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ERM ASSIGNMENT

TOPIC: - ERM IMPLEMENTATION IN


FOOD& BEVERAGE INDUSTRY

ERP IN Food & Beverage Industry


The food and beverages industry involved in processing raw food materials, packaging, and
distributing them. Global market forces are driving the continual evolution of the food and
beverage industry. The Indian food market is approximately Rs 2,50,000 crores ($69.4 billion),
of which value-added food products comprise Rs 80,000 crores ($22.2 billion). With food
production expected to double by 2020, large investments are already going into food and food
processing technologies, skills and equipment. Consolidation, changing consumer preferences
and increasing government regulations are dramatically impacting manufacturing and business
strategy. In this fiercely competitive marketplace, you must offer a greater variety of products to
meet consumer demand. At the same time, you must consistently and cost-effectively produce
high quality products. To be successful, you need to focus on three key business issues: financial
performance, sustainability, and brand equity. In todays global marketplace, where growth via
acquisition is prominent, the key to sustained positive financial performance is the ability to
understand and respond to consumer demands and competitive pressures while reducing cost of
production.
Challenges faced:

Changing margins
Seasonal demand of retail customers
Changing food habits of people
Pressure of adhering to stringent food safety regulations
Innovation to offer new and better products
Quality and safety issues

On top of all this, you need to keep the customers delighted and loyal. Keeping an eye on all of
these requires having a trusted companion who not only shares your workload but also brings in
vast experience and perspective to help you derive better value out of your efforts. This can be
possible by implementing ERP on Cloud for the Food & Beverage industry into your enterprise,
and rest assured.
In traditional system the company requires large interface stocks

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ERP SOFTWARE
ERP provides an integrated view of core business processes, often in real-time, using common
databases maintained by a database management system. ERP systems track business resources
cash, raw materials, production capacityand the status of business commitments: orders,
purchase orders, and payroll. The applications that make up the system share data across the
various departments (manufacturing, purchasing, sales, accounting, etc.) that provide the
data. ERP facilitates information flow between all business functions, and manages connections
to outside stakeholders. Enterprise Applications helps effective enterprises respond to changing
demand, conform to regulatory requirements and control shop floor activities. Whether
manufacturers are discrete, process or mixed-mode, whether they uses work orders or rate-based
schedules, manufacturing companies must be flexible and continuously improve their operations.
Over the past ten years there has been significant consolidation at the top of the
market, with the remaining companies looking for additional growth by expanding into new
product segments and geographies. For these large consumer products companies, a consumer
goods quality management system is not only necessary for seamless global operations, it is
becoming mandatory business application for offering high quality products at low costs

RAMCO ERP on cloud is software which is available for food and beverage industry is used in
enterprise to help food manufacturers ensure quality and accuracy in their products by providing
extensive features for traceability and inventory management. The benefits that an enterprise can
get from the ERP solution are:1. Meet food safety regulations confidently
Ensure compliance with food safety norms, with built-in HACCP capabilities
Ensure detailed quality checks at every stage of manufacturing
Carry out effective item attribute management and checklist based clearances
Manage stock ageing, lot expiry and re-testing requirements
Ensure proper maintenance of critical equipment
Attach and maintain relevant certificates using document management systems
Enforce good manufacturing practices using features such as lot tracking, multi-level
authorization, attribute handling, multiple units of measure, etc
2. Get the right prices for your products

Use the advanced pricing engine to set up pricing rules for your products
Carry out pricing estimates before embarking on introduction of new products
Manage raw material prices with better vendor management and procurement strategies
Manage and control product costs through product costing methodologies

3. Improve time to time market for new products


Ever-changing consumer preferences brought about by changing lifestyles, improved
standards of living and increasing health consciousness pose newer challenges for
manufacturers to introduce new food and beverage products faster and with high acceptance

Cary out detailed cost estimates for the new product


Carry out new product development related activities as dedicated R&D projects for
better control

Manage product trials, involve potential customers for feedback and industrialize the
formula
Analyze stock performance with inventory analysis capabilities

4. Improve efficiency of manufacturing process

Implement formula security to ensure safety of your patented formulations


Use yield/ loss calculations to track spillage/ losses better Analyze material and
activity variances to improve operational efficiency
Maintain product attributes in inventory
Manage product ageing and expiry
Ensure end-to-end traceability in the whole manufacturing process, from receipt of
first stage raw material to final product.
Use dual units of measure while managing stock
Produce in bulk and sell in different pack sizes

5. Plan better in a challenging environment

Create better material and capacity plans with Ramco planning processes
Plan for seasonal demands
Manage long- and short-term plans in tune with your planning objectives
Define planning strategies at item level for better control MRP, MPS, Reorder Level,
etc
Set rules for planning co-products and by-products Manage imports and critical item
procurements better

6. Let technology work end to end


Calling technology an enabler is an understatement today. As a food and beverage manufacturer,
we are already aware of the demands that leading retailers put forth in terms of incorporating
RFID and bar codes into inventory. At the same time, the use of technology within the enterprise
gives an edge in every aspect of business. So, ensure that it works throughout the value chain,
not just within your company but throughouteven as the goods move. Ramco ERP on Cloud
ensures that you get the most out of all the technology investments that we make.

Incorporate bar code labels into your reports


Integrate with real-time data collection systems such as SCADA/ PLC systems

Integrate with weighbridge systems to speed up goods receipt operations


Use GPS based tracking for your shipments
Get anytime, anywhere analytics on your smart devices
Conclusion
Technology is driving change throughout the food and beverage industry, opening new doors of
opportunity as well as new areas of risk and concern for companies. In the current customer
driven environment, data and analytics are proving to be increasingly valuable in getting to know
customers better. In addition to obtaining customer insight, food and beverage companies are
leveraging data and analytics to support brand and product management decisions, pricing
decisions, and looking to optimize operations

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