{"id":9581,"date":"2020-12-17T04:00:03","date_gmt":"2020-12-17T04:00:03","guid":{"rendered":"https:\/\/sg.syspro.com\/blog\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/"},"modified":"2021-03-04T14:51:21","modified_gmt":"2021-03-04T14:51:21","slug":"are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability","status":"publish","type":"post","link":"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/","title":{"rendered":"Are These 9 Hidden Costs Eating Away at your F&#038;B Business\u2019s Profitability?"},"content":{"rendered":"<p>There are good surprises and there are bad surprises \u2013 like discovering that, somewhere in your food and beverage manufacturing business, there are serious gaps that are draining your bottom line. Even worse, you don\u2019t always realize it until the damage is already done.<\/p>\n<p><!--more--><\/p>\n<p>Sometimes the culprit is a direct cost, like raw materials purchase, labor, and shipping \u2013 and these may be easier to spot on your balance sheets. But there are indirect costs as well, like the administrative and operational costs it takes to run your business, which often gets lumped together as \u201coverhead\u201d expenses without being tracked or allocated properly.<\/p>\n<p>If you want to maximize your profitability, the trick is to identify those costs \u2013 direct and indirect \u2013 and create strategies to plug the gaps and stop the drain.<\/p>\n<h3><strong>The 9 most common hidden costs that drain profitability <\/strong><\/h3>\n<p>Knowing where to look for hidden costs and unoptimized processes is your greatest weapon in the battle against profitability loss. In most cases, I find gaps occur in one or more of these nine areas within food and beverage manufacturing businesses.<\/p>\n<h2><strong>1. Pricing New Products<\/strong><\/h2>\n<p>This may seem like a relatively simple task in theory, but it\u2019s tougher in practice when you don\u2019t update the changing cost of raw materials in your systems or associate them with specific production batches. Combine that with vague production costing where time and resources needed for typical operations like line changeovers, startup, setup, and teardown aren\u2019t taken into consideration, and it\u2019s easy to see where inaccuracies in pricing creep in.<\/p>\n<h2><strong>2. Production<\/strong><\/h2>\n<p>Think of all the extra costs your business absorbs from your production lines that are rarely measured or allocated to a specific product\u2019s cost:<\/p>\n<ul>\n<li><strong>Overtime<\/strong>: You may fall behind on the line, but still have to finish off today\u2019s batch, which means keeping staff and equipment running longer than planned.<\/li>\n<li><strong>Rework<\/strong>: If there were defects in a batch \u2013 almost always in packaging &#8211; there\u2019s the additional cost of additional packaging, labour and paperwork to process to account for.<\/li>\n<li><strong>Scrap<\/strong>: We all know unexpected things happen during production like equipment faults or product jams resulting in product winding up on the floor. That scrapped product is lost profit.<\/li>\n<li><strong>Lack of automation<\/strong>: If you rely on manual processes and paperwork for data capture instead of automation, you\u2019re spending more on recurring labour for every batch you produce and almost assuring the introduction of data entry errors which will require even more work to correct \u2013 if they are even discovered.<\/li>\n<\/ul>\n<h2><strong>3. Business Promotion<\/strong><\/h2>\n<p>After you crunch the numbers, which sales and marketing tactics are truly effective? Sales reps offering discounts may win more business and give you the sense that your sales are booming, but it\u2019s at the cost of reducing your margins \u2013 a cost not often measured. Marketing campaigns can be particularly resource-heavy, with direct costs in advertising, media and image licensing, and indirect costs via the time and resources it takes to create content. Tradeshow promotions often seem like an effective way to win new customers, but they rarely break even, much less turn a profit, once you account for the cost of implementation and administration they require to run.