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Food Industry
At Neat Data, we recognize the unique challenges and opportunities facing today’s food producers. Our tailored analytics solution is designed to empower food industry professionals with actionable insights, driving efficiency from farm to table. We help food producers activate their sales teams, optimize supply chains, and respond dynamically to market demands. Embrace the future of food production with Neat Data, where innovative analytics meet industry expertise.
Using an all-encompassing food analytics platform is daunting, so we have created analytics packages. Each package provides sophisiticated dashboarding and data analysis. You can hit the ground running with the Sales, Forecasting, Inventory and Financials packages.
These packages can integrate with any food company ERP.
Sales are the lifeblood of every business and the food industry has unique challenges.
Forecasting food product sales is imperative because the food industry is highly seasonal.
Food inventory warehouses have high volume items in addition to high turn products.
Receivables, GL accounts, and payables are just the beginning for food companies.
Information Dashboards
Sales & Orders Package
Sales are the lifeblood of every business. The food industry has unique challenges because it is a high volume, low margin business and demands a high performing analytics platform.
- Sales leaders need to measure and manage their team.
- Sales teams need to provide their wholesale customer with timely information to guide them through planning
- Product teams need to analyze trends and product take rates
- Scheduling teams need to understand the demand placed on each product
Neat Data’s Sales and Orders package provides analysis for product trends using time intelligence, allows sales leaders to measure sales rep performance, and provides finance leaders sales amount with margins.
Forecasting Package
Forecasting food product sales is critical in the highly seasonal food industry. Seasonal peaks are closely aligned with certain holidays and periods throughout the year. Many food producers adapt their operations and sales strategies to capitalize on these seasonal trends.
Neat Data’s Forecasting package supports the planning process throughout the year. Plan your weeks leading up to each holiday, track them previous years, input week-by-week percentage change from the previous seasons. Use this data to manage your wholesale customers, aid in scheduling, and drive year over year sales.
Warehouse Inventory Package
Managing warehouse inventory is a significant challenge for food companies, primarily due to the perishability of their products. Achieving the right balance between ensuring freshness and minimizing waste is a complex task.
- Perishability and Demand: The perishable nature of food products requires maintaining precise inventory levels, a task complicated by fluctuating demand and diverse product requirements.
- Regulatory Standards: Companies must navigate strict regulatory standards, adding another layer of complexity to inventory management.
- Recall Management and Cost Control: Efficient recall management and cost control are critical, especially with the backdrop of volatile food prices and seasonal variations.
Financials Package
Food companies face financial challenges stemming from fluctuating prices of raw materials and goods, which directly impact their profit margins.
- Supplier Negotiations: Negotiating better terms with suppliers is key by extending payment periods or even lowering prices based on volume.
- Cost Control Measures: Identifying and implementing cost-saving measures, such as optimizing sourcing, reducing waste, and streamlining processes, to improve cash flow and profitability without compromising quality or customer satisfaction.
- Cash Flow Forecasting: Being accurate with cash flow forecasts is essential for financial stability while considering factors like production cycles, seasonality, and sales projections.
Neat Data’s Financials package closely measures accounts receivable, accounts payable, purchase orders, and general ledgers. Close analysis keeps you on top of the ever changing financials landscape.
Product Datasheet: Neat Data for your Food ERP
Our Neat Data platform provides a pre-built data warehouse for your ERP.
- Your most important Food data
- Time and money savings
- Actionable data available on day 1
- Four packages to solve your business units’ challenges
Mastering data across any industry
Neat Data's analytics platform offers versatile solutions tailored for the Food, Telecommunications, and Warehouse Industries.
