Symphony GOLD Enhances Fresh Item Management Solution With Recipe & Menu Capabilities
New Modules Allow for Production Planning of Fresh Ingredients Based on Forecasted Demand
ATLANTA, GA–(Marketwired – Jan 7, 2016) – Symphony GOLD, provider of the GOLD unified software platform for retail, has enhanced its Fresh Item Management (FIM) solution, adding the ability to optimize the ordering and management of recipe ingredients through the entire supply chain, from farm to table. The new capabilities are aimed at convenience food restaurant chains and retailers who are increasingly allocating store space to the preparation of fresh food, either to consume on-site or to take away.
The new Fresh Item Management modules are based on Symphony GOLD’s industry-leading inventory management and replenishment engine to forecast the consumption of specific recipes in each outlet, ensuring that demand is met while keeping food waste to an absolute minimum.
The extended capabilities of GOLD Fresh Item Management help providers to forecast accurately, while allowing for variations in consumer consumption habits, seasonal availability of ingredients, and evolving food regulations and requirements. All components of both standard recipes and made-to-order items are fully trackable. Inventory and replenishment, cost analysis, nutritional information, food safety and forecasting are all linked directly to the entire supply chain via the GOLD platform.
Additional Fresh Item Management functionality includes:
Recipe Management: Workflow and Authorization – Recipes can be assigned to individual kitchens across the organization for designated production levels.
Production & Inventory Management: Ingredients and Finished Goods – Individual ingredients and completed goods can be tracked to ensure that overall inventory levels are optimized for forecasted sales, and that each location is producing the correct amount of finished goods to reduce shortages and waste.
“Retailers today are turning to Fresh Convenience as a means of providing a differentiated service, and to achieve that competitive edge they need to address customers’ increasing concerns about transparency, both in terms of the freshness and health benefits of the products on sale,” said Donal Mac Daid, vice president marketing supply chain, Symphony GOLD. “At Symphony GOLD, we have spent many years helping retailers optimize their inventory management, ensuring products are on the shelf in-store when they need to be. For the ‘store of the future,’ retailers need to able to manage recipe ingredients in just the same way they handle the rest of their inventory.”
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About Symphony GOLD
Symphony GOLD, provider of the industry-leading GOLD unified software platform for retail, helps optimize profitability by delivering highly targeted product assortments across all channels, supported by reliable and responsive retail operations and supply chain execution. Symphony GOLD customers include 15 of the world’s 30 largest retailers, thousands of retail brands, and hundreds of national and regional chains. More at www.eyc.com/GOLD
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