Purchasing Index (PI) Brochure Spread-2016
0 likes109 views
The document discusses how businesses generate large amounts of data from various sources like suppliers, customers, and employees everyday, yet most do not fully utilize this data. It describes how an organization called Purchasing Index collects and analyzes data from ERP systems, CRM, social media, and other sources to provide insights into areas like operations, finances, supply chain management, and more. These insights can help organizations benchmark performance, identify opportunities, and make strategic decisions.
Purchasing Index (PI) Brochure Spread-2016
- 1. The average business generates an enormous amount of data everyday. Yet, few exploit this information to its full potential. YEARS OF BENCHMARKING AND DATA ANALYTICS30
- 2. Suppliers Across your organisation there are multiple stakeholders in contact with your supply base, from Procurement, Project and Line Managers to Sales and Marketing teams. Each stakeholder has created a trail of data about your suppliers. All of this information, when collated, gives you unimagined insights into past supplier behaviour. This can then be leveraged as a predictor for future supplier behaviour. Customers Data is powerful. You collect it from Sales and Marketing, Customer Service and Call Centre functions. How your customers engage on your website and what they say about you on social media is really valuable. This information, when collated and analysed, allows you to visualise ways your customers are engaging with your organisation and brand, giving you the opportunity to predict future customer trends to capitalise on, faster than any of your competitors. Employees Everyday, your employees generate enormous amounts of data about your organisation, their own performance and level of engagement. By analysing this existing data you will gain a clearer insight for what is happening within your workforce ... and why. The revelations you will discover can literally transform your bottom line. By merging every piece of information stored on every database and identifying every user/client/lead/behaviour or functional action being engaged, you create a multitude of insights to inform and predict behaviours. Automatically visualise concurrent datasets to ... Gain a panoramic view of your competitive landscape Measure your organisation’s performance against that of your competitors Gain strategic perspective through interactive dashboards that helicopter up and drill down Track your targets and measure strategic initiatives Increase your return on investment Gain critical insights to inform plans that make a real difference. “PROVIDING ORGANISATIONS WITH MARKET-INTELLIGENCE AND INSIGHTS TO HELP YOU GAIN MORE GROUND.” These disparate bytes of data, if combined, can reveal a very powerful and compelling story ... PURCHASING INDEX | TEL: 03 8547 3940 | Email: pi@purchasingindex.com.au | Web: www.purchasingindex.com.au
- 3. Collect data from a variety of sources PI adopts a wide variety of techniques to aggregate, manipulate and cleanse data. Data sources include: • Enterprise Resource Planning (ERP Data) • Customer Relationship Management (CRM Data) • Marketing Automation Platform (MAP) and Social Media Data • Manufacture Resource Planning (MRP Data) • Product Information Management (PIM Data) ... and more Analyse and Visualise PI’s technologies automatically upload and stream data to critically analyse and present it in an easy to understand format. Items are benchmarked at an individual level, and then compared against market metrics such as the worst, average and best performers amongst a comparator group. You are provided with your overall position, expressed as ‘better or worse’ than the typical market participant plus you receive valuable market intelligence for each item that is benchmarked. Strategise By using PI’s applied mathematics, economics, computer science, statistical analytics techniques and advanced pattern recognition technology (Machine Learning), you will identify trends and gain the insights you need. In benchmarking your data against others you can pinpoint and pursue your organisation’s most promising opportunities. • Evaluate your ‘performance and gains’ - relative to others • Identify the most important ‘change projects’ - based on facts • Determine and prioritise business opportunities Operationalise With PI dashboards you will see daily business processing data-feeds, which you can compare against key performance indicators. On offer are a variety of dashboards tailored to suit C-Suite needs with drill-down options for Operational detail. • Quickly identify and correct negative trends and KPI lags • Measure efficiencies and resolve inefficiencies • Ensure organisational delivery aligns to strategic intent These dashboards become a storyboard for your organisation providing a visual snapshot of performance across all levels. ... this is when data is ‘meaningful’ and used to its full potential. Any data? Yes ... any data. Here’s how it works!
- 4. The 7 most important reasons why ... even the most ‘analytical’ organisations turn to PI for support and why you should too! 1. Your business has access to over 30 years of benchmarking experience. 2. Objectively validate your current functional performance. 3. Analyse and visualise multiple sets of data extracted from different sources to make informed strategic decisions and plans. 4. Benefit from the enormous processing power demanded to analyse terabyte’s of data. 5. Access market leading visualisation and rapid report output to enhance presentations, strengthen tender responses and explore investment and budgetry opportunities. 6. Your analysts are already overworked and they need reliable and skilled analytical support. 7. Clearly see what is generally hidden or masked and what will ultimately prove to be very powerful information. Who uses this service? Across organisations, PI dashboards are used by: • CEOs Board Directors • CFOs and Financial Management • COO’s and Operational Management • CPO’s and Supply Management • HR Directors, Capability and Workforce Management • Sales Marketing Performance Management Dashboard packages can be customised for specific projects and special requests. Data-driven functions • Procurement • Supplier Management • Finance • HR/Workforce Measurement • Marketing and ... Data-reliant sectors • Education • Financial Services • Healthcare • Public Sector • Retail • Supply Chain and Logistics • Travel Data analytics are especially valuable to ... The Victorian Department of Treasury and Finance, Strategic Sourcing Team have been using the PI solution since 2010. The solution is tailored to individual category reporting requirements and stakeholders, and is used for analysis of large sets of financial system data through to vendor reporting for State Purchasing Contracts. These tools are predominantly used by our category management team to support decision making processes and drive efficiency savings. Steve Grantham, Strategic Sourcing VIC Department of Treasury and Finance Address L5, 356 Collins Street Melbourne, Victoria 3000 Australia Telephone +61 03 8547 3940 Email pi@purchasingindex.com.au www.purchasingindex.com.au YEARS OF BENCHMARKING AND DATA ANALYTICS30