[mk_fancy_title tag_name=”h1″ style=”false” color=”#393836″ size=”28″ font_weight=”300″ margin_top=”20″ margin_bottom=”10″ font_style=”normal” txt_transform=”uppercase” font_family=”none” align=”center”]How BI can change the way you think about manufacturing [/mk_fancy_title]
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BI is becoming more and more popular amongst manufacturers. Software that can change the way people think about manufacturing. But what is it?

[mk_fancy_title tag_name=”h3″ style=”false” color=”#393836″ size=”24″ font_weight=”300″ margin_top=”20″ margin_bottom=”10″ font_style=”normal” txt_transform=”uppercase” font_family=”none” align=”left”]What is Business Intelligence (BI)?[/mk_fancy_title]

Business Intelligence is software that gathers, organises and analyses information from all levels of an organisation. Therefore, it can analyse data across the supply chain from orders and materials to production processes. It allows business leaders within a manufacturing business to make informed decisions. In other words, decisions based on market demands, sales and strategy development, earnings/forecasting and more.

[mk_fancy_title tag_name=”h3″ style=”false” color=”#393836″ size=”24″ font_weight=”300″ margin_top=”20″ margin_bottom=”10″ font_style=”normal” txt_transform=”uppercase” font_family=”none” align=”left”]4 steps to implementing BI[/mk_fancy_title]

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  • Prepare Data – Define, measure and assess its value to the business
  • Store Data – Create a database from which all data can be stored and related to one another
  • Clean Data – Focus on data quality processes and technologies to ensure accurate data is displayed by BI software
  • Analyse Data – Identify potential pitfalls. Furthermore, decide which data should be shown in dashboards etc.

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Additionally, the BI system must be able to adjust to changing data and new business requirements.

[mk_fancy_title tag_name=”h3″ style=”false” color=”#393836″ size=”24″ font_weight=”300″ margin_top=”20″ margin_bottom=”10″ font_style=”normal” txt_transform=”uppercase” font_family=”none” align=”left”]The Benefits of BI[/mk_fancy_title]

Business Intelligence software can provide many benefits to manufacturers and businesses alike. For instance, if a business can correctly implement this software into their processes, they will see increased efficiency across their manufacturing process.

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Further developments have been made within Business Intelligence. In particular, the development of manufacturing intelligence (MI) and operational performance management (OPM). These pieces of software apply actionable metrics to processes in manufacturing.

In addition, MI and OPM can transform raw data from a variety of sources into manageable information. Specifically, they package data into delivery methods highlighting key performance indicators (KPIs). Besides, a BI user must be able to view information in context in order to make informed decisions quickly.

Furthermore, BI can provide visibility leverage. For example, BI can make clearer a business’ asset utilisation. As a matter of fact, it can uncover causes of quality problems and ensure consistency across production lines.