How to Improve Production through Business Intelligence Software
by Christian Ofori-Boateng on Jun 16, 2017 8:18:00 AM
Business intelligence software won’t do your work for you, but it can help you get things done far more efficiently. Handling production lines is a complicated job that affords no room for error. Even guessing the amount of future demand could make or break a business. Business intelligence simplifies those complications, turns emergencies into manageable incidents, and gives decision makers an advanced understanding of developing market trends.
Identify and Track Flaws
A key issue for any production industry is a flawed product. Due to the complicated nature of multi-stage construction, international shipping, and multiple vendor contracts, figuring out how and where the problem originated is a challenge. Even though individual products always feature several tracking numbers to simplify the process, investigators still have a lot of data to sort through. BI Software does the legwork. The software can examine all the details and variables that went into a faulty product in a fraction of the time a human employee could sort through the files. That leaves the business more time to assess the situation, search for other defects, and initiate a recall if necessary. In a business world where speed is everything, business intelligence software is a life saver.
Rapidly Analyze Solutions
Once you’ve found a problem, you can begin looking at the most cost-effective BI solutions. A recall may be necessary, but how widespread should that recall be? Your tracking data will already be on hand, thanks to your earlier report. Figuring out which stores in which states need a recall allows for minimal loss of revenue.
With the detailed reports provided by BI Software, you can track problems back to a specific vendor, machine, or employee. If there has been a similar issue in the past, you can analyze what measures were taken and how effective they were, and you can do it before the current situation escalates. Such reports inform decision makers of potential fallout and the likely results of a particular course of action.
Production depends on demand. Reacting to a sharp increase in demand leads to lost opportunities, stressed employees, and increased risk of on-site injuries. It’s safer and far more profitable, to anticipate these demand peaks in order to recruit or dismiss temporary employees as needed. The advance notice provided by BI Software helps with more than just manpower, however. It takes time for product shipments to arrive, and you can only keep up with sudden shifts in demand if you predicted the trend. Business intelligence software excels in this area, and since it’s easy to run regular reports, you can stay updated on the latest shifts in the market.
It may not be possible to tell the future, but business intelligence software helps many businesses anticipate production needs. The same software addresses the cause and solution for major problems, and it does it all faster than any human employee ever could. Best of all, these points are only a few of the ways BI software can improve production.