NetSuite for Food & Beverage

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 from any device.

NetSuite for Food & Beverage Features

Some of the features that are specific to the food and beverage industry include:

Recipe costing and inventory valuation

This enables you to accurately track the cost of each recipe and the ingredients that go into it. You can also assign a value to every item in your inventory, so you can make better decisions about what to sell and when to bring in new items.

Production planning and scheduling

This feature helps you schedule production runs for specific items, ensuring that you have the ingredients and resources necessary to complete the order. It also allows you to optimize the production process to meet demand.

Warehouse management

This allows you to manage your warehouse operations more efficiently, including receiving and shipping inventory, handling returns, and organizing your space. It also helps you track inventory levels and ensure that you have the necessary stock on hand to meet customer demand.

Purchasing and invoicing

This feature allows you to streamline your purchasing process by creating purchase orders, tracking vendor invoices, and creating payments. This helps you get the products you need faster and keep track of your spending.

Sales order management

This feature allows you to track sales orders, create invoices, and manage payments. This helps you keep track of your sales performance and ensure that you receive payment for the products you sell.

If you are looking for a comprehensive software to manage your F&B business, look no further than NetSuite. With its vast array of features and functionality, the application can handle any complexity your business might encounter. In addition, NetSuite is scalable, so you can grow your business without having to worry about upgrading to a new system.

Case Study of a National Bakery Chain

A NetSuite implementation for a national bakery chain’s 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 material taken out of stock ended up being different between 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 output 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.

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 in 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

Some of Our Key Clients

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    Food & Beverage White Paper

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