Data Analytics Becoming Part of Manufacturing ERP
In keeping with the customers needs, manufacturing software Vendors have spent a lot of resources building out their business analytics. Data analytics affects all modules of an Enterprise Resource Platform when properly implemented. Key information is being pulled from various orders and reports are also compiled more efficiently than ever before due to the increased accessibility. No longer having to wait hours or days for information to be analyzed, managers can access data in real time at any time.
In the last 15-20 years, government regulations have forced increased amounts of automated data collection in the manufacturing space, allowing automatic signals to speak directly to an ERP system. Manufacturers are then able to use analytics to turn this data into actionable business insight. Any changes in production or inventory can have ripple effects throughout the business and managers armed with advance notices about changes can make sound decisions keeping operations running smoothly. The data visualizations and statistics provided by analytics simplify the process from having to sift through raw numbers continually. A production obstacle can be detected well in advance or a custom order can be fit into the work flow without hampering the rest of the day’s run.
Customer Relationship Management is seeing a benefit from data analytics as well. Regular reviews can be conducted to detect larger trends in the industry by having access to Customer orders and contact method. That can translate to not only adjusting sales relationships, but also give your sales team knowledge of what new and existing customers want. This can increase overall production and revenues very quickly. More importantly, concepts in manufacturing that often clash with ERP, such as lean manufacturing, have less friction with data analytic tools in place.
Manufacturing companies are able to use their ERP system to give them more capacity to create the best possible product in the most efficient and cost-effective manner. Your ERP system needs to be fully integrated and loaded with innovative tools to synchronize supply, demand, and fulfillment as a means to reach new, industry-leading levels of business performance.