Organizations are constantly looking for ways to maintain their competitive advantage and increase sales while lowering costs. Analytics helps organizations identify whether they are getting the most out of their resources. Is the money they spend going to good use? Are they proactively identifying ways to cut costs while maximizing resources?
Enterprise resource planning (ERP) solutions for manufacturers have analytics embedded within them. But do these systems actually give organizations the depth and breadth of analytics required to sustain a competitive advantage? Or is business intelligence (BI) for manufacturing the better solution?
In some cases, ERP analytics will be enough to meet an organization’s needs. But what about those organizations that aren’t lowering production costs, improving sales, or managing their supply chains effectively through the use of their current systems? In this case, BI for manufacturing may be the better way to meet and exceed an organization’s strategic goals. Let’s explore both options to help you determine which type of analytics is more beneficial to your organization.
Organizations using an ERP solution should ask themselves whether their ERP system helps them
Organizations implementing an ERP solution need to have a continual view of the organization’s operational status, have access to business indicators that influence the organization, and have a visualization feature that provides management with constant access to business strategy. ERP analytics allows organizations to address these issues through financial, operations, and workforce-based analytics. But what does this really mean for the organization? Why are these analytics important as an enhancement for an ERP system?
Components of ERP Analytics
Aside from tracking order processing, getting products to the right place at the right time, and creating accurate sales forecasting, ERP analytics allow organizations to hone in on financial, operations, and workforce-based analytics to move beyond a traditional ERP solution and thus create and sustain a competitive advantage.
ERP analytics includes the following:
How BI Differs
Organizations that want to move beyond the limited scope of ERP analytics and manage performance on an organization-wide level should consider a BI solution. This will help them move toward an inclusive approach to setting metrics, collaborating on tasks, and tying initiatives to the organization’s overall goals. By focusing on organization-wide business issues, a more cohesive view of the organization is created.
For manufacturers, the added value of implementing a BI solution includes
Manufacturers need to identify which approach works best for them. Do built-in ERP analytics meet business requirements and help manage organizational performance, or should manufacturers take advantage of the additional benefits of a full BI solution? Organizations may be using their current set of ERP analytics, and it may provide sufficient benefit to the organization.
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If not, BI solutions can create an organization-wide approach to managing performance and gaining competitive advantage that goes beyond ERP analytics.
Click here for your free custom comparison of BI solutions.
i earn good knowledge with this
i will like to the list of text book that i can use to use for study business intelligence or also how can i get a study center and online training pls reply me i need it.thanks
I have few doubts regarding understanding of BI,I am working in Paper division where the Whole business run on the basis of Material Balance and standard SAP/ERP doesnot provide that much flexibility .If u can guide us How this can be addressed in ERP .I will be grate ful .
Would it be simple to say that BI would provide more of trend analysis compared to ERP analytics and more of what-if scenarios for predictive modelling compared to ERP analytics which will give “what happened”.
It is dobtful to impliment in small org.