<\/p>\n<h2><strong>4. Real Purchasing Costs<\/strong><\/h2>\n<p>Purchasers aren\u2019t always given enough lead time or visibility into channel and demand to meet production timelines. That can force them into a reactive buying mode often resulting in paying a premium price or expedited shipping charges. Under crunched timelines, they can\u2019t properly evaluate vendor options, meaning they tend to focus on price alone, missing other important considerations like whether that vendor tends to deliver on time, or whether they\u2019re prone to quality issues.<\/p>\n<p>Quantity matters too. If Purchasing orders too much stock, you will need to consider the carrying cost of extra inventory in your warehouse. Worse, and almost never accounted for, is the fact that as many raw materials age their quality degrades which can affect the quality of your finished goods in turn negatively affecting your brand. If the insufficient stock is purchased, production can grind to a halt when supply runs out (and the rush begins anew as they try to get more stock in, fast).<\/p>\n<h2><strong>5. Packaging<\/strong><\/h2>\n<p><a href=\"\/industries\/manufacturing\/packaging-manufacturing-software\/\"><strong>Packaging is typically one of the most expensive components in production.<\/strong><\/a> It\u2019s also one of the hardest to balance given the trade-off between pricing and volume. You will generally get a better price ordering a large amount of packaging at once, but if there is a design or spec change, that stock will go to waste. Ordering in smaller batches offsets some of those risks, but it introduces new ones like running short on inventory, resulting in last-minute rush orders that can cost a fortune to deliver. You will also need to consider the administrative costs associated with packaging, like the design and artwork, and storage while it\u2019s sitting unused.<\/p>\n<h2><strong>6. Warehousing<\/strong><\/h2>\n<p><a href=\"\/business-processes\/warehouse-management-system\/\"><strong>Warehousing<\/strong><\/a> processes run the gamut from how you keep tabs of your inventory (is it done manually on paper forms?) to how you manage expiration dates (do you often throw out or heavily discount old stock because pickers choose the newest?) to where you keep your on-the-floor knowledge (only \u2018Bob\u2019 knows where everything is). There\u2019s a lot of room for error \u2013 and unexpected added costs \u2013 if they aren\u2019t tightened up or even automated.<\/p>\n<h2><strong>7. Logistics<\/strong><\/h2>\n<p>Logistics is the second-largest component of manufacturer cost, and those costs can unexpectedly increase due to issues like customers charging fines for missed delivery times or fluctuating fuel prices. The way you plan your route and fill your trailers makes an impact too. Often rarely accounted for is that you are still paying for the driver, fuel, and wear and tear for those returning empty trucks. Unfortunately, customers rarely accept additional fees or price increases and you are expected to simply absorb these costs on already slim margins.<\/p>\n<h2><strong>8. Quality<\/strong><\/h2>\n<p>There\u2019s one thing more important than what you make: it\u2019s how you make it. Quality needs to be top-of-mind in the food and beverage industry not only to protect your brand in the eyes of the consumer, but you must also adhere to the guidelines and requirements of governing bodies like the CFIA and the FDA. If your quality management system is based on running product measurements and incident reports via manual processes on pen and paper, spreadsheets or a combination of both \u2013 you make it harder and more time-consuming to share information with all of your stakeholders and introduce more opportunities for manual error throughout the reporting process. Never mind the cost of physically storing that paperwork in boxes, sometimes left unchecked for years.<\/p>\n<h2><strong>9. Traceability<\/strong><\/h2>\n<p>The cost of a recall goes far beyond damage to your brand. So what\u2019s your plan to control costs in the event of a recall? <a href=\"\/business-software\/business-needs\/traceability-erp-software\/\"><strong>It should start with a strong traceability system designed to mitigate risk before a recall ever happens.