"At a time when companies in many industries offer similar products and use comparable technology, high performance business processes are among the last remaining points of differentiation."....
Competing on Analytics: The New Science of Winning,
Tom Davenport and J. HarrisManufacturing expertise is a competitive differentiator for companies that follow optimal practices and methodologies to target inefficiencies and eliminate waste. Business analytics is essential to:
- Improve production planning
- Enhance the supply chain
- Reduce inventory and streamline logistics
- Predict product failures, and
- Improve reliability
Predictive analysis improves product manufacturing, testing and repair. Once products are in the field, Reliability modeling determines which components are likely to fail or in response to customer calls, which are likely to require repair.
