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07 SepWarehouse Management

Sage X3: Transforming the Distribution Processes through Digitization

Supply chains are more complex than ever. Driven by bottlenecks brought to light during the pandemic, manufacturers have rapidly diversified supply lines to help reduce the risk of shortages or delays.

But the introduction of more suppliers to existing supply chains has also increased overall complexity: How do companies effectively manage the sheer volume of orders, payments and distribution needs across distributed supply chains?

Here’s how Sage X3 can help.

Challenges in Streamlining Supply

According to research firm McKinsey, aerospace manufacturers typically have 200 tier-one suppliers but more than 12,000 across all tiers. Automakers, meanwhile, have 250 tier-one suppliers and over 18,000 across the entire supply chain. Even technology companies have more than 7,000 suppliers across all tiers — and given the current (and ongoing) shortage of components, even this number may not be high enough.

The massive amount of suppliers now necessary to sidestep potential supply issues, however, means that companies are now managing multiple orders and payments simultaneously. Order too much from too many suppliers and the result is wasted money and at-capacity inventory space. Order too little or lean on a single supplier too much and the result may be delays in production that could lead to consumer dissatisfaction and customer churn.

Adding to this complexity is the need for ongoing supplier evaluation. Are suppliers living up to expectations in quality and quantity? Are they meeting delivery targets? This ties directly into distribution for brands with a global supply footprint: If legacy IT infrastructure can’t keep pace with evolving supply expectations, the results could be costly.

The Sage X3 Advantage

Sage X3 makes it possible for companies to digitize key supply and distribution processes, in turn reducing complexity and streamlining key operations to improve the customer experience.

Key advantages of Sage X3 include:

Supply Chain Visibility

See what’s happening across your supply chain with real-time visibility into global supply networks. Armed with complete visibility, businesses are better prepared to anticipate potential challenges, respond to emerging issues and ensure that components and products get where they’re supposed to be ASAP.

manage your distribution process with Sage X3 software

Warehouse and Inventory Management

Sage X3 provides complete understanding of your warehouse and inventory processes. This includes product profitability, order to cash, and warehouse operations, in turn making it easier to stock, pick, and fulfill orders more efficiently.

Operations Optimization

With the ability to easily manage supplier quality and performance, Sage X3 helps companies optimize their purchasing decisions and asses product margins. This make it possible to pinpoint potential weak sports in current supply chains and make adjustments to ensure reliable distribution.

Native Mobile Support

Don’t tie yourself to desktops. With Sage X3, you can empower a mobile sales force with visibility into customer data, current stock, past purchases, product quotes and any promotions, all using any connected device.

Sales and Marketing Integration

Go beyond supply and distribution with complete sales and marketing integration that lets you easily manage sales force assignments, track team targets, and calculate commissions.

Delivering on Distribution

It’s one thing to talk about benefits — it’s another to highlight hard data. On average, companies using Sage X3 saved 5 full-time employees (FTEs) annually, saw a 13% reduction in overstocked inventory levels , and saved more than $2,080 in customer service hours.

Here’s why: When businesses are equipped with the tools they need to fully integrate their distribution functions, monitor supplier quality and compliance, visualize and optimize inventory in real-time, and leverage native mobile apps for sales and purchasing, it’s possible to make distribution part of the larger value proposition, rather than a challenge that needs to be overcome.

Put simply, Sage X3 empowers companies to take control of their distribution from end-to-end. By digitizing key functions and delivering on customer expectations, organizations can delver on the potential of business transformation.

Take your supply and distribution management to the next level with Sage X3. Ready to get started? See how IWI Consulting can help. Get in touch today.

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16 AugERP/Business Solution

How Sage X3 ERP can Meet Your Plant-Based Manufacturing Needs and Challenges

Plant-based food production is now big business. According to Bloomberg, the worldwide plant-based food market will be worth more than $162 billion by 2031. In Canada, meanwhile, demand for plant-based foods has risen significantly over the past few years: In 2021, consumer interest in plant-based foods rose by 8% and outpaced demand for conventional food and beverages.

But sustained growth doesn’t mean that getting foods to market and capturing consumer interest is easy – lacking effective policies and procedures to manage food production, quality control, and tracking, companies can find themselves fighting for a spot at the table.

Here’s how Sage X3 ERP can help.

