Dairy companies need to grab the bull by the horns
Better insight, lower costs and higher margins are achievable
It’s tricky being a competitive player in the dairy industry. This is due to sharp price fluctuations, consumers and government agencies demanding more and more data and contracts becoming increasingly complex. Many dairy companies have a relatively high cost structure. So how can they keep track of things and manage their ever more complex operational organization within this unpredictable industry?
This white paper explains how and why the price of milk fluctuates around the world. As a result of this and changing consumer preferences, a sea change in the mindset of the industry is needed. Yet there is also a growing demand for more data from the supply chain, due to the requirements of consumers, government agencies, product safety authorities, wholesalers and buyers. Because many dairy companies are not yet fully digitized, this results in mountains of manual paperwork. On top of that, isolated automation of business processes makes it even more difficult to get a clear picture of what is happening.
The dairy industry needs quick solutions …
It is vital for companies to be able to determine their position very rapidly in terms of how much product they have in stock, what receivables they have, how much they need to supply and what is owed to debtors and creditors. In addition, the futures market and exposure in foreign currency also play a key role. It goes without saying that all this results in hugely complex calculations that cannot be processed using a simple Office suite.
… but has to change
In order to stay competitive and to maintain the margins, digital transformation of the dairy industry is a must. Integrated systems and harvesting various kinds of data from the supply chain will allow cost reduction, allow the complexity to be alleviated and allow businesses to be more responsive operating on a volatile market. The white paper will tell you how this can be achieved.