Food ERP Features
Production And Planning
Inventory
Sales & Procurement
Finance And Accounting
Formulation
Quality Management
ERP Manufacturing of food and beverages is one of the world's most important industries nowadays. Shifting consumer needs, globalisation, the necessity for ongoing innovation, seasonal demands, margin squeeze, severe rivalry, and so on are all issues it encounters. From bulk manufacturers to short-cycle produce, developing new high-quality items that meet today's market demands while adhering to severe food safety laws is becoming increasingly vital. This is nearly hard to achieve without the use of food production ERP software, and as time goes on, more and more companies are discovering the value of an ERP for the food and beverage industry.
The production management module of ERP helps the manufacturer to plan the process of production and to check whether all the material and machine capacity are enough or not. It also provides real-time updates of the status of goods. It calculates the average time that is needed to produce a particular food product and then compares supply with forecasted demand to plan the production accordingly.It also helps in batch management and costing.
The inventory management module traces all the inventory that comes in and will maintain a track record of it. It serves as a comprehensive guide for personnel working in the warehouse, guiding them through all warehouse processes based on the layout of the facility as to what is kept where. And the bin inventory control is a system used to determine when items or materials used in production should be replenished and replaced. The Multiple UoM function allows you to sell, buy, receive, and send products in whatever UoM that your company requires, as well as set default UoMs for different types of transactions.
The procurement module helps in knowing all the information related to raw materials, food products that are needed to be manufactured, and all the manufacturing tasks. It even keeps the track of suppliers of the particular raw material and others, tracks the quotes that are received by the firm, analyzes them, helps in placing Purchase Order once the quote gets confirmed. It helps in tasks such as inventory management, checking the material and it does reduce errors as it is an automated data creating system, is up-to-date, time and cost saving.
The production management module of ERP helps the production manager/manufacturer to plan the process of production and to check whether all the material and machine capacity are enough or not. Even during the production process, it updates the status of goods-in-progress and helps the manager to compare the actual output with the forecasted production. It also provides real-time updates of the status of goods. It calculates the average time that is needed to produce a particular product and then compares supply with forecasted demand to plan the production accordingly.
The accounting and finance feature enables organisations to understand their current financial situation as well as their future prospects. Tracking accounts due and receivable, as well as maintaining the general ledger, are key components of this module. It also generates and saves important financial documents such as balance sheets, payment receipts, and tax returns.
It can help the accounting department close the books on time and in compliance with current revenue recognition criteria by automating operations such as billing, vendor payments, and account reconciliation. It also contains the information that financial planning and analysis employees require to generate crucial reports, including as profit and loss statements and board reports, as well as run scenario planning.