Consumer Goods Manufacturing encompasses a vast array of industries from clothing to sporting goods and hobbies to home décor and repair, health and beauty, the list goes on.
The consumer goods sector also operates in many different ways. Some companies manufacture the products and sell them to wholesalers and/or retailers, others companies operate as wholesalers, some act as all three – manufacture, wholesale and retail and others still are retailers. There are many combinations and each have specific requirements.
Producing a consumer product requires ERP software that will support the design process and will have a robust inventory management module that will aid in tracking the various attributes such as size, colour, etc. In addition to core ERP the system must handle advanced manufacturing processes and be flexible enough to support any specific industry processes and requirements.
Some of the functionality Exact ERP offers Consumer Goods Manufacturers include:
Distributing consumer goods requires tight control over inventory and shipping costs as well as ensuring the right products are delivered on time. When selling to retailers, it is important the ERP system supports any compliance requirements of retailers such as EDI and labeling.
Some examples of the functionality Exact ERP delivers to Consumer Goods Distributors include:
Selling directly to the consumer means making the purchasing process easy and fast, therefore; point-of-sale technology must work with the selected ERP system as well as debit and credit card transactions. In addition, it is important to have the right products available at the right time so again, managing inventory is very important. In addition, marketing to consumers is very different than marketing business to business so it is important to track and manage marketing campaigns to be able to track costs, success rates, etc. And not only marketing campaigns but being able to report and analyzes sales trends is equally important. Exact Macola can facilitate retail sales; this is done often in addition to wholesale distribution and manufacturing.
Some additional features of Exact ERP for consumer products retailing include: