4 Benefits of BI Reporting in the Logistics Sector

If you run a supply chain business, having access to organised data can make your business powerful and efficient.  

INControl’s Business Intelligence (BI) Reporting gives you this opportunity. 

With INControl, organisations receive accurate and relevant insights into their operations, performance, and customer behaviour. They can analyse and transform data into actionable insights that can be used to improve decision-making, increase profits3 and drive business growth.

Let’s look at how BI reporting can help you make concrete decisions and manage your operations more efficiently:  

Improved inventory management and supplier sourcing 

Get an inventory overview of accurate stock storage, from the moment it enters the warehouse to when it leaves and is delivered to customers – all available on the BI reporting dashboard. A big part of inventory management is being able to see exactly how much stock you have in your warehouse, allowing you to determine if there’s any overstocking or shortage. Also, to determine if you have enough stock available to supply customers on time and coordinate deliveries. If there’s unnecessary stock, you’ll eliminate excess storage fees costing your business money. Another part of BI reporting is that you can identify which suppliers are performing, and which are not, to eliminate supply chain disruption and avoid the risk of losing customers, and to also remove unreliable suppliers from your books. Also easily compare the prices between suppliers, to improve your operational and bottom-line costs.

More accuracy and easy interpretation of data

Logistics companies will receive varying data insights from different sources daily. This could include delivery routes, fuel consumption, maintenance data, warehouse insights, and much more. BI reporting makes this data more understandable, accurate, and easy to interpret, allowing you to make proactive decisions in real time. It provides an easy drag-and-drop feature with a range of interactive data visualizations, to generate customisable reports. It tells a story, making it easy to analyse, which is particularly useful in a fast-paced industry.  Easily process, visualise, and analyse large volumes of data, to help extract insights, draw conclusions, and spot trends, weaknesses and strengths in the market. There are also fewer manual entries in your business, making less room for human errors, and only more accurate, consistent, and up-to-date data, is what you’ll get. 

Increased collaboration in the supply chain

BI reports can conveniently be sent to all team members, and stakeholders throughout your company so they all have the same insights, and can all participate in the preparation and analysis of supply chain reports. This saves you time on communication, ensures that your meetings are more focused, and brings more team cohesion – increasing productivity and better workflow in your business.  This is essential to ensuring that tasks get done and on time, so you can deliver efficient service to your customers and also keep up with the daily supply chain demand. 

Improved customer service 

Data helps you easily pinpoint any issues in real-time where you can take the necessary action to resolve problems, so you don’t face any dissatisfied customers and can avoid further obstacles. You can also see if your operational strategy is working or not for your customers, by analysing daily trends in their behaviour, and doing what’s necessary to connect with them better. Furthermore, the supply chain can be competitive, with raised customer expectations, and thus the data helps you recognise potential weaknesses so you can work towards overcoming them. This will help you stay competitive while retaining customers at the same time. 

If you want to learn more about how BI reporting can help you – visit INControl today for more insights.