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Domo
Domo
Domo puts data to work for everyone so they can multiply their impact on the business. Our cloud-native data experience platform goes beyond traditional business intelligence and analytics, making data visible and actionable with ...Read more about Domo
Grow
Grow
Grow is a cloud-based, business analytics and reporting solution suitable for small to midsize organizations. The solution allows users to create customizable dashboards for monitoring business workflows and key activities. Grow...Read more about Grow
SplashBI
SplashBI
SplashBI is a cloud-based business analytics platform that provides pre-built insights to help businesses make data-driven decisions. The platform offers a wide range of analytics solutions, including people analytics, sales analy...Read more about SplashBI
ActivTrak
ActivTrak
ActivTrak helps companies unlock productivity potential. Our award-winning workforce analytics and productivity management software provides expert insights that empower people, optimize processes, and maximize technology. Addit...Read more about ActivTrak
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Talk with us for a free
15-minute consultationSoftware Advice is free because vendors pay us when they receive sales opportunities.
This allows us to provide comprehensive software lists and an advisor service at no cost to you.
This allows us to provide comprehensive software lists and an advisor service at no cost to you.
Tell us more about your business and an advisor will reach out with a list of software recommendations customized for your specific needs.
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Google Analytics 360
Google Analytics 360
Google Analytics 360 is an enterprise-level analytics platform with in-depth performance indicators, such as ROI analysis reports. The app's primary function is to provide insights into customer behavior interactions with websites...Read more about Google Analytics 360
Tableau
Tableau
Tableau is an integrated business intelligence (BI) and analytics solution that helps to analyze key business data and generate meaningful insights. The solution helps businesses to collect data from multiple source points such as...Read more about Tableau
Microsoft SQL Server
Microsoft SQL Server
Microsoft SQL Server Business Intelligence (BI) Edition is a database management and BI software solution designed for companies of all sizes. The system offers relational database management, which allows users to access enterpri...Read more about Microsoft SQL Server
Microsoft Power BI
Microsoft Power BI
Microsoft Power BI is a web-based business analytics and data visualization platform that is suitable for businesses of all sizes. It monitors important organizational data and also from all apps used by organizations. Microsoft P...Read more about Microsoft Power BI
Google Charts
Google Charts
Google Charts is a cloud-based business intelligence solution designed to help teams visualize data on their websites in the form of pictographs, pie charts, histograms and more. Key features include content management, custom das...Read more about Google Charts
IBM SPSS Statistics
IBM SPSS Statistics
IBM SPSS Statistics is a cloud-based data analysis engine that helps individuals and enterprises by providing statistical foresight to improve efficiency across the business. Designed for businesses of all sizes, it offers solutio...Read more about IBM SPSS Statistics
Sisense
Sisense
Sisense goes beyond traditional business intelligence by providing organizations with the ability to infuse analytics everywhere, embedded in both customer and employee applications and workflows. Sisense customers are breaking th...Read more about Sisense
Minitab
Minitab
Minitab is a cloud-based statistical tool designed to help small to large organizations across various verticals such as manufacturing, healthcare, energy, automotive or non-profit discover market trends, predict patterns and visu...Read more about Minitab
Boomi
Boomi
Boomi is the world’s most popular, independent, cloud-native integration and automation platform. Boomi simplifies digital landscapes, so it’s easier to streamline customer experiences, automate business processes, and adopt new t...Read more about Boomi
Qlik Sense
Qlik Sense
Qlik Sense is a business intelligence (BI) and visual analytics platform that supports a range of analytic use cases. Built on Qlik’s unique Associative Engine, it supports a full range of users and use-cases across the life-cycle...Read more about Qlik Sense
Datadog
Datadog
Datadog is the monitoring, security and analytics platform for developers, IT operations teams, security engineers and business users in the cloud age. Datadog's SaaS platform integrates and automates infrastructure monitoring, ...Read more about Datadog
Looker
Looker
Looker, now part of Google Cloud, is a cloud-based business intelligence (BI) platform designed to explore and analyze data. The solution helps businesses to capture and analyze data from multiple sources and make data-driven deci...Read more about Looker
SAP BusinessObjects Business Intelligence
SAP BusinessObjects Business Intelligence
SAP BusinessObjects is a business intelligence solution designed for companies of all sizes. It offers ETL (extract, transform, load), predictive dashboard, Crystal reports, OLAP (Online Analytical Processing) and ad-hoc reporting...Read more about SAP BusinessObjects Business Intelligence
Databox
Databox
Databox is a cloud-based business analytics platform for marketers, CEOs, analysts and decision makers that provides a single interface to view various key performance indicators (KPIs) and generate reports. It is suitable for sma...Read more about Databox
Workday Adaptive Planning
Workday Adaptive Planning
Workday Adaptive Planning is the only native-cloud planning solution that empowers finance to configure sophisticated, driver-based models with ease, analyze unlimited scenarios on the fly, and use AI and machine learning (ML) to ...Read more about Workday Adaptive Planning
Piktochart
Piktochart
Piktochart is a cloud-based visual content maker that can be used to create presentations, infographics, social media graphics, reports, and more as well as repurpose videos for social media. This comprehensive solution can be use...Read more about Piktochart
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Buyers Guide
Last Updated: March 16, 2023Manufacturers are always trying to optimize data to improve productivity. Optimized data allows them to accurately measure their performance and understand where their companies stand in terms of profit. To that end, business intelligence (BI) software designed especially for manufacturers can be extremely helpful.
