A strategic plan is a roadmap that defines the future of your business. That roadmap is crucial to your company’s success down the road, but creating one is a heavy undertaking. Food processors are already pressed for time with day-to-day tasks, and dedicating time and resources to plan for the future may not be feasible.
Does your food processing company have a strategic plan? Failing to plan is planning to fail—especially when it comes to your business. Earlier this year, Stellar hosted the Food Engineering webinar, 3 Key Elements in a Successful Strategic Plan for Growth. That webinar is now available on-demand, so you can still catch up on our discussion about how strategic planning can benefit food manufacturing plants, and how you can get started with developing your own strategic plan.
Should you renovate your existing facility or build a new facility? This question isn’t an easy one to answer and is, of course, dependent on capital expenditure. However, your answer should also be driven by your company’s strategic plan to ensure that your decision aligns with your long-term needs and goals.
What’s the best way to remain competitive in the food processing industry today? A strategic plan. It equips your business with the knowledge, tools and strategies necessary to evolve and adapt to changing marketing conditions and consumer demands. In fact, we’ll be hosting a Food Engineering webinar June 23, 3 Key Elements in a Successful Strategic Plan for Growth to dive into strategic plans even further. Last week, we discussed the first step in developing a strategic plan: developing a business plan. This week, we’ll discuss step two: conducting a manufacturing analysis.
A manufacturing plan is a key piece of your food business’ overall strategic plan. Your manufacturing plan is a clear set of actions driven by gaps and discoveries from your manufacturing analysis, or the analysis of your business’ manufacturing processes.
A manufacturing analysis is the portion of a strategic plan that focuses on all the processes and materials related to manufacturing. A situation analysis is a major focus of the manufacturing analysis, serving as an in-depth look at the physical layout of the facility. The goal of situation analysis is to ensure that the technology and strategy you plan to implement are feasible in the physical space of your facility.
Aside from producing high quality, safe products, what is one of the most important rules of food manufacturing? Do not short your customers. If a disaster puts your plant’s operations on pause, know your options for continuing production outside the walls of your facility. Co-packing, co-manufacturing and built-in redundancy are three solutions to keep your operations moving when your plant is down. Here are the key things to know about each.
The food and beverage industry today is all about consumer demand and meeting preferences for tastes, specialty ingredients and preparations (such as non-GMO, Kosher and gluten-free), flexible packaging, and convenient serving sizes.
Take the coffee industry for example: One customer wants a special blend in a light roast with a medium grind. Another customer wants a different blend in a dark roast with a fine grind. You can do the math and see the exponential impact of the options. Every variation creates a unique SKU for the coffee producer.
In this day and age of fierce competition and tighter budgets, food manufacturers are often faced with making critical—and expensive—business decisions as part of their strategic plan. Should you refurbish existing equipment or buy new equipment to meet your manufacturing needs? Should you add product lines to increase market share and what impact would that have on current operations?
What will your food processing facility look like in the future based on your growth projections? Will you expand your current facility, buy and develop adjacent property or will it be necessary to embark on a greenfield project? A master plan—a comprehensive three-to-five-year plan that determines your facility’s physical and site requirements based on growth projections—can help answer these questions.