Data is the most crucial thing in the present times. Those who are going to make the best use of data are going to thrive in their endeavors.
Stick to us, if you also want to know how to thrive your business with the help of data.
Data plays an important role in decision-making. Companies must visualize data to analyze & design reports from multiple sources to inform efficient operations. Power BI consulting services help in data visualization to keep business on the right track.
Whether you’re a seasoned industry veteran or just dipping your toes into the world of data-driven decision-making, this curated list of Power BI dashboards will inspire you with innovative ways to harness the power of data in manufacturing. Let’s dive in and discover how these visualizations are reshaping the landscape of modern manufacturing.
What is a BI Dashboard?
A BI (Business Intelligence) dashboard is an analysis and data visualization tool that displays key performance indicators (KPIs) and other critical business metrics required for decision-making. This application combines graphs, tables, and charts to provide insights into many departments, such as finance, marketing, and operations.
BI dashboards don’t have a rigid predetermined structure, allowing you to display metrics relevant to your sector or role. These data visualization tools include numerous capabilities that are simply complex and raw data-heavy, providing you with an instant overview of your organization’s past, current, and future performance. Overall, BI dashboards help firms evaluate performance, identify areas for development, and drive growth.
How is Power BI Used
Power BI consulting services may offer you insightful data-driven information regardless of your level of experience with data in the business sector.
Here are a few applications of the Power BI tool:
- Transforming data into a variety of graphics, such as pie charts, gauge charts, ribbon charts, and KPIs.
- Connecting several data sources, such as databases and Excel spreadsheets.
- Developing dashboards and reports that enable decision-makers to examine intricate data and obtain insights instantly.
- Granting data, insights, and data visualization tools to all staff members in order to promote a data-driven workplace culture.
How Can Power BI Reports and Dashboards be Shared Using Microsoft Teams?
You need to follow the below-mentioned steps while sharing power BI dashboards and reports:
- Go to your report or dashboard. Use your login information to log in to Power BI.
- Tap “Share”. In the dialog box to open, there will be multiple options for sharing. Look for the Microsoft Teams item.
- Choose the channel or team to whom you want to share your dashboard or report in the Microsoft Teams, sharing dialog box. By including a message, you can also bring more context to your communication.
- Click on the “Share” button to conclude the process.
What Makes a Great Power BI Dashboard?
The dashboard of Power BI should be easy to comprehend and useful. There are numerous ways you can utilize to measure a Power BI dashboard. The following are the essential qualities of an excellent Power BI dashboard:
- Use a grid layout When you use a grid style, it will not only boost productivity while making the dashboards but also allow people to use a logical path. By making use of a grid structure, you allow your audience to explore the dashboards.
- Aesthetics are important Most importantly, a dashboard must be User-friendly. However, a dashboard’s appeal or lack thereof can drive the popularity of this component. As a rule of thumb, the color and font on the dashboard shouldn’t be more than one each. Note that you can use colors creatively to guide viewers through your dashboard.
- Fast load time The load time of the dashboard is a very important factor that influences the acceptance of almost any modern electronic application. Even though a dashboard matches all the requirements, no one will use it when it has a long wait time. Good use of data integrity through the use of database views, nullifying clutter, and achieving a healthy mix of over-sophistication and simplicity are all excellent ways to reduce load speeds.
Top Dashboard Examples for the Manufacturing Industry
1. Manufacturing Analytics Dashboard
The manufacturing analytics dashboard is designed to facilitate monitoring and evaluation of various aspects of the production process, spotting areas for improvement, and use of data-guided decisions.
It can display production numbers, resource use, machine failure, and quality check parameters. This dashboard helps to inform relevant staff about possible equipment failure. Furthermore, proactive maintenance, which is the reduction of unscheduled downtime and increase of OEE (Overall Equipment Effectiveness) is also promoted.
Source: https://www.microsoft.com/en-in/powerplatform/products/power-bi/industry/manufacturing
2. Inventory Analysis Dashboard
Proper inventory management is of crucial importance for ensuring optimum maintenance of supplies and products and ultimately peak performance. A dashboard of inventory allows you to see more of your stock performances, making it easier for you to manage stock efficiently. You can see the top 5 products that were viewed the most, the least and the unviewed ones on this board. Additionally, this dashboard is also capable of forecasting stock availability and defining replenishment plans according to the variations in markdown as well as fulfillment cycles.
Source: https://globaldata365.com/inventory-dashboard/
3. Money Management Dashboard
Using this dashboard, which shows you your overall income and spending, you can manage your money efficiently. To track relevant financial indicators such as growth rates, profitability, costs, cash flow, and revenue you can use its ability to aggregate data from several sources such as market data, sales records, and accounting systems. Assisting you in improving your forecasting, budgeting, and planning processes is what a Money Management Dashboard does. This technology can help businesses minimize risks, both open and hidden ones, promote growth as well as facilitate cash flow management.
