Symphony GOLD improves Fresh Item Management solution

Symphony GOLD, a software solutions provider with headquarters in Atlanta, said it enhanced its Fresh Item Management (FIM) solution by optimizing the ordering and management of recipe ingredients through the entire supply chain, from farm to table. The new capabilities are aimed at convenience food restaurant chains and retailers that are increasingly allocating store space to the preparation of fresh food, either to consume on-site or to take away.

The new FIM modules use Symphony GOLD’s inventory management and replenishment engine to forecast the consumption of specific recipes in each outlet, ensuring that demand is met while keeping food waste to an absolute minimum. The modules help providers to forecast accurately, while allowing for variations in consumer consumption habits, seasonal availability of ingredients and evolving food regulations and requirements. All components of both standard recipes and made-to-order items are fully trackable. Inventory and replenishment, cost analysis, nutritional information, food safety and forecasting are all linked directly to the entire supply chain via the GOLD platform, the company said.

“Retailers today are turning to fresh convenience as a means of providing a differentiated service, and to achieve that competitive edge, they need to address customers’ increasing concerns about transparency, both in terms of the freshness and health benefits of the products on sale,” said Donal Mac Daid, vice president marketing supply chain, Symphony GOLD. “At Symphony GOLD, we have spent many years helping retailers optimize their inventory management, ensuring products are on the shelf in-store when they need to be. For the ‘store of the future,’ retailers need to able to manage recipe ingredients in just the same way they handle the rest of their inventory.”