Why ERP Isn’t Enough For Food And Beverage Manufacturers
The food and beverage industry is worth more than $5.9 trillion, but the truth is that profit margins are razor-thin. F&B manufacturers need every conceivable advantage to thrive in an exceptionally competitive marketplace. But the industry is plagued by issues that are only increasing in number and complexity.
Smart manufacturers are expanding their market share by participating in global distribution, but stringent regulatory compliance challenges can make exporting products an adventure in frustration. Add to that the growing challenge of managing fragmented product data, coupled with consumer demands for detailed, clean labels. It becomes even more challenging to focus on new product development and maximize the lifecycle of a recipe.
Antiquated product workflow management tools — like spreadsheets — put food producers at a distinct disadvantage. Automation, and comprehensive, integrated process management solutions are a necessity for survival.
Many F&B manufacturers turn to enterprise resource planning (ERP) as a solution to solve these workflow and data management issues, but it may not meet all their needs. Integrating AI-enabled product lifecycle management (PLM) platforms are key to solving the most pressing problems.