State of the Plant-Based Food Market

While plant-based foods are becoming more popular, challenges remain in production and processes. Some of the most common issues include:

  • Taste and texture

As noted by Food Industry Executive, the taste and texture of plant-based foods remain a challenge for companies. For example, seafood and cheese are often difficult to replicate – the use of new solutions such as microalgae and prolamin technologies could help align food taste and texture with consumer expectations.

  • Food safety

Depending on their composition, some plant-based foods are more prone to spoilage and therefore potential safety issues. As a result, manufacturers need ways to effectively track and manage expiration dates and ingredient lists such that they can provide accurate information to consumers.

  • Ingredient tracking

Just like their meat- and dairy-based counterparts, customers want to know where their food is coming from. Specifically, they want to know more about ingredient origins and producers. In addition, the Government of Canada requires food producers of any type to comply with traceability requirements.

  • Cost management

Plant-based companies are also looking to control costs by ensuring production processes are as efficient as possible and ingredient spoilage is kept to a minimum.

Sage X3 ERP for food and beverage manufacturing

Sage X3 ERP for Plant Based Food Manufacturing by IWI Consulting Group

How Sage X3 ERP can Help Streamline Food Functions

The Sage X3 solution offers six powerful capabilities to help companies better manage plant-based food functions.

  1. Operations

Sage X3 operations capabilities include traceability management, allergen reporting, and recall management. This makes it possible for companies to improve the total visibility of ingredients, ensure that allergens are effectively managed, and ensure they’re ready to take action if recall notices are issued.

This is especially critical for long-term reputation: If businesses take action quickly to resolve issues, they’re more likely to generate consumer confidence.

  • Supply chain

Sage X3 ERP can also help plant-based food producers better manage global supply chains. By making it possible to collaborate with global suppliers while remaining compliant with local food safety and distribution regulations, companies are better prepared to solve supply chain issues as they occur.

  • Warehouse and inventory

As noted above, plant-based ingredients may be more prone to spoilage than their meat or dairy counterparts. Sage X3 warehouse and inventory management tools make it possible for companies to manage food inventory at scale to reduce the risk of wasted goods and increase total profitability.

  • Finance and accounting

Successful plant-based food production also depends on robust finance and accounting frameworks. Sage X3 ERP offers cash flow management, profitability analysis, and compliance solutions to help companies ensure they’re making the most of the growing market.

  • Sales and marketing

Seventy percent of customers surveyed said they would be open to trying plant-based products. The challenge? Getting the word out. Sage X3 helps sales and marketing teams connect with potential customers by combining CRM tools with the power of mobile for maximum impact.

  • Customer service

Agile customer service can make the difference between loyal consumers and customer churn. Sage X3 offers quick access to relevant customer data, in turn making it easier for teams to manage customer requests and improve overall satisfaction.

And it doesn’t stop there. The cloud-based nature of Sage X3 ERP makes it possible for companies to scale production process monitoring and ingredient traceability on-demand, meaning businesses are better prepared to meet evolving market demand. Ready to take your plant-based food production to the next level and address emerging market challenges? Start with Sage X3 ERP – see how IWI Consulting can help.

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07 JunERP/Business Solution

Recipe for Success: Sage X3 for the Food and Beverage Industry

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.

Sage X3 for Food and Beverage Industry

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.

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24 MayWarehouse Management

Intelligence Drives Advancement: Exploring the Supply Chain Impact of Sage X3

Supply chain disruptions aren’t going anywhere. According to the New York Times, a “normal” supply chain is unlikely this year, and while longer-term outlooks predict that the scope of disruptions will shrink, time alone won’t be enough to solve supply chain woes. The Times article puts it simply: “It will require investment, technology, and a refashioning of the incentives at play across global businesses.”

But what does this mean for your enterprise? As the world looks to address issues at scale, how can your organization take action to improve current operations and increase overall efficiency? SageX3 can help. Equipped with intelligent, on-demand supply chain solutions, your business can get ahead of the crowd and deliver on evolving expectations. Here’s how.

Current Supply Chain Challenges

Supply chain challenges in Canada continue unabated: 90 percent of Canadian manufacturers say that they’re currently experiencing supply chain issues, which are in turn reducing production volumes and driving a downturn in sales. While differing industries face their own unique challenges in supply and demand, four factors are common:

Supply Chain Management ERP

 

Supply Chain Management – IWI Consulting Group

  • Global unrest

Geopolitical tensions have ramped up significantly in the wake of the pandemic. From global conflicts to rapid changes in national health policies, companies are hard-pressed to get accurate information about when supply chains will operate as expected and when they will experience significant delays. While many businesses have expanded their supply chain framework to avoid the risks of single-sourcing, additional suppliers require additional management time and oversight.

