Infor M3 Food & Beverage is a comprehensive ERP solution designed to help food and beverage companies respond to changes in customer demands, manage and speed up a global supply chain, minimize shelf-life issues, and reduce waste. Whether deployed as part of Infor CloudSuite Food & Beverage or on-premise, the latest version of Infor M3 Food & Beverage provides food, beverage, and other consumer packaged goods (CPG) companies a number of new and expanded capabilities.
Think about this:
81% of consumers in the 2016 IBM Consumer Expectations Studysaid they would choose one retailer over another based on the ability to see whether an item is currently in stock and if it will arrive on time. Whether online or in store, 72% of shoppers would make a purchase from another retailer if an item is out of stock, an increase from 42% in 2011.
All the while, Amazon continues to disrupt the retail industry with supply chain innovation as it drives consumer expectations toward quicker delivery rates: 72% of consumers now consider the option of two-day delivery a key factor influencing their buying decisions.
This trend means companies can no longer compete based only on the quality of their products; they also must battle on the performance of their supply chains.
Continue reading this blog from our partner, Infor to learn how digital commerce networks can help you deliver online orders on time.
Even the best innovators have notorious flops: New Coke®, Apple® Newton, Microsoft® Zune, LifeSavers® Soda, and Harley-Davidson® Perfume are a few notable examples. Some companies can overcome blunders because their sheer size makes them unstoppable market forces. But for others, even a single mishandled launch can threaten company-wide failure.
The risks are even greater for process manufacturers who must continually innovate with new and iterative products to excite customers and generate new revenue. But the path to profitable innovation is paved with challenges: tighter launch windows, fickle B2C and B2B customers, volatile market swings, and increasing demand for unique, customized products.
An uphill battle
Product development is fundamentally more difficult in process industries. For too many companies, years of internal research and testing lead to product launches that meet with lukewarm success-and negligible profits.
Retailers have already progressed from single channel to multi-channel, and now they’re focused on omni-channel. Omni-channel, however, is often implemented as an integration between disparate systems— leaving data silos in place and creating a rigid and fragile system. While integrating existing POS, e-commerce, and distributed order management systems can help you achieve an omni-channel experience, it will be expensive and tedious to maintain in the long-term. Here's a different approach, which we call Converged Commerce.
The Food and Beverage industry has had its ups and downs, hits and misses, close calls and grand slam hits out of the ball park. Erratic seems to be an appropriate qualifier, on good days. On the other days, chaotic and confusing may come to mind. How is a food processor able to cope with never-ending waves of change, evolving restrictions, fluctuating market demands, and consumer fickleness?
Topics: Food & Beverage
Retail software hasn’t seen a large-scale, industry-changing new platform contender enter the ring since the 1990s. Since then, the retail landscape has changed dramatically—as have consumer and worker expectations. The old solutions were built before mobile, social, and the concept of omni-channel ever existed. Infor is on a mission to deliver on the rising expectations of everyone who touches retail.
Ask yourself these questions?