The old saying “knowledge is power” has never been more true than in today’s business world. There is so much information out there, and so…
To be a food or beverage manufacturer is to face enormous amounts of risk. These are highly regulated industries in which the slightest mistake could…
“I just spent the last three days building a report for the boss on the accept / reject rates at each inspection point. I got an order list from sales. I found paper reports on the inspections. I put it all together in a spreadsheet with beautiful colors and formatting. It was a lot of work and I am proud of the report.”
“That sounds great. Why the glum look?”
“The boss wants even more details. In addition, this report needs to be ready at the end of every month. I cannot spend that much time. I need a better way to publish this report.”
When defining its Business Intelligence (BI) strategy, an organization can take three different approaches, depending on which fits its needs. First, an organization can simply use the out-of-the-box (OOTB) tools that come “for free” with their ERP system. Other businesses may find that they need a third-party BI solution to get the results they are looking for from their BI initiative. Finally, organizations needing a more robust BI system can build their own custom solution.
Business Intelligence (BI) continues to be one of the hottest topics in the industry. Whatever the aspirations, big or small, the path to a successful BI implementation must be followed with care at every stage. Most important, obvious yet often overlooked, is getting a very clear picture of the ultimate goal of the BI initiative. It’s easy to get caught up in the BI buzz and feel driven to implement something yesterday, which can lead an organization into buying a software package before knowing what it is trying to accomplish.
Business Intelligence includes collecting and organizing data from your ERP system to make insightful business decisions. These days, every ERP solution collects and stores a massive amount of data, but if that data cannot be accessed by people in intelligent ways, then the power of the information is limited. So how do the decision makers get the information they need? Reports generated from the ERP database present information in a manner that makes the most sense to the business user.
Decision making requires that we recognize a need, analyze appropriate data, and select the best alternative and take the right action. There is psychology in action here. The right action for one business will be the wrong action elsewhere. The people who will need to take action must be comfortable taking suggestions from a machine. They also must be confident that the rules we set up in the machine are almost always the right action to take. And users should understand where the suggestion might not be best.
Microsoft Dynamics AX 2012 provides a flexible pre-built business intelligence (BI) solution for mid-market organizations. The use of built-in contentâ€”including Role Centers, analytic reports, and…