NetSuite for Food & Beverage

NetSuite has been a game-changer in F&B 

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 Features for Food & Beverage

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

• Recipe costing and inventory valuation

  Track recipe costs and ingredient expenses to optimize inventory value and avoid overspending. Assign values to inventory items for better sales and restocking decisions.

• Production planning and scheduling

  Schedule production runs, ensuring you have the necessary ingredients and resources. NetSuite’s reporting system helps track costs, plan orders, identify issues, and optimize production to meet demand.

• Warehouse management

  NetSuite enhances warehouse management by providing real-time inventory visibility, optimizing stock levels, and tracking shipments. It allows you to set up locations for different products, quickly locate items, and manage operations efficiently, including receiving, shipping, handling returns, and organizing space.

• Purchasing and invoicing

  Streamline your purchasing with purchase orders, vendor invoice tracking, and payments. Generate reports on trends and inventories to make informed buying decisions, get products faster, and monitor spending.

• Sales order management

  Track sales orders, generate invoices, and manage payments while gaining insights into sales patterns and customer spending. Customize your marketing and ensure timely payments for your products.

• CRM (Customer Relationship Management) & Marketing

  NetSuite’s CRM and marketing features help the food and beverage industry manage customer information more effectively by consolidating data into one system. This enhances customer relationships, provides insights into preferences, and allows for customized promotions, leading to superior service and meeting unique customer needs.

We helped a national bakery chain reconfigure component yield computation for assembly builds.

The Problem: The client’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 materials taken out of stock ended up being different between the system count and actual inventory. They would always take the ingredients out as per the recipe and not adjust them because of shrinkage.

Our 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. Now, the system automatically provides a default for the actual quantity of cases to be produced. This enhancement enables the client to 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.