  • Ongoing staff shortages

Sea- and airports around the world continue to experience staff shortages due to both illness and evolving job markets. As a result, shipments are often sitting in docks or hangers for far longer than expected, in turn making it harder for companies to create reliable production and delivery timelines.

  • Increasing freight costs

While the global cost of shipping peaked in late 2021, costs are once again on the rise this year. According to the IMF, these costs are likely to persist at least through the end of 2022, making it a challenge for companies to get what they need, when they need it — without breaking their budget.

  • Sudden supply changes

Given the unstable supply chain climate — from initial goods acquisition to packaging, transport, and arrival — it’s easy for shipment details to change at a moment’s notice. For example, a company might discover after shipments have arrived that they received only half of the promised materials, putting their production quota and delivery volumes in doubt.

How Sage X3 Can Help

Supply chain tools are now commonplace among businesses to help manage and monitor the movement of raw materials, completed products, and logistics providers from end to end. The problem? Many of these tools are outdated. Designed to work with legacy systems and solutions, they often lack the ability to connect with cloud resources or leverage data on-demand. The result is a data delay — businesses don’t have the supply chain information they need until it’s too late.

supply chain management ERP like Sage X3 can help equipped with intelligent operations and intuitive controls, Sage cloud offerings can help your business advance in three key areas:

  • Better decision making

Intelligent data analysis empowers better decision-making. Equipped with information about where supply chains are operating as expected and where they’re encountering issues, companies are better prepared to make decisions that drive business success. For example, if Sage X3 analysis suggests an emerging problem with a current supplier, companies can transition to alternative options until the issue has been resolved — rather than waiting until the problem has already affected production.

  • On-demand collaboration

The global nature of supply chains means that companies benefit from real-time, on-demand communication. Sage X3’s centralized, single source of truth paired with instant communication tools makes it possible for teams to quickly connect with suppliers and determine where quotas will be met, where problems may occur and where actions are necessary to address specific issues. Access to reliable communications also makes it possible to minimize overspending upfront and control costs over time.

  • Superior supply chain visibility

What you can’t see can hurt you. Given the complexity of multi-source supply chains, it’s now critical for companies to achieve end-to-end visibility. Lack of clarity at any point in the supply journey from raw materials suppliers to component producers to goods transporters can have significant downstream effects as companies struggle to realign production quotas if only some — or none — of the promised materials arrive. Sage X3 automates the collection and management of supply chain data, in turn giving your team the information they need to follow up on potential problems and identify effective solutions.

Ready to take on supply chain challenges with Sage X3? Get in touch with IWI — for more than 20 years, we’ve been helping Canadian businesses make the most of Sage solutions.

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26 AprERP/Business Solution

Thousands of Brands are Using Sage X3 — Here’s Why

Regularly listed as one of the top 20 enterprise resource planning (ERP) solutions worldwide, Sage X3 continues to make market inroads as more companies make the move to this agile, cloud-based solution.

But what really sets it apart from the pack? Why are thousands of brands seeing better ROI thanks to Sage X3, and why are thousands more making the switch? Let’s find out.

Embracing the Need for ERP

90 percent of organizations now consider their successful ERP implementations a success, but fully half of all implementation efforts fail the first time.

The result? While brands know that ERP systems deliver value for operations, bridging the gap between knowledge and action often proves difficult. Here’s why: As the market diversifies, there are a host of ERP options available to companies. From massive, industry-leading providers to small startup solutions, organizations have a wealth of choices.

But this choice comes with a challenge — not all ERP systems are created equal. Some are purpose-built for specific industries, while others rely on proprietary technology that doesn’t play well with other systems. Still, others leverage more flexible architecture but can make it difficult to connect with legacy data sources and tools.

Sage X3 ERP offers the best of both worlds: Advanced architecture backed by industry-leading agility for easy implementation.

Sage X3 ERP

Where Sage X3 Excels

For businesses looking to improve their ERP process, Sage X3 offers five key benefits:

  • End-to-end visibility

The more you see, the better. From materials purchasing to supply chain logistics and sales data, more visibility means more control over your business. With streamlined dashboards that help your team quickly access all aspects of inventory and warehouse operations, you’re better prepared to make strategic decisions that maximize profitability while reducing potential waste.

