How ERP for Food and Beverage Industry helps to streamline the Supply Chain.

How ERP for Food and Beverage Industry helps to streamline the Supply Chain.

Food Industry has flourished massively in the recent years. A tremendous transformation has been experienced by the industries worldwide. All thanks to the technology which has helped businesses to promote their stuffs to their target audience. Food industry is blessed with a boon to advance their growth by using the ERP Software. ERP for food and beverage industry has helped many small and medium-sized industries in streamlining their supply chain. Enterprise Resource planning helps companies in reducing wastages, saving on costs, and lowering the risk of stock-outs as well as overstocking.

First, let us tell you that the implementation of an ERP software is not a complex activity as organization seems to think off. A set of steps to follow and there you are.

Steps to implement an ERP system for effective Supply Chain Management

ERP system for food and beverage industry has a number of steps that has to be followed for its implementation.

Step 1: Identifying the business requirements for their supply chain before implementing an ERP.

Step 2: Selecting an ERP system that is scalable, flexible and can integrate with other system.

Step 3: Ensuring that the data is transferred completely.

Step 4:  Setting up the system to handle their supply chain process

Step 5: Training the employees on the use of ERP system to maximize profits.

Challenges faced by the Food and Beverage Industry in Supply Chain Management:

The food and beverage industry faces various challenges in maintaining their supply chain, which includes accounting, operation issues, and lack of visibility, inventory management and much more. This can lead to delays in the Shelf Life Management, stock-outs and the increasing costs.

To keep a track of each and every process in the food industry can be a challenging task as the supply chains in this industry are quite complex.

Another challenge is the safety of food. Insuring that the food product is safe to consume by the consumers should be ensured by the companies. If the company fails to make the point about the safety, it can lead to huge fines and loss of reputation, which can be an overburden to the company.

Let’s discuss a few Features and Benefits of implementing an ERP system in the Food Industry.

ERP for food industry has varied benefits for supply chain management.

1. Increasing Visibility: ERP system for F&B provides a real-time data that helps companies in tracking each and every process in the supply chain. This in turn helps companies to make quick decisions and take prompt actions in changing their supply chain process.
2. Enhanced Efficiency: ERP system assists businesses in meeting their goals by offering tracking and reporting tool. Businesses can track the records in no time. This helps in reducing the risk of fines and loss of reputation.
3. Inventory Management: One of the major benefits for food and beverage industry is the inventory management. With a better ERP system in place, companies can have one major thing less on their plate as they can track processes right from sourcing of raw materials to the final product by using the tool, thereby ensuring the food safety issues and following up on norms stipulated by FSSAI and FDAI. 
4. Forecasting: In order to stock-up the inventory, companies need to know their customer’s demands. Forecasting tool in the ERP software can benefit the company by analysing the previous data and making future predictions in order to provide better customer services. It helps reduce costs and wastage caused due to overproduction.

Key considerations while selecting an ERP system for Food and Beverage Industry Supply Chain Management

1. Scalability: Small and Medium-sized businesses (SMBs) must select an ERP system that can help them grow and adapt the necessary changes required in the supply chain.
2. Flexibility: Selecting a customized ERP system for the company which can meet their business needs and more importantly integrate with the system should be taken into consideration.
3. Security: Another critical consideration is the security. The ERP system should have robust security. After all securing the companies data is an important task to deal.

Future of ERP for Food and Beverage Industry Supply Chain Management:

The upcoming time looks promising for food and beverage industries to implement ERP system to maintain their supply chain.

1. Use of AI (Artificial Intelligence) and ML (Machine Learning) might help companies in analysing data and making prompt decisions in no time.
2. Usage of Blockchain technology might help businesses in improving visibility and food safety in their supply chain.

Conclusion:

The immense rich features of SAP Business One (SAP B1) Enterprise Resource Planning (ERP) makes it the best software for food and beverage manufacturing businesses. ERP for food industry has helped many businesses in maintaining their supply chain process to the mark. Acquiring the best customized ERP for your business is essential in order to implement it correctly on your existing system. It will help you in many ways to scale your business.

So why wait? Book a demo call today with SoftCore Solutions; an SAP Business One Gold Partner in Pune, and get the best services for your food and beverage industry. Our comprehensive services includes SAP support and implementation, SAP Business One add-on development, and reporting & analytics. We help companies achieve their desired goals and making their story a success with the best ERP solution. With an in-house workforce of over 125+, 5 offices across India, and state-of-the-art infrastructure, we strive to deliver the best-suited ERP solutions to our esteemed corporate clients.  We support all size businesses to get actionable insights for improving the decision making approach as one of the best SAP ERP companies in India.