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Navigating the Food Industry Trends of 2023 with Microsoft Dynamics Business Central

January 4, 2023 | Food and Beverages Industry, Microsoft Dynamic 365, Technology, Trends | No Comments

In the rapidly evolving food industry, it is important for companies to stay up-to-date on the latest trends in order to remain competitive. Some key trends to pay attention to in 2023 include the continued growth of plant-based protein, the importance of sustainability, the rise of alternative proteins, the growth of online grocery shopping, and the need for traceability. Microsoft Dynamics Business Central helps food companies navigate these trends and challenges by providing a comprehensive business management solution. With features such as improved efficiency, enhanced traceability, greater agility, and enhanced collaboration, Dynamics Business Central can help food companies stay ahead of the curve and thrive in a competitive market.


Food industry trends are constantly evolving, and it is important for companies to stay up-to-date in order to remain competitive. Here are some key trends that food companies should pay attention to in 2023:

Plant-based proteins will continue to gain popularity

Plant-based protein sources, such as beans, lentils, and tofu, have been gaining popularity in recent years due to their perceived health benefits and environmental sustainability. This trend is expected to continue, with the plant-based meat market expected to reach $85 billion by 2030. Food companies that can offer high-quality plant-based protein products will be well-positioned to capitalize on this trend.


Sustainability will be a major focus

Consumers are increasingly concerned about the environmental impact of their food choices and are looking for brands that prioritize sustainability. This includes reducing food waste, using eco-friendly packaging, and sourcing ingredients locally. Food companies that can demonstrate a commitment to sustainability will be better able to attract and retain customers.


The rise of alternative proteins

In addition to plant-based proteins, alternative protein sources such as insects, algae, and lab-grown meat are starting to gain mainstream acceptance. These protein sources offer potential environmental and health benefits, as well as being more sustainable than traditional animal agriculture. Food companies that can offer innovative alternative protein products will be well-positioned to tap into this growing market.


The growth of online grocery shopping

The pandemic has accelerated the trend of online grocery shopping, and it is expected to continue in the coming years. This shift presents both opportunities and challenges for the food industry, as companies will need to adapt to new distribution channels and consumer habits. Food companies that can effectively leverage online channels will be better able to reach and engage with customers.


The importance of traceability

With the global supply chain becoming increasingly complex, traceability will become increasingly important for food companies. Consumers want to know where their food is coming from, how it was produced, and whether it meets certain standards (e.g. organic, fair trade). Food companies that can provide transparency and traceability will be better able to build trust with customers.


How Microsoft Dynamics Business Central helps food companies

Microsoft Dynamics Business Central helps food companies navigate these trends and challenges by providing a comprehensive business management solution. Some of the key benefits of using Dynamics Business Central include:

Improved efficiency

Dynamics Business Central can help streamline operations, reducing the time and resources needed to manage key business processes. This can include automating tasks such as invoicing, inventory management, and order processing.


Microsoft Dynamics Business Central helps food industries improve efficiency by streamlining operations and automating key business processes. Some specific ways that Dynamics Business Central helps food industries improve efficiency include:


Inventory management: Dynamics Business Central offers robust inventory management capabilities, allowing companies to track and manage their inventory in real time. This can help food industries avoid running out of stock, reduce waste, and lower storage costs.


Order processing: The platform's order processing features can help food industries automate and streamline the process of taking orders, ensuring that orders are fulfilled accurately and efficiently.


Invoicing: Dynamics Business Central offers tools for automating the invoicing process, reducing the time and resources needed to create and send invoices.


Production management: The platform offers tools for managing and optimizing production, including the ability to track and manage production orders, materials, and capacity.

Enhanced traceability

The platform offers robust supply chain and inventory management capabilities, making it easier to track the origin and movement of goods. This can help food companies meet traceability requirements and provide transparency to customers.


Some specific ways that can Dynamics Business Central help food industries improve traceability include:

Supply chain management: The platform offers tools for tracking the origin and movement of goods through the supply chain, helping food industries ensure that they are sourcing ingredients from reputable suppliers and meeting traceability requirements.


Inventory management: Dynamics Business Central allows companies to track and manage their inventory in real time, making it easier to trace the movement of goods through the supply chain.


Quality control: The platform offers tools for managing quality control processes, including the ability to track and manage quality issues and recalls.


