Product Deep Dive: Getting the Most out of Scout Reports
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Data is everywhere, but what sets Scout customers apart is that they know what to do with it. Through Scout Reports, you can unlock the ability to understand, inform, and support your recommendations to the business with defensible data and produce a hard-hitting impact to the bottom line. And you’ll help your team become more data-aware in the process.
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Product Deep Dive: Getting the Most out of Scout Reports
- 1. A SCOUT DEEP DIVE #scoutspark Getting the Most out of Scout Reports SimoneJanssen CustomerSuccessManager ScoutRFP Dr.ElizabethKnapp SeniorAnalystII Biogen
- 2. #scoutspark Agenda Introduction1 Why We’re All Here- Reporting is a Priority2 The Essentials of Reporting- Biogen3 Demo: Scout Reports4 Closing Thought: Reports Cause Conversation and Drive Change5 Q & A6
- 3. “The winners in the digital age will be the companies that can extract the most value from their data.” Jeetu Patel, Chief Product Officer at Box
- 4. #scoutspark Reporting: Unlock the Ability to Educate Establish Better Control & Drive Improvement Identify Opportunities & Drive Value Work Faster, Stay Agile & Give the Business a New Competitive Edge Enable Better & Faster Decision Making
- 5. #scoutspark Reporting: Gaining Visibility into Critical Dynamics • Savings and spend • Managing the sourcing group & evaluating performance • Quality control/analysis • Managing and evaluating current and future suppliers
- 6. #scoutspark Scout’s Single Source of Truth Fast & FlexibleVisibility True Insights Do More With Your Data
- 7. A SCOUT DEEP DIVE #scoutspark Secrets and Confessions From a Data Ninja Dr. Elizabeth Knapp Senior Analyst II Biogen
- 8. “Organizations that are top-performers are five times more likely to use analytics then low-performing companies.” MIT Sloan Management Review
- 9. #scoutspark Reports Drive Decision Making and Profitability “Data is a driver for improved decision-making and profitability.” – Journal of Business Logistics, 2013
- 10. To buildan acumenfor analytics, teach your organizationwhy they should want a report It starts with the first one
- 11. #scoutspark Primary Areas of Understandingand Enrichment Cost Savings/Targets Customer SatisfactionOperational Efficiency
- 12. #scoutspark Continually Examine the Usefulness of a Report Creating ExaminingSharing Analyze the results – What do they mean? Compare to real observation or feedback Sometimes KPIs need to be shifted
- 13. #scoutspark Report Creation • Do I have the proper fields? • Is the data accurate, complete, and consistent? • What do the results mean? • How does the data compare to real observation? • What is still unknown? Report Examination
- 14. #scoutspark Two Things That I Love…
- 15. “How many Sourcing Events am I running?” “What are my Recognized and Projected Savings?” “What are my Savings per Project?” “Do I need to hire more Sourcing Managers?” “What are my savings per region?” “Which Suppliers have I worked with before?” “How many projects does each Sourcing Manager own?” “What are my Project Statuses?” “What projects are bringing in the most savings?” “How long are my events?” “What types of projects am I working on?” “What are my upcoming milestones?” “Can I increase the efficiency of my events timelines?”“What are my Supplier Review Trends?” Get Real Insights, Fast– With Scout.
- 16. #scoutspark Scout Reporting: Understand, inform and support sourcing recommendations with defensible data More Visibility Fast, Flexible Insight Rich customizable reports, charts, and pivot tables let you dive into the data (and leave messy imports and merges behind) Integrations Connect Data Align sourcing data with other data sources across the enterprise with pre-built Tableau and Power BI connectors See across projects, events, suppliers, and savings to see what's working (and what's not)
- 17. #scoutspark Value From Reports • Achieving a $50M savings goal • Executive reporting that used to take 3 days to put together are now assembled in minutes • Faster, easier, and better at determining the best suppliers per RFX based on prior engagements
- 19. #scoutspark Reports Cause Conversation and Drive If everything is green, you’re looking at the wrong stuff - Reports will help you find the areas of improvement. Are your KPIs too green?
- 20. Thank You! Simone Janssen| sjanssen@scoutrfp.comDR. Elizabeth Knapp| elizabeth.knapp@biogen.com
- 21. PIPELINE&SAVING TRACKING SOURCING& AUCTIONS CONTRACTS ONBOARDINGANDSUPPLIER PERFORMANCE INTAKE A UNIFIED SOURCING AND SUPPLIER ENGAGEMENT PLATFORM SCOUT REPORTS
Editor's Notes
- Important to continually examine the usefulness of a report and whether it indicates what is intended: i. Analyze the results and what they mean ii. Compare to real observation or feedback iii. Sometimes KPIs need to be shifted—but this is difficult; people get accustomed [so how do you do it?]