Without the use of ERP software an FMCG Company faces the problem of Stock Rotation i.e. dispatch of old stock first. It is difficult to locate stock and the warehouses where the stock is stored. It also becomes difficult to manage growth and diversity of the company. Managing multiple distribution channels, controlling cost while being competitive, Quality assurance are some of the challenges for an FMCG company without ERP.
ERP ensures FIFO (First In First Out) of stock. Inventory can be managed effectively with Product Expiry feature. There is a detailed barcode thus validation is strictly enforced. The stock con also be matched with the one in warehouse.
It ensures that people don't do duplicated tasks as ERP is a robust and integrated system which streamlines all business processes of an FMCG company. Handling of numerous and complex sales offers becomes easy. It becomes possible to calculate profitability in different dimensions. Managing Distribution Efficiency and getting a snapshot of all distributers can be done effortlessly.
Sales people can be tracked without any difficulty, Sales promotion can be maintained and Items can be traced through ERP software. It also enables Mechanism to track pending Receivable and Payable claims.
An ERP system helps in inventory management by keeping a track of stock by lot/serial numbers. It supports Procurement Planning and Ageing Analysis of Stock. It also helps to manage multiple order types and Bulk dispatch of products. Accounts Receivable and Accounts Payable can be managed properly. Its Compliance Management Module helps to meet the statutory requirements.
All kinds of Reports required in an FMCG company can be generated through ERP. They can also be exported to Excel. ERP also has a drill-down option to get detailed information from the reports.
eLiteERP is an end-to-end integrated solution to tackle all the problems of an FMCG Company enabling Inventory Management, Sales & Promotion activities, Accounting Transactions, Compliance Management, Quality checks etc.