"Increasing the speed of decision-making is a manufacturing priority, with the emphasis on real-time data and transaction-based analysis, not historical reports."
In an Forging article headlined 'Can ERP Really Guide You to Better Decision-Making?,' Infor industry strategy director Mark Humphlett lays out "the top 10 ways ERP solutions help personnel achieve the high standards of decision-making abilities manufacturers now expect."
Here are excerpts:
"Machines becoming self-aware and taking over the world is one of the most popular science fiction plots of movies and books. Whether it is Hal, the omniscient computer on Stanley Kubrick's "2001: A Space Odyssey" or IBM's super computer Watson, which competed (and won) on "Jeopardy!," the prospect of thinking machines has intrigued us for decades. For professionals in the IT industry, the imminent role of artificial intelligence and automated intelligence on business processes is more fact than fiction. Understanding how modern enterprise resource planning (ERP) can be used to guide decision-making is the first step in the evolution of Big Data into Big Decisions for manufacturing. …
"Informed decision-making has long been one benefit of end-to-end solutions. By providing enterprise-wide visibility, users can be confident they are making operational decisions based on accurate data - and the same data that all personnel reference, no matter where in the organizational chart they sit. …
Top 10 ways ERP solutions help decision-making
1. Relevant content
2. Deep dives
3. Event triggers
4. Escalation alerts
5. Predicting consequences
6. Prescribed workflows
7. Automating decisions
8. Knowledge base of resources
9. Rules-based tools
10. Leverage human insights
Read the complete article to learn how "manufacturers can use these 10 points to evaluate how well their current system is supporting decision-making and what they can do to improve."