Between now and 2050, the world’s population will increase from 7.2 billion today to 9.6 billion in 2050. This will require a 70% increase in food production, without additional land or natural resources to do so[Source: FAO, UN]. With finite resources, it will take innovation and use of new age technologies to meet the world’s food demand and serve the customers. This includes using new technologies.
Operational issues, stemming from a new delivery partner, have seen KFC restaurants fall ‘fowl’ of a chicken shortage. The crisis has forced franchisees to operate limited menus, shorter opening hours or close their doors altogether.
Managing your costing, prices, and margins is a never-ending effort that requires continuous updates and a high level of managerial control. Today’s cloud-based ERP and analytics solutions can reduce the complexity of this effort and increase the likeliness of its success.
When you want to make sure that you can deliver the right food product when consumers want it, you try to align distribution, production, procurement, and all other processes with that goal. Modern, powerful ERP and analytics can help you take the uncertainty out of demand planning and make the effort more efficient.
Would it be a good idea to always make sure that your demand planning truly matches what resellers and customers want, and cut the amount of over-production and material waste to the absolute minimum possible?