Supply Chain Analytic & Financial Solutions
Understanding and properly leveraging your data to improve the visibility and sustainability of your supply chain is essential to sustain and grow your business.
Related:
Conference
American Supply Chain Summit 2021
Conference
PowerPlex 2021
A manufacturer’s poor understanding of key operational data and a lack of supply chain analytics is a common roadblock to success.
Is your business struggling to use data effectively?
Manufacturers are inundated with an overabundance of data across many dimensions. Many manufacturing leaders don’t know what data they have, how to access it, how to keep it organized in an effective way and how to protect it. Baker Tilly’s supply chain, manufacturing, and financial analytics services can help your organization solve many business challenges, including:
To leverage your company’s key performance indicators (KPIs), you must first manage your data. Baker Tilly can help design your workflow to effectively capture data and fortify your differentiation in the marketplace.
Our supply chain analytics solutions
Baker Tilly’s Supply chain, manufacturing, and financial analytics services can help your organization reassess your data to create and implement the right strategies and solutions that optimize and build your supply chain and operations. The services below are listed sequentially. Our team will work alongside your enterprise as you advance in maturity. Our services include:
- Analytics roadmap
- Data cleansing and readiness
- Dynamic costing
- Operational and managerial reporting
- Financial forecasting
- Visualization tools
- Digital process automation
- Location profitability analysis (project development office)
- Product and network optimization
Achieving advanced analytics for your enterprise does not happen overnight. As your enterprise works with our team through the process of identifying issues, cleaning data sources and using data more effectively, it can continue advancing up the maturity model of analytics.
Data analytics maturity model for supply chains
The data analytics maturity model illustrates how an enterprise can effectively use data over time, adopting more sophisticated analytics to drive business decisions, shifting away from mere data collection to business intelligence and advanced analytics. Each level of the maturity model has a number of data analytics tools a manufacturer – or its business advisors – can use. Baker Tilly can help your company determine its starting level of maturity and the necessary steps to properly progress through the model and leverage data to meet business goals.
Benefits for management
Drilling down on data unique to your company allows you to measure your performance and variances in: sales, customer analytics, accounts receivable, manufacturing variance and geospatial analytics.
We work side-by-side with manufacturers to streamline operations through supply chain visibility with the following key benefits:
- Automates financial report generation with real-time data
- Reports can be refreshed and accessed at any desired timeframe
- Flexibility to sort by specific time intervals, product groups and divisions
- Encourages interactivity across finance, accounting and operational teams through one common reporting platform
- Gives leadership access to critical performance data from anywhere, on any device at any time.
- Enhances your ability to perform “what if” analyses through robust capabilities
- Enables you to tailor procedures based on relevant risks and root information
- Serves as a functional tool to solve operational challenges
- Helps identify outliers by boiling down millions of transactions into a “one look” scatter plot
- Presents granular insight into the business — including where the company makes its money (months, regions, products)
- Prioritizes potential profit centers or your desired future asset base
- Overlaps market price with unit prices to demonstrate premium over/under market
- Visible supply chain represents information as it flows through the company
- Measures year-over-year performance and KPIs
- Achieves effective sales and operational planning (fulfillment, forecasting, sourcing)
The data-driven manufacturer
Reading this e-book will prepare you to engage in productive conversations with internal staff and external business advisors about strategies for maintaining and protecting key data. A company focused on making data-driven decisions will be well positioned to unlock insights about its employees, operations, products, services, and customers – and, as a result, take advantage of new opportunities.
Benefits of data analytics approach
Your organization relies on information to successfully manage the business, better understand customers, market your brands, monitor the competition and satisfy regulatory requirements. Baker Tilly’s visual analytics services combine data from your disparate existing data sources — such as operations, accounting, ERP and third-party systems (payroll, freight, etc.) — into one common reporting platform.
This gives you access to large data sets at consolidated levels with the ability to drill down into transaction-level insights as needed.
As you gain a better understanding of how information flows through the company, you will be better able to gain valuable insights that help you achieve high performance results quickly and cost effectively for better manufacturing intelligence.
Our professionals
