Unleash Maximum Potential of Consumer Goods Industry with ERP

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Unleash Maximum Potential of Consumer Goods
Industry with ERP
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• Consumer goods are the nucleus of a consumer
  economy. Consumer Goods Industry incorporates
  enterprises that deal with consumer products.
  From manufacturing to marketing and sale, CGI can
  be broken down into as many industries as
  operational processes. Classified into
  durable(appliances, electronics) and non-durable
  goods (food, packaged goods), the driving force
  behind the consumer goods industry is the
  expansion of markets and innovation.
• With major technological advances witnessed in
  the past decade, the strategic exploitation of
  technology for operational efficiency weigh on
  most enterprises. We live in a world where social
  networks sway consumer opinion in a time when
  eCommerce is at the forefront of trade. So, the
  question is how to stand apart in building your
  brand, marketing it and selling it plentifully in
  the current scenario? The answer is Enterprise
  Resource Planning (ERP). ERP is a single software
  platform that allows enterprises to centrally
  manage supply chain, warehouse, inventory,
  workforce, HR, CRM, eCommerce, accounting and
  finance. Backed with machine learning tools
  running on artificial intelligence, ERP equips
  businesses to systematically manage their
  processes for maximum returns.

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• At Oodles, we undertake custom ERP software
  development for specific business needs. Our
  developers evaluate the prototypical model of a
  consumer good industry and recommend the most
  suitable and advantageous ERP design. In this
  article, well gain an understanding of how to
  unleash the maximum potential of the consumer
  goods industry with ERP.

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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.

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Benefits of Implementing ERP

• ACCESS
• Real-time access to enterprise data is an
  advantage that gives ERP 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 a 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 RIFD come
  in handy for doing so in real-time and providing
  operators the opportunity to implement decisions.
  ERP software solutions equipped with these
  technologies are game-changers in the consumer
  goods industry.
• PREDICTIVE ANALYTICS
• ERP software is inevitably 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
• ERP software identifies product movements and
  cost elements in inventory and assists in
  managing suppliers and allocation of resources.
  Consequently, it optimizes supply chain
  management for increased efficiency.

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Features of ERP for the Consumer Goods Industry

• 1. Managing Warehouse Operations
• 2. Predictive Analysis
• 3. Portals for vendors and suppliers
• 4. Drop Ship POs
• 5. Mobile Location-based service
• 6. Demand-driven SCM
• It is, therefore, a profitable venture for
  consumer goods companies to implement ERP
  systems. It will not only enhance their
  operational efficiency but also aid in building a
  consumer-friendly brand.

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Oodles software solutions for all your ERP needs

• We are an ERP development company with a goal of
  transforming enterprises with our futuristic
  AI-enabled ERP systems. Our developers hold
  expertise in custom-designing ERP solutions to
  best suit 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 services.