Categoriesblog FMCG Software

5 ERP Trends that will shape the FMCG industry in 2023

| BLOG

5 ERP Trends that will shape the FMCG industry in 2023

Understanding a Few aspects of current trends in the FMCG industry can help you know what the environment will be like for the FMCG industry in 2023. The pandemic that hit the bottom line of the global FMCG Industry has taken its own time to evolve and emerge as a giant back on track.
The factor deciding the increased purchasing power is, Integrated ERP systems are quintessential to overcoming the challenges of today and putting retail, wholesale & distribution on the success trajectory.
A Large disposable income available for people, the bulging segment of the middle class, Global exposure of products, brands, and organizations through various reach outs, a lot of shifts and changes after the pandemic, a lot of newness in the sector, and Disruptive innovation.

Five trends that will be critical to the ability to compete

  • Optimized reality
    The human within the value chain is going to expect a much more advanced, connected, data-driven experience. They want businesses to anticipate the needs and have an ethical impact on ingraining business within its surrounding society. There is the rise of whole system planning and taking all of those unconnected dots into consideration, joining them up and allowing industries to be more proactive about the changes that will come.
  • Sustainability
    Consumers have information everywhere and are becoming more aware of climate change and its impacts. They seek companies that offer more responsible, tailored product choices to consumer tastes. The FMCG industry would cater to personalization, sustainability, and consumer well-being to meet customer demand.
  • Supply chains to supply brands
    Consumer goods companies will have more agile supply chains so that we can ramp up and down very closely linked to the product development organization.
  • Digitalization and Disruptive technologies implementation.
    Along with the demand for convenience, there comes a need for digitalization and disruptive technology implementation in the industry. Augmented reality (AR), and virtual reality (VR), make the product more engaging and interactive and provide the customer with more information about the product. Investing in customer experiences increases brand loyalty.
  • E-commerce, big data & Analytics
    Consumer shopping habits on online channels have significantly increased. FMCG firms actively incorporate diverse media, leverage mobile& headless commerce to market their products, and increase footfalls. FMCG companies actively leverage big data and Data analytics to explore customer preferences and behavior to gain a deeper understanding of consumer purchase habits.
  • Conclusion
    Businesses paying attention to the macro trends will survive and thrive future. Those who don’t follow will find it difficult to predict, connect, and understand what will happen to the industry.

Start a Free Demo!

Scopex Apps provides a FREE Demo to all its client to play around with the product & get to know if it suits their business. Scopex apps also offer a 1 to 1 free demo session to explain how you can use Scopex apps for your business.
Categoriesblog FMCG Software

