Advanced Business Analytics<\/p>\n
Business Reporting<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
Business Reporting, De\ufffdnitions and Concepts<\/p>\n
\u2022 Report = Information \u2192 Decision \u2022 A report can ful\ufffdll many functions<\/p>\n
\u2022 To ensure proper functioning \u2022 To provide information \u2022 To provide the results of an analysis \u2022 To persuade others to act \u2022 To create memory<\/p>\n
Business Reporting 2 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
What is a Business Report?<\/p>\n
\u2022 A written document that contains information regarding business matters. \u2022 Purpose: to improve managerial decisions \u2022 Source: data from inside and outside the organization (via the use of ETL) \u2022 Format: text + tables + graphs\/charts \u2022 Distribution: in-print, email, portal\/intranet<\/p>\n
Business Reporting 3 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
What is a Business Reporting \u2014 Organizational View<\/p>\n
Business Reporting 4 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
Key to Any Successful Report<\/p>\n
\u2022 Clarity \u2022 Brevity \u2022 Completeness \u2022 Correctness \u2022 User-aware (in terms of content and format)<\/p>\n
\u2022 Formal or Informal \u2014 single letter or a memo vs 10-100 pages; cover + summary + text \u2022 Report frequency \u2014 yearly, monthly, daily, hourly, or live information monitoring \u2022 Level of analysis \u2014 descriptive, predictive, or prescriptive<\/p>\n
Business Reporting 5 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
Types of Business Reports<\/p>\n
\u2022 Metric Management Reports \u2022 Help manage business performance through metrics (SLAs for externals; KPIs for internals)<\/p>\n
\u2022 Can be used as part of Six Sigma and\/or TQM \u2022 Balanced Scorecard-Type Reports<\/p>\n
\u2022 Include \ufffdnancial, customer, business process, and learning & growth indicators \u2022 Dashboard-Type Reports<\/p>\n
\u2022 Graphical presentation of several performance indicators in a single page using various information visualization techniques<\/p>\n
Business Reporting 6 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
The guiding process for Designing Business Reporting: Business Performance Management (BPM)<\/p>\n
\u2022 Business Performance Management (BPM) is a real-time system that alerts managers to potential opportunities, impending problems and threats, and then empowers them to react through models and collaboration.<\/p>\n
\u2022 Also called corporate performance management (CPM by Gartner Group), enterprise performance management (EPM by Oracle), strategic enterprise management (SEM by SAP)<\/p>\n
Business Reporting 7 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
A Closed-Loop Process to Optimize Business Performance<\/p>\n
Business Reporting 8 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
Strategize: Where Do We Want to Go?<\/p>\n
Strategic planning Common tasks for the strategic planning process: 1. Conduct a current situation analysis 2. Determine the planning horizon 3. Conduct an environment scan 4. Identify critical success factors 5. Complete a gap analysis 6. Create a strategic vision 7. Develop a business strategy 8. Identify strategic objectives and goals<\/p>\n
Business Reporting 9 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
Monitor\/Analyze: How Are We Doing?<\/p>\n
\u2022 A comprehensive framework for monitoring performance should address two key issues:<\/p>\n
\u2022 What to monitor? \u2022 Critical success factors<\/p>\n
Business Reporting 10 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
Act and Adjust: What Do We Need to Do Di\ufffderently?<\/p>\n
\u2022 Success (or mere survival) depends on new project ( help with nursing paper writing from experts with MSN & DNP degrees)s: creating new products, entering new markets, acquiring new customers (or businesses), or streamlining some process.<\/p>\n
\u2022 Many new project ( help with nursing paper writing from experts with MSN & DNP degrees)s and ventures fail! \u2022 What is the chance of failure?<\/p>\n
\u2022 60% of Hollywood movies fail \u2022 70% of large IT project ( help with nursing paper writing from experts with MSN & DNP degrees)s fail, . . .<\/p>\n
