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Yield & Costing Analysis in the Food industry

6th March 2017

NORTH AMERICA:

The food industry is no different than any other complex manufacturing business whose goal is to make a profit. If you are not able to calculate your true manufacturing cost, it could lead to lost profits, orders and customers. To remain profitable, you need to answer a number of questions; Are you pricing your products to make a profit? Are you producing the products at the cost you calculated? Are you contributing to overhead and profit levels to meet your strategic business goals?

In the food industry, there are very small margins, making it difficult for food companies to achieve and maintain profitability. One of the first lessons of accounting is the equation of Profit = Revenues – Costs

In the food industry, the volumes are fairly flat, growth is slow, so food processing companies need to be focused on managing costs as the best option to improve profitability. Determining what are the product and customer costs is not as simple as it seems in the food industry. Over the last 15 years many food companies have either gone out of business or been bought out by a larger company due to lack of profit.

Current state of ERP vendors able to support the food industry costing

Food companies are not able to calculate accurate costs with their current software systems due to limitations in these systems required to support food industry requirements. The quality and specification of raw materials vary significantly from vendor to vendor and at different times of the year. This is especially true in the meat industry where each species carcass is a different size and weight, so for example, each ham or loin produced has different amounts of lean/fat, bone and trim.

The process of blending, mixing and cooking can produce different yield losses depending on the attributes of the raw materials used, and the setup of the equipment. ERP vendor software is not designed to track and measure yield loss tracking as the product moves through the various food production processes.

Due to the limitations in the costing functionality, many companies use manual (spreadsheet) calculations to determine product costs. While spreadsheets may work for smaller, ad-hoc analysis, they fall short in handling massive complex costing processes due to their limitations with scalability, data integrity, integration and security. They are also open to clerical error (no validation), and are typically reliant on a few key individuals within the organisation. The ‘hit by a bus’ risk is a cause for concern.

Furthermore, manual cost calculations are then fed into some type of profitability analysis, but the challenge is that the manual data capture is flawed, making these analyses less than optimal. For food companies to survive in the current economy they require accurate and complete profitability information.

Addressing the challenge of calculating costs

From the big picture perspective, it is relatively easy to calculate profit. Total up all your revenue and expense accounts and calculate the difference between the two. This tells you that in total income made or lost, but at a macro level. The calculation of profit for specific products or customers can easily explode into a massive undertaking. Companies do not know where to look to address their profitability issues.

The current situation of limitations of profitable reporting is a direct correlation with the challenges the food manufacturers face when calculating accurate cost results – lack of an automated costing process, substantial manual processes, lack of operational measurement to ensure accuracy of results and lack of granularity.

Food companies have tried different approaches to address the costing requirement. They have tried sophisticated spreadsheets, in some cases using a network of complex spreadsheets. Others have attempted to modify their ERP or Financial (GL) systems to handle the advance costing needs of the food industry, but often these modifications fail to deliver a comprehensive cost system. Lastly, companies have embarked on building their own custom cost system from the ground up. While these systems will give the company exactly the costing system they want, it comes at a significant cost of time, money and resources.

Operational costing systems are the next generation of solutions created specifically to handle the complex costing and measurement environments encountered by food process manufactures. These package solutions that integrate with your existing ERP or Financial System allow companies to rapidly gain access to detailed cost data that that is specific to their food production process. Access to detailed product information brings a whole new level of insight on operation performance and arms the Operational Management team with information to effectively manage and implement continuous improvement projects to reduce costs.

By adding an operational costing and measurement system to the existing business systems, food manufactures can remedy many of the symptoms that produce an ailing cost process.

How Operational Costing in the Food Industry Improves Profitability

Your competitor just undercut your price, so to be competitive in the market you’re probably thinking that all you have to do is meet or beat your competitor’s price to get the deal. Let’s just reduce or eliminate the overhead contribution, and quote the price based on the materials and labour, then mark up the cost to meet the company profit margins. Right? Wrong. There are many manufacturing companies who price on the basis of what their competitors charge or the market price, without considering whether their competitors have a different cost structure or knowing their own true manufacturing costs. If you base your prices on what others are doing, you’ll never know if you’re taking in profitable business.

Instead, adopt a different approach that will bring in profitable business while remaining competitive, by implementing Emydex’s Yield and Costing Module that is a fully integrated component of the Emydex Production Management Platform, that is tightly integrated to your existing ERP or Financial System.

