Planning Seasonal Food Production in Uncertain Times

DELMIA Quintiq

In any regular year, manufacturers of seasonal foods such as ice cream, beer and BBQ meat have to deal with uncertainty because consumption of their products are highly dependent on food trends and the weather. Demand planning, however, gets even tougher for manufacturers with the COVID-19 outbreak in 2020. Will sales in grocery stores increase drastically because everything else is closed or will people consume less seasonal foods?

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How Food Manufacturing Software Drives Profit [w Case Studies]

Unleashed

Effective inventory management is crucial to reducing costs in any manufacturing business. Cost reductions in food manufacturing can be achieved by using food manufacturing software that improves ordering processes and minimises overstocking of expensive raw ingredients.

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Eliminating Excess Inventory in India & China for Fortune 500 Food Manufacturer

CHAINalytics

Chainalytics helped a global food manufacturer optimise its inventory levels for a number of SKUs in India and China resulting in reduced working capital requirements and less product waste. Since food and beverage products have a short shelf life, there’s a big upside to getting inventory levels just right.

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Traceability In Food & Beverage Manufacturing is The Cornerstone of Quality

IQMS

Compliance and quality are the foundations all great food & beverage manufacturers rely on to create and strengthen trust with their distribution networks and customers. Traceability Is Key To Excelling At Compliance And Quality for Food & Beverage Manufacturing Companies. Traceability for food & beverage manufacturers isn’t optional anymore.

Making Food & Beverage Supply Chains Pay

IQMS

Bottom Line: High performance, integrated food & beverage supply chains are the lifeblood of successful manufacturers in the industry, enabling them to flex in response to customer demand. When production lines are running smoothly, product quality is up, and customer delivery dates are being met it’s a sure sign the supply chain management, inventory, and warehouse management systems supporting the shop floor are tightly integrated.

10 Signs A Food & Beverage WMS Needs Help

IQMS

Bottom Line: Food and beverage supply chains are the fuel that drives the growth of every food & beverage manufacturer today. Keeping A Food & Beverage WMS Current Is a Continual Challenge. The most common reason a food & beverage WMS will be replaced is that it’s built for a different business model and series of products in the past. 10 Signs It’s Time To Replace A Food & Beverage Warehouse Management System.

Why Cybersecurity Matters in the Food & Beverage Supply Chain

QAD

In manufacturing, most internal and external transactions were primarily paper-based. Cybersecurity Risks in Food & Beverage Manufacturing. Cyber threats can impact the food supply chain in many ways. Ransomware attacks have been on the rise against food manufacturers.

The Constant F&B Manufacturers Need in a Changing World

QAD

This is the new mantra of food and beverage (F&B) manufacturers. The ERP system is the backbone of a manufacturer, especially for food and beverage companies, and an ERP should provide nothing less than reliability, dependability and adaptability in today’s world. Here are four critical reasons why food and beverage companies should be operating with a cloud-based ERP system. My first experience in food manufacturing started with a quick lesson in finance.

Food and Beverage Industry Reevaluating Strategies to Combat Coronavirus

USC Consulting Group

This includes food and beverage suppliers, packers, and manufacturers. Indeed, the pandemic and resulting economic downturn have impacted several major organizations, and as a result, led to a domino effect resulting in back orders and food shortages. “The food and beverage industry is ramping up efforts to adjust and adapt.” In one form or another, from restaurants to processors and grocers, no food-related organization has been unaffected.

Four Critical Steps for CPG Manufacturers to Compete After a Crisis

DynaSys

The same concept works for business and manufacturing. As the world sorts through life with COVID-19 and trying to plan for the aftermath, many Consumer Packaged Goods (CPG) manufacturers and suppliers are developing and implementing risk management policies and procedures.

The Food & Beverage Supply Chain is Ripe for a Digital Transformation

Logility

The global food and beverage supply chain has been stressed to the breaking point by the COVID-19 Pandemic. Plant shutdowns due to outbreaks of COVID-19 and widespread shortages of imported food products have further aggravated an already stressed out F&B supply chain.

The Pandemic Motivates Changes in the Food Supply Chain

Enterra Insights

The novel coronavirus outbreak piqued interest in supply chain operations, particularly in the food supply chain. ” In addition to personal safety instructions, this guidance stated: “ If you work in a critical infrastructure industry, as defined by the Department of Homeland Security, such as healthcare services and pharmaceutical and food supply, you have a special responsibility to maintain your normal work schedule. ”. COVID-driven actions in the food supply chain.

