The Needs for Business Intelligence and Reporting Tools
Information is key to have an effective portfolio management, however it is essential to properly analyze all this data to make the most suitable decisions. Business Intelligence (BI) and reporting are processes which support manufacturers in analyzing data and presenting it in a consolidated and comprehensible way. The goal is to help managers make informed business decisions. It also accelerates and improves decision-making. Businesses are more efficient; they gain valuable time in sorting and analyzing information and data.
Manufacturers often make decisions that involve a dizzying array of brands, product lines, product offerings, product options, technologies and investment opportunities. These decisions are complicated by the need for multiple stakeholders – including marketing, development, manufacturing, sales and a wealth of suppliers – to reconcile their goals and perspectives and effectively collaborate on bringing a product to profitable reality.
Economic gain and competitive success are the main goals that companies are aiming for. These objectives are achieved as much by choosing the right innovation projects as they are by executing these projects well, and to do so business intelligence constitutes a cornerstone.
As an organization grows, there is a corresponding increase in the amount of data handled by the system, and a wider number of users requiring access to this data through reporting tools.
Metrics collected through business intelligence tools provide stakeholders with the quantitative feedback they need to make informed and coordinated project decisions. The effective use of business intelligence is often cited as one of the key differentials that distinguish successful NPD projects from failing efforts.
Lascom Business Intelligence and Reporting Solution
With Lascom’s business intelligence and reporting features, users have access to data and information and are able to exploit them through interactive and dynamic dashboards. It provides companies a complete overview and understanding of their projects and key information.
Activity reports and key indicators consolidate data, and give businesses greater visibility on their activities, supporting them in their decision-making. These reports and indicators are essential to a large-scale Business Intelligence strategy, as they guarantee an efficient project management.
Lascom solution makes it easy to generate dynamic dashboards, reports and key indicators. These last ones can be personalized for each user according to their profile, such as their department (e.g.: R&D, marketing, quality, procurement, compliance, etc.) and responsibilities. In addition, users can easily create and manage their own dashboards.
Additionally, Lascom software also offers various reporting levels, tailored to each user’s needs:
1st level: Consolidate and summarize request results in dashboards. Generate reports on any action taken in Lascom software
2nd level: Leverage the knowledge base (repository) to create reports and graphs using the integrated Excel features
3rd level: Leverage Lascom request tool to format reports via export to Reporting Services
4th level: Generates agile and easy-to-use indicators with Lascom Dashboard. The solution also integrates ACCESS Insight for a clear view of the activities and key information
5th level: Generate documents directly from Lascom PLM