Yields & Costings Module, on Emydex Core Platform, integrated to back-office ERP

With the recipe BOM (Bill of Materials), Emydex is able to model the flow of raw materials, ingredients, packaging, resources and overhead through the food production process. By monitoring actual costs and product movement through the process, Emydex is able to generate yield variances, and measure the financial impact of production using standard reports to validate the accuracy of the costing standards.

These costs and variances can be integrated with your existing financial system to provide a more global analysis of profitability.

By knowing the true costs of producing products at your food plant, Emydex’s Yield & Costings software gives you the knowledge needed to make strategic and operational decisions that will keep your business profitable.

Terry McCorriston, Authorised Distributor, Emydex North America

Emydex Canada / North America

Terry McCorriston Consulting
28 McGibbon Crt
Kitchener, Ontario
Canada
N2A 3P2
T: + 001 519 500 0540

Terry McCorriston

LinkedIn – profile

Contact Sales

Email – sales@emydex.com

Electronic Sheep EID / NLIS system for Sheep & Goats

12th February 2017

VICTORIA – AUSTRALIA:

With the compulsory recording of individual sheep RFID ear tags due to commence now in Victoria (June 2017), Emydex Technology, a world leader in Traceability software systems for the food industry, is well positioned to not only meet this new requirement, but also to add real value for small stock processors.

Emydex links directly to the National Livestock Identification System (NLIS) database, so data captured by the Emydex systems regarding received and processed animals, can easily be retrieved and uploaded the to the NLIS system.

By supplying a fully integrated system that links purchase appointments, deliveries, sale yard purchase data, animal welfare and quality assurance with on-floor processing data, a number of significant benefits are provided. These include data accuracy, minimal manual data input and full integration of the supply chain.

‘By integrating Emydex’s RFID data capture solution into the processing and payment chain, Wodonga Abattoir can gain full traceability and true individual carcass costing whilst complying with the new regulatory requirements. This gives us significant benefits and reduces manual data input by leveraging the inbuilt NLIS integration and sophisticated costing system that Emydex provides’. Rod Scarvell, Wodonga Abattoir.

P&L by Animal

A key feature of the Emydex system is the ability to produce a ‘P&L for every animal processed’ without having to manually key costing data or averaging costs over multiple animals. By automatically processing the XML post sale datafiles as supplied by the saleyards, not only is the purchase data for each lot recorded and the lots for processing automatically created, the individual RFID (ear tag) numbers are stored against the supplying agent and the price paid.

This RFID data can then be matched back to the agent on an animal by animal basis, irrespective of when processing occurs or if stock is mixed prior to processing.

Additional costs can be applied by default on a saleyard or direct supply basis and can include freight, droving and, branding costs, commissions etc. so the full cost of each animal delivered to the yards can be determined.

Flexible Payments

With a user definable payment grid combined with the ability to include expected skin and other revenues the true cost of the stock to the processor is available. It is also possible to generate the slaughter floor costs (kill fee) for all purchases so stock can be costed ‘to the boning room’.

Naturally this also allows for the production of recipient created tax invoices, agent reporting, AUSMEAT feedback sheets and government levy accruals etc. which can all be emailed directly from the system to the relevant parties.

eNVD system

Emydex is also one a few ‘integrated’ systems that is certified by the MLA to integrate to the new eNVD system and thus provides the ability to receive NVD data electronically, which is fully integrated to other Emydex system modules. This provides the ability to not only store the relevant data from a legislative point of view, but also to utilise this data to drive the rest of the system by matching received livestock to the eNVD and then to the lairage, kill agenda and payments with minimal data input.

Being a fully integrated, flexible system built on modern .NET technology, with powerful on-floor data collection systems linked to a user-friendly back office system, Emydex, a system proven in over 30 livestock processing plants around the word, is able to offer the following advantages .