<\/strong><\/a> If your information is written on a form and stored away in a box with hundreds of other forms, someone will eventually need to search through all of those files. If there are inaccuracies or fields that were never filled in, someone needs to find the right answers (in some cases, this can take months). Without the full details at hand in a timely manner, you will be forced to recall more of your product than you potentially need to. That\u2019s time, energy and money you could have saved with a system that tracks all your materials throughout your manufacturing process in just a few clicks.<\/p>\n<h2><strong>You can\u2019t fix what you can\u2019t see<\/strong><\/h2>\n<p>There\u2019s no single solution for all of these issues, but I can recommend a few approaches to help you find what works best for your business:<\/p>\n<ul>\n<li><strong>The 80-20 rule:<\/strong> Focus on the highest-impact areas where you can make a change.<\/li>\n<\/ul>\n<p>What are your strengths and your weaknesses? Do you fall short on procurement, production, promotions or freight? By looking through your data, you\u2019ll be able to pinpoint where improvements can pay off most.<\/p>\n<ul>\n<li><strong>Standardize processes and operating procedures: <\/strong>If everyone on your team knows<\/li>\n<\/ul>\n<p>what they\u2019re supposed to be doing each day, and executes on those expectations reliably, you can feel more confident about repeating your successes. Do not assume that because you had a meeting or wrote an email a month ago things have not changed. Food and Beverage companies have one of the highest plant worker turnovers of any industry. Ensure there is clear, regular and, most importantly, two-way communication between management, supervisors and workers. Regular plant \u201cwalkabouts\u201d by production management should be the norm. When things do go wrong, standardized processes make it faster and easier to pinpoint the weak spots and get them resolved quickly.<\/p>\n<ul>\n<li><strong>Implement technology.<\/strong> An Enterprise Resource Planning (ERP) system, for example, can electronically record, centrally store and analyze information from all areas of your business \u2013 including your production line \u2013 and deliver it in real time where it\u2019s needed most to make better decisions. Not only does this reduce the errors associated with manual systems that come with multiple data entry or trying to decipher someone\u2019s handwriting (Is that 2 or a 5?), but it also saves on time when you need to find that data later on.<\/li>\n<\/ul>\n<p>Finally, automate production where you can. This does not need to be a large investment all at once. Even sensors that can cover basic, repetitive and error-prone tasks like weighing and counting, can make a big impact.<\/p>\n<p>In short, standardizing and automating processes, capturing data electronically and implementing an ERP system that centralizes and shares information in real time across all departments will give you the visibility to where you are making and more importantly losing money. You can now use this information to make progressive changes and accurately measure the impact.<\/p>\n<h3><strong><a href=\"https:\/\/canada.syspro.com\/whats-eating-your-margins-webinar-recording\" target=\"_blank\" rel=\"noopener noreferrer\">Want to learn more about factors that eat into F&amp;B profitability \u2013 and how you can address them? Watch this webinar<\/a><\/strong><\/h3>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 9<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>There are good surprises and there are bad surprises \u2013 like discovering that, somewhere in your food and beverage manufacturing business, there are serious gaps that are draining your bottom line. Even worse, you don\u2019t always realize it until the damage is already done.<\/p>\n","protected":false},"author":181,"featured_media":9582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[45,281,276,7],"class_list":["post-9581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-erp-for-manufacturing","tag-business-software","tag-erp-and-digitization","tag-erp-and-technology","tag-erp-implementation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Are These 9 Hidden Costs Eating Away at your F&amp;B Business\u2019s Profitability?