Lawson Software have announced the availability of two new analytic applications that can be deployed in a matter of days to help companies improve decision-making and find cost savings. Lawson Software have introduced Lawson M3 Analytics and Lawson M3 Analytics for Manufacturing.
The core offering, Lawson M3 Analytics, focuses on four key business areas: sales, finance, procurement and warehousing/logistics. M3 Analytics for Manufacturing provides additional manufacturing-specific analysis capabilities focusing on production and order costing processes.
These solutions help manufacturers and distributors simplify deployment of a complete package of business intelligence tools without having to develop analytics tools in-house. The application includes more than 70 pre-configured key performance indicators (KPIs) 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 Software give customers a complete, measurable view of their operations in a few short weeks.
According to Nigel Montgomery, AMR Research, in a Jan 2009 alert, Lawson Software introduced the new Analytics package at a time when companies need solutions that deliver high value in a shorter amount of time.
According to David Hope, Vice President and Regional Managing Director, Lawson Software, Asia Pacific, Lawson M3 Analytics is a targeted business intelligence toolkit that manufacturers and distributors can use to help them manage their businesses strategically and effectively without having to spend a lot to get it.
Lawson Software have 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 realise the value of industry-specific business intelligence.