Getting visibility from the shop floor to the top floor of any manufacturing center begins through the effective use of business intelligence. Manufacturers are streamlining their operations while gaining greater insights into where and how they can improve operations using business intelligence applications and platforms.
In addition, integrating business intelligence applications with customer relationship management (CRM) and enterprise resource planning (ERP) systems provides insights and knowledge about manufacturing operations and company operations that weren’t available before.
Here are some strategies for improving manufacturing with business intelligence:
Use metrics and key performance indicators to manage your financials more effectively. The raw data that business intelligence turns into usable data can help you manage the value chain of your company.
Optimize your inventory by gaining greater visibility into inventory carrying costs, average inventory turnover, order fulfillment lead time, percentage of back-orders, and more.
Manage your suppliers and supply chain more efficiently by improving quality and delivery performance in addition to lowering costs.
Forecast with better accuracy and meet delivery date commitments more often. The gap between customer expectations and experience is key to driving up customer satisfaction.
Drive up the value of warranties, gain revenue, and improve the lifetime value of customers.
Bottom Line: Integrating business intelligence into your strategy is essential for gaining greater insight and improving every functional area of your operations.
Oates & Company is ready to bring the benefits of analytics and business intelligence to your manufacturing companies. Please contact us to see how we can help you reach your manufacturing goals in 2015!
