Reduce waste and maximize profits with TELUS Supply Chain Management

Food goes to waste on a massive scale each year, equating to 1.3 billion tons, globally.¹ Roughly 39% of that waste comes from customer-facing restaurants and retail and is often a result of errors in supply chain management.² It’s vital that foodservice distributors and operators ensure they have the best supply chain management (SCM) software solutions in place for an efficient and sustainable operation.

Identifying red flags in your supply chain management processes

Between 4-10% of food purchased by restaurants is wasted before even reaching consumers.³ These losses collectively equate to roughly $162 billion in financial losses for the restaurant industry as a whole.⁴

Expensive and common supply chain issues such as overstock, out-of-stock products, expired products, delivery issues and mispicks contribute heavily to overall waste. To optimize supplies, maximize profits and ensure your products are reaching consumers, the first step is to identify the areas in your operation that might be leading to food waste, including poor stock management practices, inaccurate delivery insights and inefficient data insights and predictive analytics.

Food waste solutions such as streamlining inventory management, improving staff training on product handling and stock rotation, practicing better food safety and storage protocols to avoid the need for disposal, using Quality Assurance software on inbound deliveries of code dated or ripening products, and regularly evaluating surpluses in inventory and adjust inventory management to reduce surpluses, can cut costly errors, increase efficiency, improve profits and eliminate waste.

Reduce waste and maximize profits

Eliminate the risk of supply chain management issues impacting your operation and eating profits by reviewing the tools and processes you have in place and ensuring you’re fully equipped with the capabilities you need to leverage our suggested food waste solutions, such as streamlined inventory management and heightened quality assurance.

Leveraging data insights and innovative technology with SCM software can improve your supply chain, reduce waste, help increase profits, and open opportunities for sustainability.

From warehouse and supply management to shipping, monitoring, and customer service, SCM software is a must-have solution to future proof the major elements of supply chain management including integration, operations, purchasing and distribution. When evaluating different providers to find the best supply chain management software for your business, focus on three key components:

Selecting the best supply chain management software solutions for your operation

TELUS Consumer Goods provides comprehensive supply chain management software, purpose-built from the ground up for foodservice and retail food distributors, operators, and processors.

Enhanced data and analytics for sustainable practices

Our solution streamlines supply chain operations to provide 360 degrees of visibility from the sale to the final mile. This equips you with actionable data to pinpoint potential risks, existing gaps, and bottlenecks in your supply chain as well as other problem areas. This data and analytics offers the insight you need to reduce food safety risks, minimize waste, follow sustainable practices, eliminate costly errors, and increase your profits.

Increased efficiency with centralized information

Centralize and ensure consistency of tools, techniques and methods, with a series of connected end-to-end software programs. Thanks to notifications and automated alerts, it’s easier to identify required actions and potential stock shortages before they impact other links in the supply chain and inventory management systems. The TELUS Consumer Goods Supply Chain Management solutions consist of various modules that form the greater solution suite. Individual point solutions are also available. With your supply chain management tools, such as ERP, WMS and OMS all stemming from a single source, your process is streamlined and simplified, eliminating the time and extra costs associated with connecting multiple different systems. If you’re ready to improve your SCM processes, request a live demo to see how these solutions can reduce risk and waste in your supply chain while increasing margins and reducing waste.