The biggest question facing Nutraceutical Manufacturers nowadays is how to adapt to the constantly-changing demands of the consumers. A vitamin or herb that is popular one day may be the same one nobody wants to buy the next, and then the manufacturer has to jump into gear to find the raw materials, formulas, and recipes for the next big thing. Not to mention that sometimes ‘the next big thing’ requires an overhaul of the current procedures for actual production. 

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BatchMaster ERP Software Review, Part III

For every new product, manufacturers have to ensure Lot traceability; be able to track ingredients; implement cradle-to-grave Quality Assurance; comply with FDA regulations; manage inventory and market costs; and support a fast-paced sales environment with concurrent order entry. Without a doubt, these types of changes cost time and money. Also affecting profit is the fact that the nutraceutical business is crowded with manufacturers. Every order is competed for by many manufacturers with each one trying to offer a low bid yet still make a profit. This makes managing production costs key. But money is not the only factor involved, the modern customer demands a quality product or they will simply go elsewhere; the expectation remains that dietary supplements should be affordable, accessible, and safe. As a result, manufacturers still have to pay close attention to Good Manufacturing Practices (cGMP) all the while attempting to control expenses.

In the midst of nutraceutical products gaining popularity around the globe and the mandate of more and more stringent FDA compliance requirements to control the quality of these products, nutraceutical manufacturers have found BatchMaster ERP Software to be a great partner for sustaining growth and productivity. This partnership is valued both by BatchMaster and clients alike. So much so, that in April, 2010, BatchMaster’s Vice-President, Preston Blevins offered nutraceutical companies a free webinar event. The event was billed as, “An opportunity for nutraceutical companies to learn how to achieve world-class efficiency, transparency, product quality, and survive the predicted industry shake-out.”  The goal being to identify some of the new challenges that will surely face the nutraceutical industry in the near future and how BatchMaster ERP Software can help manufacturers confront and conquer those challenges.

Written by :

Don Cooper