Business Reporting 11 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
The guiding process for Implementing Business Reporting: Business Reporting Systems<\/p>\n
When creating reports some aspect of the organization must be considered. \u2022 ERP, POS, SCM, CRM, Sensors, Web \u2022 Data supply (volume, variety, velocity, . . . ) \u2022 Data storage \u2022 Business logic \u2022 Publication medium \u2022 Assurance<\/p>\n
Business Reporting 12 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
Enterprise Resource Planning (ERP) Consider the simpli\ufffded scenario below:<\/p>\n
A typical product order logic<\/p>\n
Consider the design of a product or service. To design the said product\/service, we need some materials\/resources. Thus, we need to estimate how much each resource costs and how much is required. We must check for inventory values to order the required amount. A logical and appropriate supply chain of resources should be considered and scheduled. Purchase orders should be sent out for each resource needed. Each order comes with scheduleddelivery, shipmentinstruction, payment, and the arrival procedure. When we have abundant resources, we must identify them through bar codes, tags, IDs, etc. In the meantime, the marketing department generates demand for the product\/service, and the sales department receivesthesalesorders. Costumers\u2019 informationshouldbegatheredtodetermine the delivery of the product\/service. If the \ufffdnished good is not available in the inventory, a message should be sent to the production department to estimate the next availability date. …<\/p>\n
Business Reporting 13 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
Enterprise Resource Planning (ERP)<\/p>\n
A typical product order logic (Continued)<\/p>\n
The production team should contact other manufacturers to inquire about the availability of raw materials, tools, etc. The \ufffdnance and accounting department then need to be involved for payment and bookkeeping purposes. An estimated date must be found to ful\ufffdll the product\/service. During this process, Tax and HR- related activities must be performed concurrently.<\/p>\n
ERP software provides a platform to do all of that.<\/p>\n
Business Reporting 14 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
Enterprise Resource Planning (ERP)<\/p>\n
A typical product order logic (Continued)<\/p>\n
The production team should contact other manufacturers to inquire about the availability of raw materials, tools, etc. The \ufffdnance and accounting department then need to be involved for payment and bookkeeping purposes. An estimated date must be found to ful\ufffdll the product\/service. During this process, Tax and HR- related activities must be performed concurrently.<\/p>\n
ERP software provides a platform to do all of that.<\/p>\n
Business Reporting 14 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
A Familiar ERP System you have been using…<\/p>\n
\u2022 My CSUSM \u2022 PeopleSoft Campus Solution Overview<\/p>\n
Current ERP giants: \u2022 PeopleSoft (Oracle) \u2022 SAP and Oracle<\/p>\n
Business Reporting 15 \u2013 29<\/p>\n
https:\/\/my.csusm.edu
\nhttps:\/\/docs.oracle.com\/cd\/E56917_01\/cs9pbr4\/eng\/cs\/lsfn\/concept_CampusSolutionsOverview-ab58bf.html
\nAdvanced Business Analytics\u2013 Majid Karimi<\/p>\n
A Familiar ERP System you have been using…<\/p>\n
\u2022 My CSUSM \u2022 PeopleSoft Campus Solution Overview<\/p>\n
Current ERP giants: \u2022 PeopleSoft (Oracle) \u2022 SAP and Oracle<\/p>\n
Business Reporting 15 \u2013 29<\/p>\n
https:\/\/my.csusm.edu
\nhttps:\/\/docs.oracle.com\/cd\/E56917_01\/cs9pbr4\/eng\/cs\/lsfn\/concept_CampusSolutionsOverview-ab58bf.html
\nAdvanced Business Analytics\u2013 Majid Karimi<\/p>\n
A Familiar ERP System you have been using…<\/p>\n
\u2022 My CSUSM \u2022 PeopleSoft Campus Solution Overview<\/p>\n
Current ERP giants: \u2022 PeopleSoft (Oracle) \u2022 SAP and Oracle<\/p>\n
Business Reporting 15 \u2013 29<\/p>\n
https:\/\/my.csusm.edu
\nhttps:\/\/docs.oracle.com\/cd\/E56917_01\/cs9pbr4\/eng\/cs\/lsfn\/concept_CampusSolutionsOverview-ab58bf.html
\nAdvanced Business Analytics\u2013 Majid Karimi<\/p>\n
ERP Success Case Studies<\/p>\n
What are some of the bene\ufffdts of implementing an ERP system? Some successful implementation stories.<\/p>\n
