If you own a food and beverage business and if you are working on your business growth strategy, here is something you should know. The popularity of SAP Business One is growing exponentially in this industry. Irrespective of your business size you will find a suitably customized solution by working with a credible SAP B1 partner. From the initial ingredients purchase to the packaging and logistics processes, Business One can transform the business operations in so many ways.
SAP Business One to Overcome F&B Business Hurdles
Businesses in the food and beverage sector have to be very cautious about all the food safety regulations. There are some national level legislations as well as local laws depending on the type of items being sold. Keeping up with these safety regulations might be difficult for small businesses in particular. Business One simplifies this step and ensures that your business would never have to face litigations due to concerns about food safety norms.
When it comes to production, storage and distribution of perishable goods, even small quality deviations can lead to major losses for the business in the form of product recalls and more. Reputation damage from such instances could also take a toll on the sales. This is why a unified channel of data management can be a huge benefit for F&B businesses. All over the world, brand-thefts are also common issues faced by several reputed firms. This can be averted by the intellectual property protection capabilities offered through a robust ERP tool like SAP B1.
All the above benefits can be huge for the small businesses in this sector. The investment made on the appropriate licensing for Business One helps secure your business’ stance in a competitive industry like this one.
Business Benefits Offered by SAP B1 in The Food and Beverage Industry
1. Better Management of Finances
For a small business working on the nuances of budgeting and finances could make a huge difference. While utilizing the limited budget, the business should also be ready to make growth-focused investments for the future. Business One has proven its functionalities in efficient accounting processes. Gone are the days of traditional on-premise ledger systems to track expenses and inflow cash. With Business One it becomes possible to accurately document real time financial transactions of all types. Even the smallest expenses can be monitored. With this, it becomes possible for small businesses to understand their cash flow better and therefore work on more productive financial reports. The business can identify areas of growth and understand if any changes are required in the project planning strategies.
2. Streamlining the Processes
Food and beverage companies have several products with short product life cycles. Continuously changing processes, always active operations, there are numerous factors that make the process flow tracking in these companies quite challenging especially for small business owners. Another major challenge is that several vendors still might rely on traditional invoicing. There might also be trouble in digitisation of data management in such companies. Incorporating the strengths of Business One from an early stage would give the business a good start in the ever-expanding industry. From raw material procurement to new product development cycles and sales and marketing channels, all the business processes can be integrated in one solid infrastructure for data management with Business One.
3. Inventory Planning Becomes More Efficient
Several aspects of a food and beverage business depend on the efficiency of inventory management strategies adopted. With several products that have a short shelf life, and several seasonal ingredients in the inventory, Business One helps automate various stages of procurement. Storage conditions can also be monitored effectively so as to maintain the quality of raw materials and finished goods. This prevents bottlenecks caused due to poor storage conditions as well as shortage of products in the desired quality. Having all these little details in a single data channel either within the premise or on cloud simplifies inventory planning for small businesses.
Also Read: Maintain Cost of SAP Business One
While ERP is the most popular module of Business One it is more of a comprehensive business management suite. With regular upgrades to keep up with the industry standards, your business will be all set to embrace the transformational new tech trends out there. So, to improve your business’ productivity, enhance customer experience while also keeping your employees satisfied, SAP Business One is that one integrated business tool you would need.