How is your manufacturing company doing? Are goals being met efficiently by the various departments? Is the company financially stable to weather through both the good times and the bad? What needs to change, and what needs to be added to enhance operations?
These questions and more will all appear at sometime during the course of a company's lifecycle. Whether you are asking these questions during the early stages of expansion to ensure that staff can handle the uptick of sales, or at the stakeholder's meeting to determine future business forecasts on a global scale, you'll want to have the data and reports on hand that gives a clear picture regarding the status of the company.
Yet pulling this information from department network systems can be difficult even when having business analytical tools available. A cloud-based manufacturing ERP solution offers business intelligence features so you can effortlessly pull the right information from systems so you can make better informed decisions.
Business Intelligence and ERP
Business intelligence involves using technology and services to gather data and information from systems and analyze it so that a company owner has the actionable insights on hand to make smarter business decisions. The process pulls the data from every source, both externally and internally, from every department.
Yet this factor isn't always easy to implement. Due to the disparity of systems used in different departments, pulling the data when it is required can end up being a slow or even an impossible process. Even if the data is obtained, it might not be the necessary information to give you the clearest view into business operations. You could miss the early signs that there is a specific issue that will hamper future sales or growth. You'll also be unaware of what will be needed to bring processes back up to speed.
Cloud ERP solutions can change this issue for manufacturers. The enterprise-wide software combines all the disparate software tools and places it into a centralized system that allows for full access when required. In addition, manufacturing ERP provides business intelligence features already available in the software. Real-time data reporting and analysis is improved, allowing you to evaluate processes and drill down on specific operations when required to understand what the company will need to succeed. Here are some business intelligence benefits that you can leverage.
Supply Chain Snapshots
Supply chains can make or break a manufacturing business. You need reliable suppliers who are able to fulfill orders on deadlines so that manufacturing processes can complete sales orders. For large companies, your manufacturing supply chains will typically be on a global scale.
Business intelligence tools allow you to understand supply and demand processes. You can track transportation costs, evaluate vendor performance, and analyze shipment history. With the required data, you can monitor transportation costs and analyze potential supply chain risks that need to be addressed.
Data Migration and Filtering
Manufacturing ERP systems provide an easier way to gather and maintain data. Manufacturing processes create vast amounts of data, from production run volume to purchasing management and equipment maintenance expenses. Wading through all this data can become cumbersome when trying to analyze it. Report generation can get out of hand as you are unsure regarding what data is needed to make certain decisions.
With cloud ERP, data redundancy and human errors are reduced. Manual tasks become automated. Since all the data is located at a single platform source, the quality of the data becomes improved. You'll be able to drill down on the information that is required without sifting through unnecessary data. Manufacturing ERP resources offer save and search features. These resources allow you to filter and match data based on your set criteria so you can answer the most important business questions.
The cloud ERP provides workbooks that allow you to further organize data and create analytical reports. You can create criteria filters so the right information is requested from systems as you can analyze the information and create real-time visualizations.
You explore the data, drag-and-drop information between workbooks, and perform complex analytical tasks. These workbooks can be shared to specific staff to compare performance and find operational trends. The workbooks can be deployed into the dashboard through "portlets" that allow access when you want it.
Manufacturing ERP Systems from ManoByte
It can become difficult to manually gather the data you need for large manufacturing companies, as you are busy trying to run daily operations. Creating the reports with the necessary information to make the right decisions is essential to ensure that the company continues to meet present and future goals.
A manufacturing ERP system can allow you to gather, store, and share data so you can make the best business decisions. Analytical reporting is made easier with intuitive dashboards, workbooks, and reporting tools. Here at ManoByte, we help manufacturers of all sizes with their business management capabilities by providing cloud ERP solutions tailored for their operations. Contact ManoByte for more details.