Apart from helping improve productivity, manufacturing BI software allows manufacturers to enhance sales, revenue, and return on investments (ROI) by using insights through data analysis.
However, selecting one manufacturing BI software product from among the hundreds on the market can be overwhelming. That's why we've created this Buyer's Guide to detail everything you need to know before making the final purchase decision.
Here's what we'll cover:
What is manufacturing BI Software?
Common features of manufacturing BI software
Benefits of manufacturing BI software
What is manufacturing BI software?
Manufacturing BI software collects data such as total units manufactured, total units sold, total shipments, and buyer demographics from a manufacturer's existing systems as well as from across the supply chain. The software then analyzes data and provides actionable insights.
Manufacturing BI software allows manufacturers to make informed business decisions related to future sales strategies, materials management, and buyer targeting.
Analyze total sales, units sold, buyer demographics in Sisense BI software
Common features of manufacturing BI software
Different vendors offer different features in their manufacturing BI software. Selecting the best manufacturing BI software for your setup is easier when you know what the common features are and what they do.
Data mining | Scan through large volumes of data to identify previously unknown or new patterns. This is the fundamental step of business intelligence that other processes, such as predictive analytics, rely on. |
Predictive analytics | Forecast demand, predict customer behavior, and prepare strategies using statistical tools. |
Online analytical processing (OLAP) | Perform multidimensional analysis of large volumes of data. |
Dashboards | Highlight a manufacturing business's key performance indicators (KPIs) and focus on critical metrics. |
Data visualization | Create graphical representations of business data using simple user interfaces. |
Trend indicators | Identify patterns in production, sales, or distribution channels and decide on business strategy. |
Scorecards | Attach or assign a numerical weight to each KPI and then map its progress. For instance, a scorecard might assign an "A+" grade to 40 percent annual revenue growth if the goal was set at 20 percent. |
To further understand these features and learn about manufacturing BI software vendors, call our advisors at 855-998-8505 for free, no-obligation help. They'll help you narrow down your options by listening to your requirements and recommending the best-suited solutions for your business.
What type of buyer are you?
Before you start evaluating manufacturing BI software options, you'll want to know what buyer category you belong to. We believe most buyers will fall into one of the below categories:
Small manufacturers: These businesses are typically transitioning from pen and paper to a more automated system and only need basic BI functions such as data mining and predictive analytics.
Multilocation manufacturers: Operating multiple manufacturing units adds a layer of complexity to software requirements. These buyers need to understand customer demographics across locations and deal with large volumes of regional data. They require additional features such as data visualization and OLAP to analyze multidimensional data and create different graphical data representations.
Large (enterprise) buyers: These buyers value the seamless integration of data and processes that comes from having a unified platform for all functions. They appreciate a full-featured solution and would do best to seek an integrated enterprise resource planning (ERP) suite that includes manufacturing management and BI applications, along with other applications such as inventory management, supply chain management, etc.
Benefits of manufacturing BI software
While some of the benefits of manufacturing BI software may be clear from our discussion above, we've called out the most notable ones below:
Provides actionable insights: Manufacturing BI software provides insights related to manufacturing costs, raw materials usage, shipment costs, etc. using features such as predictive analytics and OLAP. Based on the insights, manufacturers can adjust their production strategy for higher profitability.
Improves overall sales: Manufacturing BI software helps manufacturing units identify untouched markets, sales trends, and product improvements. These insights help teams enhance their negotiations with customers, suppliers, and vendors to improve total sales.
Key considerations
Here are some important questions to consider before you purchase manufacturing BI software:
Availability of mobile apps: Manufacturers have to connect with various stakeholders (such as suppliers, vendors, buyers, etc.) at any point in time. Manufacturing BI software with a native mobile app allows them to receive real-time insights into production, shipment, sales status, etc. from anywhere. Look for solutions with mobile apps that work on all leading platforms such as iOS, Android and Windows.
Scalability: Ask your shortlisted vendors about the scalability of their products. You'll need a solution that supports your manufacturing business as it grows and is able to handle your expanding needs. For instance, if you plan to go from single-location to multilocation manufacturing, the software must be able to handle data from all your locations.
Customer support: Find out if the vendor offers support 24/7, only during business hours, or not at all. Also, ask about available support options, such as email, phone, or live chat.