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DATA ANALYTICS#1

The process of examining data sets to draw conclusions and support decision-making in procurement.

PROCUREMENT DASHBOARD#2

A visual interface that displays key procurement metrics and supplier performance for quick insights.

KEY PERFORMANCE INDICATORS (KPIs)#3

Quantifiable metrics used to evaluate the success of procurement activities against set objectives.

SUPPLIER PERFORMANCE#4

Assessment of a supplier's efficiency and effectiveness in meeting contractual obligations.

DATA VISUALIZATION#5

The graphical representation of data to facilitate understanding and insights through charts and graphs.

DATA INTEGRATION#6

Combining data from different sources into a unified view for analysis and reporting.

DATA CLEANING#7

The process of correcting or removing inaccurate records from a dataset to ensure quality.

USER EXPERIENCE (UX)#8

The overall experience a user has when interacting with a dashboard, focusing on usability and satisfaction.

WIREFRAMING#9

Creating a blueprint of a dashboard layout to visualize its structure and functionality before development.

DATA SOURCES#10

Various origins of data, such as databases, spreadsheets, and APIs, used for analysis.

ANALYTICAL INSIGHTS#11

Key findings derived from data analysis that inform decision-making and strategy.

COST SAVINGS#12

Reduction in expenses achieved through improved procurement practices and data-driven decisions.

DECISION-MAKING#13

The process of making choices based on data analysis to enhance procurement outcomes.

VISUAL ELEMENTS#14

Components like colors, fonts, and icons that contribute to the overall design of a dashboard.

DASHBOARD DESIGN PRINCIPLES#15

Guidelines that ensure dashboards are effective, user-friendly, and visually appealing.

INTERACTIVE DASHBOARD#16

A dashboard that allows users to engage with data through filters and drill-down options.

STORYTELLING WITH DATA#17

Using data visualizations to convey a narrative that highlights insights and findings.

FEEDBACK LOOP#18

A process of gathering input on dashboards and analytics for continuous improvement.

PROCUREMENT METRICS#19

Specific measurements that track the performance and efficiency of procurement activities.

ANALYTICS TOOLS#20

Software applications used to analyze data and create visualizations for decision-making.

PRESENTATION SKILLS#21

The ability to effectively communicate insights and findings to an audience.

FUNCTIONALITY TESTING#22

Evaluating a dashboard to ensure it operates correctly and fulfills user needs.

COMPREHENSIVE REPORT#23

A detailed document summarizing the insights and features of the final dashboard.

DATA ACCURACY#24

The degree to which data correctly reflects the real-world scenario it represents.

ENGAGEMENT#25

The level of interaction and interest generated by a dashboard among its users.