Manufacturers in the food production sector face a unique and complex set of challenges – seasonality, expiration and best use of single input, to name just a few. All in a fast-moving and unpredictable market where retailers are applying ever-increasing pressure.
With its ability to handle the most challenging planning problems, Optimity delivers true market differentiation and will help to drive your success and growth.
When you’re dealing with small profit margins and limited shelf-life products, inventory has to be kept as lean and fresh as possible. With Optimity you don’t have to choose between delivery performance and profitability. Simply set your target service levels and let the system find the most profitable way to deliver.
Create accurate forecasts down to the SKU level for each market and channel, and make adjustments at any level. The built-in machine learning capabilities automatically detects seasonal demand patterns and supports sales promotion planning.
Optimity provides complete, multi-echelon inventory planning that helps your planners to determine the optimal safety and cycle stock levels for each SKU at every location. It will also inform them of any projected shortages, expiry issues and signal when warehouse re-allocations are justified.
Simulate and compare multiple scenarios to mitigate supply chain risks and to better understand the impact of your decisions.
Successful food and beverage companies rely on a well-functioning S&OP to balance supply and demand, and ensure key business goals are met. With Optimity you are not just reconciling demand and supply plans – you are optimizing them for maximum profit. When you’re working with a holistic view and one set of plans, S&OP becomes more efficient, effective and strategic.
The tool is very intuitive to work with and the speed at which optimized plans and scenarios can be generated is invaluable. It’s a real decision support tool for the business and so fundamentally different from our old Excel approach.
With more trustworthy demand plans, we can not only serve our customers better with less stock, but we can also plan our sourcing to get better prices, and avoid expensive spot market purchases.
For the first time, we’re all looking at the same data – in ways that are meaningful to our roles. Optimity has helped us link up the business, and our cross-functional communication has become much more streamlined.
Optimity has the right strategy, tons of experience and above all an easy-to-use system that helps our planners do their job and to optimize based on what creates value.
Industries such as seafood, dairy and meat processing face specific challenges – where a single input not only needs to generate multiple outputs of differing value – but must also be used in its entirety. The paper talks about the best ways to plan for profit in the food processing sector.
