Distilling is a complex and multifaceted industry. Complete precision and timing are needed every step of the way to achieve the desired end product. Because of this, one of the biggest challenges which distillers face when running a distillery is planning ahead for the coming months or even years. Distillers need to consider warehouse space, what casks are available, and market demand to build informed plans. Distillery Managers that fail to do this put themselves at risk of running at a loss, letting product go to waste, and sacrifice on product quality. Thankfully, Distillery Management Software (DMS) is becoming increasingly useful in helping distillers to forecast and plan. Here are some of the ways in which DMS can help Distillery Managers be more strategic:
- Use insights to forecast for the future
The data collected from your DMS allows you to have a really good idea about your overheads. With all of your financials, order history and even sales data in one place, you can better predict your cash flow and forecast for the future. This allows Distillery Managers to be more responsive to any unexpected costs (for example, if a machine stops working or you need to recruit additional staff). Having this data all in one place allows you to make more informed decisions.
- Reduce risk of loss
With DMS, you can know the exact number and precise location of your barrels. When managing a distillery with multiple product lines as well as stock that is at different stages of the process, this can seem impossible to keep track of.
When starting out, many distillers try to do this all manually by keeping different spreadsheets. These not only require in-house expertise to configure but are also prone to human error and data loss. DMS often has built-in capabilities to manage this more accurately. This reduces the risk of spoiled product or missing barrels. Managing this effectively not only sets you ahead of your competition but it also reduces your global footprint. Using this data Distillery Managers can map out exactly how much product the will need, where it will be stored and which product lines they will produce for the coming months/years.
Cofficient have developed a DMS built on the NetSuite platform with all of these capabilities. Are you ready to take your operation to the next level? Request a free demo today to find out how we can help.