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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.