5 ways ERP can make a big difference for a food and beverage business

Last few years have been excellent for the food and beverage industry. Right from food on demand to improved service delivery models, food and beverage industry is at its all-time high. We know how important it is for a business operating into the food and beverages sector to be customer-oriented, which is possible only when it brings together all its critical operations under one roof. Yes, right from production, distribution, packaging, sales, marketing, etc., data pertaining to every key department and process ought to be available on a centralized hub. This is where ERP software for food and beverage industry comes into picture. Here’s how ERP systems are doing the impossible for the food and beverage businesses:

1. Helping understand demand

Incomplete or faulty demand projections can be disastrous. With a good ERP solution in place, distributors get access to intelligent reports pertaining to the rising demands and consumer preferences. More importantly, this data is available across the company so managers and supply chain partners can access it to make quick and sound decisions on the go.

2. Controls inventory cost

Since the food & beverage industry is extremely time bound, several products particularly perishable ones need to be preserved and stored accordingly or they turn useless. Having an ERP software to track and monitor inventory data in real-time can be of great help here. It helps managers make better purchasing decisions that’ll reduce inventory costs while also moving time-sensitive products quickly and effectively. This way, ERP systems help tame expedited shipping costs to a great extent.

3. Manages accounts receivables effectively

During slack months, many companies often resort to hand out discounted deals. Now this can take a toll on a company’s cashflow causing the distributors to lag behind in paying up their sales reps or suppliers. A good ERP software with accounts receivable automation feature can make this process quick and error-free.

4. Optimizes delivery schedules

To stay ahead of the competition and curb waste, a food and beverage business ought to constantly seek out effective means to deliver inventory to retailers whilst curb fuel and labour costs involved. Most effective way to achieve scheduling and optimization is using an ERP system, which enables distributors to be more responsive to supplier and vendor demands by streamlining interactions and enabling partners to make quick changes to their scheduled deliveries.

5. Create More Collaborative Solutions

The food and beverage industry requires lots of input from a variety of players. Implementing an ERP solution will enable smooth flow of products between manufacturers, warehouses and retailers so that everyone in the supply chain is able to meet customer demands on time.

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Created on Apr 1st 2019 00:57. Viewed 547 times.

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