Food & Beverage Specialists: Challenges Looming in 2017
The year has only begun, and a couple of software providers have already announced their intent to focus more exclusively on enterprise businesses...Read More
The year has only begun, and a couple of software providers have already announced their intent to focus more exclusively on enterprise businesses in times ahead. In this environment, fears are growing that smaller producers, start-ups, and specialist food ventures might soon be losing access to business critical ERP software.
Do you know the strain of being tasked with managing a food and beverage warehouse, yet finding yourself tied to your desk most of the time? Good news: Mobile technology such as barcode scanning in combination with apps developed specially for warehouse management, is about to free you from your desktop.
There’s no such thing as a million dollar idea, declares American entrepreneur Aaron Patzer on the topic of the start-up he sold for $170 million (3 years after launch!). He goes on to explain that your greatest business concept, however hungry the market, is useless if you’re unable to execute your idea.
Research by a London-based insurance firm has shown a 78% spike in recalls from 2014 to 2015. The number of cases collectively tallies up to a higher quantity than the fallout of the horsemeat scandal in 2013. Insurance firm, Lockton, says that retailers have begun to demand that suppliers reimburse them for loss of profits, administration fees and marketing spend associated with recalls.
A warehouse management system (WMS) is an essential tool for any food and beverage company. All the same, the operations managers, who work to keep warehouse management systems shipshape, are rarely acknowledged for their impact on customer satisfaction.
Are you embarking on your voyage within the specialist food industry with stars in your eyes? Given the British precedent of numerous fine food producers, achieving £10m turnover within two years of setting up, you have every reason to be optimistic.
The dark side of such renowned success stories is that a much greater number of producers, wholesalers and distributors were eliminated from the competition somewhere along the journey of expansion.
Are you searching for an ERP that ticks all the boxes on your list of everyday operational functions? If you’re in the food and beverage industry, chances are that you’re getting blank stares from generalist providers when mentioning some of your most essential requirements. Sure, a company that manufactures nuts and bolts might not have any need for it, but how are you supposed to produce and distribute food without ‘shelf life’ and ‘best-before-date’ functionality?
If you’re a smaller business, building a solution from scratch is probably out of your league. What now?
Most manufacturers and suppliers in the UK food and beverage industry have acquired at least a basic software system, a platform that can deal with front-end issues, such as building the brand, gaining distribution and protecting your margins. In the case of smaller businesses (with tighter budgets) many resign themselves to managing with these front-end functionalities alone. A full-scale ERP is perhaps considered a nice-to-have, yet an unjustified expense given their financial constraints.
And yet, where the back-office functionality of a fully integrated, end-to-end solution lacks, disaster lies in wait.
If you've launched a speciality food or beverage product line in the UK market to rave reviews and an increasing number of orders, congratulations! You’ve earned yourself the opportunity to become a household name.
Ready for success? Hang on! If running a successful nationwide business was as easy as getting hold of the distribution rights to a popular product range, everyone would be doing it.
Would your software provider adapt their products and services to keep your business performing in top form? Here’s a story of how Lakeview demonstrated their commitment to providing their SME clients with an offering tailored to their market specific needs.