How NetSuite Benefits Food & Beverage Companies

Food & beverages is one of the world’s oldest and most dynamic industries. The advent of digital solutions has helped this sector embrace changes, including new ways of doing things. This shift involves a lot of skills. From quick-service dining to online grocery shopping and food ordering, technology has become the norm in the food and beverage industry.  

Currently, data and real-time insights are of utmost importance in the food and beverage industry. Using trends and information in the right way can transform the game. This industry now needs a solid ERP and a dynamic and flexible CRM. NetSuite Cloud ERP stands out as the ideal solution to streamline operations, enhance efficiency, and meet the evolving demands of this industry.  

Why Does the Food & Beverage Industry Need ERP?   

Can your food and beverage business keep up with the latest buying trends and increased competition?    

According to the ROI Revolution statistics:  

• Online food and beverage sales will bring in $26.7 billion in 2020, more than double the 2019 figures before the epidemic started. 

• More than three times as many groceries will be purchased online in 2022 than there were in 2019.  

• By 2026, one in five supermarket sales will be made online.  

The shift to online sales and omnichannel operations requires businesses to adapt and scale efficiently. Companies need a cloud-based ERP system like NetSuite to gain a unified, real-time view of their operations and ensure sustainable growth.  

Four Trends Shaping the Food & Beverage Industry  

• Transparency: Improved transparency into ingredient sourcing, product quality, and sustainability is what the customers are searching for and is the first trend that will help to foster long-term growth and meet demand.

• Technology Adoption: Embrace technology like eCommerce, ERP, and CRM systems to improve visibility, intelligence, and commercial advantage. 

• Omnichannel Distribution: The third trend is to concentrate on omnichannel distribution and add B2C commerce to keep up with the modern consumer.  

• Cloud-Based Agility: Use cloud ERP platforms like NetSuite to increase agility, scalability, and visibility across all processes.  

More than 31,000 clients worldwide are transforming their organizations with NetSuite’s advanced omnichannel cloud management software.  

Why NetSuite is the Best Option for Rapidly Expanding Food and Beverage Companies 

Usually, small businesses opt for manual procedures and point solutions like QuickBooks for accounting. They even go for Excel spreadsheets to monitor recipes and inventories. But these fall short when it comes to growth. For the rapidly expanding food and beverage industry, cloud technology offers options to expand. It also provides flexibility to solve diverse manufacturing issues and traceability needs.   

Cloud technology also offers ways to formulate B2B and B2C channel strategies and manage sophisticated supplier networks. All companies must use a cloud-based solution to keep up with the changing food and drink industry and succeed, say experts.  

A route to profitable, steady growth  

A single platform coordinates inventory management, pick-pack-ship process, and customer care. This is possible thanks to the seamless integration of NetSuite’s commerce platform with its cloud ERP platform. NetSuite Cloud ERP offers a unified platform to address the unique challenges of the food and beverage industry, including:  

• Inventory and order management 

• Supply chain visibility 

• B2B and B2C commerce integration 

• Sales automation 

• Tracking and traceability of lots   

• Quality control 

• Accounting and Finance   

• Scheduling & Organizing   

• Warehouse Management System   

• Shop Floor Management  

Let’s explore how NetSuite empowers food and beverage businesses to scale efficiently.  

Features of NetSuite Food and Beverages  

Manage Orders: 

• Streamlined order-to-cash processes to reduce costs, ensure quality service, and speed up delivery.  

• Integration of marketing, finances, order processing, costing, and order tacking facilitates omnichannel operations.    

Supply Chain Management: 

• Optimize inventory across your supply chain to increase efficiency and understand bottom line expenses. 

• Gain real-time visibility to make data-driven decisions.   

Sales Automation: 

• NetSuite provides a 360-degree omnichannel view of customer and inventory information to fulfill orders.  

• Engage customers effectively by delivering a fantastic shopping experience, boosting sales, and generating revenue.  

CRM, Advertising, and Branding:   

• Track customer interactions, achievements, rewards, and engagement across all business channels in real time to guarantee customer loyalty.  

Strategic Time and Resource Management:  

• We also ensure maintaining the balance in resources, managing stock, and monitoring suppliers to achieve optimum profitability and customer satisfaction.   

Quality Assurance:

• Carry the best goods while incurring the fewest costs. To only the highest-quality products reach customers, set up inspections, monitor results, and evaluate vendors in the market. 

The raw materials used to manufacture food and beverages can be just as intricate as the industry itself. NetSuite enables businesses to manage the purchasing of food and equipment, as well as track their origins. The solution also takes care of the complicated financial systems needed to get products to people and businesses.   

As the number one cloud ERP on the market, you can use a single solution to bring all your business operations together. This will help you simplify operations and drive cash flow.

Success Stories: How NetSuite Drives Growth 

• Coda Coffee is one NetSuite client that has embraced the NetSuite platform for expansion. This Denver-based coffee roaster made the transition from QuickBooks to NetSuite in 2008 when it had only six employees. Today, it counts more than 45 personnel. It now has a store, a roasting facility, and a distribution center in Phoenix, USA, covering 2000 sq ft.   

