Fast connections: Lawson analytics packages put BI in its place
Lawson Software has two new analytics applications that the vendor says can be deployed in a matter of days to help companies improve decision-making and find cost savings.
The core offering, Lawson M3 Analytics , focuses on four key business areas: sales, finance, procurement, and warehousing/logistics, while M3 Analytics for Manufacturing has additional manufacturing-specific analysis capabilities focusing on production and order costing processes.
“Lawson M3 Analytics offered a fast and affordable way for us to get the business intelligence [BI] we need to better manage our operations and customer-service levels,” says Martin Murgatroyd, head of IT for Brunner Mond, a U.K.-based manufacturer of soda ash, sodium bicarbonate, and related chemicals. “Lawson understands our specific manufacturing challenges, which means the KPIs and scorecards that matter to us are already there, ready for managers to use to help improve our business. Directors can ask their own questions and see the answers right away. During these tight economic times, this solution has quickly given senior managers a data-driven view of what’s going on in our business.”
These solutions help manufacturers and distributors simplify deployment of a complete package of BI tools without having to develop analytics tools in-house. The application includes more than 70 pre-configured KPI and 50 pre-built scorecard reports commonly used by manufacturers and distributors.
Sample KPIs include day sales outstanding, inventory turnover, delivery performance and gross margin percentage. Sample scorecards highlight critical data such as sales versus budget, supplier performance, production variances and customer debt.
By packaging a specific set of KPIs and scorecards for manufacturers and distributors, Lawson gives customers a more complete, measurable view of their operations in a few short weeks. Such a comprehensive approach to business evaluation has essentially been beyond the reach of all but the largest manufacturers and distributors until now.
The company also recently introduced Lawson M3 Analytics for Food and Beverage. The Analytics solutions are designed to be simple, integrated and time-saving tools that can help companies that make, move, or maintain products realize the value of industry-specific business intelligence.