Food and beverage manufacturing is a highly competitive industry where success is closely linked to efficiency and inventory optimization techniques. Streamlining, the holy grail of all inventory-centric businesses, is a hard-won trait. It is one that many food manufacturers invest a lot of time and capital to achieve.
One of the main tools at a business’ disposal – and easily the most indispensable – is the use of inventory management software. Software acts as the conduit between inventory and optimization, the mainframe which gives businesses control over the way they manage their supply chain.
This is especially important for food manufacturing businesses, where greater efficiency and optimization can spell the difference between thriving or merely surviving. With this in mind, let’s take a closer look at how inventory software is creating efficiencies for food manufacturers.
Managing stock with short life-spans
One of the greatest challenges of running a food manufacturing business is successfully managing stock that has a short life-span. Inventory software makes it possible to handle this with a fair amount of ease.
With the use of good software and the appropriate inventory management techniques, a food manufacturer’s supply chain can be made both highly visible and highly efficient. Without these characteristics, the job of streamlining (especially with spoilage-prone stock) is not only a hard task, but a problematic one.
Inventory software allows businesses to run ‘lean’ inventory levels, something that food manufacturers need as a priority. This ultimately means that stock levels can be directly linked to real-time demand, cutting down on spoilage and increasing the efficiency of production.
Having the ability to access every part of the supply chain, including all relevant data, is a must for food manufacturers. Meaningful inventory management needs real-time data and control, and inventory management software makes accessing this a working reality.
Making use of efficient technologies
Whether it’s utilizing barcode and mobile technologies, or harnessing the power of software integration, inventory management software helps businesses create efficiencies via the use of new technologies.
In this sense, it acts as a portal from which a multitude of features, techniques and functions can be accessed and utilized. Many new software solutions, especially within cloud computing, are both scalable and highly flexible. As new features and integrations are developed, businesses are able to add these to their current software package.
Putting automation to good use
Automation is easily one of the most valuable tools at a food manufacturer’s disposal. Everything from individual safety-stock requirements to which stock is sold first is made more efficient through automation, and automation is only possible by utilizing inventory software.
Article by Melanie Chan in collaboration with our team of Unleashed Software inventory and business specialists. Melanie has been writing about inventory management for the past three years. When not writing about inventory management, you can find her eating her way through Auckland.