Major corporate and manufacturing organizations are facing challenges in dealing with large numbers of activities which involve assets, people and customers. Data management to effectively integrate enterprise applications in real time poses a new challenge. To learn from the past and forecast the future, many manufacturing organizations are adopting Business Intelligence (BI) tools and systems. The importance of forecasting business trends and evolve suitable strategies in real time is being adopted by these organizations. Modern enterprises are facing ever increasing challenges of shorter product lifecycles, increased outsourcing, mass customization demands, more complex products, geographically dispersed-design teams, inventories subject to rapid depreciation, and rapid fulfillment needs.