8 Reasons How Sage X3 can Spice Up the Food and Beverage Industries

The food and beverage industry has always been advantageous for business owners and huge tycoons, making it one of the most lucrative businesses overall. The food and culinary structures on different continents are the most diversified on the world. The worldwide food and beverage industry is predicted to increase at a compound annual growth rate of 6.1% from $5838.8 billion in 2020 to $6196.15 billion in 2021.

A food and beverage industry should be well prepared to face the problems of handling industry-specific requirements such as orders, inventory, and production while minimizing total cost of ownership. Food firms also face some of the most fluctuating supply and demand in the company due to the difficulty in anticipating demand, which results in wasted stock or lost revenues from understocking. Greytrix addresses the challenges of the food and process manufacturing industries with Sage X3- an ERP software suite that includes integrated functionality for financial management, sales, customer service, distribution, inventory, manufacturing, and business intelligence.

The following are the top 8 reasons Sage X3 can benefit your business:

Recall Management and Lot Traceability

Due to the significant risk of perishability, real-time lot tracking and recall management are critical for companies dealing with food and beverage. Sage X3 enables a continuous flow of information on food source, processing, transportation, and storage. It enables you to allocate and collect Lot numbers linked with vendor numbers at the time of receipt. Lot traceability and recall management are improved by automatically generating Lot numbers for finished items. With automated recall functionalities, ERP food processing enables both forward and backward traceability across the supply chain.

Pricing and Contract Management

Sage X3 contains enterprise-specific features including pricing and contract management. Sage X3 ERP beverage industry and food industry is a comprehensive system for advanced order fulfilment and inventory allocation, with capabilities for shipping and routing operations. By standardizing the relevant procedures, this increases visibility and management. It also improves financial visibility by monitoring and regulating processes for tracking, forecasting, profitability, and customer demand management.

QA/QC Processing

Ensure the quality of the final food items is one of the most important aspects of the food and beverage industries since it may affect the overall status of your organization. Sage ERP X3 provides robust quality control capabilities that enable product separation and inspection by setting quality rules by item or group within the system. In the Sage X3 food processing system, all test results are recorded and stored alongside production history.

Procurement of Raw Materials

Sage X3 food manufacturing's strong planning and control features give real-time and historical information for the acquisition of raw materials, allowing you to manage inventory levels, costs, waste, and shorten the final product development cycle. Sage X3 helps you to control variability effectively in continuous flow or batch process production. Sage X3 beverage and food industry software predicts expected yields by comparing planned inputs to planned outputs and fills these parameters prior to starting a production event.

Risk assessment

Food and safety compliance is critical to the success of the food and beverage business. Failure to follow the guidelines might result in major financial and operational consequences. Sage X3 provides customers with a thorough perspective of corporate operations, allowing them to take educated measures in accordance with regulatory regulations, and it allows automated compliance-related activities for quick supply chain procedures.

Single and multiple sites Management

By integrating operations in a single instance, Sage X3 reduces the complexity of running a business from several locations. Because the food manufacturing industries cater to different locations and obtain resources from warehouses at different sites, Sage X3- is versatile with multiple entities, multiple sites, multiple legislations, and currencies, allowing for easy management of intercompany site transfers, inter entity transactions, and consolidated group accounting and reporting. Its multi-tiered, scalable solution allows for a single deployment across all sites, eliminating the need for additional technologies.

Workflow and Automation Alerts

Sage X3 automates credit holds, purchase orders, support requests, invoicing, and contracts to simplify procedures. It enables you to transport data across apps and build bespoke connectors for time-consuming manual tasks. Reports may be planned and automated in the desired format, and additional reports can be configured to run automatically based on business objectives.

Business Analytics and Reporting

Sage X3 is a simple and versatile reporting tool that may help you unlock crucial business insights. It offers organizations with significant vital business insights by reducing time and giving control over business operations to fulfil the food and beverage sectors' demand and supply demands. Users receive a thorough overview of the processes, allowing them to readily drill down into the specifics and ensure a steady flow of information.

Identifying business management solutions that have a strong foundation in the food and beverage processing industry and can meet your specific requirements with minimal customizations will be critical to your success, whether you are a business considering an upgrade to your existing ERP or planning to install your first ERP solution. Sage X3 ERP is a quick, agile, and adaptable system that delivers crucial business analytics and management capabilities to promote process transparency. Greytrix Africa solves the issues encountered by the Food & Beverage businesses with precise reports and charts by analyzing industry patterns and devising a strategy with a unique ingredient for success. 

For more information about Sage X3 for the Food and Beverage Industry, please contact us at sales@greytrix.com.

Originally published by Greytrix Africa Ltd.