NetSuite ERP: Spurring Growth in the Food and Beverage Industry

Last Modified: February 3rd, 2022

4 min read

Food and Beverage Businesses face a unique challenge compared to other business industries. The standards for quality and quality assurance for Food and Beverage Businesses are much higher because the products are for human consumption and must meet the standards of the US Food Safety Modernization Act (FSMA).

The higher standard requires Food and Beverage Businesses to spend more resources on quality control and assurance to ensure that the end-product is safe for human consumption. Additional Cost is added due to the strict tracking and management of business processes that span from manufacturing, processing, recipe management, packaging and the chain of custody of the product.

NetSuite for Food and Beverage Businesses

Businesses in the Food and Beverage Sector have specific demands and requirements because of the higher quality control standards and the nature of the products being manufactured and processed. These specific requirements make it difficult for businesses in the industry to efficiently and cost-effectively automate their business processes.

Fortunately, cloud-based Enterprise Resource Planning (ERP) Software like NetSuite provide the best-fit solutions for the Food and Beverage Industry. NetSuite ERP is cloud-based and allows businesses to access real-time data. Real-time data enables businesses to build and analyze data to accurately forecast demand that reduces stock outs and avoid excess inventory of valuable perishable goods, items, and products.

NetSuite allows businesses to seamlessly communicate with vendors, trading partners, and suppliers throughout the supply to chain to accurately track and audit product movements, and life cycle to ensure the integrity and quality of the product.

Advantages of NetSuite

NetSuite for Food and Beverage Businesses helps business to cope with the complex challenges arising from strict regulation, perishable inventory, and fluctuating customer demands. Growing customer expectations for the food and beverage industry has lead to a focus on fresh, high-quality, and sustainably-produced products that has put a strain in supply chain and inventory management.

NetSuite ERP provides businesses in the Food and Beverage industry with a competitive edge through a variety of cost-effective and efficient cloud-based solutions. These functionalities include inventory and order management, e-commerce, financial and Customer Relations Management (CRM).  The Unique requirements of the Food and Beverage Sector are addressed by the product features of NetSuite ERP.

• An Optimized Supply Chain

NetSuite ERP is cloud-based and allows businesses to access crucial data in the supply chain for control, visibility, and planning, NetSuite ERP enables multi-location inventory for easier real-time supply chain monitoring.

• Streamlined Sales Cycles

NetSuite seamlessly integrates the customer journey across all channels for faster transactions and to create better long lasting relationships.

• Omnichannel Access

Businesses can manage across all channels like the web, call center, B2B portal or marketplace for faster and accurate order management and financial accounting.

NetSuite gives businesses a competitive edge in a rapidly changing and evolving business landscape by delivering omnichannel access, multi-location inventory, and reporting. NetSuite is also a cost-effective solution for growing businesses because of its scalability and the degree of customization it affords depending on specific requirements and business specification.

NetSuite Features for Food and Beverage Industries

Order Management

NetSuite Order Management streamlines order processing by eliminating manual bottlenecks and reducing errors. The sales flow is also integrating and streamlined with order management from initial sales quote, order fulfillment and invoicing in one portal. Order Management capability improves cash flow, increases on-time delivery, and reduce shipping cost.

Planning and Scheduling

NetSuite Planning and Scheduling Functionality allows businesses to effectively plan material purchases, inventory position, and production. NetSuite allows Businesses to Forecast demands based on historical data, open opportunities, and other data.

Production Control

NetSuite Production management enables businesses to monitor and manage manufacturing operation efficiently, offsite and in real-time. NetSuite functionality allows business to track progress end-to-end from sales order to work order processing, routing, scheduling, order fulfillment, and product costing.

Quality Management

NetSuite Quality Management is designed for the Food and Beverage Sector to help businesses achieve strict federal regulations in processing and product quality.

The Excelym Advantage

NetSuite for Food and Beverage Businesses is streamlined to give businesses a competitive edge a constantly changing businesses landscape and the globally connected world. NetSuite Solutions Provider Partners like Excelym help businesses in the Food and Beverage Industry fully leverage NetSuite Functionalities by identifying specific business requirements and providing cost-effective solutions according to the business needs and demands. Excelym also helps businesses determine their needs through Consultation and help achieve success through guided implementations.

Further Reading

What is NetSuite?

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Serge is a Managing Partner and the head of sales and business development.

Published on: November 12, 2018