Customer tracking: Dynamics Business Central allows companies to track customer orders and preferences, helping to build trust and improve the customer experience.

Greater agility

Dynamics Business Central allows companies to quickly adapt to changes in the market, such as shifts in consumer demand or new regulations. The platform offers tools for tracking and analyzing key performance indicators, which can help companies make informed decisions and respond to changing market conditions.


Microsoft Dynamics Business Central helps food industries increase agility by providing tools for tracking and analyzing key performance indicators, and by allowing companies to quickly adapt to changes in the market. Some specific ways that Dynamics Business Central can help food industries increase agility include:


Real-time data: The platform offers real-time data and analytics tools, allowing food industries to track and analyze key performance indicators in real time. This can help companies identify trends and issues, and make informed decisions based on accurate and up-to-date information.


Customization: Dynamics Business Central allows companies to customize the platform to meet their specific needs and processes, helping to increase agility and adaptability.


Scalability: The platform is scalable, allowing food industries to easily expand or adjust their operations as needed to meet changing market conditions.


Integration: Dynamics Business Central can be easily integrated with other systems and applications, allowing food industries to seamlessly share data and work across departments and teams.

Enhanced collaboration

The platform offers tools for collaboration and communication across teams, helping to improve communication and decision-making. This can be especially important in the fast-paced and rapidly changing food industry.


Some specific ways that Dynamics Business Central helps food industries enhance collaboration include:


Project management: The platform offers project management tools, allowing food industries to coordinate and track the progress of projects across teams and departments.


Team communication: Dynamics Business Central offers tools for team communication, such as chat and messaging functions, which can help teams stay connected and work together more effectively.


File sharing: The platform allows teams to easily share documents and files, improving communication and reducing the risk of errors or misunderstandings.


Data sharing: Dynamics Business Central can be integrated with other systems and applications, allowing teams to share data and work seamlessly across departments and teams.

Final Thought
the food industry is constantly evolving, and companies must stay up-to-date on the latest trends in order to remain competitive. Some key trends to pay attention to in 2023 include the continued growth of plant-based protein, the importance of sustainability, the rise of alternative proteins, the growth of online grocery shopping, and the need for traceability. Microsoft Dynamics Business Central can help food companies navigate these trends and challenges by providing a comprehensive business management solution. With features such as improved efficiency, enhanced traceability, greater agility, and enhanced collaboration, Dynamics Business Central can help food companies stay ahead of the curve and thrive in a competitive market. By leveraging the advanced features and capabilities of the platform, food companies can improve efficiency, enhance traceability, increase agility, and strengthen collaboration, ultimately driving better business results.

How Great Innovus Can Help

At Great Innovus, we have a team of experienced professionals who are experts in implementing and customizing Dynamics 365 Business Central for food and beverage businesses. We work with our clients to understand their unique needs and challenges and help them leverage the software to streamline their operations and improve efficiency.

 

As a leading provider of business solutions, we understand the unique challenges and opportunities faced by food and beverage businesses. One way we help our clients transform their operations is through the use of Dynamics 365 Business Central, a cloud-based software solution that provides a range of tools and features designed specifically for the industry.

 

In addition to implementation and customization services, we also offer ongoing support and training to ensure that our clients are able to make the most of their investment in Dynamics 365 Business Central.

 

Great Innovus and Dynamics 365 Business Central can help transform your food and beverage business by streamlining and automating processes, providing real-time visibility, and enhancing collaboration and communication. With its powerful cloud-based technology, you can take your business to the next level and achieve greater success.

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By Great Innovus

How does D365 Supply Chain Management support the manufacturing supply chain?

September 28, 2022 | Digital Transformation, manufacturing Industry, Microsoft Dynamic 365, Trends | No Comments

Supply chain management can prove complex and difficult to manage. Controlling supply chain efficiency is critical as interconnected enterprise networks need to be efficient to efficiently deliver products and services to customers professionally. With the help of the Microsoft Dynamics 365 Supply Chain Management Module (D365), companies can rest assured that managing their supply chain will become easier. The D365 helps manufacturers solve the problems they face today while preparing them for the opportunities of tomorrow.

Microsoft Dynamics Manufacturing Supply Chain Management helps in many ways, whether it’s workforce restructuring or Enterprise Resource Planning (ERP) modernization, as well as overcoming challenges by increasing transparency and gaining better insight into the supply chain processes, and even turning around supply chains by relying on circular supply chains chain and worship economy.

