Considering food pricing as a strategy to improve dietary needs is growing in popularity. There have been strong indications that it works to use economic measures and price incentives to promote healthy eating. One of the top concerns when considering availability and pricing is the constant change in growth conditions. It can be difficult not knowing how prices will fluctuate based on market conditions, weather, workforce issues and regulatory changes. Additionally, the quantity of supply available is affected by the price of good and products in the market, the price of the costs of product, technological factors, storage, and climate.
Forecast fluctuations
Prices are a huge driver of food choices, and the impact of food pricing as compared to the types of food chosen go hand-in-hand. The US Department of Agriculture predicts food prices increasing between 1% and 2%, with dairy rising 3% to 4%, vegetables 2.5% to 3.%%,and fresh fruit at 2% to 3% more expensive this year. The rise in prices is due to manufacturers having to adjust to these fluctuations without an alternative that can streamline, foresee and forecast changes that may occur. Food and feed manufacturers must learn how to anticipate these challenges while reducing costs and optimizing resources. As competition continues to grow within the market, it is vitally important to the sustainability and progression of their products to find tools that align with these goals.
With an automated price process in place, health inequalities will lessen, ensuring every industry is able to provide the best service at the right pricing. Adifo’s MILAS software helps put automated pricing in place in a number of areas.
Adifo handles your prices
Adifo utilizes solutions that cater to the needs of the nutritional supply chain. By monitoring and factoring in volatility, feed and food producers are able to forecast and optimize the cash process for nutrition industry needs. Feed and food manufacturers who use this software can adapt to cost variances, purchasing needs and ingredient stocks while addressing the challenges and ever-present needs of these industries. This increases the nutritional value of food and feed while maintaining prices at effective and manageable levels.
Adifo’s solutions work collaboratively with each other to add value to nutrition-centered industries. BESTMIX has a number of features, including:
- Feed formulation
- Quality management
- Formulation as a service cloud-based application
Industry-specific feed requirements like margin control advanced management of purchase, sales, contracts, managing procurement risks and other ERP requirements can be handled through the MILAS platform.
BESTMIX Formulation as a Service
BESTMIX Formulation as a Service allows nutrition experts, plant formulators and other external stakeholders to share crucial information amongst each other. Users are granted direct online access to the nutritional database of a company to retrieve real-time market data to utilize up-to-date equations and state-of-the-art formulation functionality at any time in an easy to use, cloud-based system.
What BESTMIX means for you
The BESTMIX platform is a multi-animal type, multi-model, multi-user tool designed for feed formulation and ration calculation. The system adapts to the stage of the manufacturer, whether the animal is in the growing stage, finishing, layering, etc. Users can pick and choose from any standard animal model, integrate existing ones or build a custom profile. This allows more accurate projections at every step, helping manufacturers with their financial models.
The platform also offers assistance in the area of customer service. A tool for combining advanced nutrition with ration and feed formulation provides better support for farmers and dealers. One of the program's main advantages is the ability for account managers, consultants and users to work from anywhere. The software consistently updates while protecting IP, data permissions and access rights.
For more information on how Adifo can assist your company to help reduce costs and improve workflow, contact a team member to discuss your options today.