UK food companies may want to take a note from companies in the U.S. food supply chain as they seek to improve their policies and increase transparency. U.S. companies are required to reveal much more information about supply chain changes that could have an impact on share prices than their British counterparts, according to Supply Management.
For companies across the Atlantic seeking to stay on pace should they be faced with similar regulations in the future, mobile data collection that integrates with current ERP software should be considered. This allows for real-time inventory updates that can help a company adhere to guidelines from different governmental organizations. Mobile data collection can also help a company increase transparency both to foster a better public image and for its own benefit.
Economic impacts of better data collection
A full picture of a company's supply chain with data compiled throughout ERP can help identify risks and waste. Mobile data collection allows supply-chain managers to access real-time updates of inventory and productivity measurements. With the right choice of enterprise mobility solutions, managers can update and improve data collection without causing severe disruptions to workflow.
Mobile data collection can also compliment other data being collected by a company, such as marketing trends and product performance. Real-time data collecting can help increase the speed and efficiency of changes needed to production. If a product is shown to be underperforming, a company may decide to make changes to manufacturing or distribution. Data collection software could help the company should this require them to alter production schedules.
For the food services industry, mobile data collection is especially important in the event of a recall. Slow response time during a recall will increase damage to a company's financials and image.