation. For executives, a specialized dashboard is essential for informed decision-making and streamlined operations.

What is a dashboard?

Dashboards are the technological weapons of modern companies. It is an information management tool that allows you to visualize your business data by presenting it in an accessible manner and is easy to interpret through simple tables and graphs.

With this tool, you will be able to track and evaluate the relevant KPIs that will allow you to manage your business in an optimal way. The dashboards are designed to automatically track the complex data flows that your company generates in large quantities, in order to extract actionable information that will help you gain an overview of current performance.

The dashboard of a manufacturing company

For a manufacturing company, dashboards will be used mainly to track key manufacturing KPIs in order to evaluate the performance of the various operational processes in place. A dashboard will need to present different indicators to monitor and optimize production quality. Similarly, you can use a dashboard to have a view on the supply chain in order to identify the parts that are working well and those that need to be improved.

#1: Global visibility on your company

The first utility of a dashboard is that it allows you to visualize briefly the key KPIs of your company, allowing you to have a global view on the important aspects of your business.

#2: Ease of interpretation thanks to intuitive data presentation

With a well-designed dashboard, you have clear information about your performance and other critical business data from a multitude of complex data that would otherwise be difficult to process.

# 3: Real-time results and availability at all times

Modern dashboards are designed to be available on different terminals (mobiles, tablets, etc.) at any time with the most up-to-date data. No more reports that take time to compile with results that no longer reflect the ever-changing reality.

#4: Ability to identify trends by following historical data

The dashboards draw their results from the different data sources you have available. With your historical data, you can easily identify trends with the right visualization tools.

#5 : Ease of customization: focus on the information that is yours important

The dashboards can be customized according to the users and their needs. It’s up to you to choose the information that is most useful and important to you and integrate it into the results.

#6: Enhanced communication and collaboration

With the use of a dashboard, it becomes easier to share important information between employees so that everyone has the same access to information. An essential point to rally everyone to the achievement of common objectives.

#7: Increasing efficiency through continuous monitoring

The aim of measuring important aspects of your company is especially in the context of continuous improvement of your internal processes. With the right KPIs, you can easily identify the different points that require your attention.

#8: Better decision making

With Business Intelligence, you have the tools to take your business to the next level. Indeed, with BI you have the tools to analyze your business data efficiently and present the information you have taken from your dashboard to make strategic decisions in an intelligent way.

Proper monitoring of your company’s performance at all levels is essential to improve your results. Selecting the right KPIs to evaluate and making informed decisions based on dashboard insights ensures your company stays competitive. A dashboard is a tool, but the actions you take based on its insights will make the difference for your company.

For more insights on the benefits of using dashboards in manufacturing, check out our article on the The Different Types of Dashboards.