Unleash Maximum Potential of Consumer Goods Industry with ERP - PowerPoint PPT Presentation

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Unleash Maximum Potential of Consumer Goods Industry with ERP

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Consumer Goods Industry incorporates enterprises that deal with consumer products. From manufacturing to marketing and sale, Enterprise Resource Planning (ERP). ERP is a single software platform that allows enterprises to centrally manage all operations. – PowerPoint PPT presentation

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Title: Unleash Maximum Potential of Consumer Goods Industry with ERP


1
Unleash Maximum Potential of Consumer Goods
Industry with ERP
2
  • 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.

3
  • 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.

4
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.

5
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.

6
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.

7
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.
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