\u2022 A host of a companies success stories<\/p>\n
Business Reporting 16 \u2013 29<\/p>\n
https:\/\/www.iqms.com\/erp-success\/
\nAdvanced Business Analytics\u2013 Majid Karimi<\/p>\n
ERP Failure Case Studies<\/p>\n
What are some of the challenges of implementing an ERP system? Some implementation disaster stories.<\/p>\n
\u2022 ERP Failure case studies<\/p>\n
Business Reporting 17 \u2013 29<\/p>\n
https:\/\/www.cio.com\/article\/278677\/enterprise-resource-planning-10-famous-erp-disasters-dustups-and-disappointments.html
\nAdvanced Business Analytics\u2013 Majid Karimi<\/p>\n
ERP and Business Analytics<\/p>\n
\u2022 The main advantage of ERP systems for business reporting is the ability to integrate data.<\/p>\n
\u2022 With this integration, management can make informed business decisions. \u2022 Moreover, managers can gain advanced insights when using any business analytics tools used in generating reports.<\/p>\n
\u2022 The integration capabilities of ERP software outperforms other business software in this scenario<\/p>\n
\u2022 In contrast, with separate software, data cannot be pooled together easily, and insights are accordingly less powerful.<\/p>\n
Business Reporting 18 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
What does ERP mean for Business Reporting<\/p>\n
When designing Business Reporting Systems, we should consider the followings. \u2022 How are the reports connected to the appropriate ERP components (data acquisition)?<\/p>\n
\u2022 How doe the automated reporting features of a business analytics system help managers make better decisions?<\/p>\n
\u2022 How are the business analytics suggestions included in a business report can be streamlined in the ERP system (to allow for automated decision making).<\/p>\n
\u2022 How are the business analytics suggestions included in a business report connected to back the ERP system (data storage).<\/p>\n
Business Reporting 19 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
ERP Alternatives<\/p>\n
\u2022 POS: Point of Sales, also called Point of Purchase (POP).<\/p>\n
A POS System is a system that allows the processing and recording of transactions between a company and its consumers, at the time in which goods\/services are purchased. POS is often empowered with features for additional functionalities such as inventory management, CRM, SCM, and \ufffdnancial management.<\/p>\n
\u2022 CRM: Customer-relationship management is an approach to manage a company\u2019s interaction with current and potential customers via data analysis. It often uses customers\u2019 historical transaction data to improve business relationships with customers, speci\ufffdcally focusing on customer retention and ultimately driving sales growth.<\/p>\n
\u2022 SCM: Supply Chain Management.<\/p>\n
Business Reporting 20 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
ERP Alternatives<\/p>\n
\u2022 POS: Point of Sales, also called Point of Purchase (POP). A POS System is a system that allows the processing and recording of transactions between a company and its consumers, at the time in which goods\/services are purchased.<\/p>\n
POS is often empowered with features for additional functionalities such as inventory management, CRM, SCM, and \ufffdnancial management.<\/p>\n
\u2022 CRM: Customer-relationship management is an approach to manage a company\u2019s interaction with current and potential customers via data analysis. It often uses customers\u2019 historical transaction data to improve business relationships with customers, speci\ufffdcally focusing on customer retention and ultimately driving sales growth.<\/p>\n
\u2022 SCM: Supply Chain Management.<\/p>\n
Business Reporting 20 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
ERP Alternatives<\/p>\n
\u2022 POS: Point of Sales, also called Point of Purchase (POP). A POS System is a system that allows the processing and recording of transactions between a company and its consumers, at the time in which goods\/services are purchased. POS is often empowered with features for additional functionalities such as inventory management, CRM, SCM, and \ufffdnancial management.<\/p>\n
