Working with Industry Experts we provide innovative charting tools to gain insight.
Following on from our section on Analytics ... we understand the value of providing useful information that can be interpreted by the various end users of the system. For example, a site manager has a different use for the data from a head office pricing analyst. When you want to visualize your pricing data you could use the full range of charts available in Excel, but we've taken that a step further and provided the ability to embed more functional in-cell charts that allow you to analyse large amounts of data graphically, using either small multiples or maps.
Small multiples is a term used to describe a series of similar graphics or charts that allows them to be easily compared. The graphics could, for instance, be maps. The term was popularized by Edward Tufte. A typical example of small multiples in use is to compare price difference to volume across different time periods - below both months and also days of week.
As you look through the FuelsPricing suite you'll notice a distinct absence of 3D charts, pie charts and overly complex and clever diagrams purporting to show you insights into your data. The challenge is to take the complex and present it in a simple manner that highlights only the data that needs to be highlighted, which allows you to get to the underlying data to find out the root causes.
A good read would be Stephen Fews blogs where in one example he shows how a simple bar chart can show scale much more efficiently than trendier bubble charts. He goes on to explain that the correct chart should be used for the correct purpose - which is something we believe in.
If you're tasked with managing performance, you will need a dashboard and reports that give you the information you need, quickly, clearly and efficiently. Having a fuel gauge taking up half your screen might seem a relevant image to display your stock level but all it's really displaying is a single number. We'd suggest adding in some trend data, comparative data (vs. previous comparable periods), other useful information, e.g., supply price trend (is the price rising and your stock low - should you buy now?).
We typically use a combination of data, in-cell charts and large charts to display this type of data.
Making and implementing the right pricing decisions is now a key process for us during this period of growth. We identified FuelsPricing.com as the best available solution.