It’s no secret that margins in the Food and Beverage ERP industry are slim.

That represents a consistent challenge for managers striving to produce quality products while keeping costs down to optimize profits. But what if we told you there is a way to identify areas where your company could be missing valuable savings?

An Enterprise Resource Planning (ERP)solution could uncover hidden savings and increase your bottom line.

ERP analytics can be a powerful tool for Food and Beverage manufacturers to unlock hidden cost savings. Manufacturers can implement data-driven decision-making and optimize operations for improved profitability by leveraging advanced analytics within ERP systems.

Discovering innovative ways to boost efficiency and income while decreasing waste and uncovering savings are top goals for Food and Beverage manufacturers. And there’s a solution that all companies can use to improve financial outcomes. 

Wait, What?

The solution is industry-specific (ERP) software for food producers, like DynamicsFoodERP, powered by Microsoft Dynamics 365, from Liberty Grove. 

ERP analytics can find cost-saving opportunities without compromising quality or efficiency in the Food and Beverage manufacturing industry, such as: 

• Optimizing Resource Allocation: Analyzing data allows firms to deploy resources more effectively, ensuring that every dollar spent contributes to the bottom line.
• Analyzing Data: ERP analytics can improve supply chain management by providing actionable insights, streamlining operations, and reducing waste.
• Predictive Analytics: real-time data improves inventory control by avoiding stockouts and overstocking, resulting in significant cost savings.
• Streamlining Production Processes: Data-driven improvements can increase efficiency and save time and resources. 

The following are 6 features of a Food and Beverage manufacturing ERP that can uncover hidden expenses and help guarantee your company's bottom line remains healthy.

Optimized Production Scheduling 

Every hour – even every minute – is valuable in Food and Beverage factories, and production must be maximized to achieve targets and satisfy consumer demand. That’s why it’s essential to plan your runs and shifts so that downtime is minimal and no lines idle when they could contribute to your output. 

A modern Food and Beverage ERP will provide the necessary tools to maximize every minute. DynamicFoodERP's production scheduling capabilities help you manage resources, reduce slack times, and improve operational efficiency while delivering flexible production order scheduling options and clear visibility into work and machine center capacities. 

Benefit: no downtime, which optimizes your budget.

Effective Production Planning 

Correctly aligning supply and demand is critical for preserving Food and Beverage industry margins. Excess inventory represents lost resources, while material shortages can result in missed opportunities. You must plan to ensure that you have enough to fulfill requests without overbuying and ending up with unused ingredients or unsold goods.  

Food and Beverage manufacturing software's production planning capabilities help eliminate the guesswork in achieving this delicate balance, providing your employees with the information they need to make wiser, faster decisions. A modern ERP displays all existing sales order lines alongside available inventory and sends alerts if changes will result in misalignment, allowing you to stay ahead of possible concerns. 

Benefit: no waste, which equals no monies lost.

Flexible Production Scenarios

Not everything goes as planned, especially in the Food and Beverage industry, where supply chain interruptions and resource scarcity continue to impact everyday operations. To fully prosper in today's business landscape, you must be able to respond to changing events with agility and make adjustments as unexpected challenges arise and must be addressed. 

Preparing various production scenarios ahead of time is critical for maximizing manufacturing uptime. You may need to pivot if deliveries are late or essential team members are unavailable. DynamicsFoodERP ensures that your operations remain productive even in an emergency. 

Benefit: effective planning means optimal financial management.

Proactive Expiration Management 

As a Food and Beverage manufacturer, you know the devastating consequences of ingredient spoiling. Not only can it disrupt your plans and prohibit the manufacturing of goods required to fulfill orders, but it also represents a loss of investment in raw materials with little hope of recoupment. 

Tracking the expiration dates of all your lots and completed products is simply too hard to do manually; therefore, using Food and Beverage ERP software is better. Our expiration management features allow you to set periods and receive proactive notifications when freshness windows close, ensuring your inventory is not wasted. 

Benefit: products are scheduled for shipment well before expiry, so nothing is wasted.

Client Account Management 

An ERP allows you to specify variable prices, promotions, rebates, broker fees, royalties, billbacks, and numerous tiers within a single agreement to offer varying rates as orders increase. You can also use markups and discounts per item or client based on set units of measurement or net weight to increase profitability and close deals that generate additional income. 

Benefit: profitability and customer satisfaction.

Effective Pricing Calculation

A modern Food and Beverage ERP will feature extensive pricing capabilities, enabling pricing tiers that apply to specific clients. Users can also build advanced discounting methods and price structures depending on individual units, boxes, cases, or weight to increase sales and comply with various client agreements. 

DyamicsFoodERP’s features allow you to establish pricing hierarchies with various tiers, including customer groups and individual clients. You can also take advantage of percentage—or dollar-value-based discounts, and our intelligent algorithms will help you choose the best approach to calculating price, whether based on the cargo or the requested/promised delivery date. 

Benefit: no money is left on the table, thereby increasing your profits.

DynamicsFoodERP is built on the Microsoft Dynamics 365 Business Central platform, giving our product a user-friendly and straightforward interface. That means your production team can confidently engage with the program without extensive training to maintain high productivity and profitability. 

For executives in the Food and Beverage industry, understanding and using ERP analytics could be critical to your company's success. It can reduce expenses, improve operational efficiency, and drive strategic growth.  

Ready to Uncover Hidden Expenses?

Liberty Grove can help you use many tools and services to derive the most from your technology investment, improve your organization's productivity, and increase your bottom line.

Contact Liberty Grove for a complimentary consultation on how a Food and Beverage ERP can uncover hidden expenses and increase your bottom line.

Related reading:

Hungry for Profits? Or Are They Already on Your Menu for 2023?

7 Advantages of a Food and Beverage Cloud ERP Deployment

About the author

Liberty Grove Software is an established Microsoft Partner that focuses on providing customers with sales, service, and support for Microsoft Dynamics 365 Business Central/NAV solutions and training and upgrades.

Liberty Grove Software helps manufacturing firms compete by automating tedious operations with Microsoft technologies. Our extensive manufacturing knowledge has established us as the preferred Microsoft partner for assisting mid-sized manufacturers in increasing production.

Over more than 25 years, Liberty Grove has assisted hundreds of customers with businesses ranging from small to mid-sized to Microsoft Partners in implementing, training, customization, and upgrading Microsoft Dynamics ERP solutions.

The organization is one of only a few companies worldwide that Microsoft recognizes as qualified to provide Business Central/NAV Upgrade Service Centers.