Business Intelligence Implement the right manufacturing data management tools and best practices to boost actionable analytics for manufacturing excellence. Installing the building blocks for enterprise data volumes will grow This large and constantly manufacturing business intelligence 650% in the next five years. updated flow of data can create (BI) can feel like a lot of heavy lifting. severe data consolidation and After all, components such as Data volumes arent the only issue. synchronisation headaches. master data management (MDM) Its also waves of information coming Fortunately, theres a payo for systems and enterprise data from a variety of sources. Were the pain when this foundation warehouses represent some of the seeing the convergence of the supports timely forecasts that most expensive and complex IT physical, the digital and the are based on the latest projects many organisations information supply chains. Along information from supply chains undertake. with all the traditional sources, such and the marketplace. And that as ERP systems, there is point of can be the key to attaining the All this up-front data management sale [POS], remote monitoring of elusive data-driven supply chain work is required because equipment and now even social and realising the promise of manufacturers are swimming in ever media are converging. Manufacturerslower inventory costs, increased larger volumes of highly detailed that respond to these technological sales and a sharper competitive data, and thats not going to change. convergence with eective analytical edge for capitalising on new Research firm Gartner Inc. tools will lead the pack in the future. opportunities.
(Stamford, Conn.) estimates that
DEMAND SIGNAL REPOSITORIES These are the key set of technology that are made for demand-sensing using key business indicators. The key is fine tuning the the whole analytic eort not only to collect relevant data but to integrate it with analytic systems for an insight into the data. So much stress needs to be provided in this area for the final integrated system to add value to the organisation.
UNDERSTANDING THE DEMAND SIGNAL REPOSITORIES THE EVOLVING ROLE
The key is fine-tuning data management systems so they not only collect relevant OF SUPPLY SIGNALS data, they consolidate and integrate it for analytics systems. The demand side of While demand-side analytics the supply chain planning equation has traditionally received the most attention. grab a lot of attention, analysts After all, its a highly volatile area that in recent years has seen a variety of options warn that focusing entirely on for collecting POS data and establishing demand-signal repositories (DSRs) to demand may blind standardise and manage the relevant data. DSRs are a variation of data manufacturers to other warehouses for organising large volumes of information, including store- and SKU-level records, and integrating everything into a coherent whole that important elements of supply accommodates analytical applications. chain analytics. A better strategy DSRs create a foundation for demand-sensing software that flags key business is to also look closely at supply indicators, such as inventory levels, stock-outs and spikes in buying patterns that signals. There has been a lot of presage an emerging sales trend. DSRs, along with good MDM practices and the interest in the demand-driven right analytics, can result in significant reductions in inventory costs through better supply chain, but supply can be inventory turns. The combination also aids sales and marketing managers with the just as volatile in some markets. information they need to evaluate the success of promotions and other demand- This points to uncertainties in shaping activities. the high-tech industry resulting In the future, DSRs available as Software as a Service (SaaS) solutions could from recent supply chain increasingly help jumpstart the data management and consolidation eorts disruptions in Japan. associated with supply chain number crunching, especially for smaller, resource- constrained manufacturers.
The importance here is the
understanding the correlation of the leading indicators that correlate perfectly to the plant for the eective decision making and optimising the production and lowering the cost and increased eciency. The good news is that integrating supply data doesnt Gartner calls this a game changer. It fundamentally require fundamentally dierent technology than transforms the supply chain management model that whats used for demand data. Its all about having a was based on aggregate information, averages and data repository, so it doesnt matter if its demand, generalised models into a tailored response based supply or operational data. on the unique characteristics of customers, products or suppliers, the report said. Modern data warehouses can use logic for detecting data inaccuracies, including information thats not in the right form or numbers that are out of the logical range that is expected for a specific category. Added to that are embedded analytics, which enable companies to slice and dice data without having to send it out of the repository to a separate BI system.
Eliminating this step when dealing with extremely
large data sets not only saves time, it reduces the drain on the networking infrastructure.
Manufacturers are using supply data in more
sophisticated ways, such as attempting to anticipate the future. For example, the maturing discipline of predictive analytics can combine statistics, artificial intelligence and data management to help a firm navigate unexpected supply shortages, Gartner said in a new report, Next-Generation Supply Chain Predictive Analytics: A Cornerstone to Demand- Driven Value Networks. By analysing each customers tolerance for late shipments, the company can then decide who to serve first and who will more easily deal with delays. ABOUT JD SOFT JD SOFT is a global IT and data consulting and technology services company, with more than 125 people serving clients in 5 continents. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the worlds successful companies, JD SOFT collaborates with clients to help them become high performance business in the face of competition. To know more about JD SOFT please visit www.jdsoft.in