Emydex Sheep EID system benefits include:

The ability to create ‘appointments’ and lairage lots direct from the purchase advice data sent by the sale yards with no manual input (XML file)
The ability to match individual small stock animals back to the agent details of the appointment via the RFID to obtain the true cost of the animal (for costing).
The ability to add additional costs to a sale yard purchase such as agent commissions, droving, transport (up to three transport companies per purchase), feeding etc. all of which can be defaulted by sale yard provider. This then provides a true cost of stock to the plant by animal.
Track sale yard average costs for boxed lots if not RFID tagged.
Report on costs by provider (i.e. all freight or droving costs by supplier for a time period) to match to supplier invoice for reconciliation.
The ability to record small stock EID data on the slaughter floor.
NLIS database interface inbuilt in the system negating the need to export/import or use any third-party applications. By having all of the current holdings etc. in the Emydex database (automatically downloaded) information can easily be match automatically to kill records.
An MLA certified eNVD solution integrated to the NLIS database and which provides the ability to create appointments from the eNVD data.
Flexible ‘three level’ payment grid with a second ‘fall through’ grid for animal that do not meet the criteria on the primary grid applied to the purchase.
Settlement schemes that automatically apply charges and rebates to supplier invoices associated with that scheme.
Record charges that apply to the invoice plus charges that are plant costs e.g. ‘processing levy’.
An optional facility to update any kill data from the back office after the kill.

Emydex Sheep Payments system benefits include:

Farmers (RCTI)
Hobby Farmers (no GST)
Advise agents of revenues for agent supplied over the hooks purchases (Buyer Advice).
Match sale yard agent invoices to the stock killed. Also allow for combine payments to the sale yard itself (VLE).
Record sheepskin sales and generate RCTIs to the purchasers.
Allow for the recording of all costs associated with a service kill and invoice those based on number of head processed.

Other system benefits include:

Email reports directly from the Emydex application without printing, scanning and emailing. Combine RCTI and feedback sheet as one email to supplier.
The ability to store general ledger codes per transaction type (e.g. fees, levies, purchase types etc. he facilitates the interface into accounting systems. Note interface not standard).
Flexible, easy to use data collection screens that can be combine or separated as required (i.e. a separate sex and dentition station or both functions on one).
Standalone grading stations that can run without the previous stations being available.
The ability to switch, at the flick of an on screen ‘switch’, between grading printers (for different ticket sizes etc. or in the case of a printer break down).
The ability to take an input from a panel reader and change to a wand reader should the panel reader fail (again at the flick of an on screen ‘switch’).
Data collection screens that can increment body numbers automatically and only be updated when necessary i.e. a breed station that only need to be updated if the breed needs to be recorded for a particular animal.
Inbuilt QA system with transport quality (cleanliness, bruising points etc.) and animal welfare check forms (which is able to be used in all the Emydex modules to provide a full quality management system).
Modern ‘.NET’ Microsoft SQL Server database environment.
Inbuilt report writer that allows IT Staff to generate reports in house.
Over 30 Emydex staff worldwide to support the application.

Stock Control & Dispatch System live in Wodonga

11th January 2017

VICTORIA – AUSTRALIA:

Established in 1965, Wodonga Abattoir is a leading export-focused multi-species meat processor, based in Northern Victoria, Australia. Wodonga Abattoir processes approximately 45,000 tonnes of meat per annum, including 70,000 cattle, 1,200,000 sheep and lambs, 10,000 Bobby Calves and 300,000 goats. Their products are 100% processed for export markets including USA, Canada, Mexico, Japan, Korea, Russia, South Africa, Indonesia, China, Malaysia and Middle Eastern Countries and hold both Halal and Organic Certifications.

Warehouse Management System & Sales Order Processing

Wodonga approached Emydex in 2016 with a requirement for a flexible Warehouse Management system that would work in tandem with their existing internal IT systems, but would offer them more accurate and faster reporting across the organisation. They needed a system that covered Sales Order Entry as well as Dispatch, that also managed transfers of stock between their main site and external Coldstores, as well as dispatches from the external Coldstores to end customers. They also needed a centralised data repository to consolidate and integrate departmental data and a system that could grow as required with the option to implement additional modules at a later stage.

As Wodonga are an export focused processor, they needed a system that could operate in foreign currencies, that could be linked to a particular vessel leaving Australia for export markets. Finally, they needed a system that could interface with OzDocs, an Australian export documentation system.

OzDocs Export Documentation

As part of the Emydex Product File setup for Wodonga, Emydex configured a new export tab specifically for the meat standard cut codes in Australia, that are used to describe export products. Export data is sent, along with the units and weights, production dates etc. to OzDocs, which is then able to communicate with the regulatory authorities and produce the necessary physical documentation. In Australia, a statutory requirement for exporting goods is the ability to assign port mark stamps to items for export. Emydex’s Australian system is now configured such that assigning Port Mark stamps to box labels is a very quick and easy process, fully audited, and allows Wodonga to decide how they are going to assign Port Marks on each shipment.

