Manufacturing is one of the industries facing global competition like never before. Increasing raw material costs and reducing profit margins combined with government regulatory compliance policies not only keep managers in manufacturing industry on their toes, but also have made the business process complicated. Manufacturing industry needs to not only keep tight vigilance on competitors, but also find out ways to optimise resources to gain maximum productivity out of minimum investment. Innovative and profitable schemes at marketing level and maintaining optimum inventory of row material to avoid overstock or short supplies are the areas with improvement potential.

Managers are required to be equipped with up-to-date and accurate information to take mission critical decisions based on factual data rather than just assumptions. Analysis of cost factors in acquisition of raw material and sold goods is important. Managers need to have an insight into the demand and supply trends to optimise inventory investment and avoid short supplies. This demands for consolidation of information from supply chain system, enterprise resource planning, sales and marketing and customer relationship management systems for overall effective business process.

Some of the areas where Business Intelligence tool ElegantJ BI Solutions can be applied to manufacturing:

• Inventory Optimisation - Inventory optimisation analysis enables to monitor warehouse inventory tracking to reduce overcapacity. Helps you to monitor inventory-carrying cost for obsolete and slow moving inventory.

• Financial Management - Financial management analysis facilitates budgeting, profitability and financial figures and monitor performance goals using financial BI Dashboards. Helps you to identify area to increasing accountability, management visibility and potential issues.

• Supply Chain Management - Supply chain management analysis evaluates to supply chain activities; maximize vendor performance without compromising on quality. Helps you in notification of bottleneck situations and possible shortcoming.

Other Analysis Areas:

• Price volume mix analysis

• Cost management Installed base tracking

• Warranty analysis

• Factory Operations Analysis

• Quality Performance Analysis

• Shipping Performance

• Product Life Cycle Analysis

• Resource Analysis

Key Performance Indicators For Manufacturing

ElegantJ BI’s Key Performance Indicators (KPIs) support and facilitate attaining vital goals of an organization across all industries, including manufacturing. KPIs are crucial for understanding and improving manufacturing performance. From the lean manufacturing standpoint it eliminates waste, including all activities that do not add value for the customer, and from the corporate standpoint it helps attain strategic goals. ElegantJ BI’s effective KPIs quantify waste, and guides you to where improvement efforts should be focused, thus making it an ideal KPI Software for Manufacturing.

Business Intelligence Advantages

• Integrate with your existing data warehouses.
• Optimise throughput of supply chain operations by monitoring changes in demand and supply and transportation costs, and setting business intelligence alerts for critical events.
• Communicate decisions and promotion schemes instantaneously to distributors, partners and customers.
• Analyse sales and marketing performance by product category, distributors, customers and regions, and take timely corrective measures in weaker areas.
• Complete business intelligence solution to suffice the needs of manufacturing industry like inventory management, finance reports, profitability by product and customers, sales and distributor performance, credit and billing analysis, cost and volume analysis, and so on.

Moreover, with ElegantJ BI balanced scorecard implementation organizations across all industries can achieve continuous improvement through Key Performance Indicators (KPI) enabled process performance monitoring against the set targets - KPI for Manufacturing, KPI for Retail, KPI for Pharmaceuticals, KPI for Healthcare, KPI for Life Science, KPI for Hospitality & Entertainment, KPI for Transportation & Travel, KPI for Oil, Gas & Energy, KPI for Shipping, KPI for Banking, KPI for Finance Services, KPI for Insurance, KPI for Utilities, KPI for Telecom, KPI for Education, KPI for Consumer Packaged Goods and KPI for Government & Public Sectors.