Why 2020 Is the Year for Investing in a New Food & Beverage ERP
February 24, 2020
It’s 2020 and, like it or not, we’re all living and working in a digital world. Whereas once investing in the latest technology was a good way of outpacing the competition to provide you with that all-important competitive edge, now it can prove to be more a case of ‘so what?’ More and more businesses are investing in the same technology to merely stay profitable never mind become a market leader.
This is particularly the case when it comes to food and beverage manufacturing, where tight margins result in the constant quest to do more for less, all while keeping that one step ahead of the competition. And while ERP solutions form the backbone of many food and beverage businesses, what was good enough a few years ago isn’t necessarily good enough now.
So, what can food and beverage businesses do? They can start by ensuring their ERP solution is the right fit for their business. While it’s not necessary to create a custom-built solution for every implementation, investing in solutions specifically designed to deal with the complexities and nuances of the food and beverage industry is a must. Not only do these solutions bring with them purpose-built capabilities and templates for each industry we serve, but they also bring with them industry-specific expertise in the shape of consultants who are not only ERP experts but food and beverage experts, too.
One Robust Solution
ERP alone is no longer enough to ensure a food and beverage business stands out from the crowd. There is a real need to embrace digitization across the entire business and extend the solution landscape beyond the limits of certain ERP solutions.
Bringing in solutions that look after the shop-floor and warehouse management, for example, puts technology at the heart of every part of the business, with the right solutions able to be fully amalgamated. With this kind of integration, users are able to see previously unseen levels of actionable insight. Not only does this enable the business to pinpoint opportunities for efficiency savings in all corners of the organization, but the bringing together of seemingly disparate business processes and functions makes for a more agile, responsive organization, as well as nurturing a culture of continuous cooperation and improvement.
Further efficiency savings can be realized through the deployment of systems in the cloud instead of on-premise. More and more food and beverage businesses are moving to cloud solutions with a view to support their digital transformation for the good of the organization. By going down the Software as a Service (SaaS) route, not only are businesses saving themselves the time, effort and cost involved in hosting and managing solutions on-premise, but they’re benefiting from faster, more regular updates and upgrades, keeping pace with the ever-increasing rate at which technology develops. And, in-house resources can be diverted away from day-to-day solution issues, focussing instead on adding real strategic value to the rest of the business.
For food and beverage businesses to use technology, and ERP systems in particular, to gain that vital competitive edge, they need to reassess how they use it. Good enough is no longer acceptable for those businesses who are serious about deriving real value from their solutions. By choosing the right combination of technologies, deployed in the most effective way possible, food and beverage businesses can future-proof their technology investments, all while securing real cost and efficiency savings for an overwhelmingly positive effect on the bottom line.