Imagine driving a car without a speedometer to tell you how fast you’re going, an odometer saying how far you’ve gone, or a fuel light to remind when to fill up. Would you be confident about getting to your destination? Driving a business without a dashboard is along the same lines. If you can’t see at a glance whether inventory levels are on track, purchase orders are in check, and performance results are in line with your expectations, then you certainly aren’t going anywhere fast.

Here are 3 ways a dashboard can help you know where you’re going and make sure you get there.

A dashboard helps you make better, faster decisions. Business 101: You need to get things done. A dashboard alerts you as soon as action is necessary – you will know if inventory falls below a certain level, invoices need to be sent out, payments need to be collected, or work orders and purchase orders need to be generated. Your team will have all the information they need to make fast and confident decisions and keep your business on track.

A dashboard keeps you up to date. Your team needs to be kept in the loop. A dashboard will notify you of important events and changes as they occur – was a quote for a customer created? Do you need to see the details of a work order that was generated? A dashboard keeps track of all the happenings of your company, so you and your employees are always on the same page.

A dashboard displays all your metrics in one place. Numbers matter! They need to be accessible and actionable, so you can keep track of how your business is doing and what needs to change. A dashboard allows you to access your current month’s bookings and billings, and check the total value of your inventory, your outstanding purchase orders and your scheduled sales. Metrics are displayed in a way that makes immediate sense, so you can and your team can act quickly and decisively.

So make sure you are driving your business with a dashboard! They are a simple but powerful tool to keep your company on track – so you have time to focus on the bigger-picture issues.

Does your company use a dashboard? Which features are most helpful and which would you like to see added?

Originally published on the Officebooks.com blog
Image credit: flickr.com/alekcander