What are the Benefits of a Data Warehouse in the Food Supply Chain?
If your business is part of the food supply chain, then having a solution that effectively manages your data and stores it all in one place with your ERP system is very important. We’re here to tell you how data warehouse software—systems used for reporting and data analysis—should be a key part of your business intelligence and can bring numerous benefits to how your business operates on a day-to-day basis as well as your bottom line. Read on to learn more about how the right technology can elevate your food company and increase its overall success.
Food Supply Chain Management Then vs. Now
Like many industries, the food supply chain used to be managed much differently than it is today. Businesses large and small often had departments of their business siloed off, so there was little visibility from one department into the next, nor was there a central location that housed all of the company’s data. This type of system slows down productivity, causes mismatched data across departments, and increases the chances of error in the food supply chain. What’s more, since legacy software systems don’t offer much in the way of automation, managers were left to spend countless hours manually entering in and validating data. Given these disadvantages, it’s safe to say that this type of outdated solution costs businesses both time and money.
The good news is, there are modern options available that can eliminate all of these issues, giving stakeholders more insight into business operations, allowing them to better manage the food supply chain and make more informed decisions.
We call this solution the “single source of truth,” which you can read more about here. Your business needs a solution that is able to meet all of your specific food supply needs. With the right ERP and data warehouse software, you can streamline the data collection process, improve your daily operations, and create more opportunities for your business to grow.
Choosing the Right Data Warehouse Software
When choosing an ERP data warehouse, it’s better to choose a solution that’s modern and cloud-based rather than a legacy software because:
- Updating hardware and software requires ongoing investments of time and money.
- Due to the rapidly changing nature of technology, a software that’s state-of-the-art today might be obsolete in a year.
- Different levels of access may be required, making it difficult to have good visibility across the organization.
- Because there are no automatic updates, data can quickly become outdated and inaccurate.
- Data could be misconfigured and break any visualizations.
While taking on a newer technology that does multiple things at once may seem daunting at first, it is far better than going for traditional software. To meet customer expectations and to be competitive with other businesses you need a solution that will give you a comprehensive view of your customers and operations. In the long run, you will save a lot of time, money, and frustration by going with a modern solution over a legacy technology.
Introducing Microsoft Business Central
Microsoft Dynamics 365 Business Central is a great option to use for your ERP data warehouse software. It offers a flexible solution complete with several add-on options and it has multiple capabilities that can be tailored to fit any business. Some of the most notable features are:
- Out-of-the-box with a strong warehouse control system.
- A system architecture that’s able to handle the most complex of requirements.
- User-friendly and accessible, making it less intimidating to learn how to use.
- It’s both flexible and scalable, and it’s future-proof since Beck Consulting can create new functions to meet your evolving business needs.
- Eliminates the need to have several technologies, as it offers everything from financial and project management to supply chain automation to customer service features to operations optimization and more.
No matter what part of the food supply chain your food business caters to (pun intended) it’s important to ensure that you have an all-in-one solution that will keep your data updated quickly and accurately. This leads to smarter, more informed decisions being made. As our ERP software is built on Microsoft Business 365 Central, you will have the most widely-used and most successful ERP in existence, with the added benefit of features specific to the food industry with bcFood.
Working Toward the Final Output with Power BI (Business Intelligence)
Business Intelligence (BI) comprises the strategies and technologies used by companies for data analysis. BI technologies provide historical, current, and predictive views of business operations.
We see a lot of cases where the clients get caught up in the visualization aspect of their business intelligence, but we encourage them to remember that visualization and dashboards only make up about 10% of the whole picture. Much of the work that goes into having all of the data of your business streamlined into one, robust solution happens before visualization can begin.
We acknowledge that adopting a new technology into your business and consolidating all of the silos that existed previously will come with growing pains. While there is certainly a learning curve, if you’re able to stick with the process, your business will reap a lot of benefits that come with having one place to keep all of your business data.
Your customers only care about the final output, and with the right solution, you can be safe in knowing that they will get the best possible quality service and product with Microsoft Dynamics 365 Business Central combined with bcFood.
If you’re in the food industry and you’re currently unhappy with the state your business is in, creating a single source of truth with the right ERP data warehouse can completely transform your business into a much more successful one. At Beck Consulting, we know the food industry, and we’ve been using technology and software to resolve the challenges of growth and ever-changing regulations to food industry clients for over 30 years.
Built on Microsoft 365 Business Central, our ERP system is made to cater to the very specific needs of food companies. You can see what we offer on functionality here, and contact us to get started with an ERP solution fit for your food business. The list of food segments we represent has grown to include prepared foods, cheese manufacturers, wine merchants, meal delivery services, bean processors, and more.