Food & Beverage
In the Food and Beverage industry, out-of-stocks often translate into lost sales. With cut throat competition and razor thin margins, those that don’t concentrate on operational details are left out to rot. This applies whether you’re involved in a specialty or mainline food manufacturing/distributing, or whether you serve grocers, convenience stores, food service, or the big box mass merchants.
Food and Beverage companies can see a wide range of demand behavior from very fast to slow movers. These inventories must be managed to insure not only product availability but also freshness. Products the customers want must be on the shelves, yet in small quantities and fresh enough to minimize costs, spoilage, and out-of-date product.
Ultimately, responsiveness, cost control, and execution determine who wins and who loses a customer’s business.
Challenges:
- Accurately forecasting future demand
- Consistently high customer service levels—an unserved order usually means a lost sale
- Managing spreadsheets that determine what to stock, how much, and when to order
- Product expiration and substitution
- Incorrect mix of inventory items
- Difficulty maintaining appropriate min, max, and safety stock levels
- Efficiently filling trucks or freight containers
- Too many stock-outs
- Purchasing/replenishment optimization
- Complex multi-node supply chains
Our Recommendations:
Core Distribution Modules
- Demand Manager – forecasting, safety stock, and reorder point planning
- Requirements Planner—advanced supply planning, optimization, and PO generation
- Economic Order Manager—Economic Order Quantity, ABC analysis, and service level goals
- Exception Signals –exception based management of both supply and demand streams
Possible Expansion Modules—based on specific business need
- Sales & Operations Planning –connect organizational strategy with operations
- Supply Base Manager—vendor lead time performance management
- Demand Collaboration Portal –collaborative forecast facilitation tool
- Logistics Collaboration Portal—PO tracker for offshore product in transit
Next Steps:
- Read some of our success stories in Food & Beverage
- Download RockySoft product literature
- Contact us to request more information
- Contact us to schedule a demonstration of the Pack Light Inventory Management Suite®
Your inventory, our passion!
A partial list of our Food & Beverage distribution customers:
- Roadtown Wholesale
- Pitco Foods
- Ole Mexican