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by Joshua Greenbaum, Contributing Editor Posted on Wednesday, November 07, 2007 3:24:00 PM   | Abstract: | Manufacturers are beginning to realize that traditional, stand-alone business intelligence applications often are inadequate for tracking and utilizing their operational data within a global economy. Part one of this six-part "Master Class" series explains the need for comprehensive performance management as manufacturers strive to succeed in today's ever-changing business climate. |
| Keywords: | business performance management, business performance |
Manufacturers' expanding role in the global economy has brought about a need to change how executives, managers, and other consumers of business information make use of the data and information that crisscross their organizations every day. With critical business processes executing in real time as much outside the enterprise as within its walls, traditional views of what constitutes business intelligence (BI) and how that intelligence is used for operational and competitive advantage are undergoing a shift that is best described as tectonic. Further fueling this shift is the realization that the traditional, stand-alone reporting and BI capabilities of enterprise applications, such as ERP, supply chain management, customer relationship management, and the like, are woefully inadequate to meet the needs of today's manufacturers. The lack of internal standards for BI and the complexities that companies face through their own merger and acquisition activities — not to mention the near-continuous M&A activity in the BI industry itself — have rendered outdated the old model of matching information and business requirements. [Click to continue] |