Is Your Management Team Reactive or Proactive?

The Use of Analytics Can Spot Trends and Potential Threats Before They Become Costly Issues.

Is your business using a reactive management team? If so, you could be wasting time, money, and resources. With data analytics, you can take a proactive management approach and identify potential risks before they become costly issues.

The Problem with Reactive Management

Before analytics improved, reactive management used to be the only method business could employ. However, the problem with reactive management is that it wastes time and resources. Managers can only to take corrective action when a problem is identified, not just a potential threat. This, in turn, costs time and money. Instead of addressing a threat before it becomes a full-scale issue that halts processes, business can only react to problems under a reactive approach.

Benefits of Using Analytics in Field Audits

When utilizing analytics, you can shift your management style from reactive to proactive. Advanced analytics allow you to identify trends before they become costly issues.

A product slowing gravitating towards the outer limit of quality specs can be caught and rectified before thousands more are produced that won’t pass Quality Assurance inspections. By identifying the trend of a changing spec, you can take corrective action and that saves time, money, and hassle.

Analytics provide real-time access to information so that you have more control over the process. You can recognize potential threats before they materialize and implement the measures necessary to fix it. Without analytics, a proactive management style simply isn’t possible.

Key Things to Remember

When you are implementing data analytics and shifting management styles from reactive to proactive, there are some important things to do, including:

• Investing in the Right Tools: Not all data analytics systems and tools are created the same. Be sure that the one you choose is customizable to your industry and business.
• Implement the Proper Metrics: With analytics, in order to take a proactive approach, you need the right metrics to analyze. Work with your service provider to ensure you are analyzing the right information.
• Drill Downs are Essential:  When working with data analytics, in order to effectively get to the root of potential issues you need to be able to drill down into specifics. Make sure that drill down capabilities are something you have in your data analytics tool.

MyFieldAudits Can Help You Spot Risks Before They Turn Costly

At MyFieldAudits, our analytics tool allows you to take a proactive management approach. By viewing real-time data, you can identify potential threats before they lead to costly issues. Our easy to use cloud-based analytics tool lets you access live information that can highlight trends signaling potential issues. By taking corrective action before these trends become costly problems, you will save time, money, and valuable resources. If you want to learn more about how MyFieldAudits can help turn your management team from reactive to proactive, contact us today at info@MyFieldAudits.com.