Business Intelligence generates data, analyzes and reports to provide insights to improve business performance based on benchmarks. It also helps in making operational and strategic decisions. Manufacturers benefit from its analytics, big data, machine learning, and artificial intelligence to gather vast amounts of information. It helps increase flexibility and visibility to reach business milestones by providing the data needed to make complex decisions.
It’s difficult to gather information and make decisions quickly when the data is spread among several programs. Manufacturers need to centralize information in order to track performance in every department and make decisions that are good for the business. Decentralized data management might seem appropriate because each department has its own challenges and areas of opportunity, but it makes a shop owner’s job harder when making company-wide decisions.
Paul Van Metre, Adion-Systems co-founder and vice president of sales, said, “ProShop represents ERP 4.0 or perhaps a Digital Manufacturing Ecosystem. It is a completely paperless, 100% electronic method of managing a facility’s business including shop floor monitoring, part quality inspection, work instructions and tool management, and doing it with a big data, manufacturing-analytics approach.” According to Van Metre, most conventional ERP systems are accounting-based with minimal functionality for managing and controlling the shop floor environment.
On the other hand, systems focused on manufacturing monitoring do not provide the full scope of information needed to guide optimal business strategies. Especially when decentralized systems generate isolated information that doesn’t cover the whole process. A change in a single department impacts others, thus affecting the quality, cost and time of production.
Isolated information isn’t enough for manufacturers in industries like aerospace and medical that require strict regulatory compliance like ISO and AS. Enterprise software systems help them operate at organizational levels. Reports, graphics, and parameters contain information about the whole process and not only about the performance of a single department.