Drive supply chain and manufacturing performance and optimization
Few industries are as competitive as manufacturing and supply chain management. And in today’s market, competing on a global scale is imperative to long term growth and prosperity.
The key to optimizing performance across your organization involves the ability to effectively develop strategies, map benchmarks, develop tactics and most of all, implement all of the aforementioned in a calculated and prioritized manner.
Making intelligent decisions in a timely manner is a critical component of the agility needed to navigate the ever-changing landscape of supply chain management and manufacturing.
The Problem – you don’t have the right information
Despite the need for decisions derived from business insights, many organizations within the manufacturing and supply chain industry simply lack the data necessary to result in the best performance outcomes.
Manufacturing and supply chain data is often segmented, unilateral, one-dimensional, not easily accessible, or readable in a way that affords your team leaders to make the right choices at any given time.
The data that is available is usually unorganized, antiquated (i.e. using ugly, boring formats like Excel or CSV), and often historical / not real time. While historical data can be useful for identifying trends and patterns, it is largely useless for your day to day operations.
If you asked your departmental head how their current performance stacked up on any particular day or hour, what would their response be? Would they have immediate access to the data necessary to accurately provide you with real time insights? How about the ways in which those performance metrics are affected by or affect other upstream or downstream processes or workflows?
And if you had that kind of data, how much benefit could be derived from being able to take immediate action in real time on a daily basis based on the numbers you are seeing come in at any given point in time?
The answer: a lot. In fact, it is this type of data that is driving optimized and lean performance across the top manufacturing and supply chain industries worldwide, closing the gap on competition and driving revenue while solidifying their leadership in the market.
Departmental Reporting – are you measuring what matters?
Manufacturing and supply chain organizations are often complex, ever evolving enterprises. As such, understanding how performance data ties into relevant KPIs is critical to coordinating efforts to drive business initiatives.
Some Channels and KPIs we can monitor include (but are not limited to):
- Production volume
- Operational efficiency
- Production costs
- Defect densities
- Rates of return
- Asset turnover
- Unit production cost
- Return on assets / ROA
- Maintenance costs
- Shipping status
- Inventory management metrics
- Inventory to Sales Ratios
- Units moved per transaction
- Order tracking
- And more…
Information on the above and more can be captured in real or near real time, affording your teams the opportunity to make informed decisions on how to allocate resources and modify operations according to actual performance data.
Further, bringing all this data together within master dashboards can help you cross-correlate the relationships between various processes and workflows and end state KPIs.
Data is beneficial to business, but it’s only as good as the ways in which you can manipulate it to yield actionable insights relevant to your situation.
Our Dashboards can be Modified to Pull Data Based on the Following and More:
- Custom KPIs
- Date and time ranges
- Per product
- Custom parameters
Insights gained from the aforementioned can be utilized to prioritize and allocate resources to those efforts that data tells you needs addressing or that will yield the best performance boost.
Your Business is not One-Dimensional – bringing it all together
Individual departmental focus is still important, but in order to optimize company-wide performance, each department’s objectives need to align with the overall mission.
While communication of company-wide prerogatives is generally part of weekly, monthly or quarterly meetings, most organizations fall short of identifying the ways in which performance data and information from one department (or even individual processes) impacts other departments or processes company-wide.
Performance dashboards can help bridge this gap, bringing in performance data from multiple channels, departments and processes to aid you in deriving sophisticated insights into how each metric impacts the others.
As a growing number of processes and workflows leverage automation, technology and software, data often becomes more segmented and siloed into individual technological solutions.
For example, your inventory management software might have its own reports, while your logistics platform or lean manufacturing technology utilizes another.
Further, your organization likely uses other generic business technologies such as:
- Analytics software
- Social Media Platforms
- Company communication apps
- Payroll systems
- And more…
Without customized business dashboards, the aforementioned applications and software would require that individualized reports be set up, pulled, compiled and exported. Not only is this a time consuming and arduous process, issues with varying formats and parameters leads to a situation in which cross departmental or channel analysis is often difficult, or in many cases, impossible.
Efforts to combine data from these multiple sources generally results in a complicated mess of information that is disconnected from the rest, making it difficult to derive actionable insights that you can actually apply to day to day operations.
The NET result of siloed data is your team’s inability to answer holistic and cross-departmental performance questions that could lead to major performance improvements.
Your Current Data Processes are Inefficient and Costly
Without proper data integrations and dashboards, pulling information from multiple sources, platforms and systems will have your employees wasting hours trying to mash up information for hours on end.
Cutting, copying, pasting and configuring data into old fashioned spreadsheets, Power Point slides and other antiquated mediums will not only result in a chaotic mess….it will be virtually impossible for others to understand in a meaningful way.
- Wasted productivity
- Opportunity cost of time taken away from focusing on business objectives
- Ineffective communication of key information to decision makers
- And more…
By the time any information of value is derived from the above, the moment of opportunity has passed.
BI Dashboards: the paradigm shift you’ve been waiting for
Our customized intelligence dashboards can do it all, bringing together relevant information from operations, to logistics, manufacturing and every department in-between into decipherable central command centers.
Tracking the KPI’s important to your business has never been easier. No longer will you have to rely on segmented, outdated and inaccurate data for making critical business decisions. That affect your bottom line.
Our customized dashboards are made specifically for YOUR business, and designed to help evolve your team’s culture from “reactive” based on old data presented during meetings, to proactive and agile, allowing them the opportunity to fine-tune their processes, workflows and efforts based on tangible information happening NOW, not days or weeks ago. Start today with a holistic reporting system from https://www.radiusbridge.com/.