Food Production Industry

The food production industry encompasses all aspects of the creation, processing, packaging, and distribution of food products. The industry is a complex and dynamic one, encompassing both small, local operations and larger corporations.

Food ERP

Many food production companies use Canopy, the Aspen Systems Food Enterprise Resource Planning (ERP) computer software. Aspen Systems is a premier developer of fully integrated enterprise solutions for the food industry. Leading food companies are utilizing Aspen's solutions to separate themselves from their competition by investing in a system that is easy-to-use, highly configurable and provides data they can trust.

Business Analytics Challenge

Food ERPs like Canopy continually create large amounts of data. The data includes sales orders, purchase orders, product configurations, chart of accounts updates, accounts payable, accounts receivable, and more.

Leadership faces challenges in leveraging the vast amount of data stored in their company's crucial ERP system to gain valuable insights and intelligence.

Pulling data tables from Canopy into Excel spreadsheets is not the answer. The spreadsheets are almost immediately out-of-date, difficult to distribute, and managing access control security is challenging.

“I was just talking to my team yesterday about all of the data we have and the problem with “analysis paralysis”.”
— Food Company Sales VP

Ri360’s Canopy Solution

ReconInsight provides an integration from the Ri360 business analytics tool to the Canopy ERP platform. To effectively manage the vast and expanding data generated by food ERP systems, it is crucial for modern companies to possess a robust data analytics capability such as Ri360. Ri360 enables them to make informed decisions based on a deep understanding of their growing data sets.

  • Assists sales teams in identifying and capitalizing on overlooked revenue opportunities

  • Empowers sales representatives

  • Supplies the product team with insightful trends, patterns, and comprehensive information

  • Leads finance with a comprehensive 360-degree view of sales revenue, purchase orders, invoices, and chart of accounts

  • Gives the IT department with a much-needed sense of relief

Ri360 Canopy Data Sets

The following information is available in Ri360. Each data set can be explored by the users, filtered, exported, and added to information dashboards. Dozens of information dashboards are delivered with Ri360 Canopy.

  • Product Master

  • Purchase Orders

  • Orders

  • Sales

  • Accounts Payable

  • Accounts Receivable

  • Chart of Accounts

  • Inventory Products

 

Ri360 Finds Gaps in Customer Purchase Patterns

Food items are consumables and food producers typically regularly sell a set amount of SKUs to each of their customers. Specifically, each customer typically buys the same 6 to 12 SKUs every month. If a SKU is skipped for a given month, that is often a lost revenue opportunity.

Manually tracking these gaps is a time-consuming and tedious task, and is not even feasible in most cases.

Ri360's advanced sales pattern tracking allows food producer sales teams to identify and fill any gaps in each customer's buying patterns, thereby maximizing revenue and preventing any potential loss. This feature is highly valued by sales teams and has proven to be a valuable asset in driving sales success.

 

Ri360 Changes Perspectives on Data Management

The Old Way

Confusion and missed opportunities.

  • Missed opportunities. Are you missing revenue?
  • Lack of confidence. Unsure of information provided.
  • Data chaos. Spreadsheets and systems everywhere.
  • No AI. You know you should be leveraging big data.
  • Confusion. Inability to make decisions
  • Improving? Worsening? Inability to trend data.
  • Spreadsheet hell. Complex files that corrupt.
  • Multiple data sources. Disparent platform metrics.
  • Cannot measure KPIs. Cannot measure performance.
  • Data ignorant team. Inability to lead using data

The New Way

Found revenue and confidence.

  • Revenue opportunities. Your data leads you to revenue.
  • Confidence. Sure footed decisions.
  • Calm. You have your arms around your data.
  • Data smart. Leveraging AI and machine learning.
  • Clarity. Make solid strategic and tactical decisions.
  • Firm grasp on trends. Historical trends tell the story.
  • Information heaven. Data creating is fully managed.
  • Single view. Data aggregated to single location.
  • Leverage metrics. Rely on key metrics again.
  • Singing from same sheet. Unified information.
 

Ri360 : Powerful business analytics software and services that let you focus on what you do best: running your business.

Ri360 is the only technology you need for an end-to-end business analytics solution. It has all the features for advanced data analysis, data management and security needs. It is a complete data pipeline with an ETL, secure data warehouse, and data visualization interface built into one powerful product.