ERP Software for Food Manufacturing: Illuminating the Lesser Known Benefits
Professionals in the food and beverage industry who are familiar with ERP generally understand its benefits, such as better decision-making through a unified database and improved supply chain management.
However, those who delve deeper into the technology will uncover even more advantages. By choosing an industry-specific solution, you can access additional tools for better results and specific opportunities for improvement.
These lesser-known benefits of food ERP are worth investigating as the food and beverage industry is competitive and companies strive to gain an advantage over competitors and increase market share.
The following are benefits offered by different food and beverage ERP systems.
Benefits of ERPs for Food Manufacturing That Are Less Well-Known:
Even though the following advantages may not make headlines, food and beverage producers still find them to be of great value. Although other benefits aren't as frequently emphasized as the top-line ones, keep in mind that this short list contains some of the most significant ones because they can all help you ensure future success and develop strategies that encourage growth.
1. Improved Seasonal Preparing:
Utilizing a food manufacturing ERP's forecasting and planning tools will help you better match your supply with the projected demand and avoid seasonal increases in your product category.
For accurate estimates, it's preferable if your software can take into consideration both previous sales data and newly emerging patterns. Both should be used to guide your predictions so that you may take advantage of earning possibilities without having too much stock that you can't sell.
2. Enhanced Workforce Productivity:
ERPs for the food production industry are frequently designed to automate many of the manual processes that would otherwise fall to your staff members who are already overworked, which can save time and effort.
Your staff can focus on more mission-critical duties when quality and compliance checks may be automatically initiated by the system and handheld barcode scanner integrations remove the monotony from inventory processes.
3. Minimized Waste:
The expiry management capabilities of food ERPs enable you to keep track of the windows of viability for both raw materials and finished items, allowing you to make the most of your investments and consume products before they spoil and go to waste.
The use of quality control features can also help you find manufacturing process flaws and reduce the amount of scrap and rework required, saving you money and time.
Advantages Specific to Food & Beverage ERP:
You won't find some of these advantages and related features anywhere else. These major differentiators for our solution reveal how well we comprehend the operational complexity faced by food and beverage industries as well as the resources required to meet their most challenging difficulties.
1. Enhanced Trade Management Flexibility:
Food & Beverage ERP's Trade Management module lets you make specific trade plans for each agreement and use different trade rates within one plan. It calculates order rebates, royalties, bill backs, and payables directly or through accruals.
This offers more flexibility in dealing with trade partners, boosting profitability by allowing you to capitalize on opportunities and work with a wider range of suppliers and clients.
2. Advanced Pricing for Improved Profitability:
With the Food & Beverage ERP's Advanced Pricing module, you can set sales prices and discounts in units of measure beyond the typical sales unit. It also assigns prices from multiple tiers for different customer groups and uses shipment or requested/promised delivery dates for price calculations.
This enhances profitability by letting you adjust prices based on market conditions and maximize margins when supply and demand are favorable.
3. Business Intelligence for Actionable Insights:
Food & Beverage ERP integrates with Business Intelligence (BI), a machine learning-powered solution that offers advanced data analytics and better forecasting. It comes with over 500 key performance indicators, 300 of which are specific to the food and beverage industry.
With BI, you can automate data collection, set alerts, and run simulations to determine decision impacts. The actionable insights generated can bring measurable positive results across various operations.
4. Improved Order Management Visibility:
Food & Beverage ERP's warehouse management features let you track inbound and outbound shipments within the solution and link receipts to purchase orders for easy indexing. The Transport module helps you visualize transportation needs, calculate floor space, and manage goods movement, improving visibility and avoiding bottlenecks.