Unlock the value of Scopex ERP for your FMCG Industries

| BLOG

Unlock the value of Scopex ERP for your FMCG industries

Fast-moving consumer goods are the ones that we sell for rapid consumption, which means they have a shorter span of life or non-durable goods. The challenging aspect of FMCG involves building customer loyalty and ensuring consumer engagement. Scopex ERP software for FMCG is simple to use, easy to implement, and flexible to a customizable solution. You can foresee, plan and manage demand for consumer goods and products, exceeding the expectations of even the most astute customers using an ERP system. Unlock the value of Scopex ERP for your FMCG industry, and ensure it tackles all the problems associated with your FMCG industry.
It is hard to locate stock and the warehouses where it is stored and dispatch the old goods first. Without the implementation and use of ERP software, an FMCG Company faces the challenges of Stock Rotation, controlling costs while being a tough competitor, managing multiple distribution channels, and Quality Assurance. With the use of Scopex ERP software, manage information on stocks on the shelves, timely replenishment, and seamlessly delivers a highly personalized experience to consumers by providing visibility of your products to help them make choices.
Implementing ERP software is essential to the success of your FMCG business in this digitally transformed world. Let us see the key features of Scopex ERP that make it a competitive choice and revolutionize your Industry capabilities.
  • Barcode Integration
    Scopex ERP ensures FIFO of stock and manages Inventory effectively with the Product Expiry feature. There is a detailed barcode for strict enforcement of validation. You can also match the item with the ones in the warehouse.
  • Automated system
    Scopex ERP is a robust, Automated, and integrated system which streamlines all business processes of an FMCG company and ensures there is no duplication of the task, no repetition of work, and less time wasted on redundant work. Handling multiple and complex sales offers becomes hassle-free. You can even calculate profitability from different perspectives. With Scopex, Manage Distribution Efficiency and get a snapshot of all distributors effortlessly.
  • Sales promotion activities
    Scopex ERP ensures hassle-free tracking and managing of Salespeople. It also maintains Sales promotion and tracks Items. You can easily configure the system to track pending Receivable and Payable claims.
  • Lots and serial numbers
    A Scopex ERP system enables effective inventory management by tracking stock by lot and serial numbers. It ensures Procurement Planning and Ageing Analysis of Stock. Scopex ERP also supports managing multiple order types and Bulk dispatch of products. Manage Accounts Receivable and Accounts Payable accurately with the ERP system. The Compliance Management tool helps to meet the statutory requirements.
  • Reports
    With Scopex ERP software, generate reports accurately. You can even export these reports to excel. Scopex also gives the option to get the drill-down details from the Reports.
  • Distribution logistics
    Scopex ERP users can define the distribution logistics of consumer goods and tackle all problems they face daily. Insightful, accurate analytical MIS Reports help Scopex ERP users to know which products are selling in which areas, seasonal fluctuations, and consumer preferences.
Conclusion Scopex ERP is an end-to-end, all-in-one, and integrated solution to address the challenges of an FMCG Company by driving efficient Inventory Management, Sales & Promotion activities, Accounting Transactions, Compliance Management, Quality checks, etc. Scopex ERP system’s sophisticated design delivers functions beyond resource planning to provide budget planning from sales to purchase to Accounting, finance management, product management, CRM, Supply chain management, etc. It can rapidly transform your traditional, reactive organization into a proactive organization and offers a customized unified solution for the FMCG Industry.

Start a Free Demo!

Scopex Apps provides a FREE Demo to all its client to play around with the product & get to know if it suits their business. Scopex apps also offer a 1 to 1 free demo session to explain how you can use Scopex apps for your business.
Categoriesblog FMCG Software

The Best ERP software to bolster the FMCG Industry in India

| BLOG

The Best ERP software to bolster the FMCG Industry in India

FMCG products are fast-moving goods sold through a broad range of distribution channels and consumed in high volumes. ERP software helps the FMCG industry grow by streamlining all the business operations related to trading, distribution, and logistics. Without a shadow of a doubt, it is a highly competitive sector with costs built in at every stage of the value chain. The SCOPEX ERP for FMCG can help the industry transform into an information-driven and proactive organization and is the best ERP Software to bolster the FMCG industry in India.
For many FMCG organizations, the challenge remains to establish satisfactory customer engagement. The FMCG companies that aim to thrive are prudent in using ERP for the industry operations to ensure not to miss any opportunity in selling. FMCG companies cannot run without a consumer. The company must align customer preferences, product development and manufacturing, distribution logistics, time trends, and seasonal fluctuations to prevent shortfalls in their products or packing. Scopex FMCG apps can do it for the growth of your company.

What can you gain for your FMCG Industry by investing in Scopex ERP software?

  • Scopex end-end ERP software for the FMCG industry addresses all functions from supply chain to retail. It helps companies to predict, Plan and manage the demand for innovative consumer goods and products.
  • It can easily cater to FMCG organizational needs like
  • It adapts to industry-specific requirements, demand management, promotions, and schemes. Barcoding and dispatch ensure that the demand for the goods is met fully on time.
  • Business analytics helps to make real-time data-based decisions.
  • It allows companies to plan distribution logistics for consumer goods and efficiently manage the challenges they face daily.
  • Efficient FMCG Operation management

Start a Free Demo!

Scopex Apps provides a FREE Demo to all its client to play around with the product & get to know if it suits their business. Scopex apps also offer a 1 to 1 free demo session to explain how you can use Scopex apps for your business.

Related Articles