What is one of the most crucial parts of the ERP system purchase process? It might surprise you, but it’s actually creating the RFP. The RFP is a critical document. If you don’t get it right, you could wind up with an ERP system that doesn’t meet your needs.
Read on to learn what you should do when creating an RFP for your ERP system and what mistakes to avoid so you don’t waste time or money, and you purchase the right ERP solution.
To be a food or beverage manufacturer is to face enormous amounts of risk. These are highly regulated industries in which the slightest mistake could actually cost customers their lives, and penalties for failing to comply with the law are jail time. On the less serious end of the spectrum, changes in customer demand are also a risk food and beverage manufacturers must navigate.
The world is changing around us, yet are we keeping pace? That question is especially relevant in the food industry.
Over the years, we’ve seen a shift in the retail landscape with a move towards retailer consolidation. More and more consumers are buying food products online, too. How do these food industry retail trends affect manufacturers, and how can they manage these shifts successfully? Read on to learn more, as well as what kinds of technological solutions they can use to handle these changes.
There has never been a more complex time to be a player in the food industry. The industry is highly regulated. Competition is fierce. Ever-changing customer demands can make or break a firm. How do you manage the challenges of supply chain management in the food industry and remain successful?
Lean mindset companies define their work as driving value to customers. Yet many digital initiatives such as ERP implementations push work to people with business software dictating what to do and when to do it – restricting problem solving to the system instead of the people.
Kale isn’t anything new – it’s not the invention of some mad scientists in a lab. So, why in 2012 did its popularity skyrocket? A campaign by a PR professional (who also really likes kale) catapulted the cruciferous vegetable into the spotlight, where it’s stayed ever since.
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You would think that being a player in the food and beverage industry, you’d have it made. Everyone needs to eat and drink ; in the EU, food and beverage expenditures average almost 13% of household consumption, and the industry generates one out of every six dollars of the US industrial output. However, challenges abound in this space.
When faced with the decision to purchase and implement new technological solutions, the first thought that comes to mind is, “What’s the ROI?” Generally, ROI is expressed as a number – after all, the formula is ROI = net gain/cost. Let’s say you buy a $5,000 software system and you then go on to make $7,500. That’s an ROI of 50%!
Sometimes, the sources of ROI are less obvious. However, that doesn’t mean that they’re any less important or that they shouldn’t be considered at all. Read on to learn how four hidden sources of ROI in your ERP implementation can transform your entire company, making it more profitable and sustainable.