Turning Raw Data Into a Competitive Advantage
Product innovation, continual improvement of operational performance, and steadily growing profit margins are essential to the success of competitive manufacturers today. These organizations face intense pressure to increase margins while working with unpredictable global supply chains, ensure compliance in an aggressive and complicated regulatory environment, and mitigate all types of risks from labor shortages to IT security.
CaseWare IDEA® data analytics software, manufacturers can transform their raw data into a true competitive advantage. Audimation helps forward-thinking manufacturers leverage their immense quantities of data, unlocking a wealth of valuable insight. Supporting more informed forecasting, demand planning, sourcing, production and distribution, this new understanding empowers organizations to clearly see and intelligently respond to their opportunities and challenges. Success Story
Lehigh Hanson Uses IDEA Server to Support Global Auditors & Directors See how they did it! Analytics for Manufacturing Professionals Competitive Advantage Analytics Applications With CaseWare IDEA data analytics software, Audimation enables manufacturers to:
Gather raw data from disparate systems and source types and import it into a single platform
Gain greater understanding of all available data, while ensuring data accuracy and security
More efficiently manage workload, time and resources
Analyze financial records, statements, transactions and expenditures, operations information and internal controls from the beginning to end of the manufacturing process
Apply analytic techniques to predict and identify fraud, waste and abuse in the supply chain
Ensure accurate purchasing practices by setting up tests to monitor critical data fields
Track and analyze sales, warranty and inventory data to ensure accuracy, track trends and identify anomalies
Use data visualization to depict important information about key findings
Automate repeatable processes to increase efficiency, streamline processes and flag unusual transactions
Ensure accountability and regulatory compliance
Analyses Age stock by date of receipt. Compute the number of months of stock for each item held based on either sales or purchases. Produce a summary of this information. Stratify balances by value bands Analyze usage and ordering to improve turnover Summarize products by group, location, and type Create a report of products in order of profitability Reconcile physical counts to computed amounts Calculations Cast (or total) the file, providing sub-totals of the categories of inventory Re-perform any calculations involved in arriving at the final stock quantities and values Re-perform material and labor cost calculations on assembled items Gaps and Duplicates Test for missing stock ticket numbers Test for missing transaction numbers Identify duplicate stock items Exception Tests Identify and total stock held in excess of maximum and minimum stock levels Identify and total obsolete or damaged stock Identify any items with excessive or negligible selling or cost prices Identify differences arising from physical stock counts Test for movements with dates or reference numbers not in the correct period (cut off) Identify balances which include unusual items (e.g., adjustments) Identify work in progress which has been open for an unreasonable period Identify stocks acquired from group companies Isolate products with costs greater than retail price, with zero quantities, or with zero prices Matching and Comparing Compare files at two dates to identify new or deleted stock lines or to identify significant fluctuations in cost or selling price Compare cost and selling price and identify items where cost exceeds net realizable value Compare the value of physical counts to General Ledger amounts Check work orders for accuracy against original sales orders Cash Disbursements Reconcile inter-company transfers Summarize cash disbursements by account, bank, group, and vendor Generate vendor cash activity summaries for contract negotiations Works-in-Progress Merge products on work orders and sale as orders for new demand analysis Use net demand analysis against inventory and purchase orders to generate a quick material requirement planning report Check work orders by size, priority, and for lease to shop floor Produce shop floor activity reports by any item Generate comparison of planned versus actual labor, materials, and time Reconcile job tickets or time cards to work order line items Let's Put Data Analytics to Work for You!
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