Insight

Insight

Product Overview

Insight is a business intelligence solution, designed to make it easy for businesses to consolidate and report on inventory, spending, and materials usage data in a single, cloud-based application. Insight gives our customers the ability to quickly and easily unearth important business trends without having to sift through disparate applications, spreadsheets, or complex warehousing applications that rarely provide reliable information.

Pre-Built Reports

Insight comes “out-of-the-box” with more than 50 standard reports that help our customers realize value extremely quickly. Listed below is a grouping of some of the key reporting categories.

 

  • Inventory Age Profile
  • Inventory ABC Criticality
  • Inventory ABC analysis
  • Inventory ABC analysis by site
  • Price Band vs. Lead Time Band
  • Current Inventory Nine Cell
  • Stock Turn Band analysis
  • Savings from Recommended ROP compared with Current ROP
  • Top 20 Parts
  • Top 20 Manufacturers
  • Top 20 Suppliers by stock value
  • Usage Frequency
  • Largest variances in price for common items
  • High Value Slow Movers
  • Low Value Item analysis per site
  • High Value Item analysis per site
  • Top 20 Highest valued items at each site
  • Comparison of Moving Average Price with Last Price Paid
  • View Purchase Orders
  • Current stock for recently purchased items
  • Supplier Rationalisation
  • Number of years of stock held for each supplier
  • Value of Stock at Current ROP vs Recommended ROP
  • Savings from Recommended ROP compared with Current ROP
  • Commonality Across Plants
  • Duplicate Cost Savings
  • Per Site Surplus Redistribution Options
  • Common Suppliers between sites
  • Understocked Items by site
  • Overstocked Items by site
  • Top 100 Surplus Unique Parts
  • Potential Duplicate Overview
  • Common Manufacturers between sites
  • Items with no Usage and no Quantity on Hand
  • Items with Usage but no Quantity on Hand
  • Usage by financial quarter per site
  • Currently Stocked Items with Usage
  • Items with Quantity on Hand but no Usage
  • Top 250 best burning items
  • Redistribution by Location, Criticality, or Report Group

The Features Our Customers Love

Robust dashboarding capabilities allow executives and other stakeholders to easily track and visualise KPIs that give them the power to better manage inventory, capital allocation, and spending across their entire business.

Flexible and customisable, Insight gives users the ability to track, report-on, and visualise the data, trends, and legacy information required to improve operations.

Quick and easy access to an “ad hoc” query engine, giving users the ability to build, save, and revisit a library of their own reports for one-time or repetitive use.

The Key Benefits of Leveraging High-Quality Material Master Data

Most asset-intensive businesses have a wealth of MRO data that remains misunderstood or simply ignored. With operations and suppliers all over the world, operating different business systems in different languages, it is commonplace for organisations to operate without a solid understanding of where, how, or when they are burning money. This can put them at a considerable business disadvantage. To put it into more practical terms, without a reliable and properly implemented solution for reporting-on and visualising MRO data trends, it is very difficult (if not impossible) for businesses to drive strategic change and make intelligent fact-based business decisions.
Insight gives our customers the ability to leverage their data, find trends, and make decisions based on real information. Below, we have listed some of the ways Insight has helped our customers:

  • Reduce inventory levels
  • Benchmark best practices across your organisation
  • Reduce interest charges on working capital
  • Conduct an inventory rationalisation programme
  • Identify disparities in stock levels and usage levels between locations
  • Aggregate purchasing from individual suppliers
  • Use consistent, company-wide spend analysis to deliver continual process improvement
  • Reduce storage and maintenance costs
  • Reduce obsolescence costs
  • Enable better targeted price negotiations with suppliers using aggregated, normalised data
  • Improve disciplines around spend forecasting, with better tracking against targets
  • Respond rapidly to ad hoc queries, improving senior management decision making
  • Quickly identify areas of weakness, such as too many suppliers providing the same services or conversely, too much exposure to a single supplier