This blog covers three benefits of the Dynamics 365 manufacturing supply chain in more detail.

Streamline your Dynamics 365 supply chain management processes by modernizing ERP and workforce transformation

To date, streamlining your Dynamics 365 supply chain management processes by modernizing ERP and workforce transformation, but the pandemic has made it more difficult. Many have decided to step up their attempts to use technology to meet the challenges posed by persistent labor shortages.

Manufacturers are accelerating the transformation of workforce manufacturing activities, increasing the use of industrial robots, IoT sensors, Artificial Intelligence(AI) and intelligent automation.

As these companies build smarter, more connected factories, they effectively increase the productivity of their workforces, which is one way of easing the pressure on manufacturing from labor shortages.

Dynamics 365 supply chain management visibility and insight

As organizations continue to find ways out of the pandemic, many find that current supply chain management techniques are not suitable for an environment of constant disruption, restrictionand uncertainty. 

Additionally, the successful implementation of AI-driven supply chain management resulted in a 15% reduction in logistics efficiency, a 35% reduction in inventory and a 65% reduction in service levels for early adopters compared to slower companies. mobile competitors. This has led to a surge in spending on advanced supply chain solutions that connect disparate systems, unify data, improve visibility into supply chain management functions, and leverage artificial intelligence to provide actionable intelligence for decision-makers.

Circular Economy and Reverse Supply Chain Management

Many companies are working to make our world more sustainable by pursuing environmental as well as social and governance goals. 

The creation of circular economies is one method manufacturing companies are promoting sustainable practices. The concept of circularity commonly referred to as the circular economy is the outcome of supply chains being managed in reverse to address what happens to goods after their use-by date.

51% of supply chain professionals expect the circular economy to increase in importance in the next two years after the COVID-19 collapse.

With the growing focus on circular economy strategies, it is critical to recognize that managing manufacturing reverse supply chains requires different operational processes. 

To put it another way, manufacturers cannot simply accept products that are no longer in their warehouses or factories. Given the complexity of products and recyclable raw materials, different operations are required to receive the product, inspect it, sort it, and then prepare the raw material so that it can be reused.

What's Next?

Great Innovus helps manufacturing companies transform their existing ERP platforms, dramatically improve supply chain visibility and insight, and promote a circular economy through reverse supply chain management practices. It also enables users to better plan, increase organizational agility, and maximize asset uptime, allowing businesses to operate smoothly and profitably.

Learn more about how we can help you implement Dynamics 365 Supply Chain Management for your business. If you are interested in learning more about Microsoft Dynamics 365 for Supply Chain Management, please contact us here.

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By Great Innovus

4 reasons for SMBs to choose MS Dynamics 365 Business central for Supply chain

July 13, 2022 | Digital Transformation, Microsoft Dynamic 365, Service | No Comments

Small and medium businesses (SMBs) fulfilling orders from customers on time and maintaining the market share is a significant area for technological adoption. Competing against large enterprises with the help of digital solutions has nullified the chances of disruptions and maximized better profitability. However, to do more and strategize better data-driven decisions, integrating ERP solutions in supply chain management (SCM) can help you to bring down costs, improves efficiency, ensures on-time delivery, and adds value to your business process. And there are quite a few challenges faced by SMBs that impact the SCM process; let's discuss to know about them further.

Inventory visibility issues create a major hindrance for SMBs; either there is an excess of the stock, which leads to locking of capital, or a shortage of stock which creates havoc in the supply chain. And handling customer expectations and demands become more complex to thrive in the competitive market. Manual inventory processing on excel becomes tedious and time-consuming, affecting the business's reputation; hence an efficient ERP software can help to take a real-time decision and prove visibility on end-to-end product traceability.

Small businesses allocate a periphery for the IT budget, which puts a constraint on optimizing SCM issues. The struggle to transition from disparate software solutions and applications put SMBs in a tough spot. The traditional supply chain system fails to predict demand forecasting or proper warehouse space utilization. Also, updating regulatory compliances and fluctuating customer demand is strenuous for SMBs. Hence, organizations investing in ERP systems will significantly increase efficiency and will have a better return on investment in the long term.

