Enterprise Asset Management in the Food Industry

Any competitive edge you can secure over your competition, especially in the food industry, serves to drive your company to greater heights. In a market that’s so dependent on merchandise that expires, being able to effectively leverage enterprise asset management provides a critical functionality for maximum return on investment by leveraging your full inventory of products to their full value.

Domain Technology Group provides the tools, programs, and equipment necessary for maintaining full operational control over your company’s resources. Given that, at any time, your products could go bad before they hit the market and generate a net loss for your company, having full visibility into the processes, lifecycles, distribution, quality, and utilization of your resources is essential for optimizing productivity, operations, and maintenance.

Enterprise Asset Management in the Food Industry

Elevating Production and Visibility

Using SAP Business One centralizes your company operations under a single roof, providing insights into inventory, factory production, machinery, schedules, distribution, and more. We offer a solution that expands your company’s ability to manage their operational infrastructure, leading to streamlined production, inventory tracking, and scheduling management to ensure your perishable products are able to be accounted for every step of the way.

By developing sophisticated software for handling asset management, SAP Business One offers multiple benefits, including:

  • Provide secure and predictable delivery times
  • Dramatically reduce planning time and improve responsiveness to demand changes
  • Reduce held stock and therefore capital expenditure
  • Increase customer satisfaction
  • Prevent spoilage

Allocating the right resources at the right time is essential for ensuring your physical assets are accounted for.  Mitigating the risk of mishandling food products leads to a greater return on profits, ensuring you’re suffering from less expenditures from spoiled perishables and an improved brand reputation from delivering high quality, fresh products in a timely manner.

Monitor Your Assets in Action

Thanks to the availability of inexpensive sensors, affordable connectivity, scalable cloud platforms, and the vast processing and storage capabilities of big data platforms, the Internet of Things (IoT) offers innovative solutions for supply cold chain operations, with processes and applications that were not previously possible.

SenseIT IoT by Domain captures sensor data from around the world, standardizes, consolidates and maintains it in a SAP HANA database in the cloud, and pushes the data to ERP, enabling you to quickly locate items globally and alerting you to condition changes.

The advantages of SenseIT include knowing where your food and other shipments are at any given time, when they will reach their destination based on current GPS locations, and how the shipments were handled by your carrier.

SenseIT alerts you when a measurement threshold is exceeded and can predict conditions that are becoming unhealthy for your products, enabling you to take corrective action before a product is compromised. Other benefits include reducing waste and delays, reducing legal liability, and eliminating disputes over the condition of products upon receipt.

SenseIT IoT by Domain works with various sensors, cellular, satellite (and combinations). If we do not support your sensor, we will most likely add it to the SenseIT interpreter. If your company is not on an SAP platform, SenseIT IoT can integrate with other ERP platforms, such as NetSuite.

Enterprise asset management in the food industry is complex, which is why using Domain Technology Group’s intuitive, comprehensive suite of solutions simplifies the process without compromising on productivity and results. If you’re interested in a partnership, visit our contact page so we can get started.