NetSuite for Food & Beverage: Embrace Cloud-Based ERPs
In an era where the global food and beverage (F&B) market is projected to expand from $7.0 trillion to $8.8 trillion by 2028, digital transformation is critical for F&B companies’ success.
As F&B businesses navigate increasing regulatory pressures, economic fluctuations, and shifting consumer preferences, it’s imperative to transition from outdated systems that stifle growth to modern enterprise resource planning (ERP) solutions like NetSuite.
By automating, streamlining, and leveraging cloud computing, NetSuite allows F&B businesses to embrace digital solutions now to enhance operational efficiency, reduce costs, and capitalize on emerging market opportunities, ensuring a robust and sustainable future in a competitive landscape.
For a deep dive into how NetSuite can help F&B businesses manage top challenges, read the Food & Beverage NetSuite Guide: Overcome Challenges, Unlock Growth, And Harness Opportunities with Digital Solutions.
Four Ways a Cloud ERP like NetSuite Can Support Food & Beverage
Following are four ways NetSuite can help.
Digital Transformation
The F&B industry faces challenges like regulatory compliance, changing consumer preferences, and economic pressures. By adopting advanced technologies, F&B companies can streamline operations and enhance product tracking while improving compliance with regulations. NetSuite’s unified ERP system enables businesses to transition from outdated processes to automation, increasing operational efficiency and positioning them to respond swiftly to market changes.
Operational Efficiency
NetSuite equips F&B businesses with a suite of tools designed to enhance operational efficiency.
Key functionalities include:
- Revenue reporting
- Bill of materials (BOM) management
- Optimized procurement
- Co-packer tracking
- Quality control
- Demand forecasting
Collectively, these tools empower F&B companies to operate more efficiently, reduce costs, and maintain profitability in a competitive market.
Future Readiness
As the F&B industry grows, companies that modernize their operations with NetSuite are better positioned for future growth and investment opportunities. Adopting sophisticated ERP platforms allows organizations to generate reliable financial and operational reports, making them attractive candidates for mergers and acquisitions. This modernization enables F&B companies to efficiently onboard new customers and expand into larger retail environments without significantly increasing headcount or complexity, enhancing their market position and readiness to capitalize on emerging opportunities.
Scalability and Flexibility
NetSuite’s cloud-based ERP solution offers F&B companies the scalability and flexibility needed to adapt to changing market conditions and business growth. As F&B organizations expand their operations—whether through increased production, product diversification, or entering new markets—NetSuite can easily scale to accommodate new processes, locations, and regulatory requirements.
This adaptability ensures that F&B businesses can respond quickly to opportunities and challenges, maintaining operational efficiency and competitiveness in a dynamic industry.
We’re Here to Help
To learn more about how NetSuite can help support your F&B business, contact your Moss Adams professional.