How does ERP for Food Enhance Inventory Management?
Inefficient inventory management spells TROUBLE for the United Kingdom food manufacturing industries. Why? Because without accurate information on aspects such as on-hand inventory, storage locations, expiry dates, and perishability, they cannot control or manage their inventory effectively. This failure means being unable to meet customer orders on time, resulting in frequent or occasional stockouts — something no organization wants. Balancing optimal inventory levels is similar to keeping an ice cream cone steady on a hot day — it’s challenging. What further complicates this matter is fluctuating customer demands, real-time tracking limitations, poor visibility into stock levels, and reliance on error-prone spreadsheets. These issues often lead to unfulfilled orders, missed sales opportunities, and financial losses due to tied-up capital and operational inefficiencies. Mismanaged perishable inventory can also lead to material spoilage and wastage, disappointing customers and da...
