The Nutraceutical manufacturing industry is heavily regulated, and compliance is a top priority for many companies. Our ERP software makes it easy to meet these requirements while still optimizing your business processes.
In the nutraceuticals industry, businesses face declining profits and rising costs. Companies can benefit from incorporating all business processes into one software solution as the industry transforms. Powerful ERPs track your whole product journey, from inventory and ordering to formula management, financials and machinery maintenance.
An ERP system can solve some of the challenges faced by the nutraceutical industry.
Supply Chain Traceability
Customers and regulators expect nutraceutical manufacturing companies to offer complete traceability from sourcing to distributing. A software solution designed specifically for the Nutraceutical industry can help companies manage their purchasing, inventory, and integrated sales to optimize their supply chain operations and traceability.
Complying with regulatory requirements
Compliance with regulations is always a challenge. Guidelines are constantly being implemented and updated, making it difficult for nutraceutical companies to keep track of all the required information. Acumatica ERP software helps companies comply with government reporting requirements and saves businesses time and money through its ability to structure processes around operational activities. It delivers a convenient way to gather, monitor, and access relevant process information–eliminating manual procedures throughout the manufacturing process.
For the Nutraceutical manufacturing industry, it is crucial to constantly improve products. Each product begins with formula creation, and being able to track and revise these formulas will allow you to produce large quantities in a single manufacturing run. Additionally, an ERP can track the number of ingredients in each formula and the ingredients used to make other ingredients.
Managing inventory in a Nutraceutical Manufacturing company can be difficult, but it is even more challenging if you have to deal with expiration dates. Acumatica ERP software allows you to set up inventory picking based on expiration dates, which minimizes the number of products or materials that expire before a sale and can be integrated with tracking technology to provide even more control over your inventory.
Advantages of ERP for Nutraceutical Manufacturing Organizations
Acumatica Cloud ERP solutions monitor all your business operations in real time, ensuring quality control and compliance, minimizing distribution costs, and handling recalls quickly. The solution’s complete forward and backward lot traceability ensures you have access to a comprehensive record of transactions for many years.
In such a competitive industry, keeping a well-managed system for storing information is essential. An up-to-date recipe and formula system allows you to evolve your decision-making abilities by having information at your fingertips. Define your rules and procedures for handling irregular events, and increase productivity by consistently addressing them.
The advanced functionality of Nutraceutical manufacturing ERP software allows a company to enforce inspection processes to assure that items conform to any user-defined characteristics, operational tolerances, or expected results.
Nutraceutical manufacturing companies are under pressure from customers and Safe Food for Canadians Regulations to track ingredients and products accurately. Implementing an Acumatica ERP enables companies to easily track these items, allowing them to update their processes and respond quickly if a product problem occurs.
Meeting Regulatory Requirements
Government regulations require that nutraceutical manufacturing companies report information about their businesses. ERP software can help you comply with these rules while allowing you to save time and money by eliminating manual procedures throughout your manufacturing process.
Cost Group Analysis
Nutraceutical manufacturers can react quickly to market fluctuations and make more informed business decisions. With a modern ERP solution, you can use business intelligence to forecast trends in consumer demand and reduce overstock. It will ensure you have the right products to satisfy customers and make an appreciable difference to your bottom line.
Acumatica ERP is a comprehensive solution to manage the complexities involved in the day-to-day operations of nutraceutical manufacturing. The software provides all functions and features that SMBs and some large-scale organizations need. Most large-scale companies in the manufacturing industries of nutraceuticals require ERP software to manage all their operations.
What do you mean by nutraceutical?
Nutraceuticals are dietary supplements that have physiological benefits or provide protection against chronic diseases. They may be used to improve health, delay the ageing process, prevent chronic infections, improve life expectancy, or sustain the structure or function of the body.
What are the types of nutraceuticals?
- Polyunsaturated fatty acids.
- Dietary Fibre.
- Antioxidant vitamins.
What are nutraceuticals in the pharma industry?
Nutraceutical combines the words “nutrient” and “pharmaceutical.” Nutraceutical products are non-specific biological treatments promoting general well-being, controlling symptoms, and preventing malignant processes.
What is the benefit of nutraceuticals?
Nutraceuticals may be used for various purposes, including improving health, preventing chronic diseases and ageing, or simply supporting the body’s functions.
Sangeetha brings 20 years of experience in Information Technology which includes Solution architecting, building micro services, research, and evaluation of business applications, integrating apps.