Simplify Manufacturing Predictions with Business Intelligence

May 26, 2019
Nandinee Biswas
Business Intelligence Business Intelligence

Manufacturing is a data-intensive process by nature. The success of a manufacturing business largely depends on harnessing this data to create opportunities that can streamline their operations. On the other hand, unavailability of appropriate information and uncertainty spells danger for the manufacturing processes. In the past, analyzing a single process would take a huge amount of time. But today, with the introduction of business intelligence (BI) enabled ERP systems, the scenario has changed. The advanced data analytics technology is helping organizations to improve operational efficiencies and business processes at a faster pace.

So, how does a BI tool simplify manufacturing predictions? Here are the six ways:

Real-time data access

Modern manufacturing businesses need to keep a close tab on their operations to make them function efficiently and reduce or eliminate downtime, which is one of the most critical disruptions in the manufacturing industry.

This is where BI enabled ERP systems come into play. These systems provide the much-needed accurate, up-to-date, and real-time information to easily monitor what is happening on the shop floor and make each process work smoothly. They enable manufacturers to gain greater control, prepare for disrupting problems before they affect processes and get deeper insights into operations like supply chain, machine maintenance requirement, manpower, and inventory planning, thus helping them minimize the risk of experiencing any unplanned event that might lead to downtime.

Match production with demand

The trademark of an efficient manufacturer is their ability to switch between productions, modify the run, and even change products, as required. To maintain this agility, businesses need a cross-organizational view that can help decision-makers forecast and respond to current and future demands.

BI integrated manufacturing software can provide real-time information on customers’ transaction history, sales order processes, and production levels. This makes easier for decision makers to quickly respond to changes and helps organizations to schedule flexible production strategies that can handle any unexpected deviations.

Active business reporting

Every information in a manufacturing company contributes to informed business decision making. Without an efficient manufacturing ERP system, it becomes a challenge for an organization to manage huge amount of business data and keep up with the growing market competition.

Modern ERP software solutions are integrated with BI tool for smart reporting that offer detailed and decisive data analysis. These business insights enable manufacturers to maintain a check on current trends, predict future sales, and take rigorous decisions as needed.

Automate warehouse operations

To remain competitive, manufacturing companies must be able to keep track of manufactured products. Delays in identifying most and least selling items can lead to manufacturing time loss. Furthermore, spending more on workforce not increases expenses but also makes processes prone to human errors.

One easy way to efficiently manage warehouse operations is by automating processes and integrating them with BI. Automated ERP systems allow manufacturers to make the processes more reliable and helps them to monitor inventory, order dispatches, and other important elements that would help in determining future production needs.

Effective Material Planning

Effective material planning

The main objective of material planning in manufacturing is to ensure that no time is wasted due to the unavailability of raw material once the production process starts. Manufacturing plants require an advanced ERP software with appropriate modules that can calculate production time and raw material requirement, based on the product quantity.

The BI tool in ERP system improves manufacturing requirement forecasting. It helps owners or managers to prepare better production methodologies, which can remove challenges of material shortages or inventory wastage.

Integrated customer relationship management

CRM integrated manufacturing ERP software can save companies from spending a lot of time and money that usually goes in maintaining a separate CRM software. An ERP with integrated CRM automates, tracks, and stores all data related to customer communication automatically. With the help of BI tools, you can analyze this information to understand customer preferences and predict future manufacturing demand.

BI in manufacturing ERP makes the system simple for every user. It allows users to analyze information gathered from production, supply chain, sales, marketing, customer relationship management, distribution, and other operations. Clear and complete insights into business processes enable owners and managers to understand and resolve issues, forecast and predict the upcoming demands.

Focus Softnet provides smart BI powered ERP solutions that allow complex data, collected from numerous resources, to be analyzed together and used for strategic decision-making. These reports are generated automatically, in a time-saving manner and without the need for costly IT support. Click here to connect with us and book a demo or consultation to know more about our manufacturing ERP software.

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