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Food Inventory Management
We know that producing food is different than producing widgets. Producing food starts with raw material and ends with finished products and byproducts. The impact is significant to inventories and business decision making.
“The sales team just dropped 7 orders on my lap this morning. Do you have enough inventory to cover the orders? Where is the product located?”
– Inventory Manager
Do we have Enough Inventory for Order Demand and Do you Know its Location?
We know that managing a food company’s inventory is challenging. You might not have confidence in the current location of important products. Do you have enough inventory for current and expected orders and do you know inventory location? If you do not have enough inventory, what raw material is needed to fulfill order demand? What is the lead time for that raw material?
Impact:
- Misrotation and products aging out
- Order fulfillment not met
- Disappointed customers
- Inability to secure materials needed
- Over purchasing, leaving too much byproduct inventory
Neat Data Food Inventory Management Key Features
Managing warehouse inventory is a significant challenge for food companies, primarily due to the perishability of their products. Achieving the right balance between ensuring freshness and minimizing waste is a complex task.
- View your complete product list at a glance: complete progression of Order Demand, Inventory Levels, Demand Forecast, and Inventory Projection.
- Aggregate inventory, orders, and supply chain data from your ERP and external data sources
With a single click:
- Identify products that are in inventory jeopardy
- View a product’s recent order history by company
- See a clear view of a product’s available inventory and location
- See all the product’s information needed to complete the decision making progress
Neat Data’s Inventory Package provides effective inventory management to ensure purchasing activity keeps inventory at the appropriate levels with certain lead times based on current and forecasted sales.
Inventory Management Dashboards
View your complete product list at a glance: complete progression of Order Demand, Inventory Levels, Demand Forecast, and Inventory Projection.
Product Datasheet: Neat Data for your Food ERP
Our Neat Data platform provides a pre-built data warehouse for your ERP.
- Your most important Food data
- Time and money savings
- Actionable data available on day 1
- Four packages to solve your business units’ challenges
Neat Data for Food Functionality
Hit the ground running with the Sales, Forecasting, Inventory, and Financials pages. Leverage best-in-class Power BI visualizations.