• Other leading food and beverage companies enjoying successful growth after employing NetSuite cloud ERP solution include CraftMark Bakery and International Spices.  

Every successful firm begins with a dream and a positive attitude as its most valuable assets. Cloud computing solutions ensure that a company never compromises on its fundamental ideals. They also prevent the firm from succumbing to burdensome and expensive technology. Cloud technologies can help businesses grow sustainably, become well-known, and easily expand without limits.  

These success stories highlight how NetSuite supports businesses through scalable technology and seamless integration.  

4 Reasons Why Food & Beverage Companies Need NetSuite  

Demand Forecasting  

NetSuite has integrated features and functionalities that are tailor-made for this sector. The customized dashboards predict demand and notify management of the current needs by analyzing historical trends and customer orders. This gives the cooks greater authority and flexibility to satisfy their customers. And more business results from this.  

Advanced Supply Chain 

To make sure deliveries are on time, you need a reliable system to track the supply chain and trace your next order.  

NetSuite assists restaurants by providing personalized dashboards and reports to help maintain efficient and timely supply chains, thus minimizing delays. Delivery parties can track the situation and update clients on package arrival in real-time.  

The system’s inventory management helps you track vendors and know when to order more raw materials.  

More efficient sales cycle 

NetSuite’s sales process includes options to manage orders across channels, including contact centers, websites, app-based markets, and in-house orders accessible to restaurants. This implies that you are in command of the orders regardless of their location or quantity. You can follow every step of the process as the system enters the orders in real-time.  

Manufacturing Supported on Business Intelligence 

Production is the most crucial element in the food industry. Manufacturing food at the appropriate time is essential; otherwise, it becomes useless. Food production becomes easy with automation once you migrate to NetSuite.  

Automate production scheduling, employee shift management, and inventory organization (based on demand and supply ratio) to improve efficiency. Reduce downtime and optimize manufacturing processes to ensure timely food production. Your effectiveness rate significantly increases, making success inevitable.  

6 Ways NetSuite Enhances Food and Beverage Operations 

Financial Consolidation 

Integrate financial data across restaurants, suppliers, growers, and manufacturers to streamline reporting and automation. NetSuite can eliminate deficiencies caused by separate systems.  

Cost-cutting using smart data 

Use data analytics to reduce costs, identify the best vendors, and enhance supply chain profitability.  

The software assists food and beverage companies in collecting and analyzing extensive data. This helps them enhance customer service and increase profits. Experts can analyze the data yielded by such transactions to fine-tune marketing. It also helps lowers the cost of commodities sold using NetSuite (COGS).     

One can track the most economical vendor and shipping provider modifications by looking at this data in NetSuite.     

Seasonal Demand Planning  

Going overboard in sourcing and marketing is a danger. This happens when increased demand accompanies seasonal peaks. Analyze historical data to forecast seasonal peaks and optimize sourcing and marketing strategies.  

NetSuite allows the food and beverage business to plan ahead in this way. Therefore, methodical and deliberate adjustments are possible.  

Avoiding Inaccurate Deliveries 

When firms use cloud ERP solutions to handle fulfillment and delivery, they can reduce the chances of improper deliveries. NetSuite unifies inventory, orders, and warehouse logistics data to prevent delivery errors and improve customer satisfaction.  

Specifics concerning the supply of materials to a restaurant chain's satellite sites are all in one place.   

Improving Asset Integration and Management  

Apart from inventory food and beverage industry professionals can handle equipment, tools, vehicles, refrigerated facilities, and more via NetSuite. Each asset has purchase and maintenance expenses. The experts can use the cloud solution to view these costs through a single window and analyze the data. They can also seek cost-cutting opportunities without compromising the quality of the final product or service.  

Product Quality Improvement 

There are many ways to increase the quality of food and beverages. They depend on distribution network patterns, the supplier market, and seasonal conditions. Companies can do this using NetSuite without raising costs mindlessly.  

NetSuite: The Ultimate ERP Solution for Food and Beverage Companies    

NetSuite’s tailored solution helps food and beverage companies manage operations end-to-end on a single platform. Accounting, sales and stock control, demand planning and e-commerce are unified on a single platform enabling business heads to focus on expansion.     NetSuite empowers businesses to:  

• Streamline processes 

• Increase visibility 

• Optimize growth 

With NetSuite, food and beverage businesses can effortlessly link vendors, production, customers, and inventory without hassles to scale operations sustainably.  

Wrapping Up  

The history of NetSuite’s collaboration with businesses in the food and beverage sector is extensive.  

At Jobin & Jismi, we specialize in implementing NetSuite solutions tailored for each business and industry. Whether you’re a growing manufacturer, distributor, or retailer, we can help you optimize operations and achieve your business goals with NetSuite Cloud ERP.  

Transform your food and beverage business today! Contact us to learn how we can help you embrace growth and efficiency with NetSuite ERP.