The right business solution may be the key ingredient you are missing. The food and beverage industry has additional challenges. managing perishable products while navigating strict regulation and the ever-present danger of recalls and contamination can really impact your business. This may all seem overwhelming and unachievable. That is where you need a business management solution built specifically for your industry to meet its needs.
Keeping up with stringent and changing regulation, especially the Food Safety Modernization Act (FSMA) can be a headache for many food and beverage businesses. No element of the FSMA will have more impact than the "One Step Forward and One Step Backward" traceability requirements. You need to invest in efficient and accurate tracking systems along your supply chain in order to comply with regulations, but to implement this can be costly and time-consuming.
According to a study by Ernst & Young prepared for the Grocery Manufacturers Association, 81% of food and beverage businesses see the financial risk from recalls equal to catastrophic.
It is imperative to make sure that you are prepared for possible recalls. You will have to invest time and money in the right technology and to update your systems and business processes.
At the same time, customers expect consistency even as supply and demand and the marketplace itself changes. It is a challenge to stay in control, keep costs down and retain flexibility in response to these changes but with the right solution, it can be overcome.
Thanks to a wider awareness about the impact of waste on the environment, consumers expect food and beverage businesses to become more accountable for their supply chain and operations.
To meet these demands, you will need more access to real-time data and the ability to transform your company into a more flexible operation. Only then can you: please customers and avoid lost sales
Waste in terms of both perishable goods and process by-products can be an environmental, social and an economic issue. The right solution will help you gain greater insight into your supply chain, including inventory tracking and product profitability. It will also help you remain accountable to your consumers and protect the environment while maintaining efficiency.
It is essential to record the identity of any lot-controlled ingredient if you want to meet industry and government regulations for warranties and quality assurance.
The right solution also enables you to assign inventory to meet specific customer needs. Effective scanning and barcoding will help you thoroughly track your materials and products.
The right solution should be easy to configure, and it should help you meet the requirements of regulatory bodies. It should also gather and present business data automatically and correctly, so you can reduce administrative overheads and help your business meet its obligations.
You can prepare for possible recalls with a business management solution that gives you total visibility of your operations, comprehensive lot tracking, and detailed, accurate data at any time. If the worst happens, you’ll be able to determine the scope of the recall and prevent contaminated foods from entering the supply chain.
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