The relationship with suppliers is vital and can create potential conflicts if it is not efficiently managed. It is challenging to track billings, payments, and shipments without a transparent tracking system. The ERP solution can hugely improve the SCM by monitoring each feature from a centralized point of view. The software solution improves traceability for both parties. Thus, the SMBs can negotiate better and improve the accuracy of the delivered orders.

Benefits of having an ERP solution to manage your SCM

We have discussed the challenges of a fragmented supply chain and how it can slow down the business speed and improve product quality in the long run. So, a perfect balance of supply and demand, access to inventories, and the shipment cost are critical to ensure holistic growth in business processes. And this can be achieved with a sound ERP system that helps with better output delivery.

The USP of an ERP system is the complete visibility of the workflow. Financial visibility helps SMBs to understand business forecasts and allows them to make informed decisions. A consolidated view of each relevant business process streamlines the data and helps with accurate traceability.

The ERP software can easily be used for multiple purposes in an SMB setup. As SMBs are budget conscious, the ERP software is the best fit solution. A customizable dashboard can be implemented for various business purposes as and when required. So, the collaboration of ERP and SCM will take care of vendors and suppliers and optimize business processes.

The ERP solution automates demand planning and procurement of resources. A well-balanced project portfolio ensures retention of customers, manages the inventory level, and analyzes target customer behaviour and industry trends. It also helps to standardize the SCM's operational process by boosting the employees' productivity and enhancing the efficiency of SMBs.

In a supply chain that relies on stand-alone systems, tracking real-time data for projected goals is challenging. However, by implementing an ERP system with SCM, you will be able to find the necessary details to generate an in-detail report. The detailed report will highlight the business plan gap and help conduct a deeper assessment.

Finding the right ERP solution and implementing it in your business is not simple. It's not only about the technology but also the impact the new solution will have on all the areas of your business. An ERP solution that considers business performance, growth, and goals should be the perfect ERP for SMBs. And one such industry-leading cloud-based ERP solution is from Microsoft. Dynamics 365 Business Central is quite a popular and trusted ERP solution with rich functionalities designed to help SMBs accelerate business growth. MS Dynamics 365 Business Central is easily adaptable to Microsoft Cloud Services like Power BI, Office 365, and PowerApps and is available on cloud or on-premise.

Benefits of having MS Dynamics 365 Business Central for SCM

For SMBs to find ways to reduce business complexities and streamline various sales channels and warehouse locations, it is essential to have better cohesion and integration with SCM. It is imperative to keep digital solutions at the forefront to optimize operational data and maximize profitability. MS Dynamics 365 offers a robust and flexible solution to manage customer relationship management (CRM), finance and supply chain. It is an integrated platform that supports SCM functionalities and has proven capabilities to overcome supply chain disruptions and meet ever-changing consumer demand.

Analytics solutions & Insights

Disparate data is consolidated on a single system; hence data analysis becomes easy to maintain, and real-time critical data is available at various locations. Business Central helps SMBs to keep track of market trends and ensures a seamless sharing of information across departments. You can also track every stage of activities that are carried out in the supply chain.

Automated Inventory management

Insight into inventory management will help SMBs do away with manual handling of information. Business Central provides complete visibility to inventory dashboards and real-time updates and helps keep track of stock levels. Overall, it reduces expenses and creates accurate predictions on replenishment plans and inventory availability.

Fluctuating demand in Supply Chain

For SMBs, leveraging supply chain activities using Business Central during uncertain times promotes clarity and helps mitigate risk factors. It anticipates market fluctuations in supply and demand needs by addressing potential bottlenecks as well. It helps to manage the fluctuating demand from different geographical locations based on real-time insights and advanced computing.

A broad view of Warehouse & Logistics

With the help of Business Central, SMBs can get a holistic view of the warehouse to keep the margin high with minimal losses. Activities like invoice and purchase orders, tracking inventory county, and cross-docking are well-managed through Business Central solutions. It provides a robust warehouse foundation, replacing manual labour with an automated process.

Get started with Great Innovus

Microsoft Dynamics 365 Business Central is a powerful and user-friendly ERP platform for SMBs to control workflow and flexibly configure SCM into it. We at Great Innovus are passionate about taking your business challenges and resolving them by building an end-to-end ERP solution. Our team of experts is proficient at helping you achieve your goals.

 

Connect with us to know how Dynamics 365 Business Central can help your small or mid-sized business.

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By karthiga s