Food Processing - Other Food Products

India is the world's second largest producer of food next to China; the country can boast to posses the potential of becoming the biggest, soon, with its vast expanse of food processing and agricultural opportunities. The total food production in India is expected to double up, in the near future; we witness a vast scope for large investments in food and food processing technologies, especially in areas of Canning, Specialty Processing, Packaging, Frozen Food/Refrigeration, and Thermo Processing. Companies involved in the processing of food products find application in the end-user segments such as biscuits, dairy, bakery, processed food, and confectionery. Other emerging trends amongst these companies include natural fruit and vegetable juices marketing, and health food and supplements manufacturing.

Business Challenges

• All products have shelf life; therefore, it is inevitable to dispatch goods on a first-in-first-out basis. Manual dispatching provides control on this, resulting in huge inventory loss.
• Lack of a system that can compute taxes for different parts of the country; this in turn creates confusions and revenue losses
• Lack of centralized control on purchases, resulting in excess and unwarranted procurement

RODE Benefits

• Increased overall efficiency obtained by automating key departments.
• Effective inventory planning which facilitates the reduction of item expiry
• Greater visibility of operations across all regions, which helps in ensuring availability of material to customers
• Efficient tracking of payables and customer outstanding
• Better time management and faster decision making
• Online financial reports
• Greater resource sharing, monitoring, and control.

RODE Features

• Obtain consolidated reports on sales, purchase, customer outstanding and profitability across branches
• Handle stock transfers across branches
• Obtain control over perishable goods, thereby reducing inventory-carrying cost
• Leverage Actual Costing Method (Costing based on the actual value of the Goods Receipt or receipt value of the Item)
• Pass excise benefits to registered customers
• Levy appropriate taxes when imported goods are moved to different branches across India
• Control repacking and reprocessing of imported food materials, for distribution across India
• Handle consignment trading and all the financials related to the same