NetSuite has been a game-changer in Food & Beverage
The constantly expanding and evolving food and beverage industry requires specialized software that can handle the complexities of the supply chain and inventory management. NetSuite allows F&Bs to manage their inventory more effectively, streamline their purchasing processes, and track their sales performance. It also provides a comprehensive view of all aspects of the business, so you can make informed decisions about where to allocate resources and where to focus your efforts.
For retailers, the application provides a single system of record for all inventory across channels: physical stores, online sites, mobile devices, and points of sale. This helps them eliminate manual data entry errors while providing them with deep insights into their business performance at any time and from any device.
NetSuite for Food & Beverage Features
Some of the features that are specific to the food and beverage industry include:
Take it from a national bakery chain: Re-configure component yield computation for assembly builds and add functionality for user input on output estimates when creating a work order
We implemented NetSuite for a national bakery chain (you can find most of their products as COSTCO and leading supermarkets), the assembly build uses component yield settings to automatically calculate quantity allowances for the expected loss of raw materials during processing. Because of this behavior, raw materials taken out of stock ended up being different between the system count and actual inventory. This client would always take the ingredients out as per the recipe and not adjust them because of shrinkage.
As a solution, we helped them re-configure their “component yield computation” for assembly builds and added the functionality for “user input” on the actual expected number of outputs in cases when creating a work order, wherein the system will automatically provide a default for the “actual quantity of cases” to create a work order. This allowed for the client to now adjust their work orders and ingredient withdrawals based on shrinkage and actual usage. As a result, they were able to better manage their inventory levels and reduce waste
If the business challenge above sounds like yours, we would love to collaborate with you on a successful path forward. Give us a call; we would love to work with you!
We know the food & beverage space so well
Our team has years of experience implementing it for some of the biggest names in F&B. We understand the unique needs of this industry and can help you get the most out of NetSuite. We’ll work with you to create a customized system that meets the specific needs of your business, from order management to financials to CRM.
Our expertise in NetSuite Consulting will guarantee that you get the most out of your investment, and our team will be with you every step of the way to help you make the most of your new system.
Contact us today to learn more about how NetSuite can improve your business. We would be happy to discuss your specific needs and see how we can help.
For more info about NetSuite for Food and Beverage read the blog at: NetSuite for Food and Beverage