Food and Beverages
Quench your thirst for sustained, profitable growth.
Food and beverage companies operate in an environment very different to that of a few years ago. Producing inventory to forecast, long production runs and a limited number of product categories are no longer viable options. The changing demands of the consumer market mean that food and beverage processors cannot plan on the basis of long product lifecycles and innovation has become critical for survival.
Despite being a multi-trillion dollar industry, the worldwide food business’ annual growth is limited. Competition is intense within the industry, especially in mature markets. While suppliers have increased the efficiency of their supply chains because of retailer demands and competitive pressures, branded product suppliers will continue to face growing competition from private label goods produced by retailers.
Using Jonova’s vigorous scenario modeling solution, you will gain new levels of visibility and understand the financial drivers across your value chain so that you can make key strategic decisions with that confidence that you are optimizing business performance.
Industry Challenges
- Increased demands by customers for variety and innovation at value prices
- Changing sales channels and shifting importance of different channels
- Shorter product lifecycles and low profit margins driving the need for shelf life management
- Business need to identify higher value products that can deliver higher contribution margins
- Escalating promotions with limited visibility and understand of the return on investment for these promotions
- Packaging proliferation impacting cost and sustainability efforts
- Government regulations concerning quality, and increasing expectations surrounding corporate and social responsibility.
Jonova Solutions for the Food and Beverage Industry
Today’s industry imperative is to meet rising retailer expectations and profit margin pressures while managing the cost and complexity of global supply chains. Jonova will help you integrate all aspects of the product lifecycle to enable margin target achievement. You can increase revenue by accelerating time to market and facilitate collaboration with customers and suppliers to reduce promotional costs and meet service level agreements (SLAs).
Our solutions ensure that you meet the challenges of a hyper-competitive marketplace. With the applications outlined below, you will be able to reduce costs, improve product success rates and boost profitability.
- Balance costs, inventory, service and financial risk appropriately
- Reduce working capital yet make forward-looking investments
- Improve the Planning, Budgeting and Forecasting cycle; enable easy functional updates to the plan
- Create explicit connections between strategy and tactical execution
- Optimize shared assets, changeovers and co-products
- Optimize portfolio profitability
- Find adjacent product diversification, innovation and market expansion
- Bring visibility to product line P&Ls to determine product and/or customer profitability
- Collaborate with other food manufacturers and distributors to maximize supply chain effectiveness
- Manage changing input prices (ingredients, labor, etc)
- Set contract terms to protect/hedge against uncertainty
- Be prepared for carbon labeling
Corporate Strategy and Performance Management
Sales & Operations Planning (S&OP)
Portfolio Optimization and Product Performance Management
Supply Chain Management
Sustainability
