Data continues to be the non-negotiable ingredient to decision-making, maybe especially for manufacturing and distribution companies trying to stay on track to achieve their goals. With data growing in amount and importance, data warehouses are tangentially relevant in today’s business world. If you’re anything like me, you have questions that sound a lot like who, what, when, where, why, and how – all related to data warehouses. Who can manage a data warehouse? What do they compare to / resemble? When should a manufacturing and/or distribution company implement one? Where are they hosted? Why not an OLAP cube instead of a data warehouse? How do we configure a data warehouse? As a manufacturing or distribution Sage X3 user, you probably have one or more of these questions. In this article, I’ll go about answering some of the frequent questions, so you can understand data warehousing as a solution and decide how to best meet your data management goals with Sage X3.
It doesn’t matter if you’re crafting a budget, a forecast, or a what-if analysis for your corporation – they all require actual historical figures and projected numbers, so you can strategize effectively for management of your manufacturing or distribution business, overcoming hurdles and maximizing opportunities in the next period. There are plenty of solutions that can help manufacturing and distribution organizations relying on Dynamics AX to upgrade their planning tasks, whether you decide to design your own procedure, depend on built-in Dynamics AX functionality, or go with a third party tool. This article will explore some of your top options for modern budgeting, forecasting, and modeling particularly to meet your manufacturing or distribution planning goals with Microsoft Dynamics AX.
Regardless of whether it is a budget, a forecast, or a what-if scenario you are putting together for your company, you will need actual historical numbers and projections, so you can plan effectively for managing your manufacturing or distribution company, meeting challenges and seizing opportunities in the coming period. There are several software choices that can aid manufacturing and distribution companies using the Sage X3 ERP system in taking their budgeting to the next level, whether you choose to design your own process, rely on native Sage X3 functionality or select an independent software vendor (ISV) tool. This article will discuss some of the premier options for today’s budgeting, forecasting, and modeling specifically to meet your manufacturing or distribution planning needs with Sage X3.
In the modern business culture, Business Intelligence (BI) analytics are becoming the way of translating significant company information into impactful decision-making for your company’s future. That said, I would bet that a lot of professionals, regardless of how well-versed in BI processes they are, find the marketplace financial reporting options overwhelming, if not confusing, regarding how they can apply functionality in the direction of industry-specific analytical needs. I recently spoke with an accountant for a manufacturing company, and we talked about how vague product marketing can be for achieving goals that are particular to her manufacturing analyses. With that in mind, this article will talk about what you should know and what you need from today’s financial reporting products to improve your Sage X3 experience, specifically zooming in on manufacturing and distribution data management and analysis.
Software Advice, a comparison site for Business Intelligence (BI) solutions, has reported that dashboards are a top sell in the BI software marketplace. They conducted a study on technology for CFOs, and the results pinpointed that data visualization tools are at the top of the list of priorities for today’s executives. If you’re responsible for management of a manufacturing and distribution company, you are very aware of the fast pace of business today. Dashboards provide easily digestible and quickly accessible analytics. Moreover, data visualizations are graphs, charts, and scorecards that showcase data trends, opportunities, and successes with key performance indicators (KPIs) for projects, divisions, and/or the whole organization.
According to Software Advice, a comparison site for Business Intelligence (BI) tools, dashboards are king in the BI technology marketplace. Their study focused on technology for CFOs, and results indicated that dashboards, scorecards, and performance management software are the number one priority for executives today. If you are managing a manufacturing and distribution organization, you know how fast-paced business can be. Dashboards offer easy-to-understand, quickly digestible analyses. More specifically, dashboards range from graphs and charts to scorecards, illustrating data trends, success, and challenges with key performance indicators (KPIs) for projects, departments, and/or the whole company.
In today’s business world, it is becoming pretty clear that Business Intelligence (BI) analytics are the modern way of turning important company data into rich decision-making for the future of the company. However, I wonder how many professionals, new to or familiar with BI processes, have found the commercial solutions a little vague or confusing in terms of applying functionality to industry-specific data management and analyses. I recently had the opportunity to talk to an accountant in the manufacturing sector, and we discussed the confusion associated with shopping around for a product that can meet the needs and goals of her manufacturing organization. Thus, this article will discuss the top features and functions you should know about in modern reporting and budgeting software, and I will then explore the important ways to manage and analyze your data as a manufacturing company.
While “Financial Reporting” often used to be synonymous with financial statements such as Profit & Loss reports, Balance Sheets, Cash Flow statements and consolidated reports, these days companies are using dual purpose tools like BI360 to also handle their operational reporting.
A quickly increasing number of BI360 users are developing operational reports such as:
– Reports help them manage inventories with details about standard cost, quantities and physical value.
– That shows purchase orders versus requisitions with related information about delivery dates, unit price, quantity ordered, purchase price and purchase quantity.
– Production orders with trend charts that quantities items ordered by date.
– Work-in-progress reports (WIP), quantity per order, how much of an order has been started and the WIP amount.
The above types of reports are particularly popular amongst Microsoft Dynamics AX customers because a good number of them are in manufacturing or related industries.
We also see more customers deploy the BI360 data warehouse in order to combine their ERP data with other operational data sources. Examples of these are healthcare providers that combine financial data with payroll and patient data to produce reports or dashboards that show average cost per patient day, statistical trends like Average Length of Stay (ALOS), etc.
As companies go operational with their reporting and the business users that truly understand the information needs of the business are able to design the reports, the result if often high value reports that earlier where non-existent or that had to be pieced together manually in spreadsheets.