Are you looking for a way to strengthen your business processes? As the impacts of inflation and recession begin to show across the industry, thousands of businesses are looking for ways to diversify their retention and engagement strategies at every point in their funnel – relying on food management ERP software and automation more than ever. Below, we’re digging into what food manufacturing software can do for your business and what elements of a quality system you should consider when choosing your platform of choice in 2023.
Can Food Manufacturing Software Boost Your Business?
Integrating software for food manufacturing into your daily operations is a great way to boost your business. The benefits of ERP in the food industry are extensive – most notably acting in both a client-facing and team-strengthening capacity to streamline your operations and refine your process: from the very start of your supply chain to the end deliverable.
ERP software can benefit your business in several ways, including:
- Increased transparency: Fractional systems don’t offer the same visibility you’ll get when you partner with a trusted and comprehensive food manufacturing company. This offers several other advantages, which we’ll discuss below.
- Less resource wastage: ERP solutions offer visibility over your supply chain and allow you to be more accurate in your projections and estimates, resulting in less overall wastage.
- More efficient operations: Standardizing your business’s day-to-day operations offers you the opportunity to identify inefficiencies and make your processes more sophisticated.
- Better customer experiences: From lesser incidences of foodborne illnesses to efficient and helpful communications, running your business off of a standardized ERP system often results in better overall customer experiences.
What to Look For in Your ERP Software for Food Manufacturing
Now that you see the value that a centralized cloud ERP can bring to your daily operating processes, it’s time to get clarity around what you should be looking for in your food business ERP. We’ve included a few top recommendations below:
Your ERP technology of choice should have quality control measures built into its structure, assuring you that your food product is customer-ready and at its highest possible level of quality. Whether this takes place through ongoing process evaluation, supply and distribution visibility, or some form of automated check assistance, this is an essential feature to watch for as you select your ERP of choice.
You’ll also want to ensure that there are options available for reporting, allowing you to more quickly and effectively take action on any findings.
A centralized ERP allows you to seamlessly see and act on action items in all realms – including supply, distribution, marketing, and management. Ideally, you’ll want a solution with management tools and resources across all these areas, negating the need for a secondary tool or a fractional system.
Forecasting and Planning
Inherent planning capabilities in your business’s ERP solution are vital to keeping you on track and in control of your 2023 trajectory. Your cloud ERP system should have true-time reporting capabilities across your locations and departments, providing you with the accurate information you need to grow and scale your business.
Budgetary Planning and Financial Management
Ideally, your ERP of choice should be a one-stop shop for all things business planning and execution. Your financial landscape and planning strategy is a massive part of this and should have their own dedicated space and functionality within your ERP system. You’ll want something with graduated permission statuses, only allowing key stakeholders and leaders to view your most sensitive information.
The perk of having a centralized system for financial management is a driving factor for many food businesses to make the swap to a food business ERP. You’ll be able to see down-to-the-minute accuracy in your reporting (as mentioned above) and collaborate seamlessly as you work with key stakeholders to establish the next right step for your business’s growth strategy.
Collaboration and Accountability
Managing a staff is a massive part of your business’s daily operations. Your ERP offers another way to collaborate and communicate with your team members and co-workers, offering you a reliable, singular space to execute and strategize.
Frequently Asked Questions: Food Management Systems
Below are some of the most frequently asked questions about food management systems in 2023:
ERP in the food industry stands for Enterprise Resource Planning – and it’s a process usually executed by software, allowing you to manage and strategize your business’s core operations through a single, centralized, tech-driven system.
Food businesses should consider investing in a food and beverage ERP tool at any stage of growth. This will help you to quickly dial in your processes and streamline your collaborative efforts between locations and departments – resulting in a better overall experience for your customers and team members.
Your ERP should ultimately be tailored to your business’s needs and should be strategically designed to grow and scale as you do. However, there are a few core areas of functionality that every ERP system for food businesses should include, such as financial management, supply chain management (SCM), and human resource management (HR).