\u2022 CRM: Customer-relationship management is an approach to manage a company\u2019s interaction with current and potential customers via data analysis. It often uses customers\u2019 historical transaction data to improve business relationships with customers, speci\ufffdcally focusing on customer retention and ultimately driving sales growth.<\/p>\n
\u2022 SCM: Supply Chain Management.<\/p>\n
Business Reporting 20 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
ERP Alternatives<\/p>\n
\u2022 POS: Point of Sales, also called Point of Purchase (POP). A POS System is a system that allows the processing and recording of transactions between a company and its consumers, at the time in which goods\/services are purchased. POS is often empowered with features for additional functionalities such as inventory management, CRM, SCM, and \ufffdnancial management.<\/p>\n
\u2022 CRM: Customer-relationship management is an approach to manage a company\u2019s interaction with current and potential customers via data analysis. It often uses customers\u2019 historical transaction data to improve business relationships with customers, speci\ufffdcally focusing on customer retention and ultimately driving sales growth.<\/p>\n
\u2022 SCM: Supply Chain Management.<\/p>\n
Business Reporting 20 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
ERP Alternatives<\/p>\n
\u2022 POS: Point of Sales, also called Point of Purchase (POP). A POS System is a system that allows the processing and recording of transactions between a company and its consumers, at the time in which goods\/services are purchased. POS is often empowered with features for additional functionalities such as inventory management, CRM, SCM, and \ufffdnancial management.<\/p>\n
\u2022 CRM: Customer-relationship management is an approach to manage a company\u2019s interaction with current and potential customers via data analysis. It often uses customers\u2019 historical transaction data to improve business relationships with customers, speci\ufffdcally focusing on customer retention and ultimately driving sales growth.<\/p>\n
\u2022 SCM: Supply Chain Management.<\/p>\n
Business Reporting 20 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
Business Reporting Types \u2014 Revisited: Performance Measurement<\/p>\n
Performance Measurement refers to a system that Helps managers in tracking the implementations of business strategy by comparing actual results against strategic goals and objectives<\/p>\n
\u2022 Comprises systematic comparative methods that indicate progress (or lack thereof) against goals<\/p>\n
Business Reporting 21 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
KPIs and Operational Metrics<\/p>\n
\u2022 A KPI represents a strategic objective and metrics that measure performance against a goal<\/p>\n
Targets are not the only way to reach KPI goals or assess performance. \u2022 Status monitoring \u2022 Targets \u2022 Ranges<\/p>\n
\u2022 Encoding or thresholding \u2022 Time frames \u2022 Benchmarks<\/p>\n
Business Reporting 22 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
KPIs and Operational Metrics<\/p>\n
\u2022 A KPI represents a strategic objective and metrics that measure performance against a goal<\/p>\n
Targets are not the only way to reach KPI goals or assess performance. \u2022 Status monitoring \u2022 Targets \u2022 Ranges<\/p>\n
\u2022 Encoding or thresholding \u2022 Time frames \u2022 Benchmarks<\/p>\n
Business Reporting 22 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
Outcome vs. Drive KPIs Key performance indicator (KPI)<\/p>\n
Outcome KPIs (lagging indicators e.g., revenues)<\/p>\n
Driver KPIs (leading indicators e.g., sales leads)<\/p>\n
Driver KPIs are what we need to measure to gain further insight into outcome KPIs<\/p>\n
What might be causing a low revenue?<\/p>\n
\u2022 We cannot distinguish why or react to a low revenue (an outcome KPI) by looking at revenue only.<\/p>\n
\u2022 However, we can learn where the organization could potentially establish new markets by measuring leading indicators such as individual purchases, international purchases, social media campaigns, etc.<\/p>\n
Business Reporting 23 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
Outcome vs. Drive KPIs Key performance indicator (KPI)<\/p>\n
Outcome KPIs (lagging indicators e.g., revenues)<\/p>\n
Driver KPIs (leading indicators e.g., sales leads)<\/p>\n
Driver KPIs are what we need to measure to gain further insight into outcome KPIs<\/p>\n
