The Top 9 Supply Chain Best Practices for Food & Beverage Distributors
Supply Chain Planning in the Food and Beverage industry is complex. From Sales to Manufacturing, to Finance, your teams are required collaborate efficiently and plan effectively in order to grow a profitable business. Everyday buyers deal with the challenges of:
- Waste due to expiration and spoilageConstantly evolving product linesCustomer service issuesUncertainty around promotions and significant eventsVaried purchasing rulesGrowth of online sales channels such as AmazonInventory shortages and surplusesA network of DCs, warehouses, customers, and suppliersLost revenue and lower margins dues to unbalanced plans
Historically, distributors have been “order takers” pushed around by much larger manufactures and retailers. Recently, distributors have started being viewed as a strategic partner since their unique position in the supply chain provides greater industry visibility due to their many and diverse upstream and downstream relationships. Distributors bridge the gap between manufacturers and retailers because they are exposed to data from both ends of the supply chain.
Our customers work on a collaborative cloud platform that provides the tools to optimize policies and decisions around selling (and delivering) vast arrays of SKUs. Most start their investment with forecast automation for improved accuracy. They want a system that lets them forecast by customer product line, SKU, or even distribution channel. From there, many also use the advanced modeling and simulation capabilities pre-built into the platform. In addition to channel management and optimization, these capabilities are essential to seasonal planning, market agility, sales growth, and profitability.By following these best practices for end-to-end planning, you will be on your way to optimizing your manufacturing operations, minimizing waste, improving customer service, and maximizing profitability. Fill out the form to download the White Paper and learn about the nine best practices for food and beverage manufacturers.