6 Features a Food and Beverage Processing Company Needs in a Tailor-Made ERP

Now that the food and beverage processing industry is highly competitive, it’s crucial for businesses to remain agile and leverage advanced innovation to meet consumer needs and gain a competitive edge in the market. 

An erp for process manufacturing industry, such as the food and beverage processing sector, can help companies not only achieve these goals but also thrive in the ever-evolving market. In this article, you will learn a few crucial features your food and beverage processing ERP must need. 

1. End-to-End Solution

The food and beverage manufacturing business must look for an end-to-end business-wide solution. Implementing a proper solution allows you to eliminate data silos and unite all major data in one centralized place. Besides tracking customer data, an end-to-end ERP system can optimize the finances, supply chain, and other vital aspects of the business. Moreover, the system should allow seamless data flow across all departments. 

Food and beverage processing ERP solutions are mechanized to collect, analyze, and provide valuable insights to key stakeholders, enabling data-driven decision-making.

Also Read – Why do pharmaceutical companies need an ERP system

• Real-Time Inventory Management

The food and beverage manufacturing chain comprises multiple ingredients and products with different shelf lives and storage conditions. Usually, products used are perishable; thus, there are always chances of wastage and spoilage. And elevated levels can increase costs substantially, resulting in a negative impact on the company’s bottom line.

Food and beverage processing ERP can control waste and spoilage by tracking inventory in real time at each phase of the supply chain. The system can help reduce stockouts via transparency and real-time visibility across multiple channels. You can order and optimally allocate inventory while keeping a real-time count by deploying industry-specific ERP software. 

• Real-Time Order Management

Order management is another critical feature that a food and beverage manufacturing ERP must have, particularly for companies with multi-location and multi-channel procurement and distribution. Order management is crucial to determine which locations can fulfill orders based on availabilities, lead times, demand, and service levels. It includes the native capability to purchase, return, and fulfill orders from a specific location while tracking orders. 

An ERP with real-time order management features will help food and beverage companies expedite product movement to desired locations. Moreover, it will allow business customers to purchase the desired products without delays created by stockouts.

Also Read – 7 benefits of ERP in logistics and transportation business

• Recipe and Ingredient Management

Since customer taste changes constantly, food and beverage processing companies need an ERP having in-built recipe and ingredient management capabilities. As new recipes become popular, companies can set up the systems and processes to manufacture those recipes. An ERP for food and beverage processing businesses can bring innovation to the facility by enabling recipe creation and adjustments. 

In addition, such systems provide quality control mechanisms by tracking the lot serialized. Moreover, ERP for food and beverage processing also optimizes recipe development while equipping with necessary documentation consisting of manufacturing instructions.

• Omni-Channel

Nowadays, almost every food and beverage company sells its products through multiple channels, including retailers, eCommerce platforms, franchise partners, and other distribution affiliates. Businesses can efficiently manage all these customer touchpoints with a high-performance process manufacturing ERP. 

The ERP system can track demand for the full mix of the company’s Stock Keeping Units (SKUs), helping food and beverage businesses to scale across multiple channels. With such systems, you can provide customers with the right products at the right place and time. 

• Seamless Financial Management

Food and beverage processing units often operate in different geographic with different language, culture, and currency differences compared to headquarters. And each location will have its own regulations and tax system. 

The industry-specific ERP must manage these differences appropriately, including generating accurate consolidated financial reports. Moreover, such applications must automate collections, billing, and invoicing processes. The food and beverage processing ERP can integrate different business departments to streamline financial processes while reducing the time required for the close financial process.

Also Read – ERP software in trading distribution companies in Dubai

Key Takeaways 

With food and beverage manufacturing businesses requiring advanced technologies, tools, and systems to meet market demands, ERP for Manufacturing Industry is an ideal solution to unlock agility and actionable insights. However, not all ERP systems can provide the same benefits. Therefore, a company must look for customized solutions that can help it meet its unique needs. The features mentioned above in the tailor-made food and beverage manufacturing ERP can streamline all crucial business processes and drive growth. 

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