STREAMLINING OPERATIONS TO ACHIEVE GREATER EFFICIENCY
Food industry is one of the largest and oldest non-durable consumer goods industry. Over the last century keeping pace with technology and global supply chain, food industry has evolved and undergone major overhaul. It has taken lessons from globalization, climate change, and recent pandemics. Food safety has continued to be one of the major challenges of the industry. Consumer behavior caused by change of life-style, pandemic, seasonality continues to play a key role in this industry. Government regulations and policies also work continually to support the health and safety needs of the industry as does the latest technology. Regulations around carbon foot-print, water stewardship, sustainability, social policies continue to impact the food-chain business.
There has been significant innovation in Food Engineering while there is minimal innovation in managing Food Supply Chains in the last 40 years. The push-pull Supply Chain creates shortage and wastage along with all other complications including Compliance related to sustainability, regulatory, health, safety and environmental challenges.
If any tier in the network from Sourcing of Raw materials to Production to Processing/Packaging to Storage to Wholesale distribution to Retail to Consumers gets any kind of hiccup, it has ripple effect throughout the network. Essentially, all the entities including farmers, food service providers, distributors, CPG companies and retailers get impacted.
Some of the typical supply chain challenges includes:
Supply Chain Risk
Cost & Margin Pressures
All these challenges justify that there is a clear need to model digital food supply chains essentially making every product a “Digital Asset”.
Trinamix helps CPG and retail companies in digital transformation of their supply chain capabilities to solve the supply chain challenges mentioned above. Some of these includes:
This helps Food & Beverages companies in various activities and functions from Farm to Fork. These activities range from Forecasting, Promotion/Channel Planning, Product Mix etc. on Consumer side to Processing/Packaging side including procurement of raw materials, lead time management etc. to the Transportation side including sustainability, predictability, traceability, compliance etc. All of these are covered through various Oracle Cloud Applications to cover the entire supply chain as listed above.
Oracle + Trinamix Value Add
- Trinamix has developed various extensions and PaaS solutions on Oracle Cloud platform. These include: