Overview
Managing operations in the food & beverage industry was always challenging with unpredictable commodity costs, short shelf lives, stiff competition, and retailer pressures. With increased regulatory requirements, operational visibility & optimization from farm to shelf has become even more important.
Operational visibility
Visibility to the extended supply chain provides revenue predictability, accurate customer commitments, reduced obsolescence through timely promotions, fewer recalls & easy track & trace.
Process insights
Accurate & continuous monitoring of metrics help identify problematic operational areas and fix the underlying cause. The insights help with compliance too.
Proactive alerts
Alerts based on continuous monitoring of data from various sources, enables proactive collaboration with supply chain partners. This enables recapturing some of the revenue and margins usually lost to sub-optimal operational execution.
Food & Beverage Industry
Capabilities
Supply
Management
- Supplier delay impact assessment on manufacturing and sales
- Alerts based on trends, ASN & GR postings
- Lot monitoring for easy recall of finished products
- Vendor timeliness, fill-rate & quality management
Manufacturing & Inventory
- Real-time assessment of short & excess production, WIP inventory
- Monitoring of production schedule & cost
- Equipment maintenance & repair performance
- Complete batch genealogy with up/downstream track
Shipments
- Real-time monitoring of shipment condition (sensor data)
- Alerts based on deviation from route plan, weather reports, etc.
- Carrier and route performance analysis
Customer Management
- On-shelf availability & sell-through rate related alerts
- Time on-shelf analysis & retail inventory optimization
- Promotion alerts based on stock aging & expiration dates
- Instant track to identify unit locations
Key Benefits
Visibility into
operational exceptions
Grow profitably with strategic and actionable insights. Recapture a portion of the revenues and margins left on the table due to out-of-stock situations, excess/expiring inventory and fulfillment compliance related customer chargebacks.
Comply with product
traceability regulations
Achieve track and trace at the batch or unit level. In a climate of increased regulatory attention this is a necessity. With OpsVeda the traceability can also be linked to exception handling & alerts for more targeted promotions based on remaining shelf-life.
Reduce costs, optimize
revenue and inventory mix
Reduce SLA linked penalties, reduce LTL shipments, replenish optimally on-time, run timely promotions. Analyze inventory mix to maximize overall sales volume, and profit.
Improve
customer service level
Smart fill-rate management, inventory allocation, production tracking and downstream adjustments are key to improving the service to and experience of customers.
Case Studies
CPG, Food & Beverage
Reduce Lost Sales through Efficient Logistics Operations
Reduce Lost Sales through Efficient Logistics Operations GraceKennedy’s (GK) mission is to deliver the taste of Jamaican and other multicultural foods to the world GK […]
CPG, Food & Beverage
Leverage OpsVeda Margin App to Increase Profitability
Leverage OpsVeda Margin App to Increase Profitability GraceKennedy’s (GK) mission is to deliver the taste of Jamaican and other multicultural foods to the world GK […]
CPG, Food & Beverage
Improve Field Sales Performance and Operations
Improve Field Sales Performance and Operations GraceKennedy’s (GK) mission is to deliver the taste of Jamaican and other multicultural foods to the world GK manufactures […]