Fast-moving consumer goods (FMCG) companies face intense competition and complex supply chain operations. The need to deliver products to consumers quickly and efficiently has made the use of technology and software indispensable. FMCG software is one such solution that can help streamline supply chain management and improve collaboration among suppliers, distributors, and retailers.
In this blog, we will explore how FMCG software can help businesses streamline their supply chain management, and how it can help improve collaboration among key stakeholders in the supply chain.
Simplifying Order Management
One of the key features of FMCG software is its ability to simplify the order management process. With a field sales app, sales reps can easily take orders from retailers on their mobile devices. This eliminates the need for paper-based order forms and reduces the chances of errors or lost orders. Additionally, the use of a field sales app can help sales reps access real-time inventory data, enabling them to make more informed decisions about product availability and delivery timelines.
According to a study by McKinsey, companies that digitise their supply chain management can see a 20% increase in efficiency, 50% reduction in supply chain costs, and a 70% increase in order-to-delivery speed. FMCG software can play a crucial role in this digitisation process, by providing businesses with real-time visibility into their supply chain operations. With a centralised platform, businesses can monitor inventory levels, track shipments, and analyse sales data in real-time. This enables them to make more informed decisions about inventory planning, demand forecasting, and distribution strategies.
Automation of Manual Process
Another way in which FMCG software can help streamline supply chain management is through the automation of manual processes. For instance, the use of order booking software can automate the process of capturing and processing orders, reducing the time and effort required for manual data entry. Similarly, automated invoice generation and payment processing can help reduce the risk of errors and delays in the payment process.
According to a survey by Supply Chain Dive, 65% of supply chain professionals believe that technology is a key driver of supply chain innovation. FMCG software can help businesses innovate their supply chain operations by providing them with real-time data and insights. For instance, by analysing sales data, businesses can identify patterns and trends in consumer behaviour, enabling them to make more informed decisions about inventory planning and product development.
The above information is evident that FMCG software can help businesses streamline their supply chain management and improve collaboration among key stakeholders in the supply chain. By providing businesses with real-time visibility, automation of manual processes, and insights into sales data, FMCG software can help businesses optimise their supply chain operations and improve their bottom line. As competition in the FMCG industry intensifies, businesses that embrace technology and software will be better positioned to succeed in the long run.
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