Improve Efficiency and Visibility with Consumer Products ERP Solutions
Today’s consumer products businesses face a host of new challenges. Changing consumer demands are influencing innovative product design and price optimisation like never before. Add to this the increasingly stringent food safety regulations and compliance requirements, and you have a challenging business environment to manage.
To overcome these challenges, consumer products companies need to bring all of their Product Lifecycle Management (PLM) processes together in one place – with sophisticated Consumer Products ERP software that meets their specific needs.
A Selection of our Consumer Products ERP Customers
Edrington
itelligence’s people are practical, they have their feet on the ground, they appreciate the size and culture of our company and they look after their customers. We have also been dealing with the same people for a number of years now, which is useful as they know our business and systems and we don’t have to keep reinventing the wheel.
Stephen McGinley, IT Manager, Edrington
Hot Topics Driving the Need for Consumer Products ERP Solutions
Demand Management
In today’s customer-driven market, effective demand management is absolutely essential. Consumer products companies require quick and easy access to relevant information to support profitability analysis and price optimisation as they try to satisfy changing consumer tastes. The movement toward fresh, quality and sustainably produced goods means you need visibility into the sourcing of each and every product and the ability to manage short life cycles driven by new products and flavours.
Supply Chain Agility
Good planning is critical to success, but quick, efficient re-planning is just as important. With an increasing number of goods being transported daily, planning must be agile enough to respond to unpredictable events – such as delivery delays caused by traffic jams.
To accelerate decision making, access to accurate real-time information via the IoT and investment in Consumer Products ERP solutions are vital.
Food Safety
In an era defined by globalisation and digitisation, businesses require a comprehensive food safety program. This should ensure the highest possible quality across all processes and timely compliance with global regulations.
To close the gap between incidents and corrective actions, organisations in the food sector need a powerful in-memory platform, while innovative IoT capabilities can keep them ahead of competition.
Financial Management
Financial Management – Provide detailed analytics and visibility into financial performance through dashboards, key performance indicators, pre-configured reports and a powerful end-user reporting tools. With finance integrated with your consumer products ERP applications, organisations are able to comply with industry regulations with added visibility into quality standards and traceability.
Reimagine Your Business and Learn How to Compete Successfully in the Digital Economy
Here you get to know what to do. Our expert, Don Mackenzie, gives useful advice about how to create consumer-driven buying experiences and how to maximise supply chain performance.
Download nowAre You Facing Similar Challenges in the Consumer Products Industry?
- Is it increasingly difficult for you to cope with changing consumer demands and economic volatility?
- Are you struggling with shrinking operating margins due to growing global competition and fluctuating raw material prices?
- Are you suffering from compliance issues due to a dynamic global regulatory environment and the necessity to mitigate operational risk and manage non-conformance?
- Are you familiar with all the compliance issues and food safety risks?
- Are data granularity and transparency increasingly significant to your company?
If you are currently facing one or more of these challenges, we can help you rethink your processes and introduce a modern consumer products ERP solution.
Industry-Specific Processes for Consumer Products
Inventory and Supply Chain Management
- Manage inventory in multiple, concurrent units of measure where needed, and allow seamless processing in all units (e.g. pricing at the in-process scale)
- Manage all inventory formats, including customer-owned, customer-pegged (promised), made-to-order (private label), quarantined, pre-approved by quality, etc.
- Manage all traceability issues, lot track & trace, quality recall management, etc.
Sales and Operations Planning
- Evaluate all options for improving the business
- Explore product mix, customer mix, supply planning with ingredients and dry goods sourcing, supply chain costs, and optimisation of cost options to maximise margins
- Collaborate across all roles and functions to build the best plan
Product Lifecycle Management
- Streamline PLM from product inception to disposal and align the business’s product portfolio to its objectives
- Transition from R&D to production in a well-planned, thoroughly co-ordinated manner
Pricing, Promotions, and Commissions
- Manage complex customer pricing including deep top-to-bottom logic to accommodate complex contractual pricing component details
- Assign prices based on individual product characteristics
- Handle promotional pricing issues connected to the physical logistics planning cycles (inventory, transportation, etc.)
- Implement automated price optimisation based on demand
- Compensate broker/distributor channels accurately, with links to the end customer where needed
Multichannel Sales
One system to handle:
- Direct
- Indirect via brokers/distributors
- B2B and B2C e-commerce and online stores
Analytics & Yield Management
- Align analytics with strategic needs throughout your business process
- Manage yield throughout the buying, production, storage, and logistics execution processes – focus this effort on critical control points rather than inefficient all-encompassing scope
- Increase visibility to key performance areas for business leadership, real-time, in-process (no closes needed)
- Streamline end-of-month and end-of-year processes for fast, accurate completion
- Leverage embedded analytics for real-time feedback on critical issues, such as yield
Profitability Analysis
- Start with the right level of granularity to allow management of margin at the right level of detail for your business – most consumer products businesses need visibility at the customer and product level of detail
- Slice and dice your profitability analysis to see the effects of customer/revenue and product/cost mix, logistics execution, and other factors influencing profitability – use this information to improve the sales and operations planning process
Our Consumer Products Specialties
It's Often the Little Things That Make the Difference
We understand the subtle differences among the consumer products industry’s specialties. As such, we have developed a multitude of industry-specific products to provide our customers with tailored SAP solutions - whether on-premise, cloud, or hybrid.
Don Mackenzie, Consumer Products Industry Principal, itelligence Inc.
itelligence: Experience Meets Innovation in Consumer Products ERP
As a trusted long-standing partner of SAP, itelligence is part of the development process for Consumer Products ERP solutions. Combined with nearly 30 years’ experience in SAP implementations across multiple industry segments, this gives us unparalleled knowledge of the consumer products ERP industry. It also puts us at the forefront of innovation in the sector, meaning that as we grow, you grow.
What’s more, thanks to our global presence, you can benefit from our best-in-class B2B and B2C solutions and round-the-clock consulting, wherever you are.
More Useful Insights into the Consumer Products Industry
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Boost Your Consumer Products Activities with Our AddOns
Smart SAP AddOns for the Consumer Products Industry
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