Inter-site Transfers

Another feature Emydex added was the ability to scan items (both cartons and carcasses) to a ‘transfer’ order to track it leaving the plant, as well as the ability to re-scan back into stock at the other end. This can be an automatic transfer where goods are ‘auto received’ into sites where there is no integration in place between Emydex and the receiving site’s system, or they can be scanned in at the pallet level to confirm receipt where Integration is in place. As part of this process Wodonga can print an ‘MTC attachment’ which describes the export markets the product can be sent to and reduces the manual paperwork involved in transferring stock.

Inventory Reporting

Emydex provided Wodonga with an advanced Inventory Stock reporting system, providing real-time visibility of stock across the organisation, including reports for 3^rd Party Cold Stores, detailing what stocks have been dispatched on their behalf. Wodonga now have automatic stock reconciliations with Cold Stores, significantly reducing the time taken to track and reconcile external stock.

Dual Units of Measure

As part of the inventory management system, Emydex allows Wodonga to view their stock in one unit of measure, such as KG’s for example, but then to price/sell products in a different units of measure such as lbs and pieces (units). “The ability to procure, store, and sell products in different units of measure is an area standard ERP systems really struggle with”, said Ian Carson of Emydex Australia “the fact that Emydex was designed to specially cater for such scenarios is one of the big differentiators between Emydex and other factory floor systems” he added.

Commenting on the project, Rod Scarvell of Wodonga said “Overall there have been some great speed improvements and efficiencies with the introduction of Emydex in Wodonga. The company now has better visibility of inventory stocks across the extended organisation, so the benefits of installing Emydex are immediately obvious”

Due to the nature of the company, Wodonga Sales Orders are typically quite large. Emydex provided Wodonga with functionality that enables the company to break down large sales orders into smaller ‘dispatch’ orders that they can track and invoice, while at the same time retaining links to the larger overall Sales Orders.

Forwards and Backwards Traceability

As with all Emydex systems, full backwards and forwards traceability reporting is included as standard. Wodonga can easily track all movements of stock including movements and dispatches that happen at the External Coldstores. The forward and backwards traceability reporting allows operators to find quickly and easily, what Sales Order a box was dispatched on or vice versa, find what Boxes went out on all Sales Orders.

Emydex System Benefits

Wodonga now have a simple, consistent and clean user interface which has been readily adopted by their users. By using the Emydex in-built report writer, Wodonga’s IT users now have the ability to write their own reports, eliminating the reliance and cost for external technical support. With the removal of the need for a separate ‘reporting’ database, reporting accuracy and speed have been greatly improved.

Commenting on the project, Rod Scarvell, IT Manager with Wodonga Abattoir said “we had been talking to Emydex for almost 3 years before we made the decision to implement their factory floor IT system. The Implementation itself went very smoothly, so much so we decided to change some of our internal work practices along the way to suit the system, ultimately improving the business. The Emydex project manager kept everybody on track and ensured each person got their required jobs done in a timely manner, and their Lead developer and local representatives were very knowledgeable about not only the Emydex product but also how this related to our particular business processes. The main advantages of Emydex we see at this early stage are the company now has better visibility of inventory stocks, coupled with the overall speed of operation, and system running on a modern SQL platform. Post go-live the follow up from the Helpdesk support team for any issues that arise has been excellent.”

For more information on our Beef Processing Software click here

Emydex Live in World’s Largest Ostrich Processor

7th December 2016

OUDTSHOORN – SOUTH AFRICA:

World’s Largest Ostrich Processor

Established in 1985, Klein Karoo is the world’s largest Ostrich processor, producing 65% of all Ostrich related products found on international markets. Klein Karoo represents more than 800 local farmer members, and produces ostrich meat, leather and feathers. Klein Karoo supplies Ostrich (Poultry) meat, including the famous ‘fan fillet’ to the local South African market, as well as to a growing number of export markets including the UK, Denmark and Sweden where Klein Karoo’s pre-grilled Ostrich meat is today available in five of the largest retailers in Europe.

With its head-quarters in the town of Oudtshoorn, located on the garden route in South Africa, the company operates a large number of processing factories in the region including three separate Ostrich Slaughter and deboning plants located in Oudtshoorn, Graaff-Reinet and Swellendam, as well as a number of other processing facilities including value-added processing, pet treat, pre-grill and Biltong processing operations.

