INVENTORY MANAGEMENT IN FOOD RETAIL IS A BALANCING ACT BETWEEN AVAILABILITY AND SHRINKAGE
Buyers of fruit and vegetables know everything about quality, price and country of origin, but are often left in the dark when it comes to the expected consumer demand. Order quantities are based on orders from the past without checking whether these purchase orders were actually right in the first place.
Moreover, the sales of fruit and vegetable are strongly influenced by the weather. If the weather is much better than expected, demand for iceberg lettuce and other BBQ-friendly products will rise while demand for many other fruit and vegetable products drop.
OPTIMAL ORDER QUANTITY FOR BEAN PACKING
Suppliers from different countries have different delivery times, delivery periods and pack quantities. In produce, the optimum order quantity is not a single number. Instead, you will have to differentiate the order quantity depending on the country of origin and supplier.
By using software that calculates a reliable forecast of the daily demand, ensuring the optimal order quantity per supplier, a buyer can optimally determine which supplier is offering the best deal. The rest of the process can then be fully automated.
In order to curb the extreme dynamics in supply and demand and make maximum use of the market knowledge of the produce buyers, food retailers must have in place advanced supply chain software. By giving purchase teams insight into the expected demand as well as providing optimal ordering advice, they can concentrate fully on their core responsibilities. Ultimately, by ordering the right quantities, shrinkage and "expensive" rush orders can be directly avoided.
Preparing and storing fresh fruits and vegetables
Fruit and vegetable inventory management fresh Produce Stock Control
Receive fresh produce from your own farms, co-operative farmers, wholesalers, and importers/exporters – whilst maintaining the same high level of traceability regardless of the origin
Reference: fresh produce cold storage fresh produce distribution.
Accurate Fruit and vegetable inventory management of fresh produce
Fresh Produce Stock Control
Building an analysis system from sales data
Since ordering fresh products, stock management and delivery become more logical, the losses will be reduced. "In stock management, for example, the quality of fresh products depends on the environment. Storing conditions determine the selling phase and preservation time. Our system can clarify the stock situation and short-term demands. Managing personnel can use these two insights to protect the quality by reducing unnecessary movement of goods. Quality will be safeguarded more and losses will be fewer.
Repeatability with profit modelling
The goal of all fresh produce chain stores is to expand the sales volume and to preserve the profit. But consumer patterns differ by region, a problem that every expanding chain store needs to overcome. The profit modelling and business data of the X-SHOP system can help a store to solve these problems and realise a swift expansion of volumes.
"Consumer preferences may differ by region, but basic data like quality standards, stratified standards and analysing methods are the same. If we keep in account sales on the spot and the fast delivery processing, we can collect realtime data of the business. This way we consolidate the management and practical experience. It helps new stores to make management accurate, like getting through bottleneck of low profit margins."
UK: iFiniti Fresh Produce Management Software
Fresh Produce Stock Control
Fruit and vegetable inventory management
iFiniti is being used in companies from all sectors of the fresh produce industry wholesalers, catering wholesalers, importers etc. helping them to become more efficient. iFiniti it has improved the profitability in all the companies where it is used and has given them that competitive edge.