4 Next-Gen Best Practices for BevAlc Manufacturers Who Want to Pull Ahead in a Volatile Market

Cloud-based technology innovation is built to solve challenges inside and outside the four walls of BevAlc manufacturers.

April 5, 2022

4 Next-Gen Best Practices for BevAlc Manufacturers Who Want to Pull Ahead in a Volatile Market

Cloud-based technology innovation is built to solve challenges inside and outside the four walls of BevAlc manufacturers. New best practices have recently emerged to streamline business through a digitally connected supply chain.

1. Control Brand and Market Presence at All Supply Chain Touchpoints

  • Challenge: Representing a brand consistently throughout the supply chain is critical. When information is incorrect, it impacts downstream buying decisions.

  • Solution: Product Information Management (PIM) tools help manufacturers build product identities, enabling unprecedented control over downstream market presence for each brand.

2. Improve Demand Planning With Actionable Insights Across Tiers

  • Challenge: Historical forecasting methods, based on the previous year’s sales, are unreliable in today’s fast-changing market.

  • Solution: Data transparency creates collaboration up and down the supply chain to stay prepared for shifting consumer demand.

3. Ensure Consistent Product Quality Despite Labor Challenges

  • Challenge: A volatile labor market has forced high rates of employee turnover. Lack of production experience has an impact on product quality.

  • Solution: Systematizing procedures into mobile devices helps all employees deliver quality products and revenue-driving results.

4. Utilize Insights to Make Data-Driven Business Decisions

  • Challenge: It’s difficult for manufacturers to fully conceptualize potential profit when piloting a new product.

  • Solution: Let the system do the initial math. Then, using data shared between tiers, manufacturers can set pricing to meet target margins with a higher degree of predictability.

Manufacturers need a competitive edge. Data transparency and insights between tiers are already strengthening business downstream for tech-forward manufacturers. Smarter demand planning, stronger market presence, more consistent product quality, and data-driven financial gain are just the beginning of what manufacturers can achieve through modern technology.

To learn more about these challenges and how your business can overcome them, read the full article on Craft Brewing Business by Encompass Technologies CEO, Jonathan O’Neil.

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