<\/title>\n<meta name=\"description\" content=\"Food &amp; Beverage Manufacturers need to understand the gaps that are draining your bottom line. Find our more\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Are These 9 Hidden Costs Eating Away at your F&amp;B Business\u2019s Profitability?\" \/>\n<meta property=\"og:description\" content=\"Food &amp; Beverage Manufacturers need to understand the gaps that are draining your bottom line. Find our more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/\" \/>\n<meta property=\"og:site_name\" content=\"SYSPRO Blog\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-17T04:00:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-04T14:51:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sg.syspro.com\/blog\/wp-content\/uploads\/2021\/03\/Are-These-9-Hidden-Costs-Eating-Away-at-your-FB-Businesss-Profitability-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"410\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mike Hutson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mike Hutson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/\"},\"author\":{\"name\":\"Mike Hutson\",\"@id\":\"https:\/\/sg.syspro.com\/blog\/#\/schema\/person\/1f442efe3d58a5782df084f8076707f4\"},\"headline\":\"Are These 9 Hidden Costs Eating Away at your F&#038;B Business\u2019s Profitability?\",\"datePublished\":\"2020-12-17T04:00:03+00:00\",\"dateModified\":\"2021-03-04T14:51:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/\"},\"wordCount\":1668,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/sg.syspro.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sg.syspro.com\/blog\/wp-content\/uploads\/2021\/03\/Are-These-9-Hidden-Costs-Eating-Away-at-your-FB-Businesss-Profitability-1.jpg\",\"keywords\":[\"Business software\",\"ERP and Digitization\",\"ERP and Technology\",\"ERP Implementation\"],\"articleSection\":[\"ERP for Manufacturing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/\",\"url\":\"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/\",\"name\":\"Are These 9 Hidden Costs Eating Away at your F&B Business\u2019s Profitability?\",\"isPartOf\":{\"@id\":\"https:\/\/sg.syspro.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sg.syspro.com\/blog\/wp-content\/uploads\/2021\/03\/Are-These-9-Hidden-Costs-Eating-Away-at-your-FB-Businesss-Profitability-1.jpg\",\"datePublished\":\"2020-12-17T04:00:03+00:00\",\"dateModified\":\"2021-03-04T14:51:21+00:00\",\"description\":\"Food & Beverage Manufacturers need to understand the gaps that are draining your bottom line. Find our more\",\"breadcrumb\":{\"@id\":\"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/#primaryimage\",\"url\":\"https:\/\/sg.syspro.com\/blog\/wp-content\/uploads\/2021\/03\/Are-These-9-Hidden-Costs-Eating-Away-at-your-FB-Businesss-Profitability-1.jpg\",\"contentUrl\":\"https:\/\/sg.syspro.com\/blog\/wp-content\/uploads\/2021\/03\/Are-These-9-Hidden-Costs-Eating-Away-at-your-FB-Businesss-Profitability-1.jpg\",\"width\":900,\"height\":410},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/sg.syspro.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Are These 9 Hidden Costs Eating Away at your F&#038;B Business\u2019s Profitability?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sg.syspro.com\/blog\/#website\",\"url\":\"https:\/\/sg.syspro.com\/blog\/\",\"name\":\"SYSPRO Blog\",\"description\":\"Insights on Business Management Software and ERP\",\"publisher\":{\"@id\":\"https:\/\/sg.syspro.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/sg.syspro.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/sg.syspro.com\/blog\/#organization\",\"name\":\"SYSPRO\",\"url\":\"https:\/\/sg.syspro.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sg.syspro.