Do You Manage Your Resources or Do Your Resources Manage You?

by Datalytic Solutions on July 28, 2018
Do You Manage Your Resources or Do Your Resources Manage You?

Imagine a world where you didn’t need to worry about a lack of resources for your business. Allow yourself to imagine a lack of worry about money, inventory, employees, time, or workspace. Would this allow you to reach all of the dreams you have for your business? It’s a beautiful dream, isn’t it?

The problem is, no one has an unlimited number of resources. The concept of scarcity forces managers and business owners to make smart decisions around resource management (or least to attempt to). By using your company’s data, you can better understand how you are using your resources and make better decisions today and in the future to perhaps reach some of those dreams.

See Datalytic Solution in Action

Helping organizations improve resource use is something with which we are extremely familiar. Have a look at this dashboard we created for a call center. The dashboard helps the call center understand call volume, call times, and agent performance, which are all things that can be used to make better decisions around resource management.

Manage Your Resources, Prepare For Success

The path to growing your business is clearer than you might think. Proper allocation of resources can have a significant effect on your business. Understanding how, where, and why you are using resources allows you to make better decisions today and plan for a better future. The following is a list of common business resources and how proper resource management can help:

  • Inventory - If you are in retail, knowing what you have on hand to sell is important. Otherwise, you run the potential of running out of inventory and risk upsetting potential and current customers.
  • Space - Many do not see space as a resource, but if you work in a small office, knowing how the area is being allocated and used can help you make the most of what you have.
  • Time - This is a big one. Understanding how time is spent throughout your organization improves how you do business on many levels.
  • Employees - This goes for both staffing shifts as well as knowing when to hire. Leaving a shift understaffed can lead to bad customer experience (not to mention a poor employee experience). Also, not knowing when to hire and exactly who to hire in terms of skills can lead to a demoralized working staff.
  • Marketing - There is so much that goes into marketing. Understanding what is and is not working allows you to make smarter decisions about where to spend your money.
  • Cash - Do you know how you are spending every dollar? Can you predict how much cash on hand you need every month to keep the business going? If not, chances are you are not efficiently allocating cash.

Analyzing your data will give you a deeper understanding of how you are allocating all of your resources. With this data at your fingertips, you will discover inefficiencies and be able to make continuous improvements to your business operations.

Take Back Control of Your Resources

Do not let your resources manage you! There is a way to get more from your business, and Datalytic Solutions can help you find that way! Contact us today to schedule a FREE consultation to see what we can do for you!