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Mar 14 2013

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10 Ways to Engage in Better Decision Making

Every enterprise is at a different point in developing their process for converting data to information and leveraging intelligence to develop insights. Based on recent market studies, in person interviews and my perspective of the industry, it is clear that significant opportunities await those who better align and integrate manufacturing and business intelligence systems. Those electing to make this investment will most likely be rewarded with improved operational and financial performance, allowing them to differentiate from competitors.

However, it does take effort, investment and the courage to move along your intelligence lifecycle, in order to reap the rewards of your efforts. What is most important is to have the vision of where you want to be in the end, which can then provide the direction on where to proceed. Regardless of where you are in your company’s evolution, here are ten ways to help achieve progress along your lifecycle and engage in better decision making:

 

  1. Evaluate and renew your business processes holistically, on an end-to-end basis, so as to support more intelligent decisions and improvement
  2. Automate data collection and cleansing through plants and enterprise
  3. Implement global manufacturing intelligence, and consider implementing it as an embedded component of an enterprise Manufacturing Execution System (MES) or Manufacturing Operations Management (MOM) solution
  4. Expand your operations management capabilities to be more global in nature, to support process improvement and quick action across more functions and locations including partners and suppliers
  5. Ask production & other line of business teams what decision support they most need to succeed, and then begin to add this capability to your existing MI / BI systems
  6. Craft information flow so MI feeds “cleanly” and quickly into BI
  7. Consider what self-service reporting capabilities you could provide directly to end users to empower them with better intelligence
  8. Leverage mobility, social, and cloud technologies to make data capture and intelligence distribution more efficient
  9. Create collaboration opportunities based on integrated MI/BI data
  10. Renew business processes and support them with your software to fully leverage the power of business insights

The benefits can be big for those who can successfully align and integrate their manufacturing and business intelligence systems. Those with granular, actionable insights into their current situation will be the winners. They will learn and benefit from these insights. As leading manufacturers embrace this strategy, they are raising the bar with customers, shareholders and employees, creating a viable business strategy for sustained competitive advantage.

The critical question to ask is, what path will you follow and what will be your next step?

Permanent link to this article: http://www.apriso.com/blog/2013/03/10-ways-to-engage-in-better-decision-making/

5 comments

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  1. Bruce MacKender

    Michael,

    Thank you for posting Julie’s article. It is a good bulleted list of “common sense” actionable items, that is perhaps not that common. We often overlook the obvious, so checklists are a great way to help us find our way.

    Best Regards…….. Bruce

  2. Michael

    This is a great topic. Thanks for bringing it to the forum. The comments made are spot on. It is apparent that companies drown In data that was, at some point, designated for purposeful use. However never spans its life cycle to actual information due to the lack of clear direction. More and more ERP’s advertise the “promise land” results; but without the much needed value stream mapping, only create reports that fall short in the “D” or “C” part of the DMAIC process. Your 10 step process offers a very good thought process toward data utilization toward true information gathering and interpretation. Thanks.

  3. Jared

    I agree with John and David. Businesses are failing to harness the power of updated technologies and systems to boost productivity, encourage communication and improve overall operations. More manufacturing corporations should be following this checklist.

  4. David Bueford

    It always amazes me that major corporations rarely leverage the simple technologies available today. ERP systems typically are nothing more than a compilation of patchwork of old technology from the eighties. Work instructions rather than being interactive or at least in a YouTube style format remain simple one dimensional photos with carefully worded text, no one wants to read. Business reports are so vague that they must be exported to a spreadsheet then manipulated. Quick action happens with fast access to information (as opposed to data). Not leveraging information technology is like driving a car in the rain with faulty wipers.

    1. John Grey

      You’re not wrong David, it seems the majority of modern businesses that have been setup pre-millenium and in some cases later all have failed to adopt the latest technologies and systems that make almost every aspect of the day to day running and operations of a company so much more efficient.

      These results aren’t just seen in the final output of the company but also the working environment (if it has moved with the times) will also be remarkably more effective and staff on average will garner even better individual results. Why? Because there job has not only been made more enjoyable but its process, that much more efficient.

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