Using Big Data to cut food waste
Supply chain management software to forecast and prevent food waste
Roughly one-third of food produced around the world each year ends up in a landfill, according to the United Nations’ Food and Agriculture Organization (FAO). This means $1 trillion worth of perfectly edible food never comes into contact with a human mouth.
According to Crisp, the root of the food waste challenge is a lack of communication among suppliers and brands to retailers and distributors. So Crisp is looking to help by crunching big data to unlock insights.
Crisp is a supply chain management software which ingests and analyzes data from myriad sources with a view to helping food brands forecast their food production requirements — which can in turn inform other business decisions, such as staffing needs. Data can be gleaned from historical sales and purchase orders, promotional activity, inventory databases, point-of-sale (POS) systems, and more, with integration support for the likes of Salesforce, Netsuite, QuickBooks, Seasoft, and CSB.
With Crisp, the value is immediate and no IT teams or professional services are required for customers to begin using their platform.
There are plenty of other parties operating in the supply chain management sphere, including JDA and Oracle, but Crisp is touting its product’s user-friendliness and the speed with which it can unlock value.
Faced with the challenges associated with sustainably feeding the world’s growing population, the food industry is increasingly relying on operations research techniques to achieve economic, environmental and social sustainability. This video explains about the sustainable food supply chain.Learn more