ERP for FMCG Business
FMCG stands for Fast Moving Consumer Goods, which are products that people use up quickly. They are things like food, drinks, cosmetics, and medicine that you need to use or eat soon after you buy them. FMCG products don't last very long, so they have to be sold and used quickly. They are used every day, so people buy them a lot more often than other things that last longer.
FMCG companies are very important for the economy of a country. They sell products that people use every day, like food and drinks. These companies have to compete with each other to sell their products, so they need a good way to get them to the stores. The products are cheap, so people buy them a lot. This makes the companies work all the time to keep up with the demand.
ERP software is an important tool for FMCG companies. The software has many features that can improve how the FMCG industry works. ERP software connects all parts of your business & facilitates information & communication sharing. The software consists of various modules that work together to create a network of departments and departments.
FMCG products can be classified into various categories.
Benefits of ERP software for FMCG Business
Full automation in ERP software allows FMCG businesses to respond to product demand and supply quickly.
Business Intelligence provides real-time statistics and information to help management make strategic decisions.
The software also makes managing finance and accounts simple by recording and storing every transaction in real-time.
Efficient logistics management.
Helps Lower the COGS.
Quality Control and Testing.
Adhering to Government Guidelines.
Ensure appropriate labeling of products.
Improves Brand Reputation.
Manage and monitor your multi-location or multi warehouses' purchase, sales, stocks, payable, and receivables in a single place.
Effortlessly create sales orders and generate invoices instantly from the customer's location using integrated mobile solutions that leverage livestock data.
With the inventory management module, it's easy to track inventory & stock.
Additionally, ERP software for FMCG industries ensures that the products' quality remains intact and meets industry standards.
Ability to segment target customer for business based on customer data.
Better product identification with real-time Geo location and expiry dates.
Efficient procurement and demand management.
Accurate processing and documentation.
Integrating EDI and ERP for Managing External and Internal Communication.
Transportation Management (including Freight Charges and Overhead Expenses).
Automating Sales, Purchase, and Inventory Management.
Automating Supply Chain Management.
Maintain Product Consistency.
Make your salesman carry a handy product catalog with a live products list in the mobile application which also tracks and automates Salesforce operations.
What Features to Look for in FMCG ERP Software for Business?
Inventory Management
- Stock Monitoring : track stock levels in real-time, set reorder thresholds, and generate automated restocking alerts.
- Warehouse Management : optimize storage space, manage multiple warehouses, and monitor inventory movements.
- Material Tracking : track the movement of materials from suppliers to customers, with visibility across the entire supply chain.
- Order Management : manage orders from multiple channels, monitor order fulfillment, and optimize shipping and delivery.
- Lot Tracking : track products by batch or lot numbers for quality control, recall management, and traceability purposes.
- Serial Number Tracking: track individual products by serial number for warranty and repair management, and to prevent counterfeit products from entering the supply chain.
Supply Chain Management
- Supplier Management : Manage supplier data, track supplier performance, and optimize supplier relationships.
- Purchase Order Management : Create and manage purchase orders, manage approvals, and track deliveries.
- Transportation Management : Optimize shipping and delivery routes, track shipments in real-time, and manage transportation costs.
- Import/Export Management : Manage customs clearance, track imports and exports, and optimize international trade activities.
- Demand Planning : Predict demand for products, identify potential supply chain bottlenecks, and optimize production and inventory levels.
- Quality Management : Manage quality control processes, track quality control data, and optimize quality assurance activities.
Sales and Distribution Management
- Customer Management : Maintain customer data, manage customer interactions, and analyze customer behavior.
- Sales Forecasting : Predict future sales, identify sales trends, and optimize sales strategies.
- Channel Management : Manage multiple sales channels (online, retail, etc.) and optimize channel-specific marketing and sales activities.
- Pricing Management : Set prices based on market demand, manage promotional pricing, and optimize pricing strategies.
- Sales Quoting : Generate customized quotes, manage quote approvals, and track quote-to-order conversion rates.
- Sales Performance Management : Track sales team performance, monitor individual sales activities, and provide incentives and commissions based on performance.
Financial Management
- General Ledger : Manage financial transactions, track expenses and revenues, and generate financial statements.
- Accounts Receivable : Manage customer invoices, track payment status, and optimize collection activities.
- Accounts Payable : Manage vendor invoices, track payment status, and optimize payment activities.
- Budgeting : Create and manage budgets, track budget performance, and optimize spending activities.
- Cash Management : Manage cash flow, track cash balances, and optimize investment activities.
- Financial Reporting : Generate financial reports, analyze financial data, and provide actionable insights to managemen.
Quality Control
- Inspection Management : Manage inspection schedules, track inspection results, and optimize inspection activities.
- Non-Conformance Management : Manage non-conforming products, track corrective actions, and optimize quality control activities.
- Complaint Management : Manage customer complaints, track complaint resolution, and optimize customer satisfaction activities.
- Root Cause Analysis : Identify the root causes of quality issues, implement corrective actions, and optimize quality control processes.
- Compliance Management : Manage compliance with regulatory requirements, track compliance activities, and optimize compliance activities.
- Document Control : Manage quality control documents, track document revisions, and optimize document control processes.
Production Planning and Control
- Bill of Materials Management : Manage product structures, track components and materials, and optimize production planning activities.
- Capacity Planning : Optimize production capacity, track resource utilization, and identify potential production bottlenecks.
- Production Scheduling : Generate production schedules, manage production workflows, and optimize production processes.
- Shop Floor Control : Monitor production activities in real-time, track job progress, and optimize shop floor activities.
- Maintenance Management : Manage equipment maintenance schedules, track maintenance activities.
Complete control of your multi-location FMCG Distribution Chain with our ERP Software
- Gain better visibility into operations across all your locations to identify areas for improvement.
- Standardize processes and procedures to ensure consistency and quality across all your locations.
- Ensure compliance with regulatory requirements and local laws in all your locations.
- Centralize data and information for easier access and analysis across all your locations.
- Optimize your inventory levels and replenishment strategies based on demand and supply data from all your locations.
- Efficiently manage operations across multiple locations in real-time.
- Track inventory levels and movements across all your locations for better stock control.
- Optimize your supply chain to ensure timely and cost-effective deliveries to all locations.
- Ensure consistency in operations and processes across all your locations.
- Streamline communication and collaboration among your team and supply chain partners in different locations.
