How to Select an Advanced Planning System for FMCG
In the fast-moving consumer goods (FMCG) industry, it's crucial to have a reliable and efficient planning system in place. An advanced planning system can help businesses make better decisions, increase productivity, and ultimately, improve their bottom line. With so many options on the market, it can be difficult to know where to start. In this article, we'll discuss the key factors to consider when choosing an advanced planning system for your FMCG business.
Consider Your Business Requirements
Before you start looking at specific planning systems, it's important to have a clear understanding of your business requirements. What are your current pain points? What are your future goals and aspirations? These are just a few of the questions you should ask yourself when determining your requirements. Once you have a solid understanding of your needs, you can start looking for a system that can meet them.
Evaluate the Functionality of the System
Once you have a clear understanding of your requirements, you can start evaluating the functionality of different planning systems. Here are a few key areas to consider:
In the FMCG industry, inventory management is a critical component of the planning process. You need a system that can accurately track your inventory levels, help you make informed decisions about reordering, and provide real-time data about your stock levels.
Demand planning is another important component of a planning system for FMCG businesses. The system should be able to accurately forecast future demand for your products, taking into account factors such as seasonality, promotions, and economic trends.
Supply Chain Optimisation
The right planning system can also help optimise your supply chain. A system that can automate key processes, such as ordering and delivery, can help streamline your supply chain and minimise the risk of stockouts.
Look for a User-Friendly System
In addition to functionality, it's also important to consider the user-friendliness of a planning system. A system that's difficult to use will not only slow down your team, but it can also reduce the accuracy of your data. Look for a system that's intuitive, easy to use, and has robust support and training resources.
Consider Integration with Other Systems
Finally, consider the integration of the planning system with other systems you use. If you already have an ERP system, for example, you may want to choose a planning system that integrates seamlessly with it. This can help streamline processes, minimise data entry errors, and ensure that you have access to accurate, real-time data.
Selecting the right advanced planning system is critical for success in the FMCG industry. By considering your business requirements, evaluating the functionality of different systems, looking for a user-friendly system, and considering integration with other systems, you can make an informed decision and find the right planning system for your business.