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/sg.syspro.com\/blog\/wp-content\/uploads\/2021\/03\/cropped-syspro-blog-logo.png\",\"contentUrl\":\"https:\/\/sg.syspro.com\/blog\/wp-content\/uploads\/2021\/03\/cropped-syspro-blog-logo.png\",\"width\":260,\"height\":94,\"caption\":\"SYSPRO\"},\"image\":{\"@id\":\"https:\/\/sg.syspro.com\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/sg.syspro.com\/blog\/#\/schema\/person\/1f442efe3d58a5782df084f8076707f4\",\"name\":\"Mike Hutson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sg.syspro.com\/blog\/wp-content\/uploads\/2020\/12\/MikeHutson-e1552970553886-150x150.jpg\",\"url\":\"https:\/\/sg.syspro.com\/blog\/wp-content\/uploads\/2020\/12\/MikeHutson-e1552970553886-150x150.jpg\",\"contentUrl\":\"https:\/\/sg.syspro.com\/blog\/wp-content\/uploads\/2020\/12\/MikeHutson-e1552970553886-150x150.jpg\",\"caption\":\"Mike Hutson\"},\"description\":\"Mike Hutson is the Solutions Architect at SYSPRO Canada. Mike brings years of valuable expertise and experience in the food production industry, strengthening value to the industry-specific customer-base. He also brings a strong consulting background, with skills in Requirements Analysis, Enterprise Software, Systems Engineering, Team Building, and Software Development Life Cycle (SDLC). Mike leverages his skillset as well as his ability to perform C-Level business requirements analysis through to implementation of plant floor manufacturing execution systems to design optimized business solutions for customers.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/mike-hutson-6b645639\/\"],\"url\":\"https:\/\/sg.syspro.com\/blog\/author\/mike\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Are These 9 Hidden Costs Eating Away at your F&B Business\u2019s Profitability?","description":"Food & Beverage Manufacturers need to understand the gaps that are draining your bottom line. Find our more","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/","og_locale":"en_US","og_type":"article","og_title":"Are These 9 Hidden Costs Eating Away at your F&B Business\u2019s Profitability?","og_description":"Food & Beverage Manufacturers need to understand the gaps that are draining your bottom line. Find our more","og_url":"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/","og_site_name":"SYSPRO Blog","article_published_time":"2020-12-17T04:00:03+00:00","article_modified_time":"2021-03-04T14:51:21+00:00","og_image":[{"width":900,"height":410,"url":"https:\/\/sg.syspro.com\/blog\/wp-content\/uploads\/2021\/03\/Are-These-9-Hidden-Costs-Eating-Away-at-your-FB-Businesss-Profitability-1.jpg","type":"image\/jpeg"}],"author":"Mike Hutson","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Mike Hutson","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/#article","isPartOf":{"@id":"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/"},"author":{"name":"Mike Hutson","@id":"https:\/\/sg.syspro.com\/blog\/#\/schema\/person\/1f442efe3d58a5782df084f8076707f4"},"headline":"Are These 9 Hidden Costs Eating Away at your F&#038;B Business\u2019s Profitability?","datePublished":"2020-12-17T04:00:03+00:00","dateModified":"2021-03-04T14:51:21+00:00","mainEntityOfPage":{"@id":"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/"},"wordCount":1668,"commentCount":0,"publisher":{"@id":"https:\/\/sg.syspro.com\/blog\/#organization"},"image":{"@id":"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/#primaryimage"},"thumbnailUrl":"https:\/\/sg.syspro.com\/blog\/wp-content\/uploads\/2021\/03\/Are-These-9-Hidden-Costs-Eating-Away-at-your-FB-Businesss-Profitability-1.jpg","keywords":["Business software","ERP and Digitization","ERP and Technology","ERP Implementation"],"articleSection":["ERP for Manufacturing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/","url":"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/","name":"Are These 9 Hidden Costs Eating Away at your F&B Business\u2019s Profitability?","isPartOf":{"@id":"https:\/\/sg.syspro.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/#primaryimage"},"image":{"@id":"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/#primaryimage"},"thumbnailUrl":"https:\/\/sg.syspro.com\/blog\/wp-content\/uploads\/2021\/03\/Are-These-9-Hidden-Costs-Eating-Away-at-your-FB-Businesss-Profitability-1.jpg","datePublished":"2020-12-17T04:00:03+00:00","dateModified":"2021-03-04T14:51:21+00:00","description":"Food & Beverage Manufacturers need to understand the gaps that are draining your bottom line. Find our more","breadcrumb":{"@id":"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/#primaryimage","url":"https:\/\/sg.syspro.com\/blog\/wp-content\/uploads\/2021\/03\/Are-These-9-Hidden-Costs-Eating-Away-at-your-FB-Businesss-Profitability-1.jpg","contentUrl":"https:\/\/sg.syspro.com\/blog\/wp-content\/uploads\/2021\/03\/Are-These-9-Hidden-Costs-Eating-Away-at-your-FB-Businesss-Profitability-1.jpg","width":900,"height":410},{"@type":"BreadcrumbList","@id":"https:\/\/sg.syspro.com\/blog\/erp-for-manufacturing\/are-these-9-hidden-costs-eating-away-at-your-fb-businesss-profitability\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/sg.syspro.