At Oodles, we undertake custom ERP software development for industry-specific business needs. Our developers evaluate the prototypical model of a business and recommend the most suitable and advantageous ERP design. In this blog post, we shall examine the significance of custom ERP solutions for the consumer goods industry.
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Impediments In The Smooth Functioning of CGIs
Lack of Accessibility
Often, consumer goods companies produce a lot of data with regards to manufacturing, shipping, sales, inventory, and workforce deployed. However, without quick or direct access to this information, managing the production and movement of goods becomes a slow process. Without the vital flow of data, the business tends to become supply-driven and gainless at times.
Operational Costs and Delays
Successful businesses are backed by exhaustive and minute planning at all levels. Without the right strategies, business processes can become inefficient and incur losses. This results in extra operational costs, delays in services and quality concerns that drive consumers away. It is, thus, essential to have a system in place that improves operational efficiency and maintains quality control.
Rigidity
One of the biggest challenges consumer goods companies face is the need for a scalable platform. Systems that support business models, and tools relevant to particular units and to a growing enterprise need to replace outdated systems.
Also, Read Custom ERP Software Development For Non-Profit Organizations
Benefits of Implementing Custom ERP Solutions
Given below are the key benefits of custom ERP solutions for the consumer goods industry.
ACCESS
Real-time access to enterprise data is an advantage that gives custom ERP solutions an edge over other management systems. Accompanied by mobility, this enables managers to access data and make and communicate decisions from any part of the world. It also supports the global nature of markets today by providing hierarchical access to stakeholders around the world.
QUALITY CONTROL
Goods can be traced for quality checks and set in reverse logistics if they do not qualify through automation. Technologies like IoT and RFID come in handy for doing so in real-time and providing operators the opportunity to implement decisions. Custom ERP solutions equipped with these technologies are game-changers in the consumer goods industry.
PREDICTIVE ANALYTICS
Custom ERP solutions are seamlessly integrated with analytics tools that observe huge datasets and find patterns in them. With the aid of these observed patterns, they forecast future trends around which business strategy can be focused. It enables companies to meet demands and earn customer loyalty.
OPTIMIZED SUPPLY CHAIN
Custom ERP solutions identify product movements and cost elements in inventory and assist in managing suppliers and allocation of resources. Consequently, it optimizes supply chain management processes for increased efficiency.
Also, Read The Growing Popularity of Intelligent ERP Software Development
Features of Custom ERP Solutions For The Consumer Goods Industry
Managing Warehouse Operations
ERP systems with warehouse picking efficiency enable a quick pick up and put away along with integration with a courier partner. Besides, custom ERP solutions allow the creation of a customized process flow and even resource capacity management with abilities to pick by voice or light.
Predictive Analytics
With predictive analytics, enterprises can readily tackle the unpredictable nature of the consumer goods industry. Organizing and stocking inventory as per sale forecasted results in improved returns and reduction in overstocking or understocking incidents.
Portals For Vendors and Suppliers
Owing to globalization, companies now buy raw materials or finished goods, for the consumer goods industry, from suppliers across the globe. The process is further aided by ERP applications where buyers and sellers quote prices, put orders and communicate shipment details.
Drop Ship PO's
Another feature of ERP is that it supports drop ship purchase orders. The ERP generates a purchase order at the time of purchase and automatically communicates it to the vendor. It saves extra expenses and labor.
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Mobile Location-based Service
Custom ERP solutions facilitate access/share data across the global supply chain. This data, however, must adhere to the GDPR norms as per the country. ERP systems allow data screening and sharing in conformity with these rules, therefore, effectively managing the cross-border supply chain.
Demand-driven SCM
Striking a balance between supply and demand is a prerequisite for a successful consumer goods endeavor. With the help of forecasting and predictive analytics, custom ERP solutions render a more demand-driven and customer-centric supply chain.
It is, therefore, a profitable venture for consumer goods companies to implement ERP systems. It will not only enhance their operational efficiency but also help build a consumer-friendly brand.
Avail Oodles' Custom ERP Solutions For All Your Business Needs
We are an ERP development company with a goal of transforming enterprises with our futuristic AI-enabled ERP development services. Our developers hold expertise in custom-designing ERP solutions to best suit varying enterprise needs. Aligned with your business goals, we provide ERP with WFM, CRM, SCM, and SaaS integrations to optimize your consumer goods enterprise. Get in touch with us to unleash the maximum potential of your business with our custom ERP solutions. Contact us at [email protected] for more details.
