Top 5 Benefits of ERP Software for Food and Beverage Companies
/Enterprise resource planning (ERP) refers to a type of software that food and beverage companies can use to support their operations. The best ERP systems support traceability, quality control, demand forecasting and planning, and waste management. Food and beverage specific ERP software has many benefits for companies, but here are the top 5!
1. It Streamlines Processes
To run a profitable F&B business, your operations should be streamlined and efficient. F&B ERP software systems can bridge specific gaps in the supply chain management which are unique to the industry. Arguably the greatest benefit of ERP software is its automation capabilities. Invoice generation and automated supply chain management are tools which free up your workforce, so they have more time to inject into other corners of your business. Efficiency gains are vast, since users of F&B ERP software have their data, and most important information, stored in one single and methodical location.
2. Operational Costs Are Reduced
You may feel that your fledgling food business shouldn’t invest in ERP software; it’s luxury you can go without for now. If you’re interested in turning a profit quickly, this is a mistake. From manufacturing processes, to accounting and marketing, an ERP brings vast operational efficiency gains that reduce costs and impact profitability immediately.
3. It Gives Strong Data
If you’re running a food and beverage company, data is one of the most powerful business tools you have. Leading ERP software systems consolidate accurate, precise data into a single location. A coherent and comprehensive dashboard delivers all the information you need to see one place. Data is accurate, up to date, and can empower the very best business decision making. ERP systems for food and beverage companies also provide strong data security. With security breaches more common than ever before, the added protection afforded by food and beverage ERP software makes it a wise investment.
4. Provides More Accurate Forecasting
Artificial Intelligence (AI) plays an important part in the best ERP software systems. AI and Machine Learning (ML) algorithms increase the accuracy of demand forecasts by predicting consumer demand and other complex causal factors, to deliver the most accurate forecasts available. In these uncertain times, Cashmere systems predictive analytics approach driven by AI and ML, dramatically helps all our F&B clients increase the accuracy of their demand forecasting processes.
5. No More Manual Spreadsheets!
Another important and positive benefit associated with ERP systems is the reduction in manual data entry which it provides. Many food and beverage businesses still rely on chaotic Excel spreadsheets, which take so much time to populate. Instead, an ERP system’s automated processes can do all the work for you. And your employees are freed up to spend time in other areas of the business.
If you want to gain a stronger grip on the demand planning side of your enterprise, get in touch with Cashmere today. Our inventory and order management software, purchasing software, demand planning software, and advanced ERP solutions are powered by AI and serve F&B clients around the world.