Source: https://intellifysolutions.com/data-visualization-gallery/manufacturing-analytics-dashboard/
4. Logistics Warehouse Dashboard
This comprehensive solution enables visibility and administration of all areas of warehouse operations. It usually includes interactive graphs, tables, and charts that show important data such as worker utilization, inbound and outbound shipments, and inventory levels. These details can help you discover areas for improvement and manage resources more efficiently. The logistics warehouse dashboard also includes advanced capabilities such as machine learning algorithms, which can aid in proactive planning and forecasting to reduce the risk of excess inventory or stockouts. This dashboard can also be integrated with ERP and warehouse management systems.
Source: https://www.datapine.com/dashboard-examples-and-templates/logistics
5. Marketing Campaign Performance Dashboard
This dashboard provides you with a detailed overview of the impact and effectiveness of the marketing campaigns of the company. It contains information that may be used to study market trends and pinpoint high-performing campaigns, such as cost per acquisition (CPA), return on investment (ROI), impressions, and conversions. This dashboard can offer insightful data on campaign reach and conversion rates on many channels, including social media and email marketing.
Source: https://www.slideteam.net/marketing-campaign-performance-kpi-dashboard.html
6. HR Dashboard
In whichever industry you are in, human relations are very important. Employees are the ones who put effort into the company and help grow the organization. With the help of this technology, HR may access a central repository of staff management metrics and data.
To provide insightful data, the dashboard pulls data from several sources, such as payroll software, HR systems, and performance management tools. Personnel who need to know can quickly examine vital employee data thanks to the HR dashboard. To have a better understanding of the makeup of the workforce, they can monitor employee demographics such as age, gender, and tenure.
Source: https://www.geckoboard.com/dashboard-examples/hr/
7. Sales Scoreboard Dashboard
Sales – the driving force of every company, is the most crucial department of every organization. There is also a Power BI dashboard for sales, and it is named- ‘sales scoreboard dashboard’.
Businesses track sales for various reasons but due to a lot of raw data, it becomes difficult to track the key metrics. This Power BI dashboard has many features that help in improving sales performance tracking & analysis.
The sales scoreboard dashboard can combine data into a single, smooth interface by displaying data from several systems, financial tools, CRM systems, and marketing platforms. You can stay motivated and focused by setting business goals and tracking your progress in real-time.
8. Financial Analytics Dashboard
Finances are very important for any company, thus managing finances becomes very crucial. The financial analytics dashboard gives an overview of the total expenses and income, which allows you to look at your finances.
You may track important financial indicators including growth rates, profitability, costs, cash flow, and revenue by using the data it aggregates from multiple sources, including market data, sales records, and accounting systems. You may improve your forecasting, budgeting, and planning procedures using a Financial Analytics Dashboard. Businesses may reduce risks, enhance growth, and optimize financial processes with the help of this technology.
Source: https://www.geckoboard.com/dashboard-examples/finance/
9. Social Media Monitoring & Analytics Dashboard
In the current era, social media marketing is a very important marketing strategy for the business. This dashboard gives you deep insights into social media sentiments, reach, mentions, etc.
Businesses can use this dashboard to manage branding, develop user-friendly marketing techniques, increase revenues, and comprehend users. This dashboard also includes capabilities that can help you improve your company’s online visibility, such as sentiment research, influencer tracking, campaign performance evaluation, and content performance tracking.
Source: https://www.klipfolio.com/resources/dashboard-examples/social-media
10. Customer Segmentation Dashboard
Using the customer segmentation dashboard, you can divide your clientele into various groups based on particular actions.
The dashboard makes use of data analysis techniques to detect patterns and categorize customers into segments that have similar characteristics.
Several visualizations that show segmentation criteria like psychographic qualities, consumer preferences, purchase history, geographic location, or demographics are also included in the dashboard. By using this data, you can better understand the needs, preferences, and behaviors of each consumer category and adjust your product offerings and marketing tactics to better match their demands.
Source: https://www.reddit.com/r/PowerBI/comments/16xp47n/customer_segmentation_dashboard/
Final Thoughts
In conclusion, we would say that the manufacturing space is very competitive, and to stay ahead in this industry it needs much more than just keeping the pace. The above-given Power BI dashboard examples help you to make data-driven decisions that keep you ahead of your competitors. So, embrace the data, leverage the insights, and let Power BI consulting services guide you to industrial excellence.
