How to Turn Data into Insights?
Every successful client is focused on profitable growth and ensuring they provide powerful customer value. In order to succeed with these objectives with unending volatility, clients must stay on the leading edge with their use of technology. A modern ERP system with data analytics and business intelligence is no longer optional to meet the ever increasing and changing customer expectations. In fact, to support scalable, profitable growth, turning data into insights is of paramount importance.
How do you benefit from Data Analytics & Business Intelligence?
Manufacturing
Manufacturing leaders will gain visibility into work center, staffing, and the master production schedule so that they can optimize production runs and minimize changeovers and costs. They will also gain insights, improve efficiencies, automate steps, improve quality control processes, and reduce inventory and costs.
Engineering
Engineering leaders will gain visibility into workload requirements to support drawings, customer approvals, and bill of material designs. ERP and related systems such as configure-to-order (CTO) quoting systems, PLM, and 3D drawings will speed up progress, save on engineering time, and improve communications.
Purchasing
Purchasing leaders will gain visibility into material requirements plans (MRP) and outside processing requirements so that they can work with suppliers proactively to meet customer requirements while minimizing cost. They will also gain purchase insights, improve efficiencies and streamline workflows.
Logistics
Logistics leaders will gain visibility into storage, warehousing, handling, picking, packing, shipping, transportation, returns, and equipment requirements so that they can plan accordingly. With WMS, TMS, inventory optimization, ASRS, AR, VR, and digital twins, they will gain efficiencies, improve quality & increase safety.
Finance
Finance leaders will gain visibility into sales forecasts, staffing plans, and inventory projections. Thus, they will have revenue, cost, profitability, and cash flow projections, and they will gain insights into customer and product profitability, improved processing efficiencies and business analysis and scorecard capabilities.
Sales & Marketing
Sales and Marketing leaders will gain visibility into their sales forecasts, quotes, and order backlog. They will also gain high levels of service for their customers with on-time-in-full (OTIF) levels, shorter lead-times, and high ratings on customer scorecards. They also will gain greater responsiveness and customer value.
Planning
Planning leaders will gain visibility into the demand plan, sales orders, quotes, replenishment orders, and work order status so that they can develop the best master production schedule (MPS) to optimize customer service, operational efficiency and working capital. They will gain high service levels and increased margins.
Blog posts for Data Analytics & Business Intelligence
The most successful companies are better utilizing ERP to automate processes, enhance customer value and better prioritize resources to support growth and scalability. Every company can better utilize their ERP system to drive bottom line results. Thus, we review top ways to better optimize ERP including a case study.
Artificial intelligence is sweeping through every corner of the enterprise. The winners will be those who apply it with discipline, tying use cases to real bottlenecks, aligning Sales, Inventory & Operations Planning (SIOP) with data and keeping humans in control for judgment, safety and accountability.
Lisa Anderson shares expert views on AI in supply chain planning, forecasting, SIOP, and real-time inventory visibility in a new publication from Intelligent Enterprise Leaders Alliance: ‘AI & Analytics in Supply Chain’.
