The food and beverage industry in Canada is worth more than $177 billion and accounts for 17 percent of total manufacturing sales. Canadian-made food and beverages are also exported to 192 countries worldwide, with 86 percent of these products purchased by companies in the United States (72 percent), China (8 percent), or Japan (6 percent).
According to the 2021 Public Trust Report from the Canadian Centre for Food Integrity, however, consumers feel there’s room for improvement in this industry. While Canadians expressed trust in the food industry overall, they also expressed interest in improvements to food pricing and sustainability while also asking for increased overall transparency.
The result? When it comes to collecting, analyzing, and reporting food data, companies can’t afford to fall behind. Sage X3 offers a reliable recipe for success.
Management approach by Sage X3 for Food and Beverage Industry
Sage X3 offers a new approach to enterprise resource management (ERP) for food and beverage organizations. By leveraging a cloud-based framework for data collection, management, and analysis, Sage X3 makes it possible for companies to increase visibility and productivity without additional complexity.
The numbers bear out this operational assertion: According to a recent Total Economic Impact (TEI) report from research firm Forrester, Sage Business Cloud X3 can deliver a three-year ROI of 250%, making it a low-risk, multi-benefit investment that quickly transitions from upfront spend to long-term revenue generator.
Key Benefits of Sage X3
Implementing Sage X3 for food and beverage comes with six key benefits:
- Increased operational performance
Sage X3 comes complete with in-depth food safety solutions including robust traceability, recall management, and allergen reporting capabilities. This makes it easy to respond if operations aren’t working as intended — by addressing issues as early as possible in the production pipeline, companies can increase overall performance without sacrificing quality, in turn driving increased profitability.
- Streamlined supply chains
The Sage X3 Business Cloud lets you easily collaborate with global supply chain partners to better manage the flow of goods and raw materials both to and from your business. And backed by decades of experience, Sage solutions make it possible to ensure compliance even as supply chains become more complex.
- Transparent warehouse and inventory management
What’s in your warehouse? Where? When did it arrive, and when will it be used? Transparent warehouse and inventory management with Sage X3 helps reduce food waste and increase profitability. Instead of over-ordering in case demand suddenly spikes, or under-ordering to keep costs down, comprehensive tracking of inventory levels and product profitability lets you order what you need when you need it to maximize ROI.
- Simplified finance and accounting
Without effective spend, sales, and cash flow management and reporting, it’s almost impossible to deliver sustained success and profitability. With Sage X3, your food and beverage company gets access to complete cash flow, compliance, profitability, and fixed asset account processes to give you a comprehensive view of how much you’re spending, how much you’re making, and what needs to change to maximize profitability.
- Enhanced sales and marketing
Better marketing leads to more sales and drives more revenue. With Sage Business Cloud X3, you can combine next-generation ERP with your existing CRM tools to help maximize the impact of sales data. Equip your teams with relevant data that’s accessible anytime, anywhere, and on any device to help them create marketing campaigns that drive sustained success.
- Improved customer service
Regardless of industry, customers now expect speedy and specific responses to their service requests. But this isn’t always easy, especially when key data is siloed across multiple departments in your organization. Best case? It takes extra time to find the data you need. Worst case? Customers get tired of waiting and take their business elsewhere. Sage X3 provides quick access to multiple data sources, making it easy to manage customer requests in near real-time.
Embracing the New Food Framework
Consumers and corporate partners care about where their food is coming from, how it is handled, and what steps are taken to ensure sustainability. As a result, food and beverage companies need ERP tools capable of not simply keeping pace with new food frameworks but providing accurate, real-time data that both improves decision-making and allows them to provide relevant and transparent data to customers.
Sage X3 offers the ideal combination of power and simplicity. It’s easy to get Sage X3 up and running on your network thanks to cloud-native capabilities, but the solution comes with built-in solutions to help you tackle complex operations related to food handling compliance, recipe management, and lot tracking. Need a new recipe for success? Get in touch with IWI Consulting Group and see how Sage X3 can enhance food industry operations end-to-end.