The following is a list of benefits to food and beverage manufacturers that install enterprise management software. In some cases, companies are using ERP technology as a way to differentiate themselves from the competition and offer a better, seamless customer experience. It’s clear to see why investing in such technology can provide a good return on investment.
Cost saving from equipment improvement
Firstly, the introduction of ERP software will save your company money as managers are able to fine-tune equipment to achieve the best possible operational efficiency. ERP software enables managers to access dashboard style infographics in the back office system and quickly access what machines are performing and perhaps, which are not.
Ability to demonstrate regulatory compliance
Traceability in the food and beverage manufacturing industry is of utmost importance with the introduction of new regulations relating to label information on 12th December 2016, ERP systems need to be adaptable and be able to demonstrate full traceability from goods intake to dispatch. Labelling, barcode and scanning technologies are all used here to ensure full traceability of products from farm to fork and everywhere in between.
One single data source
The fact that ERP technology covers all areas of an enterprise, for example, procurement, production, warehousing, sales, finance, quality and so on means there is one single data source for all departments that is updated in real time. Real-time receiving and order entry updates translates as improved stock data, therefore, lowering inventory carrying costs and reducing your company’s bottom line.
Increased bid competitiveness from pricing improvements
In addition to a cost saving from equipment improvements companies also get fine tuned product yields. As a result, managers have increased competitiveness in the market from pricing improvements and access to critical product yield data.
The decision-making process is one huge benefit to food and beverage companies that implement ERP technology. Access to real-time data across all areas of the company powers managers to make decisions that can be backed up by raw data and metrics. Additionally, most ERP software is now available on mobile devices which can be accessed anytime or anywhere so managers can make decisions quicker and on the fly.
Measurement of KPI’s
The measurement of key performance indicators such as cycle costs, downtime, financials, sales order management, trends and quality control can be displayed in easy to understand dashboard style infographics. Following on from the last point, improved decision making, this stems from the measurement of performance indicators across the company as a whole.
Improved customer service
The culmination of the benefits listed above is enhanced customer service – customer service is about the customer experience but also about delivering a quality product at a fair price and delivering it when it is promised. ERP software helps streamline business processes and reduces internal errors by automating processes in business operations. As a result of cost savings, better decisions and access to data, companies are better run, more efficient and this is visible in improved customer service.
In conclusion, the food and beverage manufacturing industry is very competitive and highly regulated, therefore, investing in a robust enterprise management system is critical to operational efficiency and success of a food or beverage company. The outcome of implementing an ERP system is operations automation, streamlined departments, increased productivity and better customer service.
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