Global competition in manufacturing is more fierce today then it has ever been in the past. Consumers now purchase products from competitors in favor of lower pricing or perceived higher quality products more readily. Due to significant advances in technology, today’s markets are now driven by things like products, pricing, process, quality and features. Competitive advantage can no longer be achieved based solely on location and geography alone.
Rising costs in raw materials and labor are leading to decreasing profit margins. These factors combined with compliance policies and government regulations create a challenging environment for manufacturing companies of all sizes making it difficult for many companies to create sustainable longer-term strategies for growth and profit.
In an effort to optimize resources and do more with less to reach the highest possible levels of productivity manufacturing companies need to carefully watch local, regional, and international competitors and market trends. To achieve this, manufactures create Six-Sigma, Lean, and Activity-Based Costing strategies to streamline operations, improve resource allocation, eliminate ineffective business relationships, and create effective material and supply chain management plans that involve determining optimum inventory reorder points as well as economic order quantities.
Through the effective use of technology business uses and managers leverage dashboards and decision support systems to monitor developing trends and quality assurance issues that are critical to the business. Users perform root-cause analysis on service interruptions and downtime, and play what-if scenarios on resource shortages or material price increases to determine potential effects to the business and plan accordingly. Gut feelings, educated guesses, and assumptions must be put aside. Users need to be empowered to make decisions based on facts and clearly defined key performance indicators.
Aculytics business intelligence (BI) solutions help manufacturing businesses analyze data collected from all across the enterprise to make fact based decisions that support corporate goals and initiatives. Business users perform analysis and sift through the data, exploring the data in real-time slicing, dicing, searching, and filtering the data to gain the viewpoints and perspectives needed to make informed decisions that best fit the business. Using simple easy-to-use dashboard user interfaces Aculytics helps our manufacturing clients deliver clear and concise information to their business users that consolidates into a single readily accessible area. Enabling them to optimize investments in corporate performance management (CPM) and gain insights into market trends. With Aculytics help, your users can gather and associate data from multiple disparate back-end systems including: enterprise resource planning (ERP) solutions, enterprise asset management (EAM) solutions, supply chain management systems, customer relationship management (CRM) systems, purchasing systems, shipping and distribution management systems, and business process management systems. Creating new and powerful analysis that enables business users to understand and resolve issues, forecast and predict supply and demand, as well as plan more effective business strategies.
Business intelligence (BI) has the ability to have a positive impact all areas of operation within businesses in the manufacturing industry.
Aculytics experience by area of operation or business function:
Aculytics builds flexible enterprise architectures that are scalable and support growth in number of users, increases in data volume, and the addition of more locations and complex business rules. Aculytics integrates multiple source systems into a single solution set, extracts the needed data into one common data format, and transforms the data into easily consumable information. Aculytics then organizes the information into associative data models that are reusable across many dashboards and reports throughout the enterprise. Using powerful desktop and browser-based tools business users can then perform self-service reporting and create ad-hoc dashboards and analysis solutions without on-going involvement from the IT and data-warehouse groups. Analysis capabilities include the abilities to dynamically convert volume data from one unit of measure (UOM) to another, as well as perform currency conversions on global data to enable the rollup of financial measures across the globe in desired countries currency.
Facilitate and enhance budgeting, profitability, and financial optimization processes by providing the CFO, corporate accountants, and controllers with dashboard solutions that enable them to monitor performance goals and track important metrics like accounts receivable (AR), accounts payable (AP), and cash on hand. Management can gain increased visibility and easily identify problem areas using financial dashboards that allow them to drill through multiple legal entities and levels of detail down to transactional level general ledger (GL) postings, or rollup Cash Flow and Balance Sheet reports across multiple subsidiaries to produce one high-level view of the entire business.
Monitor warehouse inventory and transactions to optimize capacity, minimum inventory re-order points, and economic order quantities. Users can also track batch and lot inventory movements, prioritize product selection based on aging to reduce expired inventory, and analyze consumption along with past orders and deliveries to calculate order lead-time and predict future inventory levels to avoid material shortages.
Enable enterprise organizations to set goals and continually track progress toward meeting those goals. Providing business users with the tools required to analyze results quickly and adapt business strategies to market conditions effectively. Automate report generation and distribution to produce the reports needed to satisfy government and industry regulators and stay in compliance.
Simplify the analysis of production and control issues including preventive asset and facilities maintenance, resource scheduling and allocation, training and certification requirements, and assembly line and production downtime. Integrate data from enterprise resource planning (ERP) solutions and computerized maintenance management systems (CMMS) to provide a consolidated view of the manufacturing enterprise and its various critical operations.
Easily compare sales goals and projection against actual results as well as many other important key performance indicator (KPI) metrics. Analyze data extracted from customer relationship management (CRM) systems by different levels of dimensionality like product, SKU, category, location, team, business unit, and profit center. Empower sales staff to view and analyze their own performance on-the-go on any modern HTML5 / AJAX web enabled mobile device. Allow sales persons to compare themselves to their peers and company benchmarks as well as monitor their own progress against Sales Incentive Programs (SIP) and other goals to keep employees motivated and engaged.
Evaluate supply chain activities and improve vendor performance without sacrificing quality or margin. Create powerful online analytics that enable business users to easily view alerts and trends. Push out automated reports that highlight important events or raise awareness of potential supply chain bottlenecks or shortages. Monitor carrier performance against service level agreement (SLA) contracts and avoid using distributors that cost you time and money.
Why is digital transformation non-negotiable in manufacturing ― and how are organizations using data to make it happen?