Why Cosmetics Manufacturers Use Cloud Software for Forecasting and Planning

If your cosmetics or beauty products manufacturing business is growing, then three of your chief challenges are likely doing demand forecasting, planning for inventory replenishment, and optimizing production scheduling. While these tasks are crucial for any manufacturing business, they can be particularly difficult for cosmetics manufacturers using “old school” management systems like QuickBooks and/or Excel spreadsheets.

Enter: cloud-based enterprise resource planning (ERP). Planning for the future with more accurate forecasting and purchasing is one of the greatest benefits of moving to the cloud, and cosmetics manufacturers in particular can see tremendous growth through such a solution.

To learn more, download our use case How Cosmetics Manufacturers Modernize Operations Through the Cloud. In it, we reveal more about how this benefit—in addition to improving cost accuracy, reporting, and web portal integration—can have tangible effects on the modern health and beauty producer. To get a brief look, read on.

Intelligently Forecast and Plan with Cloud ERP

Manually analyzing purchasing trends and figuring out what you’ll need to produce in the future is no way for a modern cosmetics manufacturer to forecast work. Cloud ERP (like Acumatica) enables you to:

• Connect with your material requirements planning (MRP) system to analyze typical orders and what is on order. You’ll get notifications about what you need to purchase and manufacture based on intelligent forecasting that accounts for seasonal shifts and historical data.
• Streamline inventory replenishment by making recommendations to you based on what is in stock. You’ll see what you need to stock and what your minimum and maximum stocks are. You’ll also be able to make smarter decisions about reordering because you’ll track lead times and see length of deliveries.
• Optimize your production scheduling, taking into account both machines and human labor to track what can be produced in a designated time frame—thereby getting a better understanding of labor costs.
• Revise bills of materials (BOM) easily, including adjusting quantities and components, so you don’t have to backtrack and redo BOM creation should a change need to be made.

The Right Cloud Software. The Right Partner for Your Cloud ERP Implementation

With this ability to intelligently forecast, you can transform the way your business plans for orders, production, and labor. Cloud ERP also enables you to take advantage of other benefits, including:

• Knowing exactly what your costs are
• Automating order fulfillment
• Improving customer service
• Simplifying warehouse management
• Facilitating overseas collaboration
• And more

If you’re not sure where to start with cloud ERP, Milestone IS is a veteran of cloud ERP implementation with more than 30 years of experience helping cosmetics manufacturers achieve their growth goals.

We understand the unique challenges of your industry, and all of our team members combine experience working with cosmetics manufacturers with esteemed certifications in accounting. With Milestone IS, you aren’t just getting an Acumatica expert, you’re getting a knowledgeable accounting partner who has aided the transformation of cosmetics manufacturers into modernized, cloud-based businesses.

If you’re curious about what cloud ERP can do for your cosmetics manufacturing business, contact us today. We’d love to hear about your goals and see how we can help you ensure scalability and growth for the future.