DECEMBER 2019
IMARK GROUP UPDATE – THE DASHBOARD
In the last issue of Aerial View, we mentioned how the founding Members of IMARK Group – BLUE HAWK, IMARK Electrical and IMARK Plumbing – have begun sharing best practices, and evaluating our back-office synergies and cost-saving efficiencies. As an example, BLUE HAWK will be launching a new purchasing and rebate analytics tool called The Dashboard, which was originally developed by IMARK Plumbing.
Working in conjunction with Alliance Partner, Exactus Advisors, The Dashboard will be launching in 2020 to both Members and Vendor Partners. It is an analytics tool that provides near real time insight into how both Members and Vendor Partners are tracking inside BLUE HAWK.
Why are we doing this:
- Data Insights
- Rebate Audit Functionality
- Reduce Manual Effort
- Pursuit of Actionable Information
Current Process:
- Vendor Partner reports purchases to BLUE HAWK, who allocates those purchases to each Member, who then has to review and report back any discrepancies for research and adjustment.
- This takes a lot of time and the extra cost involved in researching discrepancies are usually more than the discrepancy itself.
The Dashboard – Dynamic Model:
- Dynamic system provides near real time insights through out the year on fact-based data.
Please be on the lookout for live demonstrations during Q1 2020.
