The pivot table is a powerful tool that can be used to quickly analyze and report on departmental, branch, or corporate production activities. It allows source data to be replaced daily or monthly and updated reports generated by simply pressing the refresh button. Instructions are provided to create a pivot table in PowerPoint, which involves selecting data, choosing a pivot table report type, dragging fields to layout the table, and finishing to obtain the pivot table. Optional steps can further customize the pivot table with summaries by branch, account, date, and frequency.