Power BI for Manufacturing Industry

The manufacturing industry capitalizes on the convergence of big data and operations technology by automating corralling data process and connecting it to KPI-centric dashboards. Power BI is at the center of shaping a resilient future for the manufacturing industry.

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Why Power BI in Manufacturing Industry?

Manufacturing is a multifaceted process involving numerous processes, from raw material to production and storage to supply. Due to the complex nature of the processes in the manufacturing industry, analyzing data for it becomes a tedious and challenging task.

The manufacturing industry already uses big data plus business intelligence tools to enhance its operations and automate processes is a common practice in the manufacturing industry. BI is helping them in many ways to reduce redundancy and minimize the time they otherwise would spend on examining the processes.

Power BI is transforming the manufacturing industry. It helps visualize their business data, monitor overall performance, and make well-informed decisions using critical KPIs derived from multiple data sources in real-time and predictive analytics consulting.

The manufacturing industry generates report metrics like product trends, production volumes, underperforming products, etc., using Power BI dashboards. Besides, integrating Power BI-derived visual metrics with different solutions such as ERP systems enhances the efficiency of the manufacturing industry.

Optimize Operations

The manufacturing industry generates a substantial amount of unprocessed data every day, and to make informed decisions, you need data-driven insights.

Power BI makes it possible to automate the reporting needs of the manufacturing industry. Publish the paginated reports as per requirements, on an hourly, daily, weekly, monthly, or yearly basis.
Manufacturers can easily filter these reports and share the important ones with other departments and leaders from inside the dashboard.
Using Power BI, manufacturing businesses can prepare a range of results like production performance analysis, product trend analysis, comparative analysis for budgeted and actual production volume, sales forecast assessment, maintenance updates, and production tracking.

Enhance Supply Chain Competency

Power BI offers predictive analytics that helps the manufacturing industry to identify patterns and behavior. It enables businesses to take action and improve operations and management.

Power BI offers the flexibility to link inventory data to the suppliers and distributors.
The predictive analytics prelude inventory deficiencies and surplus before it materializes so that suppliers can know about inventory requirements in real-time.
The manufacturing industry can use data intelligently across the value chain to gain a competitive edge. Power BI empowers manufacturers to make informed decisions by analyzing the data from the entire value chain.
Adopting a scalable BI and analytic strategy allows the manufacturing industry to access agile and timely visibility into the product lifecycle for driving flexibility in the fast-paced market.

Efficient Inventory Management

Power BI streamlines inventory and hardware management to overcome the aging inventory issue. It ensures appropriate stocks and materials are always there in the arsenal.

Power BI helps keep track of overall turnover rates, product margins, and defective inventory to minimize inventory costs and time across all locations.
It helps in inventory prediction and predicting production needs in real-time.
Power BI dashboard captures key metrics like deliveries, returned stocks, and stock-outs of the vendor’s side for inventory analysis, thereby playing a substantial role in offering valuable insights into inventory and business processes.
Using Power BI, the manufacturing industry can monitor inventory levels in various warehouses and sales channels using automated reports to give you valuable insights.

Adept Financial Management

Optimal forecasting and planning finances become easier when businesses use Power BI to create different budgeting analysis reports such as production, operations, sales, fulfillment, and finances. It gives a detailed insight into ROI from each stage of the manufacturing process.

Power BI controls the business value more efficiently with a complete analysis of demand and supply.
It empowers businesses to perform a complete cost-benefit analysis to manage production costs using versatile information sources.
It helps in internal cost reductions and external profit building. The detailed finance, budget, and cost analysis reduces losses and elevates profit margins.
Implement better cost and cash management strategies based on Power BI reports by tracking business expenses, sales revenue, cash flow, and liquidity status.

How EPC Group Helps in Reshaping the Manufacturing Industry?

By bringing together, core competencies of Azure Cloud and Power BI, EPC Group helps the manufacturing industry to adopt digital transformation strategies and analytic tools to compete in the market. We motivate manufacturers to leverage advanced analytics capabilities in Power BI to make informed and profitable decisions.

We helped many manufacturing enterprises to ensure their manufacturing operations are running efficiently and seamlessly.
The user-friendly, real-time dashboards, data visualization, and analysis tools maximize productivity and flexibility across all manufacturing processes.
We help the manufacturing industry with predictive maintenance and diagnostic models aimed at decreasing costs and increasing the health of the assets.
We assist in creating Power BI dashboards and reports for sales, marketing, and finance departments to get insightful answers to their questions leading to maximum sales profitability and business efficiency.