We are proud to announce the brilliant release of the updated Leafio Inventory Optimization dashboard, which has become even more informative and functional for effective inventory management in retail.
The Dashboard is the first thing the users see when they log in; it gives a quick assessment of the inventory status and the manager's tasks. Having retained the interface of the main menu already familiar to users, at the same time, we managed to further expand the functionality of the main page.
The significant effect of the dashboard is that a few seconds are enough for a manager to understand which tasks are urgent and top priority and whether everything is alright with the indicators. And if there are deviations, the system hints at what you need to pay attention to and where to look.
The dashboard is divided into two main blocks:
- Operational - it is necessary for a manager's effective daily work.
- Strategic - it helps to see analytics on key indicators with a frequency of a week.
The operational dashboard is the main working page of the manager by default. It allows quickly switching to any application page with filters the user has previously configured.
When coming to work, first of all, the manager needs to pay attention to the hints that the system suggests:
- If the exchange was successful;
- If all the orders are formed and sent to suppliers;
- If there are new products that require additional attention;
- What errors that affect the correctness of orders need to be fixed.
Thanks to the system’s prompts, this block can be quickly worked through so that the manager can proceed to the analysis of key indicators.
Daily the dashboard provides insight into how surplus and lost sales have changed. If there is a negative trend, it's necessary to pay attention to an additional report which helps to understand the reason for such a trend.
Operational dashboard. Daily tasks. Dynamics of indicators. Custom filters
This block consists of three tabs:
- Key indicators;
- System performance and orders;
On the tab with key indicators, there are presented:
- Average stocks and their structure. It is vital to pay attention to the structure of stocks: whether a significant amount of money is frozen in surplus or in the display of goods.
- Sales. When sales fall, it is necessary to understand which sales are falling: regular or promotional. This will help you quickly understand where to look for the cause.
- Availability. It is essential to analyze if the trend of falling sales is proceeding since the availability of goods on the shelf directly affects the level of sales.
- Inventory turnover. This performance indicator primarily depends on the dynamics of the level of sales and average stocks.
The colors on the charts allow the manager to quickly understand whether the indicators correspond to the specified KPI level.
Strategic dashboard. Key indicators
The System efficiency and orders tab consists of two parts:
- “System efficiency” presents indicators showing what percentage of the range is under control of the system and the percentage of auto-replenishment for connected products. This data gives the TOP management a clear understanding of the level of use of the system, how much it helps the business, and what part of the routine tasks it covers.
- The “Orders” part reflects the volume of orders generated automatically by the system. It also shows whether there are manual orders and adjustments from managers. A high level of manual intervention into the system requires additional management attention and analysis, as it can be a signal of a problem and may lead to poor inventory management performance.
Strategic dashboard. System efficiency and orders
And finally, we bring to your attention the “icing on the cake” - the Insights tab.
It is an advantageous and specific option that is totally unique in the inventory optimization software market. Using methodologically sound approaches, we give the manager the opportunity to see in just one click what is wrong in the company's inventory management.
In this section, the manager sees not just information but a problem already analyzed, which can have a severe impact on business results.
For example, the system will highlight not only the percentage of “dead stocks” but also calculate how much money is frozen at the moment precisely, making it possible to redistribute the budget correctly and, having gotten rid of slow movers, allocate funds for further business development.
“We are so excited to announce that there are still many new insights awaiting our users as we never stop on the way to improving our software as well as our client’s inventory management system”
Helen Schepanyk, Product Director of LEAFIO AI Retail Solutions
Strategic dashboard. Insights