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Why data-driven manufacturers have all the answers with centralized ERP analytics

One of the most achievable and successful ways for manufacturers to become data driven and exploit the business intelligence residing in their organizations is by centralizing their data on a single platform within their ERP solutions.

As more and more manufacturers embark on digital transformation initiatives to futureproof their operations, the need to manage vast volumes of data and become data driven is paramount. Manufacturers are challenged with improving their reporting and analysis capabilities, streamlining decision-making processes due to siloed data and accurately measuring ROI. But at the same time, they need to enhance their agility in responding to changing market trends.

Role of embedded analytics
Analytics embedded into ERP systems can be used to collect data to monitor the production process in real time – all in the same environment where work is performed. As a result, manufacturers can consolidate millions of data points into structured insights that are easy to understand and act on.

Embedded analytics involves the in-depth analysis of data within the ERP system from various business functions that include manufacturing, distribution, finance, supply chain management, logistics and shipping. By centralizing their data within their ERP, manufacturers can improve efficiency, reduce downtime, enhance quality control, and increase productivity. In addition, it is easier to identify and address production issues before they become critical.

Embracing centralized embedded analytics in ERP systems
For manufacturers, the use cases are many and far-reaching. Data can be extracted from production lines, suppliers, and customers to uncover trends, patterns and anomalies. This can lead to improved quality, reduced waste and optimized production processes.

Real-time updates on manufacturing processes enable managers to take swift action and keep production on track. By analyzing data from sensors embedded in machinery, manufacturers can predict when a machine will require maintenance and schedule downtime accordingly, reducing unexpected breakdowns and associated costs. Analyzing data from sensors and cameras, manufacturers can monitor product quality in real-time, identify defects and take corrective action before defective products leave the production line.

From a distribution perspective, future trends in demand for products or potential supply chain disruptions can be predicted, enabling distributors to plan and make informed decisions while mitigating risks.

Of course, improving the bottom line is what it’s all about; so, the ability to measure KPIs such as production output, cycle time and quality metrics is key to making data-driven decisions that optimize operations. Embedded analytics within ERP solutions enable easy-to-use dashboards and reports that help decision-makers visualize data, enabling them to understand and act on the insights they gain. This empowers teams to improve processes, reduce costs and increase efficiency.

Overall, centralizing analytics within an ERP helps manufacturers turn raw data into actionable insights, unlocking new opportunities and improving their bottom line. To stay ahead of the competition and take their businesses to the next level, the time has come for manufacturers to consider the transformative benefits of centralized embedded analytics in their ERP systems. Learn more about SYSPRO ERP with Embedded Analytics here.

reposted from https://www.canadianmanufacturing.com/features/why-data-driven-manufacturers-have-all-the-answers-with-centralized-erp-analytics/