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The Supply Chain Can?t Stop: A story from the front lines at Ken?s Foods

Elementum

It was Wednesday, March 11th and Ken’s Foods had a dilemma. Ken’s Foods started out as a restaurant in Framingham, Massachusetts called Ken’s Steakhouse. When their salads and dressings became more famous than their steaks, they transitioned into a food manufacturer that has grown to a $1B+ business. With no plants overseas, Ken’s Foods was spared the early supply chain ripple effect related to COVID-19 in Asia and Europe. inventory management manufacturing

Four Things You Probably Didn’t Know About Inventory Planning and Sustainability

ToolsGroup

I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Having the right inventory in the right location brings a variety of waste-reduction benefits. The place to start for a more efficient inventory stocking strategy is better understanding your demand so you can precisely predict how much goods you need, where and when.

The Growing Reliance on Traceability in Manufacturing Supply Chains

IQMS

Bottom Line: The heightened priority on health & safety is leading to a renaissance of traceability in manufacturing across many industry sectors as every business strives to keep its employees, customers, and suppliers safe. Reliance on Traceability in Manufacturing Is Growing.

31 Motivations for Reshoring Manufacturing & Updated Reshoring Stats

Cerasis

Many off-shore manufacturers have returned to the U.S., Those changes, along with high costs of transporting materials and finished goods to and from overseas locations, make the value of reshoring likely to become a compelling financial reality for many manufacturers. manufacturers hurried to produce off-shore, believing significant cost reductions and huge profits would follow. 70% of manufacturers indicate that volatile energy costs are a major concern.

Medical Device Manufacturing in 2021 – The 3 Key Challenges

Unleashed

For medical device manufacturers connected to the Covid-19 pandemic response, 2020 has been a year of growth. However more broadly the industry has faced the same challenges as other manufacturing sectors, with a -4.4% Regulations and Medical Device Manufacturing in 2021.

Planting the Seeds for Blockchain in the Food & Beverage Supply Chain

Logility

So, what is holding companies back from embracing blockchain and, in particular, what needs to be done to grow the adoption of blockchain in the Food & Beverage Supply Chain? There is no doubt that adopting blockchain capabilities can improve the ability to track and trace food and beverage products from field to fork. It is quite exciting when you think about sensing customer demand and real-time inventory positions instantly shared up and down the supply chain.

What is Inventory Carrying Cost?

EMERGE App

But while the newly arrived goods sit in your warehouse, did you know that there are also costs associated with keeping inventory? They are collectively called inventory carrying costs because they need to be paid to hold inventory. Here, we’ll explore what is meant by inventory carrying costs and their examples. Next, we discuss why businesses carry inventory at all and look at some ways to reduce their holding costs. What is Inventory Carrying Cost?

Solving Traditional Inventory Challenges with Online Inventory Control

Unleashed

Factors affecting inventory managament are becoming equally complex with multifaceted supply chains and vast networks of manufacturers, suppliers, distributors, wholesalers and retailers from which to source, distribute and sell products. Factors affecting inventory control. Inventory stock challenges range from longer, less reliable lead times to difficulty tracking inventory along the supply chain and across multiple warehouses.

Are Ghost Assets Haunting Your Inventory Control?

Supply Chain Game Changer

Do You Want Inventory Turnover Breakthrough? It’s still being recorded in inventory and accounting systems. After an asset has broken, been sold, been misplaced or otherwise become unusable, it sometimes doesn’t get properly accounted for in inventory and record-keeping. These non-assets linger in inventory and accounting systems, potentially becoming a liability for the business. Reconciliation of physical inventory with accounting systems. Subscribe Here!

Manufacturing ERP Plays a Key Role for Sustainability

QAD

While consumer products manufacturers previously led the way for sustainable manufacturing practices, a growing number of manufacturers in other sectors are treating sustainability as an important operational objective to increase global competitiveness. The Sustainability Movement in Business and Manufacturing. Many manufacturers now publish separate sustainability reports or incorporate the information in their annual report including Nexteer, Tesla, Ball Corp.,

What to Look for in a Food Distribution Warehouse Provider

Kanban Logistics

Makers of food products, however, have a host of safety and regulatory requirements to contend with that make selecting the right 3PL even more crucial. In this article, we’ll examine the many things you’ll need to look for in a food distribution warehouse provider to not only optimize your operations – but do so safely as well. A big part of most food logistics operations involves temperature and climate control. Food Safety Plan. Food import services.