  • Intuitive design

The Sage X3 experience starts with intuitive design. Unlike older ERP systems, Sage was built from the ground up with speed and simplicity in mind. This makes both deployments and uses straightforward and seamless. Your teams can get up and running ASAP, and since Sage X3 is built for maximum usability, businesses are in a better position to deliver successful first-time ERP deployments, rather than wasting time and effort with second, third, or even fourth choices.

  • Intelligent analytics

How much are you spending? When? Where? Which processes are meeting performance goals, and which need improvement? Sage X3 delivers intelligent analytics that makes it possible to understand performance and costs in real-time across your organization, in turn allowing you to pinpoint areas that aren’t living up to expectations. Consider a production line process that’s reducing total efficiency. Without the visibility afforded by Sage X3, your business sees the outcome — decreased productivity — but may not be able to pinpoint the root cause. Intelligent analytics make it possible to discover what’s not going to plan — and more importantly, why.

  • Adaptable operations

Sage X3 doesn’t just deliver improved ERP outcomes for a single industry. Instead, adaptable operations support industries including food and beverage producers, pharmaceutical organizations, agriculture companies, and discrete manufacturing firms. Support for multiple currencies, languages, and regulations, meanwhile, makes Sage X3 a great choice for multinational brands that require differing ERP functions depending on where factories, offices, and warehouses are located.

  • Reliable ROI

When it comes to ROI, the numbers speak for themselves. Using Sage X3, professional services organizations saw 197% ROI with a 5-month payback period for their X3 spend. Manufacturing companies saw 218% ROI with a 4-month payback period and distribution enterprises captured 237% ROI with a 4-month payback.

Put simply? Sage X3 helps companies deliver sustainable ROI that quickly pays off initial ERP investments.

Making the Switch

Sage X3 is helping thousands of brands worldwide improve efficiencies, streamline operations and increase ROI. And making the switch is simple: Companies can easily connect with Sage-authorized partners — such as IWI Consulting Group — to find the best-fit deployment for their business needs and strategic goals.

Designed to quickly integrate across current systems and operations, it’s quick and easy to get started with Sage X3 to help drive consistency, quality, and agility across your organization. Ready to make the most of your ERP with Sage X3? See how IWI Consulting Group can help.

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09 MarERP/Business Solution

Are You Going Through The Start-up Blues?

Start-ups come with their own set of excitements and vexing issues. New ventures arise from innovative or passionate ideas but need diligence and dedication to transform them into a business to reckon about. Many such innovative start-ups have already set a mark on the global market.

Do you wonder what were the parameters through which they could keep track of their own rate of growth? As objectives can differ from business to business the indicators of performance levels also differ correspondingly.

Accounting is the backbone of any business and vital for any estimation, planning, implementation, or strategizing. But, this one word is not as easy as it sounds. Accounting always involves complex financial management of all the aspects of transactions incurred in a business setup. 

But, thanks to the consultants and solution developers, accounting and reporting have become an easy experience even for startups, through cloud software like Sage X3.

A proper accounting system is required to analyze the bookkeeping records to generate the estimation reports on a monthly basis. Similarly, small businesses also rely on these estimations to review their curve of growth. 

There are some metrics that are specific to particular types of businesses to estimate their performance ratings. But, let us discuss briefly, some of the metrics or the key performance indicators (KPI) which are common in the estimation process of any business to resolve your start-up blues.

IWI Consulting Group Sage X3 ERP SMB Image

Businesses run on the quality of services provided to the demands of customers. In other words, customer satisfaction is the foundation for any business to grow. So, increasing monthly recurring revenue is an indicator of retained customers who have the potential to become loyal customers or achieve their patronage.

The common objective of every enterprise, big or small is to retain customers and prevent loss of their orders or churn. So, an increase in repetitive revenue through particular customers instead of one-time sales is one of the common metrics of good performance. 

It helps to plan on adding new employees to the team or encourage good performers with incentives. 

 KPI 1: Total Sales Revenue Generated

Monthly accounting of total revenue generated through sales of products through each customer is the critical metric to gauge the performance levels. The revenue generated has to be deducted by the number of orders returned or canceled. 

