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CFOs everywhere are sitting in the hot seat.

Companies face price inflation that hasn’t been seen in four decades. Supply chains, still staggering from the pandemic, have been disrupted again by the Russia-Ukraine war. 

Meanwhile, on Main Street, business shutdowns and openings due to COVID-19 have provoked tidal shifts in customer demand. Amid this turmoil, the labor force is experiencing a reset of expectations about work. As a result, the cost of hiring and keeping the best talent has gone up. 

Mixed signals from the economy also keep turning up the heat on CFOs. Are we moving toward a genuine recession with higher unemployment, declining demand, and reduced profits? Or, will we have a soft landing as the inflation rate cools over the next six, twelve, or eighteen months?

Running a business requires a lot of supervision. This is particularly true when you work with time-sensitive products such as food items, beverages, or pharmaceuticals. As with anything that humans ingest, you must be mindful of freshness and expiration dates, amongst many other factors. Batch management has been around for many years but, as production increases, so does the potential for human error. Using an ERP software for lot management maximizes your business’ control over day-to-day operations while allowing you to plan ahead efficiently.

How can your business do more with less? 

Less effort. Less waste. Less error. 

In the food and beverage sector, with its traditionally tight margins, that’s the recurring question a financial leader asks every workday. 

Fortunately, the right Enterprise Resource Planning (ERP) software can provide transformative answers to that question for small and medium-sized businesses.

Because food products have an important and direct impact on consumers' health, they are submitted to high safety requirements, which makes them prone to recalls. Recalls are not only costly, but they are also damaging to the growth and reputation of the affected company.

When it comes to choosing an ERP system, many companies and operation managers rely on big international brands. With large budgets, multinationals deploy powerful marketing and communication activities, giving them a very visible public profile.

Our food consumption habits evolve with time, scientific progress, the economic situation, and public health, among other things. The recent COVID-19 epidemic has accentuated many of these habits and brought new ones to light.