Management Controls Inc. has launched the Insights Analytics Maturity Model Level 2 – Contractor Optimization.
MCi continues to add value to our customers through a comprehensive analytics framework called the Insights Maturity Model. Our analytics experts use the Maturity Model to advise customers on improvements to safety, value and productivity. In Level 2 of the Maturity Model, guide your contractor optimization efforts through a comprehensive suite of analytics. This includes Contractor Scorecard, Headcount & Estimated Costs, Onsite Time, Daily Settlement Trends, Override Hours, Schedule Exceptions, Supervision Ratio, and Assigned Employees by Agreement. The combination of our analytics experts and these metrics help customers take a more strategic view of their TRACK contractors and the journey to achieving best in class contractor savings. Coming up next, Maturity Model Level 3 focuses on Schedule Compliance, Contract Exception Trends and Focused Premium Time Analytics.
Our Analytics Maturity Journey is a guide for data driven companies and decision makers. We can deliver any of the insights within our Analytics Maturity Guide right now to support your most important decisions.
ANALYTICS LEVEL 2
Key Benefits
Contractor Scorecard
Key contractor performance metrics consolidated in one place facilitate relationship discussions based on real data.
Headcount & Estimated Costs
Headcount is a quick indicator of labor spend. To control labor costs, control headcount.
Net-Billable Time
Net-Billable time should typically be less than onsite time, this analysis allows you to quickly identify anomalies.
Daily Settlement Trends
The TRACK daily settlement trend analysis shows your complete cycle time from activity to authorization.
Override Hours
Compare contract exceptions across all your vendors simultaneously to reveal anomalies and common issues.
Schedule Exceptions
Schedule compliance issues negatively impact productivity. Help supervisors focus on contractors and resources that are noncompliant.
Supervision Ratio
Contractor supervisor ratios can differ by the scope of their work, ensure the right amount of supervision for the job to control your overhead costs.
Assigned Employees by Agreement
Detect resources that need to be assigned to a contract in order to properly control their skills and schedules.
Get to Green
With the Analytics Maturity Model, MCi can meet you where you are and take you to the next level of contractor spend analytics. You don’t have to wait to take your analytics to the next level. Contact us now and get into the green!
Why Insights-as-a-Service?
The TRACK Platform offers an enormous amount of data and analytics to assist you in making business decisions. Our dedicated business intelligence experts with deep experience in contractor management and TRACK® data will guide you to uncover contractor value leakage and process improvements. Insights-as-a-Service has automated 250 years of experience into analytics products that help save money, improve safety, and increase contractor productivity. Our unparalleled service guides client improvements via live analytics coaching sessions where expert analysts leverage dashboards, pattern recognition, outlier detection, alerts, notifications and soon analytics on mobile devices.
Watch this space as we aim to constantly improve our value proposition. Our next maturity model release will be focused on reducing value leakage and improving productivity.