The resultant indicates –

  • quality of service on orders placed, 
  • performances of each employee, 
  • quality of a product which could retain customer satisfaction or lost orders etc

The objective is to assess the rate of growth in sales revenue or resolve the issues for any decrease in revenue generation.

KPI 2: Investment in Customer Procurement (CAC)

Every business thrives on a steady increase in the number of potentially loyal customers. The number of new customer acquisitions can grow through strategy tips of analyzing customer interests and promoting products accordingly through social media or other consultation sessions or cold emails etc.

The objective is to keep Customer Acquisition Cost or CAC minimum as much as possible through simple yet effective intelligent strategies while maintaining a steady growth in the procured customers.

KPI 3: Profit Margin

Revenue generated each month is not the metric of your Net profit. Total monthly revenue has to be deducted by all the debits like –

  • Cost of delivery, transportation, packaging, etc of sold goods
  • Cost of promoting products, CAC, etc
  • Expenses of insurance, repayment of dues, wages, etc

The resultant figure gives the Net Income or Bottom line. The objective is to architect your business infrastructure such as to keep a steady rise in the graph of Net Profit while the total debits have to be kept stable. 

The percentage of growth in the Net profit out of the revenue generated gives the Net Margin. It indicates the consistent stability and potential to grow or expand further. A low-Profit Margin demands change in the marketing strategy or overall assessment of quality services.

KPI 4: Gross Margin

Gross margin gives an estimate of the productivity of your business and is dependent on the gross profits. It also indicates the revenue generated through some products when compared to others which in turn indexes the quality of each.

Gross profits are the figures calculated after deducting only the cost of sold goods out of the sales revenue. The objective is to again keep the Gross margin on a steady rise.

While there are other KPIs that are specific to each type of business, the above metrics fairly measure the growth of your start-up. It helps in cost-effective strategizing and expansion or reassessment of employee performances or individual products. 

On the other hand, integrating all the bookkeeping to accounting for the KPIs is quite time-consuming and may result in missed opportunities for productive implementation of all your planning. Time is of the essence in every business growth.
Keeping pace with the fast digital world is another key to the growth of any business. So, to reduce the time consumed in financials and be at par with digitalization, optimize your accounting through automated Enterprise Resource Planning software, like Sage X3. To know more get a consultation @IWI Group.

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11 FebERP/Business Solution

How do you minimize waste in the food and beverage business?

Food and beverage business is one of a kind industry that makes more profit but with a lot of effort involved when compared to other industries. However, the most crucial part of management is all about handling wastes associated within the process. The food supply chain becomes more sustainable when the waste management is done right. It is normally considered as an overhead cost by the decision makers and seems to be low in fraction. But the truth is, waste unnoticed has a greater impact on the bottom line of the business. Once these get traction in the decision making process, it can make a heavy movement towards upward growth. 

It is always easy to advise but to say how to do it, needs a master in that industry. Because, the operational actions to reduce wastage involves right planning and orderliness. Having said this, we are here to help you to understand the ground reality with the right key to solve the issue. The first step all you need to improve efficiency is that you need to find where the lag is. We are discussing the problem areas and the management tips to solve them.

Overstocking

The Food and Beverage Industry does not see a steady supply and demand, it usually faces violent fluctuations. It’s always been a problem to ensure appropriate stock levels. Maybe we cannot increase manufacturing speed that ends up in raw material spoilage or sales might cause your finished product to remain at the warehouse. 

The ability to foresee consumer demand with high precision reduces overstocking thereby reducing waste. Therefore making use of good business intelligence software to accurately forecast the demand can actually be an immediate solution to reduce wastage. Sage X3 comes with that kind of robust technology with business intelligence to help you reduce overstocking. 

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Cross Contamination

During manufacturing or logistics, cross-contamination may happen through mishandling. There may be allergens or microscopic particle leaks out to the ingredients. This is the most important factor to consider because even a small leakage may have an adverse effect on bulk stocks. The problem is being addressed in every manufacturing unit and a solution is still under development.

It can be a warehouse or the process units, unless the protocols and SOP are set at high standards, cross-contaminations are unavoidable. The commitment to safe food handling relies on actively tracking the operations and distribution. Sage X3 has it all! The tracking functions in sage, for e.g. allergen tracking system makes it to track and warn to move out before they get spoiled.

Production Loss

These are inevitable losses which would need awareness but cannot be 100% eliminated. It may be the residues on equipment, or spill outs that are considered to be negligible. Practically, these wastes are  not negligible but tracking this right will have a considerable impact on loss reduction. 