Working in conjunction with a South African Industrial Engineering Company (iPlan Global), Klein Karoo invited Emydex to tender in July 2015, for a factory floor software solution to replace their existing production control systems that were deemed to be end-of-life. Klein Karoo sought to adopt a “leapfrog” strategy in the selection of their new software system i.e., a technological solution appropriate for 2016 and beyond. They also requested a centralised enterprise system in order to maintain one “single version of the truth”. Finally, the system they sought needed to be agile and flexible so as to allow for scale and speed to incorporate business change such as acquisitions.

Kill Line Software Live in Three Plants

Following a thorough tender process, including a project discovery and scoping exercise in South Africa, Emydex were awarded the Klein Karoo contract in January 2016. A team of Emydex developers working remotely from Dublin in close collaboration with Klein Karoo in South Africa, commissioned and configured Emydex software systems for Klein Karoo’s three Abattoir operations, boning halls and value added operations for both Local and Export Markets. A team of Emydex Senior software engineers implemented Emydex systems into the groups three plants over the Summer months of 2016, such that by the end of August all Emydex systems were live and in operation across all processing plants, without any major issues. In tandem, Emydex integrated with Klein Karoo’s new back-office ERP system, Syspro, that was implemented in parallel by iPlan Global.

Commenting on the system go-lives Karoo’s project manager said “The operators at both Graaff-Reinet and Swellendam had a positive experience with Emydex following go-live, and the general consensus is that Emydex seems much simpler and faster to use than their current system. Also taking into account the fact that the users at Swellendam saw the screens for the first time on the morning of go-live, and had no major issues transacting. So overall a positive experience from an end-user’s perspective. The Emydex developers were very helpful during their visit and didn’t shy away from finding on-site solutions or the long hours.”

Full Traceability Reporting

Commenting on the perceived benefits for the business following the system go-live, Cobus Pretorius, Production & logistics Co-Ordinator with Klein Karoo said “The Emydex program interface is really user friendly, and makes navigating through the system very easy, and also the filtering option on all Emydex client screens, make lookups quick and easy. The suite of full traceability reports are easy to navigate, and will save us a lot of time. In addition, the fact that all information and reporting can be extracted to Excel also has a lot of benefits for our business.” Commented Pretorius

He went on to add “from a Warehousing perspective the full scanning throughout the Emydex system is a big step forward for our company, we can already see the huge benefits this gives us in terms of proper stock control. Also by fully integrating with our new financial system, Emydex has eliminated all the work that we had to manually duplicate before. Naturally the human error with regards to these manual duplicated transactions has also been removed.

The automatic integration between our Graaff Reinet & Swellendam plants in terms of carcass shipments to our primary processing facility in Oudtshoorn has also saved us a lot of time and trouble. Lastly, the way labels are set up, and the ability we have to change them with little or no input from Emydex, as well as the fact that we can preview the labels before we have to actually print, is something that I rate as one of my top three system improvements!”

Recipe Formulation Software

“Finally, the Emydex Recipe system, which is something new to Klein Karoo, works really well and we can see that it actually gives the factory workers a sense of pride in actually “measuring” what they are doing and not just blindly mixing bathes. This also ensures that the correct products are used in the correct quantities for all the recipes. The last benefit I would add is that having the ability to be able to trouble-shoot quickly by being able to connect to the actual floor pc’s have made life much easier!” added Cobus Pretorius.

Reflecting on the project’s success, Charl du Plessis, Managing Director of Klein Karoo International said “to incorporate Emydex slaughter, de-boning and recipe functionality into a single business entity in such a short time-frame was great achievement in my opinion”. David McMahon, Emydex CEO added “the Klein Karoo project was definitely one of the most ambitious and potentially challenging projects we have ever had to tackle. The fact that the go-lives went so smoothly, over the various project phases coming in quick succession over the Summer, is down to the hard work and many months of preparation and testing invested by Klein Karoo, iPlan and Emydex working in partnership as a unified team”.

For more information on our Poultry Processing Software click here

Beef Processing Software Live in MeatCo Namibia

5th November 2016

WINDHOEK – NAMIBIA:

The Emydex implementation team returned to Ireland after the latest phase of Emydex system deployments at MeatCo’s two main production sites located in Windhoek and Okahandja, Namibia. At this stage Emydex’s factory floor data capture and production reporting software is now operational from factory door-to-door in both of MeatCo’s main beef primal processing plants, from Kill line through to boning hall processing & packing, sales order picking & dispatch.

