Systems don’t talk to systems and hence, manufacturers miss opportunities.

Business Intelligence is Rife with Opportunities for Financial Services

Feb 09 2016

Manufacturing

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Achieving success in business in this increasingly competitive economy is the aim of almost every organisation. To achieve this, it is important to make the right information available to the right person at the right time. This rules out the possibility of a slow work process, duplicate information and saves cost.

Every manufacturer uses a number of software to run the business; it becomes hasty to maintain and manage data from so many systems individually, this increases the risk of losing potential data. Every solution, whether ERP, MRP, CRM or any other system was previously integrated with ETL tools to solve issues regarding overlapping data. ETL tools is an easy way to Extract, Transform and Load data into central data warehouses, but unfortunately, this  has proven to be a failure on several forefronts.

Hence, there is a need for one centralized database management system to ease the communication and avoid data failure.

Why do systems need to talk to systems?

As the size of the organization grows and the business expands, a number of manufacturing locations are acquired and the data management gets difficult. Meanwhile, often a lot of important data is lost due to improper communication between the systems, a centralized tool is required to manage the data. Let’s understand better with help of this example, a French manufacturing company acquires a location for manufacturing in Germany, the products in France and Germany use the same raw material and say the same raw material provider is supplying raw materials to Germany too, it is very crucial to establish a proper communication channel as the manufacturer might be losing some cost saving opportunities. With the help of efficient data communication, this information can be used to gain discounts and earn big savings for the organisation.

Interconnected data also facilitates the user to update information or add events that can be viewed by every other system connected to the main processing unit. For example: If the headquarters is in France, with the help of connected systems, customer/dealer details of the factory in Germany can be easily accessed and duplication of data can be avoided.

Manufacturing industry will be highly benefitted by concentrating the sources of data for data availability, integration and cross-indexing. It gives an opportunity to discover newer opportunities and give highly reliable data; speedy access to reliable data will multiply the results and minimise errors.

Here are a few benefits of a centralised Database management system:

  • Data Integrity
  • Availability of all historic data
  • Ease of training
  • Lower communication costs
  • Reliable data interpretation and analysis
  • Time saving

Integration of Centralized Database Management System suggests increased measures for manufacturing quality. Improved communication between the systems enables manufactures to grab opportunities, get integrated data solutions, have a better view of upcoming events and take advantage of data-driven strategies for growth with the help of advance analytics and business intelligence. Hence, systems in an organisation must talk to each other for being ultra-productive.



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