Production losses are always unavoidable but in that case, having a clear picture of where exactly the losses are, help to innovate better or to take necessary actions. Henceforth, awareness about food waste is more important. Sage X3 tracks the entire process and enlightens about the losses occurred during the process. This insight is yet another seed to reduce wastage 

When it comes to wastage or loss, it is because of non consideration. Moreover, it is not negligible, it is because of a lack of systematic approach towards tracking. When a timely forecast is made, overstocking can be traced, the most unknown production loss identifying where the loss actually occurs is exactly traced. Even though the production losses are non-mitigatable, enlightenment about the system to the decision makers, allows them to strategically approach further losses. Sage X3 built with robust technology has traceability tools which are user friendly with high precision. 

Sage X3 is a tailored fit software offering unique advantages in the food and beverage businesses. Expiration management, bulk stock management and process information are few important features of Sage X3 that allows you to automate and process without you in place to manage everyday. The data and the insights that are available at one fingertip makes it a user friendly option to resolve waste management challenges. 

To have a practical experience, visit the https://iwigroup.ca/software/sage-x3/ and get a free demo. 

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28 JanERP/Business SolutionWarehouse Management

3 ways to enhance your inventory management in the Food & Beverage Manufacturing industry.

Why do Businesses Choose Sage Intacct?

One of the most important business decisions for any organization is deciding which business management solution to adopt. Sage Intacct is a leading cloud ERP solution and is particularly popular with small to medium-sized businesses.

As a solutions partner, IWI Consulting Group helps growing businesses implement ERP solutions every day. By employing an effective discovery process, IWI Consulting Group is perfectly positioned to uncover crucial insights into an organization’s unique requirements based on its growth strategies, challenges, markets, and information management. The choice of ERP solution is so important because choosing the right solution directly impacts whether the business will climb the ladder to ultimate success and mastery.

Why is Sage Intacct so popular with burgeoning small to medium-sized businesses? Here are four of the most common reasons businesses choose Sage Intacct:

Reason1: Licensing Flexibility

One of the most important features cited by businesses about Sage Intacct lies in its licensing flexibility. Not all users in an organization require the same level of access to Sage Intacct.  Sage Intacct offers licensing options that range from users requiring full access to casual uses that don’t require full access. What this means is that an organization needn’t pay the same licensing fee for a user that only requires access on an infrequent or limited basis as a user that incorporates Sage Intacct in every aspect of their workflow. Essentially, with Sage Intacct, the organization only pays for what it uses!

Food Manufacturing

Reason2: Cloud-Native Implementation For Food Manufacturing

A cloud-native solution has many benefits. With a cloud-native solution, there is no need to install software on servers locally and then maintain those servers and software. It is a fully-managed service and thus Sage takes care of all the underlying infrastructure, so you don’t have to. With a cloud-native solution then, hardware maintenance is a thing of the past. So there is the ease of maintenance, and your organization is assured of a highly available, reliable, and scalable solution.

Reason3: Partner Integrations

Sage Intacct’s flexibility extends to its integration capabilities. Sage Intacct Marketplace integrates with over 200 partners for a comprehensive and extensible solution that meets the various requirements of every business and helps future-proof your business as your business requirements change and grow over time. Sage Intacct integrates with partners that help with payroll, point of sale, tax management, time and expense, CRM, e-commerce, inventory management, finance and admin, and business management. Over 75% of Sage Intacct customers have seamlessly integrated multiple Marketplace solutions!

Reason4: Flexible and Powerful Chart of Accounts

Most solutions implement a hardcoded structure for an organization’s chart of accounts. Consider, to track 4 locations, 5 departments, and 5 projects, an organization would require 100 account code combinations! The result is an overly complicated and unwieldy set of codes. Furthermore, if a new location or department needs to be added, it could wind up forcing the business to add hundreds of accounts. Instead, Sage Intacct helps simplify your organization’s chart of accounts. All that is required is that your business configure a set of primary account codes. Sage Intacct supports tagging transactions and operational data using dimensions, offering a unique and flexible way to track and report data, while simultaneously simplifying the organization’s chart of account. By tagging with dimensions rather than using hardcoded accounts Sage Intacct supports adding metadata and context to your business’s data. Once created, a dimension may be used for any transaction.

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