Accurate demand planning is crucial to meet customer service expectations and drive operational efficiency, particularly in an industry where supply perishability is part of the equation. NetSuite’s demand planning engine factors in a wide variety of information in the demand planning process —including historical sales, new opportunities and quotes, sales orders, seasonality and trends—to create the most comprehensive, accurate picture of demand.
Solve the challenges faced by Food and Beverage Today’s food and beverage companies are faced with a complex set of business challenges. As the leading cloud business system supporting commerce, customer relationship management, supply chain, manufacturing resource planning, order fulfillment and financials, NetSuite is uniquely positioned to address the complex challenges facing food and beverage producers with a single solution for all key business operations. Deliver deep industry expertise and insight to implement transformative solutions with NetSuite for Food & Beverage. Retailers can manage their businesses with key sales channels and distribution strategies are continuing to diversify; some food and beverage producers are selling products direct to consumers while others are distributing through B2B commerce channels. NetSuite’s embedded e-commerce capabilities and integrated fulfillment processes enables businesses to capture and fulfill orders in real-time for rapid expansion and higher customer satisfaction across both B2C and B2B commerce. Additionally, NetSuite’s customer portal enables customer self-service with My Account. Food and beverage manufacturers are under immense customer service and cost pressures to produce and procure the right products at the right time. By providing real-time visibility into inventory status and sales metrics, NetSuite gives producers the most up-to-date information possible for accurate production and purchase plans. This, combined with NetSuite’s ability to manage complex supply chains—including co-packers and 3PLs—makes NetSuite a comprehensive production and supply chain management tool. In this increasingly competitive marketplace, food and beverage producers require a complete and timely view of business performance to ensure the highest business health possible. NetSuite arms food and beverage producers with real-time visibility into financial performance through dashboards, key performance indicators, pre-configured reports and a powerful end-user reporting tool catered specifically to the food and beverage industry like cost of goods sold (COGS) tracking, vendor performance, and managing promotions and deductions. Food and beverage manufacturers not only manage limited and costly resources when scheduling production, but also must consider a variety of product attributes and requirements that greatly impact production efficiency, material yield and food safety. Food allergens, kosher requirements, organic sourcing and GMO/Non-GMO attributes are all critical considerations when scheduling production lines. NetSuite’s finite scheduling helps businesses to ensure efficiently scheduled production and reduce changeover times along with production costs. Food and beverage manufacturers hoping to expand operations require business systems that can grow with them in a rapid and cost-effective manner. NetSuite supports high growth companies with its scalable business system that removes the cost and concerns of managing a large IT infrastructure. In addition, functionality supporting multiple languages, currencies and subsidiaries powers business growth across borders and overseas. Food and beverage producers face strict regulations when it comes to lot traceability and food safety. NetSuite empowers producers to trace production from ingredient through finished product providing visibility into the entire product history. Additionally, inspection processes and product compliance testing may be automated for a complete picture of quality while maintaining operational efficiency. Food and beverage manufacturers face enough complexity to manage in their day-to-day operations, so it’s no wonder that more and more in the industry are turning to NetSuite as their solution of choice. With NetSuite as the IT backbone, food and beverage producers are better able to automate processes, plan demand and supply, and drive efficiencies, which frees up time to focus on expanding their business into new markets and to perfect their products offerings.
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Plan Demand
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Plan Production and Supply
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Schedule Production
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