Fast moving consumer goods (FMCG) companies deal with widely distributing consumer products globally. With consumers increasingly using technology, FMCG companies must adopt information technology to reach customers. This document discusses how FMCG companies can benefit from four major technology trends: data analytics, artificial intelligence, cloud technology, and information technology. Specifically, it outlines how FMCG companies can use enterprise resource planning systems, mobile apps, sales force automation, and customer relationship management systems to better manage inventory, sales, and customer engagement in this digital age.
Fast moving consumer goods (FMCG) companies deal with widely distributing consumer products globally. With consumers increasingly using technology, FMCG companies must adopt information technology to reach customers. This document discusses how FMCG companies can benefit from four major technology trends: data analytics, artificial intelligence, cloud technology, and information technology. Specifically, it outlines how FMCG companies can use enterprise resource planning systems, mobile apps, sales force automation, and customer relationship management systems to better manage inventory, sales, and customer engagement in this digital age.
Fast moving consumer goods (FMCG) companies deal with widely distributing consumer products globally. With consumers increasingly using technology, FMCG companies must adopt information technology to reach customers. This document discusses how FMCG companies can benefit from four major technology trends: data analytics, artificial intelligence, cloud technology, and information technology. Specifically, it outlines how FMCG companies can use enterprise resource planning systems, mobile apps, sales force automation, and customer relationship management systems to better manage inventory, sales, and customer engagement in this digital age.
Fast moving consumer goods is the talk of the town.
FMCG industry is the mostwide
spread industry of the world, that deals with the production, packaging, distribution and marketing of consumer goods like stationery, glassware, paper products, household products, plastic goods, food and dairy products including packaged food products, consumer electronics, hardware and sanitary products, and many more. Not to mention the consumers of FMCG is the population around the globe. With consumers inclining towards the technology day by day, it has become necessary for the FMCGs to adopt information technology to reach their targeted audience. IN THIS WE WILL BE DISCUSSING 4 MAJOR TECHNOLOGY TRENDS; THOSE ARE DATA ANALYTICS ARTIFICIAL INTELLEGENCE CLOUD TECHNOLOGY AND INFORMATION TECHNOLOGY. Some of the very reputed FMCG companies like Coca Cola, Britannia, Pepsi, L’Oreal, Nestle, etc.
Many IT Outsourcing companies have emerged as pioneer in providing Information
technology services to FMCGs as they are also well acquainted with the fact that consumer is going mobile and FMCGs do need their services to keep pace with the consumers. So, how a FMCG can benefit from information technology is also by using ERP software : An enterprise resource planner is what an FMCG desperately needs. An ERP system helps manage inventory system, keep track of stock records, manage multiple orders, accounting transactions, control multiple distribution channel, supply chain management, workflow management, Logistics management. Nobody questions the importance of ERP nowadays Mobile apps : The major concern of FMCGs is to create a brand value for consumers by serving them at the right time and right place. Mobile apps can help consumer locate the product store at ease, surf your product portfolio any time, get alerts on discounts & offers, purchase online from anywhere anytime. Mobile apps can help FMCGs build customer loyalty. Sales Force Automation : With FMCGs spread over large geography, sales are conducted by different stores located in different areas Sales force automation hence becomes a crucial tool for FMCG organizations. IT companies can help develop sales force solutions that connects clients and suppliers. Capture and track orders, set targets, track field salesman, real time insight into data, stock management, etc are some of the features of sales force automation system. CRM is Another miracle of Information Technology for FMCGs is Customer Relationship Management and believe me industry leaders love CRM. Reason being, CRM help retain valuable customers and in case of FMCG CRM is practiced at retailer’s or distributor levels. Industry giants are using CRM to setup customer care centers, launching newsletters, giving notifications, etc. So with these benefits of information technology the FMCGs are rapidly inclined towards IT industries for such solutions.