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Solving Traditional Inventory Challenges with Online Inventory Control

Unleashed

Factors affecting inventory control are becoming equally complex with multifaceted supply chains and vast networks of manufacturers, suppliers, distributors, wholesalers and retailers from which to source, distribute and sell products. Factors affecting inventory management. Inventory stock challenges range from longer, less reliable lead times to difficulty tracking inventory along the supply chain and across multiple warehouses.

The Constant F&B Manufacturers Need in a Changing World

QAD

This is the new mantra of food and beverage (F&B) manufacturers. The ERP system is the backbone of a manufacturer, especially for food and beverage companies, and an ERP should provide nothing less than reliability, dependability and adaptability in today’s world. Here are four critical reasons why food and beverage companies should be operating with a cloud-based ERP system. My first experience in food manufacturing started with a quick lesson in finance.

What You Should Know About Food Distributors

Zipline Logistics

Food distributors are often a necessary part of taking your brand to the next level. With seemingly hundreds of established and independent food distributors with varying connections, how do you choose when to use who? However, this is a prerequisite for determining which food distributor to use. What is a Food Distributor? Food distributors assist brands in getting more of their products on store shelves, big and small. Overview of Large Food Distributors.

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ERP Sustains Manufacturing during COVID-19

IQMS

The COVID-19 pandemic has pushed manufacturers to rapidly shift gears, from addressing work-from-home policies to managing extreme swings in demand and uncertain supply chains. In the process, it has highlighted an aspect of manufacturing ERP that is not as visible in more normal times— business continuity. Never in the history of ERP have we seen it play a bigger role in the continuance of manufacturing operations around the world. All Posts Manufacturing Trends & News

Your supply chain is costing you money – Reason #6 Not effectively managing inventory.

Kinaxis

by John Westerveld Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #6 Not effectively managing inventory. I hate throwing food out but there was nothing to be done for it…all I can say is that I’m glad the carrots were in a bag….and Unfortunately, all the same kinds of things can happen to your supply chain inventory. Except that your inventory costs millions of dollars.

Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. What is inventory revaluation? Inventory revaluation is the adjustment of the costs of inventory to reflect changes in the recorded cost. Your inventory becomes obsolete.

The Top 3 Reasons for Label & Packaging Errors in Food Manufacturing

NC State SCRC

The role of packaging is an important contributor to total cost of ownership, as it also impacts cube on trucks, inventory storage, product safety, regulatory compliance, and customer satisfaction. Packaging errors are often the root cause of massive recalls, excess and obsolete inventory costs, and can often be prevented through a clear error-proofing process. Here are the top 3 reasons why packaging errors occur in the food and drug industries.

5 Ways to React to Supply Chain Disruptions in the Food and Beverage Industry

Halo

Drilling down, you’ll learn that demand planning, inventory, replenishment, manufacturing and S&OP capabilities are the building blocks of supply chain planning excellence. Inventory and freight optimization.

Five Capabilities to Take the Food and Beverage Supply Chain to the Next Level

Logility

Food and beverage supply chains face mounting pressure to reduce costs, add more value and do more with fewer resources. Food and beverage companies run on razor-thin margins. Supply planning enables you to profitably satisfy market demand through dynamically sourcing materials, optimizing production and manufacturing plans, reducing distribution costs and slashing lead times. 2) Multi-Echelon Inventory Optimization (MEIO).

Six Must Have Supply Chain Capabilities for Success in the Food and Beverage Industry

Logility

Last week we shared five capabilities to help take the Food & Beverage supply chain to the next level. Today, we continue this conversation and look at six must have capabilities that drive supply chain improvement for F&B manufacturers. Accurate forecasts help minimize inventory, maximize production efficiency, streamline purchasing, optimize distribution and ensure confidence in company projections. Advanced Inventory Management.

How Product Labelling Can Help Manufacturers Increase Efficiency and Accuracy

Unleashed

Manufacturers today are faced with a range of evolving requirements that complicate this process and leave many businesses merely accepting this process as the cost of doing business. Although not new, product labelling and barcodes do not reach their complete usefulness if not used in tandem with a manufacturer’s entire operations. Many manufacturers have started to follow suit. This way you know exactly where your inventory stock is.

One Man’s Trash: How Blockchain Can Target Food Waste to Help End World Hunger

Material Handling and Logistics

According to the United Nations, one in nine people today—or 815 million globally—lack access to the food necessary to lead a healthy lifestyle. Every year, one third of the food produced in the world for human consumption—or 1.3 What’s more, net food losses in developed countries (222 million metric tons) equate to nearly all of the food produced in Sub-Saharan Africa yearly (223 million metric tons).

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