Cloud ERP and F&B Industry
Web searches for Cloud ERP and F&B Industry are trending now though appropriate solutions are few and far between.
There are some unique challenges. Food recalls generally mean trying situations for the producer especially when it comes to leveraging business information to contain the damage as lack of production process control, actionable data and inappropriate lot trace-ability can result in a public health safety risk, liable damage suits and subsequent punitive action by the government. There is also the added pressure of business operability that production should have minimal downtime and maximum output while ensuring the production of high quality products. This can only be done when potential problems are tackled with the help of appropriate data before they actually occur and managing problems effectively when they do occur. With visibility into the operations, issues can be resolved more quickly or even be addressed before they manifest.
The Cloud ERP is trending with its affordability, all time and access on the go with comparable security with legacy solutions. The F&B industry is therefore showing interest in the Cloud ERP.
Is Cloud ERP being used in the F&B space
Manufacturers in the food and beverage (F&B) industry using Cloud ERP’s are reaping significant benefits from the cloud and leaving laggards behind. Cloud ERP adoption in F&B industry is bringing more transparency and clarity from the factory floor to the highest echelons of management. High resolution product traceability with the complete genealogy, batch recipe management, inventory optimization, and automated compliance and quality management are some of the functionalities that are being easily addressed by a cloud ERP solution.They have found that there is full integration and interpretation of real-time operational data collected from the manufacturing operations and made available to the leadership team is the key to finding avenues to control costs, streamline operations, and improve customer satisfaction levels.This process control automation results in more efficient processes that have inbuilt regulatory compliance and documentation. Manufacturing process stakeholders and decision makers are able to get data on their entire supply chain and monitor operations in real time from their mobile device.
Food and beverage manufacturing businesses need to track & trace lot information for ingredients coming from suppliers and finished goods going to customers to react effectively to potential problems. The solution must enable you to track individual lots, bins, or packages accurately so you can tackle a food safety issue or recall as you can reduce your culpability and manage the crisis.
With the right cloud ERP for the F&B industry, you can access comprehensive historical data on the supply chain, production, inspection, genealogy, and usage at any time and from anywhere with an Internet connection. This could mean identifying the source of a specific ingredient via the cloud ERP for the F&B niche in which you are in a matter of minutes versus the four hours requirement by the U.S. Food and Drug Administration (FDA).
Without the ability to track all data related to batch recipes you could face an expensive and time-consuming recall of your products or worse – severe issues of brand & market share erosion and customer retention issues.
If your company produces dozens or even hundreds of recipe formulations, the amount of data to be handled could be a huge task but by relying on the right cloud ERP solution this can be done accurately from any location and in a hassle free manner.
Excess inventory is more than just an additional cost in the food industry as when perishable raw materials with a shelf life are involved, surplus inventory and delays in processing can also lead to production losses and quality issues.
Detailed traceability, both upstream and downstream from production to shipment helps its users achieve higher profitability by minimizing inventory holding costs, better sales closures & honoring of commitments, lesser wastage and reducing potential delays due to lack of raw materials to name a few.
OUR VALUE PROPOSITION
We at Versa Cloud ERP have created a multi award winning, secure, comprehensive Cloud ERP solution that is e-commerce and mobility ready. The Versa Small Business Cloud ERP dba VersAccounts system is accessible anytime, and on any smart mobile device. Our Cloud ERP is ready for the F&B industry with some clients in that space.
It is affordable and targeted towards SMB’s and is backed by a promise of dedicated support. It is being used by clients in diverse verticals and could help you redefine the way you operate and grow your business.
Our solution is designed for fast growing businesses, between $1-$50 M in annual revenue, looking to upgrade business management solutions like entry-level accounting products or mid-tier legacy on-premise ERP systems or even those looking at comprehensive and affordable ERP solutions.
Built from the ground up on the latest cloud and mobile technology, the Versa Cloud ERP system allows businesses to automate and optimize their operations across multiple companies, countries, and currencies with one integrated ERP system.
We will help you in a structured manner to migrate your data seamlessly from Epicor, Infor, QuickBooks, Microsoft Dynamics, MYOB, Sage, SAP Business One etc when you make the decision.