What might be causing a low revenue?<\/p>\n
\u2022 We cannot distinguish why or react to a low revenue (an outcome KPI) by looking at revenue only.<\/p>\n
\u2022 However, we can learn where the organization could potentially establish new markets by measuring leading indicators such as individual purchases, international purchases, social media campaigns, etc.<\/p>\n
Business Reporting 23 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
Metric Measurement Reports<\/p>\n
\u2022 Simplest form of performance measurement \u2022 Written documents \u2013 traditionally prepared for print \u2013 comprised of KPIs and written commentary.<\/p>\n
\u2022 Recently, Metric Measurement Reports have been distributed in digital formats \u2013 mostly pdf \ufffdles \u2013 via email.<\/p>\n
Business Reporting 24 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
Metric Measurement Reports (Example)<\/p>\n
Business Reporting 25 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
Balanced Scorecard<\/p>\n
\u2022 A performance measurement and management methodology that helps translate an organization\u2019s \ufffdnancial, customer, internal process, and learning and growth objectives and targets into a set of actionable initiatives<\/p>\n
“The Balanced Scorecard: Measures That Drive Performance\u201d (HBR, 1992)<\/p>\n
Business Reporting 26 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
Balanced Scorecard<\/p>\n
Business Reporting 27 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
Balanced Scorecard (Example)<\/p>\n
\u00a9 intrafocus.com<\/p>\n
Business Reporting 28 \u2013 29<\/p>\n
Advanced Business Analytics\u2013 Majid Karimi<\/p>\n
Summary<\/p>\n
\u2022 Reports are part of the organizational process. \u2022 Business reporting is part of a broader management initiative called Business Performance Management designed with speci\ufffdc goals and objectives.<\/p>\n
\u2022 Business reports are best implemented when their data acquisition is connected directly to the organization\u2019s ERP system.<\/p>\n
\u2022 Business reports are intermediaries between data warehouses (or ERPs) and decision-makers.<\/p>\n
\u2022 Data dashboards are the most versatile option when it comes to creating business reports, but they are not the only option. Organizations also utilize Metric Measurement Reports and Metric Measurement Reports.<\/p>\n
Business Reporting 29 \u2013 29<\/p>\n
Reporting Design
\nReporting Implementation
\nPerformance Measurements<\/p>\n","protected":false},"excerpt":{"rendered":"
Advanced Business Analytics Business Reporting Advanced Business Analytics\u2013 Majid Karimi Business Reporting, De\ufffdnitions and Concepts \u2022 Report = Information \u2192 Decision \u2022 A report can\u2026<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7643,7642,7645,7644],"tags":[7678,8989,8988,7387,633,8991,630,8987,8994,8467,15,8990,7656,7571,8993,66,8992],"class_list":["post-104231","post","type-post","status-publish","format-standard","hentry","category-custom-same-day-essays","category-custom-writings-writers","category-do-my-essay-mla-format","category-write-my-paper-hub-writers","tag-best-custom-paper-writing-service","tag-best-online-paper-writing-service","tag-best-paper-writing-service","tag-best-research-paper-writing-services","tag-cheap-research-paper-writing-service","tag-cheapest-paper-writing-service","tag-college-paper-writing-service","tag-free-paper-writing-service","tag-free-term-paper-writing-service","tag-paper-writing-service","tag-paper-writing-service-reddit","tag-professional-paper-writing-service","tag-someone-to-write-my-paper","tag-websites-that-write-papers-for-you","tag-what-is-the-best-paper-writing-service","tag-write-my-paper","tag-write-my-paper-for-me-free"],"_links":{"self":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts\/104231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/comments?post=104231"}],"version-history":[{"count":0,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts\/104231\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/media?parent=104231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/categories?post=104231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/tags?post=104231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}