Dual Benefits – ERP with Predictive analysis

Dual Benefits – ERP with Predictive analysis

The case of auguring analytics and ERP

Manufacturing industry has been growing at a rate that couldn’t have been imagined a decade from now. With industry booming, the demands to keep up to a certain level of standard also follows.

Auguring analytics or otherwise also understood as “Predictive Analysis” has now become a necessity rather than an option for the industry. Most ERP Software’s are capable of providing a close to perfect compilation of data in a manner where you are able to predict future costs, develop strategies for ahead with auguring analytics, However most manufacturers are not taking advantage of the tool mainly due to lack of awareness.

Data within an ERP system is bundled and presented in real-time, with combination of data from right fields with extant data can present useful analytics that can be create a reflection of company efficiency, areas that need focus etc.

• Linking Big data and ERP systems.

The vault of all data within the organization is generally the ERP system, with all the data in the cloud every employee from higher up management to ground staff can all tap into the database and use the information to identify opportunities , build new connections, work more efficiently etc.

By integrating entire data sets instead of inspect each individually this allow big data to identify patterns within the data which can help the organization use the same to their benefit, helping them identify better opportunities, make decisions faster and much more.

Many ask what qualifies for “Big data” when talking about a “company”.

Everything, from social media analytics from the marketing team to call records from the sales staff to every interaction with clients and customers can qualify to be big data.

With Big data being utilized optimally the organization can gain better insights and stronger decision making capability. 

• Elimination of downtime and maintenance complications

This one is rather an obvious one, regardless a pivotal factor.

With predictive analysis your downtime and maintenance can be efficiently moderated. With readings of previous pattern ERP systems can generally identify when your machinery might need a maintenance which allows you to fix the issue ahead of the time to avoid any downtime.

The goes a long way in improving your productivity as it allows for you to allot your employees elsewhere on the day of maintenance since you’d know when to schedule it ahead of time and also saves you from burning a hole in your pocket.  

• Predictive analysis and ERP – Dual benefits 

With automation and AI like capabilities being implemented into ERP systems manufacturing industry is being pushed a notch up with every upgrade, productions are now smoothers, inventory management have become seamless, human errors are a thing of the past with automation handling it with little to no issues.

Predictive analysis an addition that can now calculate and make a prediction based on patterns drawn from your business history allows you to operate at your optimal while reducing any unforeseen risks at the same time.

With the technology manufacturers can tap into more than just their business, with a history of data they also have the ability to understand the market, customer behaviour, buying patterns and much more to align their supply with precisely how the customer expects it to be.