The consumer demand for cosmetic, skin care, and beauty products remains at an all time high. Regardless of size, companies are finding themselves in fierce competition due to the constant flow of new products, concepts, and experiences.
Whether companies private-label, co-pack, distribute, or produce their own line of cosmetics/beauty products, the question becomes: what keeps consumers loyal to a specific brand or vendor? The answer is simple, with consistency, quality, and superior experiences, consumers have no choice but to give in to brand loyalty (which is easier said than done). So, how do companies overcome the challenges of production, supply chain, compliance, financials, inventory, and customer management? Let’s see how an ERP or Enterprise Resource Planning software can help…
Production and Supply Chain
ERP allows companies to visualize and manage production process with customized workflows. Regardless of process or discrete manufacturing (or both) companies have the flexibility to add or subtract additional steps, and the control to streamline production processes. Gain depth and control from Bill of Material revision through robust shop floor capabilities including lot tracking with an expiration date. Ensure quality management and up-to-date data with the ability to trace all raw materials and store the safety and handling information.
In case of a recall or claim, contact information for all parties involved, from suppliers through production, distributors, and retailers is easily attainable through the ERP system which will facilitate crisis management. All members of the crisis management team can take appropriate actions with integrated management across purchasing, inventory management, manufacturing, sales, customer service, accounting, and finance.
Compliance
As a cosmetics or beauty product manufacturer, wholesaler, re-packager, or distributor, companies must adhere to strict industry standards, set forth by the FDA through the US Food, Drug, and Cosmetic Act to ensure the quality of products. A robust ERP solution will keep you compliant by providing improved documentation, tracing capabilities, time-stamping, data security, and distribution control.
Financial Management
A modern ERP solution enhances profit margins with a powerful set of financial applications no matter how complex or simple the requirements are.
Inventory and Documentation
Whether a company has three lines of products or three thousand, effective inventory management can be an overwhelming task. Luckily a modern ERP solution eliminates the need for time consuming and error-prone manual entries. With automated management, determining demand, reducing overstocking of slow-moving items, and preventing under-stocking of the highest selling items is simplified and provides a competitive advantage.
Customer Management
Integrate sales, marketing, and customer service with financials to close more sales and improve customer loyalty. Manage accounts, contracts, projects, and more while gaining a complete view of business processes and customers.
Contact the ACC Software Solutions as we understand the unique challenges of the beauty industry and know how to help you overcome them. This knowledge, combined with top technology solutions, delivers a feature-rich, fully integrated manufacturing, distribution, customer management, project management, and accounting solution.
ACC Software Solutions is the leading ERP cloud provider for the South Jersey and Philadelphia area. At ACC, we offer a full range of business management technology services, including consulting, ERP implementation, targeted training, and ongoing support. We aim to build long-lasting relationships based on trust by committing to support your business goals today, and tomorrow. With over 25 years of software and industry experience, you’re guaranteed to find success with our team.
Contact ACC Software Solutions for FREE consultation.
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