How to efficiently manage analytics processes in your Manufacturing Business? Learn how Power BI can help you increase calculations efficiency while saving time for you and your employees.
Power BI for Manufacturing analytics help quickly and significantly improve production efficiency. Analytics systems such as Power BI help to significantly shorten the manufacturing processes analysis span.
In addition, with Power BI you can control all stages of production, thus ensuring a smooth production process. It is based on integrated artificial intelligence and a “no-code/low-code” user environment. You can gain detailed, actionable insights to improve manufacturing processes based on real-time analyzed performance metrics.
Let’s learn about common production problems and how Power BI can help solve them:
Production efficiency. Monitor the effectiveness of manufacturing operations in terms of timeliness, quality and cost. Identify bottlenecks in production processes in time. Solve emerging problems before they become serious problems for customers. Find out if your organization is capable of producing the right amount of goods on time and at full volume.
Production load. Monitor and analyze production demand forecasts based on historical data analysis. Anticipate increased workloads, and properly plan your production, stock/inventory balances and supply chain. Prevent your performance metrics from being negatively impacted by the increased demand.
Complex sources of information (PLC). Perform diagonal buffer analysis using data from different reference data sources. Use artificial intelligence insights and get valuable tips for optimizing problem areas with insights. Conveniently and clearly track the execution delay of a large number of orders in one chart.
Return of investment. With the help of Power BI, you can analyze indicators of different departments, such as profit and loss, sales, inventory, assets, etc. Create detailed reports on the departmental and/or individual activity ROI. Get a complete cost-benefit analysis and discover new ways to generate revenue and save costs.
Production output. Monitor the entire production process in one interactive window, in real time, from any device. From product order submission, production and output to the analysis of all processes. Clearly and objectively observe production processes, their efficiency and the yield of consumed raw materials.
New customers. Have a better cognition of your new customers. See clearly and more objectively evaluate the efforts of employees in finding new customers. Improve the performance of advertising campaigns, react quickly to changes in the competitive environment and the effectiveness of each channel. Analyze consumer behavior with advanced analytics powered by service, sales and marketing data. Trust the data analysis to the Power BI and devote your free time to testing new advertising strategies.
Technological progress. Evaluate the profitability of investments in new technological solutions with objective and clearly measurable indicators. Clearly observe how new technologies make your processes more efficient and increase your competitiveness in the market.
Employees’ work efficiency. Analyze production processes and accurately assess the efficiency of both the whole company and individual employees. Set accurate KPIs for your teams and individual employees. Perform a plan-to-fact analysis for a department, employee, or period. Prepare product release plan for each department separately in the multi-level production. Use objective dashboard indicators to optimize the time of daily, weekly and monthly meetings. Enable a bottom-up decision-making pyramid.
With Power BI for Manufacturing, data analytics has become more convenient and efficient. Now you can centralize data from various sources and get a comprehensive overview of all production processes in one window, from any device.
Centralized reports will allow you to react quickly to changes, predict risks affecting production, analyze the result of each decision made, and evaluate the efficiency of individual production units.
About us: GO-ERP is an experienced Microsoft Dynamics 365 ERP applications implementation partner.
We have gained over 20 years of experience. Thus, we clearly know what, why and how we do it. We are well versed in manufacturing, supply chain and automation processes.
Contact us and we will not only offer the best solution for your business, but also take care of the Power BI integration with the systems you currently use.
More to that, we will enable your management team to take care of their departments’ data analytics themselves.