Food & Beverage
NetSuite Solutions for the Food & Beverage Industry
Food and beverage manufacturers face challenges in managing supply chains, ensuring compliance with food safety regulations, maintaining product quality, and responding to recalls. Real-time visibility across operations is crucial, from sourcing ingredients to delivering products.
NetSuite offers a cloud-based solution with end-to-end traceability, lot and serial tracking, and modules for in-house and outsourced production. It integrates with common sales platforms and distributors, automates compliance processes, enhances quality control, and centralizes critical data. This improves operational efficiency and maintains trust with regulators, partners, and consumers.
Functionality and Modules
Lot Numbers & Freshness of Inventory
NetSuite excels in managing lot numbers and inventory freshness, ensuring food and beverage manufacturers can maintain high quality standards and minimize waste. Its advanced lot tracking capabilities allow for precise monitoring of raw materials and finished goods throughout the supply chain, from procurement to production and distribution.
Track “Best By” Dates
The platform supports expiration date management and FIFO (First-In-First-Out) inventory practices, enabling manufacturers to prioritize the use of the freshest products while reducing spoilage. Real-time visibility into lot details, including production dates, shelf life, and usage history, ensures compliance with regulatory requirements and facilitates efficient recall management when necessary.
Contract Manufacturing
NetSuite’s Contract Manufacturing module streamlines relationships with third-party manufacturers, ensuring efficient collaboration and oversight. It integrates with NetSuite’s core functionalities, providing visibility and control over outsourced manufacturing operations. Food and beverage manufacturers use it for tracking raw materials, vendor agreements, and product planning. Real-time cost tracking, raw material inventory, and cost analysis improve visibility into margins and cost breakdowns. This enhances product availability and quality.
Streamlined Integrations
NetSuite’s prebuilt integration to common e-commerce channels such as Shopify and third-party logistics (3PL) warehouses enables immediate and smooth integrations between systems so that inventory remains up to date. Enhancing standard integrations with EDI capabilities can ensure NetSuite remains the single source of truth in real time. Organizations leveraging trucking or Transportation Management System (TMS) integrations, the NetSuite platform and our experienced team can deliver smooth integrations for shipping rates as well as delivery and truck management.
Analytics
The complex nature of food and beverage manufacturing often necessitates breaking down and analyzing costs at a deeper level. Our team has been able to craft solutions for our clients around such complex requirements as catch-weight, component cost categories, and analysis of both trending costs and revenue over time and across lot numbers. Managing demand and production forecasting and optimizing against defined KPIs is achievable leveraging NetSuite dashboards and custom KPI metrics built on the baseline of how the organization runs.
Success Story
Our NetSuite implementation team automated reporting and enhanced the product delivery process for Jot, a high-growth beverage company, which enabled scalable growth and operational excellence.