In today’s hyperconnected world and fast-paced market, distribution centers are under a lot of pressure. They have to be responsive to manufacturers’ needs while remaining agile to keep up with fluctuations in demand. On top of that, buyers increasingly expect to be able to track their orders from the moment of purchase until the moment of arrival. It’s not surprising that forward-thinking distribution centers are constantly looking for ways to optimize their operations.
The Value of Big Data
Fortunately, thanks to advances in technology, distribution centers now have the ability to gather vast sets of structured and unstructured data that, when accurately analyzed, can yield invaluable business insights.
Just think of big data in logistics — it can help businesses predict spikes in demand, optimize delivery routes and even manage their workforces more effectively. However, to achieve these kinds of insights, big data must be combined with analytics — and logistics and distribution knowledge. In other words, data by itself isn’t useful — it only becomes a powerful tool when it provides answers to crucial questions asked by knowledgeable professionals.
For someone to effectively leverage data, it all has to be stored in one central location. Many organizations that have yet to undergo digital transformation still store their data in multiple silos, which compromises visibility — and by extension detracts from the business’s ability to make informed decisions.
In contrast, by digitizing their systems, distribution centers can establish a centralized data warehouse for the entire company while at the same time transferring effective business processes to a more streamlined and secure ERP system. With heightened visibility, faster access and improved protection of your data, the results of your analyses become substantially better — which means they’re more accurate and valuable for your entire business.
Integrating Analytics With Your ERP System to Optimize Operations
To make big data actionable, you first need to ask the right questions and then leverage data analytics to answer those questions. What’s interesting to note is that according to experts, leading distribution businesses are over 70 percent more likely to have a system that integrates data analytics with their ERP system.
As a result, they have better visibility into all of their organizations’ processes, which facilitates improved decision-making capabilities about every area of their business. These decisions, in turn, have a positive impact on everything from inventory restocking and filling orders to warehouse maintenance and workforce management — and ultimately boost the bottom line.
Clients First — Your Trusted ERP System Advisor
At Clients First, we’ll help you determine what kind of ERP system is best for your organization. Next, we’ll provide the expertise and support to implement it and integrate it with your data warehouse. As a result, you can streamline and improve both your workflows and your business processes. You’ll also eliminate silos of data and instead have one centralized data warehouse. And last but certainly not least, you can leverage data analytics to provide business intelligence to the decision-makers in your organization.
For more information on how we can help your business, contact us today.