Accelerating digital transformation in CPG
Consumer Packaged Goods (CPG) or Fast Moving Consumer Goods (FMCG) companies and their eco-system of tier 1 and tier 2 suppliers and service providers face significant pressure to overhaul their operations and adapt to the ever-evolving landscape of this vibrant industry. We help customers to drive change in different area’s including Omni channel distribution, supplier integration and collaboration, 3rd party operations or quality, sustainability and risk management.
With increasing inflation and interest rates, there is substantial pressure from retailers to drive purchase prices down to demonstrate they are doing their utmost to keep price increases as low as possible. At the same time input material, manufacturing cost, and personnel costs keep increasing. The further need to increase efficiency in every aspect of P2P is relentless. A digital supply chain is a starting condition to drive benefits from tools such as AI, and smart contracts as well as further reduction of waste of scarce labor on non-value-added tasks.
Industry research demonstrates an increasing supplier churn rate. Due to recent volatility in demand combined with supply disruptions, companies need to rethink their sourcing strategies, such as moving from single-source inputs to a dual-sourcing strategy. Combined with the evolving consumer retail trends and economic climate this trend is here to stay. As a result, manufacturers of CPG have to be able to onboard up to 25% of net new suppliers each year, which also requires solid integration and collaboration processes.
While overall demand from retailers appears to continue to be strong, the actual product mix at the CPG manufacturer’s level has large fluctuations at the product and SKU level due to short product life cycles, SKU proliferation as well and changes in product mix. As a result supplier schedules change constantly which has an effect on orders, inventory as well as logistics. This requires an organization that is both agile and cost-efficient, which can only be accomplished with a digital supply chain.
Your success is our top priority
Start improving on your biggest priority within 90 days
Whether your focus lies on improving collaboration processes around procurement, forecasts, inventory, subcontract manufacturing, logistics, food safety and quality, or invoicing, with our apps we offer you a unique value proposition of having a cost-effective and modular solution with the flexibility to start your digital transformation project from any prioritized business need.
Of course, you have your internal systems and a potentially complex IT landscape. Quyntess' supply chain apps can perfectly integrate with those, allowing you to fully automate your business processes directly from your backend systems to an entire ecosystem of global business partners, while already reaping savings and benefits within just a matter of weeks.
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Are you keen on leveraging our powerful platform and extensive network with over 2.5 million connections? Let us know who the next 20 new vendors are who intend to onboard this month, and we'll promptly perform an assessment within our connected supplier community!
This is what industry peers have to say
"We have managed to get where we are thanks to your commitment in the work done and the passion for the detail that has allowed our processes to be stronger in view of the current deployment."
VP Procurement Operations
Most selected apps in Consumer Packaged Goods
Supply Chain Apps that can meet any business priority without complicated "suite" deployments.
With our composability promise we provide API-driven process integration between apps and external systems. These give you the flexibility to pursue your specific digital transformation priorities. We support you in consolidating your end-to-end supply chain processes, whether it starts with procurement, forecasts, inventory, co-manufacturing, logistics, quality, sustainability, risk management, or invoicing. It is all available for you in one single collaborative business network.
Because we incorporated the complexity in our application and integration data model, your teams and their business partners only have to navigate the intuitive user interface to manage their role in the supply chain. That means more real-time data, smarter performance indicators, better AI, and an increasingly resilient supply chain ecosystem.
The Forecast Collaboration App allows collaboration between buyers and suppliers on developments in time-phased demand. With this app, both parties have access to the same demand & supply data, can set up and manage a contract-based procurement process, and will be guided by the workflow to efficiently move through changes in the supply plan and the associated capacity checks from the supplier.
The Order Collaboration App optimizes collaboration around supply contracts including time-phased quantity and price commitments. It can also handle purchase order based processes between buyers and sellers that are not captured by standard EDI. Our hybrid workflows allow you to plug holes in EDI processes and provide a real-time collaboration layer to manage exceptions, including non-reported transactions and exceptions.
The Inventory Collaboration App helps to manage visibility and exception management throughout the supply chain. This includes items in supplier or 3rd party locations, on wheels, or otherwise in transit with a unique projected item balance visibility capability. This will also support different Vendor Managed Inventory and Supplier Managed Inventory scenarios in conjunction with our other supply chain management apps.
This app helps to manage third parties that work in line with your own manufacturing and distribution process such as co-manufacturers, co-packers, subcontractors etc. One of our unique capabilities is to manage networks of “N” impacted parties in stead of 1:1 exchanges of data and information. We typically replace “high-touch” and fragile processes built from downloads, uploads, spreadsheets and e-mail threads with a true collaborative solution integrated into your application landscape as well as 3rd party systems.
The Supply Chain Management Dashboard app makes Business Intelligence (BI) collaborative. A combination of industry-specific KPIs as well as actionable analytics with direct access to tasks and exceptions in all the other apps used provide a unique level of control. Challenge suppliers with real-time measurement of their Service Level Agreements and help them with tools that intuitively guide them to the actions required. Our technology blends seamlessly with your internal BI tools in both directions.
Can't find a suitable solution for your priority?
The Quyntess Supply Chain Management suite consists of 13 comprehensive apps that allow you to improve end-to-end collaboration across the supply chain. Learn more about each app and find a suitable solution to match your business requirements around quality and service collaboration, logistics collaboration and dock scheduling, product master data management, or electronic invoicing. It is all available for you in one single collaborative business network.
Are you managing multiple priorities?
Let's have a conversation about your challenges
You can schedule a free workshop with one of our experts to identify your primary focus for digital transformation. If you already have a top priority in mind or are looking to onboard new suppliers, don't hesitate to reach out, and we can assist with supplier assessments.