Why Your Manufacturing or Distribution Operation Needs Intelligent Solutions
Uncovering the Benefits of Business Intelligence in Warehouse Management Technology
In order to run your warehouse well, you need to have distinct knowledge about your operations and the activities occurring in your warehouse. From forecasting to inventory management and order fulfillment, the more you know, the better you can perform. To put it simply, business intelligence is vital to your manufacturing or distribution operation.
You know how to use business intelligence to uncover important trends in your business financial or customer information, but did you know you can use it to improve the management of your manufacturing or distribution operation? Intelligent warehouse management makes a difference in how you position yourself in the global marketplace and gives you a leg up over the competition. But how are manufacturers and distributors supposed to access the information they need to run their business well? With so many technologies and solutions out there, it can be easy to get overwhelmed. Our advice? Choose warehouse management technology with built-in, intuitive business intelligence.
What is Business Intelligence, and How Does it Relate to Manufacturing and Warehouse Management?
To put it simply, business intelligence is a set of tools and techniques that are built into a software solution in order to help a business to make sense of raw data. Business intelligence essentially turns meaningless data and information into something meaningful and useful that can be used for business analysis purposes. Manufacturers and distributors can use the information gleaned from business intelligence tools to make better decisions and improve the management of their operations. From dashboards to in-depth, real-time reports, business intelligence adds immense value to operations that desperately need intelligence to succeed.
In the case of manufacturing and warehouse management, business intelligence can answer the most basic and complex questions about receiving, shipping, production, labor and order fulfillment. Manufacturers and distributors who use intelligent software and technologies are able to find the answers they need quickly so they can create the best strategy for their business. Without access to this type of data in real-time, however, manufacturers and distributors risk falling behind the competition and losing efficiency in their operation.
The Benefits of Intelligent Manufacturing and Warehouse Management Technology
Business intelligence adds substantial value to the warehouse and manufacturing environment and can make the difference between a successful and unsuccessful operation. Here are three reasons your company should be using intelligent manufacturing and warehouse management products:
- More accurate forecasting.
While no application can predict the future, intelligent manufacturing and warehouse management solutions can you prepare for the most likely business reality. Business intelligence creates more accurate forecasts through the use of algorithms applied to historical data, allowing you to prepare in advanced for changes in inventory and sales.
- Improved decision-making.
The warehouse is a fast-paced environment, and you need to be able to make decisions quickly. With intelligent WMS, managers can obtain the information they need in real-time and even share reports with other key decision-makers instantly via the Cloud. Waiting around to get the information you need to make decisions is a thing of the past with intelligent tools.
- Streamlined operations.
With detailed insight and knowledge about your operation, you can easily determine where you need to make changes to streamline operations. Business intelligence highlights problem areas in your operation and analyzes the effect of each issue.
ONE is built for the intelligent warehouse and manufacturing operation. This means that the software is designed with the highest quality of business intelligence around. Users can configure dashboards to their own data preferences, pull real-time reports on any area of the operation, and check-in on productivity rates and labor costs. To learn more about our intelligent warehouse management and manufacturing technology, contact us today.