Consumer Packaged Goods
Consumer Packaged Goods
Transforming Your Challenges into Opportunities with SAP Business One
Consumer packaged goods companies operate in a dynamic and competitive environment, facing various operational challenges. From managing complex supply chains to meeting evolving consumer preferences and shifts in behavior, CPG firms must navigate a range of obstacles to sustain growth and profitability. A recent Deloitte survey found that 62% of CP company leaders expect continued supply chain disruption, making inventory optimization more challenging. High return rates further complicate the issue, highlighting the importance of product quality and customer satisfaction.
We Get It Because We Lived It
Partnering with CPG companies for decades, we know the pains…
- Complex/Disrupted Supply Chains
- Inventory Optimization
- Accurate Demand Forecasting
- Competitive Pricing
- Evolving Consumer Trends
- Advanced Forecast Models
- Digital Transformation
Tailored Solutions for Real-World Problems
You navigate a landscape of intricate supply chains, demanding consumer preferences, and fierce market competition. SAP Business One and Third Wave solutions deliver control, predictability, efficiency, and growth.
You shoulder the responsibility of streamlining production, managing distribution, and upholding quality standards amidst regulatory demands. SAP Business One is your ally.
You navigate the intricacies of a fast-paced industry. With SAP Business One and Third Wave, you gain tools tailored to the CPG sector, such as cost tracking for non-durable goods, batch-level profitability analysis, and compliance management for industry-specific regulations.
SAP Business One offers specialized solutions for CPG, ensuring seamless integration across diverse systems, fortifying data security for sensitive customer information, and facilitating compliance with industry regulations.
SAP Business One Navigates the Complex Landscape of Consumer Packaged Goods Challenges
As the original SAP Business One implementation partner in North America, we deeply understand the hurdles CPG firms encounter. We tailor solutions to address your sector’s nuances, tackling intricate supply chains and shifting consumer demands. Through our expertise, we optimize operations, refine inventory management, and bolster demand forecasting. You will be able to navigate market shifts confidently to grow profitably.
Streamlined Supply Chain
SAP Business One equips CPG companies with robust tools for optimizing supply chain operations, such as Demand Planning. This feature enables businesses to forecast consumer demand accurately, align production schedules accordingly, and minimize inventory holding costs, ensuring efficient inventory management and timely order fulfillment.
Enhanced Inventory Management
SAP Business One empowers CPG firms to implement advanced techniques, like Batch Management, ensuring precise inventory tracking and traceability throughout production and distribution processes. This feature enables businesses to maintain quality control, comply with regulatory requirements, and meet consumer expectations for product safety and authenticity.
Accurate Demand Forecasting
With the ability to analyze historical sales data, including trends, seasonality, and patterns, coupled with statistical algorithms, SAP Business One enables precise predictions of consumer demand.
Effective Pricing Strategies
With tremendous flexibility around price lists, pricing agreements, volume-based pricing, promotions, and discounts, CPG firms can implement dynamic pricing strategies. This will ensure pricing decisions align with market dynamics and business objectives.
Consumer Trend Analysis
CRM functionality allows businesses to track customer interactions, preferences, and buying behavior. Tools like Market Basket Analysis help CPG companies analyze transactions to identify patterns and associations between purchased products. This facilitates cross-selling, product placement, and promotional strategies.
Sales and Operations Planning (S&OP)
SAP Business One supports sales and operations planning processes by integrating sales forecasts with production, procurement, and inventory management. This holistic approach enables businesses to align supply with anticipated demand more effectively and optimize resource allocation across the organization.
With Third Wave’s deep understanding of industry challenges and innovative solutions tailored to your unique needs, coupled with SAP Business One’s comprehensive suite of tools, you’ll gain the efficiency, and agility to thrive in today’s dynamic CPG landscape. Elevate your business to new heights with SAP Business One and Third Wave by your side.
Developing an ERP Implementation Plan for Enterprise CPG Businesses
An ERP implementation can be one of the most complex projects a company may undertake, with consequences that can impact the entire organization. Developing a CPG ERP implementation plan is a vital step in the process, helping your company to minimize disruption to employees and get the system up and running as quickly as possible.
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We launched Third Business Systems over 20 years ago to provide growing businesses like yours a reliable, proven partner for life - one that understands your business first, and then solves stubborn process challenges by creating solutions with SAP Business One.