logo
logo
Sign in

ERP Implementation in Manufacturing Industry

avatar
Jennie Miller

Business Intelligence (BI) is a set of applications that combines processes, architectures, and technologies. It efficiently transforms raw data into substantial information to perform various profitable business operations. Actually, BI is a suite of software applications and services to convert data into functional intelligence. Business Intelligence Software has a direct impact on the strategic, operational, and sensible business decisions of a company. It enables fact-based decision-making using historical data instead of assumptions and sentiments. The intelligent BI tools help to prepare data for analysis to create reports, dashboards, and complete visualization of activities.

The intelligent tools of BI can perform data analysis, create reports, summaries, dashboards, maps, graphs, and charts to give users detailed intelligence about the condition of the business. Best ERP Software also features an intelligent BI solution for various types of industries. Business intelligence tools are often referred to as software applications. The tools can collect and process a huge amount of raw data received from internal and external systems. It includes journals, books, documents, business condition records, images, videos, files, email, and various other business sources. However, these tools of BI software aren’t flexible as other business analytics tools.

Importance of Business Intelligence in Manufacturing

BI tools provide both employees and managers the ability to boost processes and enhance decision-making. It can also increase operational efficiency, identify the latest market trends, and discover new business opportunities. These tools are traditionally used for querying and reporting business data. BI tools can combine various data analysis applications including ad hoc analysis & querying, enterprise reporting, and online analytical processing.

ERP Software for Manufacturing includes BI to provide real-time BI, Mobile BI, open-source BI, cloud-based BI, and collaborative BI. MIE Solutions is also offering Business Intelligence Software for various organizations and companies in the manufacturing industry. BI systems also include data visualization software for designing charts and specific tools for building BI dashboards. An intelligent BI system includes various functionalities and performs key activities including:

Ø Creates KPI (Key Performance Indicators) based on historic data.

Ø Identify and set benchmarks for mixed processes.

Ø Organizations can discover market trends and business problems to resolve them.

Ø It offers data visualization to enhance data quality and better decision-making.

Ø Business Intelligence Solutions aren’t just for enterprises businesses but also small and medium enterprises.

Implementation of Business Intelligence systems

v Intelligently implemented BI can extract Raw Data from corporate databases and spread across multiple systems diversified systems.

Business Intelligence Management cleans and transforms data or information into the data warehouse.

v Users can ask quires, request ad hoc reports, and manage other analyses using the BI system.

v In an OLTP (Online Transaction Processing) system

v Information can be fed into the product database in an OLTP (Online Transaction Processing) system.

v It could add a product line or change a product price.

v OLTP system execution can change advertisement options and increase the radio budget in an advertising database.

v It efficiently deals with customer demographic databases to increase the customer credit limit and change salary level.

Major Benefits of Business Intelligence Software

The increasing demand for the best business intelligence software moved the market from IT-led to Business-led analytics. Traditionally, BI solution users are business owners, senior executives, managers, and technical staff members. Some of the major benefits of implementing BI systems are below:

Improved Productivity: BI system can control big data and cloud-based computing to simplify complex data analysis. It helps manufacturers to adopt BI practices across different departments. Software Business Intelligence system makes it possible for businesses to create reports; saves time, and resources.

Boost Visibility: BI systems help to enhance the visibility of all related processes and make it possible to find out critical areas that need attention.

Accountability: An efficient BI system can assign accountability to the organization. There should be someone to own accountability and ownership for the performance of an organization against its objectives.

Streamline Business Processes: BI systems can effectively eliminate entire complexities linked with business processes. The system can automate analytics and offers predictive analysis, benchmarking computer modeling, and other related tasks.

Simple and Easy Analytics: Business intelligence technologies have established their usage. It allows nontechnical or non-analysts users to collect and process data rapidly.

collect
0
avatar
Jennie Miller
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more