Improving Your Food and Beverage Business with Real-Time Analytics
If you’re in the food and beverage industry, you’re faced with high expectations for quality, consistency and productivity. This extends beyond the quality of your products and how quickly you deliver them to customers to important company data and analytics.
When you’re making decisions based on accurate, real-time data, you’re able to move your business forward and you avoid costly mistakes that can take time to bounce back from.
Spreadsheets and reports — which long ago were the standard way of managing company data — are outdated. They aren’t the safest or most accurate way to store and keep track of business insights.
Luckily, there are more robust solutions available today. Food-specific ERP software solutions give food and beverage companies the accurate data they need to transform their businesses.
Let’s look into how your food and beverage business can improve the accuracy of your data and the decisions you make with a food-specific ERP software solution.
Make Decisions Based on Facts, Not Intuition
Many businesses have always relied on manual ways of storing company data like spreadsheets, Excel files and Word documents. While these methods have worked for some businesses in the past, it is incredibly risky.
Files may exist on more than one computer, which opens up the possibility of data being out of date and inaccurate. If you realize that your information is incorrect, it becomes a game of having to rely on memory or intuition in order to update company records.
An ERP solves this challenge, bringing all your company information together in one central location with real-time updates. Department members have access to accurate data that they can use without fear or worry that it may be incorrect. Your software should work for you, making everything easier.
When it comes to data and analytics, you want facts, not fiction. Your business can’t thrive with inaccurate data. Once an ERP is in place, you don’t need to worry about the quality or accuracy of your data.
From Overwhelming Data Collection to Specifically Targeted Analytics
Many software solutions provide overwhelming amounts of data. The value of data is in your ability to analyze it and make decisions. With all of the time it takes searching through loads of data, metrics and information, you could actually be making decisions that will push your business forward. An ERP solution removes tedious tasks and pushes relevant information to the forefront.
With a food-specific system that features business intelligence functionality, the heavy lifting is done for you. The system runs calculations and highlights data that is relevant to your needs and updated in real-time.
This helps avoid wait times that typically occur when relying on your IT department to generate reports. Accurate insights are readily available with dashboards organized by areas of business, which ensures that the data you see is relevant to you. With real-time visibility, you have more time to evaluate and make all the necessary decisions based on those insights.
Pre-Built and Customizable Dashboards
One of the simplest ways your food and beverage business can improve its relationship with data and analytics is by making that information easily accessible within your solution. That’s where pre-built and customizable dashboards are critical.
When your dashboards are organized by areas of business, users at all levels and across all departments can use information that is relevant to them, their needs and their roles. Most ERP systems are accessible on computers, tablets and smartphone devices. This gives any user the ability to easily access the right information, at the right time, on the right device.
One of the great flaws of spreadsheets and disconnected systems is that there are too many opportunities for mistakes to happen. With a solution designed for the food and beverage industry, all of your important data is stored in one place, creating one source of truth.
Moving On To Trustworthy Data Storage
Moving away from spreadsheets, Excel files and sheets of paper that carry company data may be hard, especially if it’s how your company has always operated. But with the lack of security and accuracy that comes with an old way of managing data, businesses can never truly move forward and take advantage of benefits available in newer solutions.
The benefits of using an ERP system for your food and beverage business are clear. By creating one central space for all relevant company information that is updated in real-time, you have access to data that is accurate and will allow you to make the best decisions for the future of your business.
With industry competition on the rise, it is crucial to have the proper software in place to provide you with necessary data and insights so that your business can do more than just compete — it can succeed.
For more information on how Aptean’s food and beverage solutions can provide your business with the visibility, tracking and control you need to take your business to the next level, reach out to us. We’d love to talk.