The consumer goods industry includes manufacturers that make products sold to consumers, such as:
- Household Goods
Consumer goods companies face a variety of pressures ranging from the price of raw materials needed to produce their goods, to the energy needed to run their manufacturing plants.
Packaging and distribution challenges also contribute to issues faced by the sector. Therefore, consumer goods producers should constantly seek to reduce costs, increase quality, introduce new products, and improve efficiency while driving supply chain performance.
To achieve these ends, most companies will look to consumer goods ERP systems with advanced functionality.
Critical Requirements of a Consumer Goods ERP System
The consumer goods industry is driven to meet the requirements of retail customer preferences. Retailers demand that goods are manufactured to their unique requirements, delivered within aggressive lead times, and shipped to highly variable forecasts.
The consumer goods industry is also impacted by increasingly complex customer and regulatory mandates related to reporting, labels and other areas. Additionally, seasonal forecasts, Electronic Data Interchange (EDI), distribution, and optimizing production require a consumer goods ERP system with optimal workflow.
Consumer goods companies should evaluate the following critical requirements:
- Business Intelligence
- Internet Portals – Both Consumer and Vendor
- International Shipping
- Multiple Currencies
- Customer Relationship Management (CRM Software)
- Quoting & Estimating
- Order Processing and Available-to-Promise (ATP)
- Electronic Data Interchange (EDI)
- Document Management
- Forecasting and Demand Planning
- Supply Chain Management Software
- Warehouse Management Software
- Cost Accounting
- Human Resources