In addition to their main primal processing plants, Emydex is now also installed in two further processing plants on the MeatCo Windhoek site that are the Wholesale and Cannery processing plants. Current plans are for MeatCo’s IT staff to themselves complete the Emydex systems roll-out to its other two beef processing plants located North of the veterinary fence in Oshikati and Katima Mulilo. Both deployments will be supported remotely by Emydex’s Implementation team of developers based in Emydex’s HQ in Dublin, Ireland.
At this point there are just under 100 Emydex data capture devices (consisting of PC terminals and hand-held scanners) installed across MeatCo’s four plants operational with Emydex, that include a number of Animal Health and Quality Assurance inspection stations on both Kill line systems, as well as Industrial PC stations covering Dentition, Grading, Primal labelling, Carton Packing, VET Seals, Recipe formulation and Dry Goods stock management.

The Emydex system in MeatCo also provides functionality for 3rd party carcass intake, carcass splitting as well as dispatch. The system is fully integrated to MeatCo’s group wide-ERP system (Sage X3), and has interfaces built to a number of 3rd party Cold Stores in both Africa and Europe.

Having tested and implemented the Emydex kill line & payments system in the Okahandja plant, the same kill line system was later installed in Windhoek over a weekend, going live the following Monday. A fast paced install. “The MeatCo kill line is unique compared to our European kill line systems”, said Emydex CEO David McMahon, “Grading is carried out over two separate stations for example, one per side, allowing different destinations to be associated with each side of an animal, allowing for condemnation or part condemnation of only one side of an animal.”

Commenting on the completion of this main phase of the Emydex project that took just over 12 months to complete, McMahon said “MeatCo have been the ideal customer for Emydex to work with. Highly professional and organised with regard to working with our development and implementation teams on the planning, testing, training and go-live phases of the project. The project ran smoothly over the past 12 months, and we’re delighted to hear now that MeatCo feel they have the sufficient knowledge, in-house capabilities and confidence to continue themselves with completion of our system roll-out to their two remaining processing plants. Our support team will be on-hand to support them 24/7 should it be required.”

Nico Weck, MeatCo’s Group Chief Financial Officer said “Now that the Emydex installation is complete in both our main processing operations, we have a robust Traceability control and reporting system in place that provides our management team with real-time feedback on our production processes. The flexibility that is inherent within Emydex means we can quickly and easily add additional reporting as it is required by the business. ”
For more information on our Beef Processing Software click here

5th Year in a row at Deloitte Fast 50 Awards

4th November 2016

Emydex Technology are delighted to be included in the Deloitte Technology Fast 50 Awards for the 5^th year in a row, achieving some 528% cumulative growth in revenue since the first year entered.

The awards, which are in their seventeenth year in Ireland, recognise the contribution of indigenous companies to the overall technology sector in Ireland, and indeed the overall economy. Cumulatively, the 2016 Fast 50 winners generated approximately €1.6 billion in total annual revenues in 2015.

Emydex supply Factory Floor Software systems to market leading Meat, Fish and Food Processing companies around the world. Today Emydex’s Production Management Software is running in over 80 processing plants, spread across Ireland, the UK, Europe, Southern Africa and Australasia.

David McMahon, Emydex CEO attributes ongoing success to global expansion “Today Emydex are signing up more International customers than domestic ones, seven new customers in 2016 include companies in Australia, South Africa, Canada and the Philippines.”

The awards took place in the Double Tree by Hilton Dublin, on Friday 04th November 2016. Joan O’Connor, Partner, Deloitte said “We are delighted to be recognising these exceptional and innovative Irish companies. Their contribution to the technology sector is critical to the success of the industry overall in Ireland and it is clear from the turnover derived from exports that they are having considerable success in global markets also. This ambition is hugely encouraging to see and will be increasingly important in a post-Brexit marketplace, where pressure on margins may necessitate diversification into other markets. For this reason, and due to the wealth of opportunity that presents itself, we expect developed and emerging markets to be increasingly important for Irish technology companies. The success that has been achieved to date by the indigenous technology sector leaves them well placed to capitalise on this momentum.”

Details of the final Deloitte Technology Fast 50 ranking list are available to download at www.fast50.ie

Yield & Costing Analysis in the Food industry

Current state of ERP vendors able to support the food industry costing

Addressing the challenge of calculating costs