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Are These 9 Hidden Costs Eating Away at your F&#038;B Business\u2019s Profitability?"}]},{"@type":"WebSite","@id":"https:\/\/sg.syspro.com\/blog\/#website","url":"https:\/\/sg.syspro.com\/blog\/","name":"SYSPRO Blog","description":"Insights on Business Management Software and ERP","publisher":{"@id":"https:\/\/sg.syspro.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sg.syspro.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/sg.syspro.com\/blog\/#organization","name":"SYSPRO","url":"https:\/\/sg.syspro.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sg.syspro.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/sg.syspro.com\/blog\/wp-content\/uploads\/2021\/03\/cropped-syspro-blog-logo.png","contentUrl":"https:\/\/sg.syspro.com\/blog\/wp-content\/uploads\/2021\/03\/cropped-syspro-blog-logo.png","width":260,"height":94,"caption":"SYSPRO"},"image":{"@id":"https:\/\/sg.syspro.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/sg.syspro.com\/blog\/#\/schema\/person\/1f442efe3d58a5782df084f8076707f4","name":"Mike Hutson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sg.syspro.com\/blog\/wp-content\/uploads\/2020\/12\/MikeHutson-e1552970553886-150x150.jpg","url":"https:\/\/sg.syspro.com\/blog\/wp-content\/uploads\/2020\/12\/MikeHutson-e1552970553886-150x150.jpg","contentUrl":"https:\/\/sg.syspro.com\/blog\/wp-content\/uploads\/2020\/12\/MikeHutson-e1552970553886-150x150.jpg","caption":"Mike Hutson"},"description":"Mike Hutson is the Solutions Architect at SYSPRO Canada. Mike brings years of valuable expertise and experience in the food production industry, strengthening value to the industry-specific customer-base. He also brings a strong consulting background, with skills in Requirements Analysis, Enterprise Software, Systems Engineering, Team Building, and Software Development Life Cycle (SDLC). Mike leverages his skillset as well as his ability to perform C-Level business requirements analysis through to implementation of plant floor manufacturing execution systems to design optimized business solutions for customers.","sameAs":["https:\/\/www.linkedin.com\/in\/mike-hutson-6b645639\/"],"url":"https:\/\/sg.syspro.com\/blog\/author\/mike\/"}]}},"metadata":{"_yoast_wpseo_focuskw_text_input":[""],"_yoast_wpseo_title":["Are These 9 Hidden Costs Eating Away at your F&B Business\u2019s Profitability?"],"_yoast_wpseo_metadesc":["Food & Beverage Manufacturers need to understand the gaps that are draining your bottom line. Find our more"],"_yoast_wpseo_content_score":["30"],"_yoast_wpseo_primary_category":["13"],"_yoast_wpseo_focuskw":[""],"_yoast_wpseo_linkdex":[""],"_yoast_wpseo_metakeywords":[""],"_yoast_wpseo_is_cornerstone":[""],"_wp_page_template":["default"],"_thumbnail_id":["9582"],"_elementor_page_assets":["a:0:{}"]},"_links":{"self":[{"href":"https:\/\/sg.syspro.com\/blog\/wp-json\/wp\/v2\/posts\/9581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sg.syspro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sg.syspro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sg.syspro.com\/blog\/wp-json\/wp\/v2\/users\/181"}],"replies":[{"embeddable":true,"href":"https:\/\/sg.syspro.com\/blog\/wp-json\/wp\/v2\/comments?post=9581"}],"version-history":[{"count":0,"href":"https:\/\/sg.syspro.com\/blog\/wp-json\/wp\/v2\/posts\/9581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sg.syspro.com\/blog\/wp-json\/wp\/v2\/media\/9582"}],"wp:attachment":[{"href":"https:\/\/sg.syspro.com\/blog\/wp-json\/wp\/v2\/media?parent=9581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sg.syspro.com\/blog\/wp-json\/wp\/v2\/categories?post=9581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sg.syspro.com\/blog\/wp-json\/wp\/v2\/tags?post=9581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}