NetSuite’s #1 Cloud ERP for Food and Beverage is the perfect ingredient for your business success.
The food and beverage industry is rapidly reshaping consumption and production with a growing population that is more health-conscious than ever before.
Technology has provided instant access to groceries, food services, and online ordering abilities and has almost become the new normal of shopping. For example, Amazon increased its delivery sales via Whole Foods by more than 400% during mid-March. With new trends in shopping and competition at an all-time high, can your food and beverage business keep up?
According to ROI Revolution, revenue from online food and beverage sales will reach $26.7 billion – more than double what it was in 2019 before the pandemic started. In 2023, online grocery sales will make up more than 11.1% of all grocery sales, more than triple what penetration was in 2019 pre-pandemic. By 2026, more than 1 in every 5 grocery sales will happen online.
As food and beverage companies experience rapid growth, they require a platform that delivers flexibility, scalability, and advanced functionality to support growth with a real-time, unified view of the business.
4 Food and Beverage Technology Trends in 2023
Trend #1: Achieving better transparency to promote long-term growth and fulfill demand.
Trend #2: Enable technology to provide better visibility, intelligence and gain business advantage.
Trend #3: Focus on omnichannel distribution and introducing B2C commerce to keep up with the modern consumer.
Trend #4: Gain agility, scalability, and visibility with cloud ERP technology.
More than 33,000 customers worldwide are transforming their business with NetSuite’s modern, omnichannel-ready, cloud management software. NetSuite Food & Beverage ERP Software has a deep understanding of the challenges businesses face to support businesses like yours. If you want to grow your company with the ever-evolving food industry, you need the right business tools.
NetSuite Food & Beverage Features
Take orders with confidence insuring the right price, best location and correct product to fit service level commitments. Lower inventory holding costs, speed up the order-to-cash process, and enable omnichannel operations by connecting sales, finance, order fulfillment to pricing, returns management and order management.
Supply Chain Management:
Gain visibility of your supply chain, streamline operations, understand bottom line costs, increase efficiencies, and maintain inventory across your entire business.
NetSuite offers a 360-degree omnichannel view of customer and inventory information to fulfill orders, drive efficiency, increase sales, connect with customers to provide a positive shopping experience.
CRM, Promotions & Marketing:
Gain a real-time view of customer communication, performance and incentives across all channels of the business, keeping customers coming back for more.
Planning and Scheduling:
Effectively manage your business ensuring maximum profitability and customer satisfaction levels. Naturally balance resources, optimize inventory, manage vendors, gain visibility with purchases and deliver the best delivery and price.
Product Data Management:
NetSuite supports the product-based business with large capabilities to maintain all data you need to run your business: vendors, customers, partners, and items. Spend less time answering questions of status, revisions, and design, and connect departments with a system designed for self-service answers and status across the organization.
Carry the highest quality products with the lowest overhead. Easily set up inspection plans, track results, and evaluate vendors to ensure the best quality products on the market.
Shop Floor Control:
Quickly and accurately receive information from the manufacturing process with real-time updates and communication on NetSuite’s shop floor application or traditional barcoding.
Achieve perfect product assortment and eliminate inventory silos between channels. Free up cash flow and prevent stock-outs with a unified instance of inventory data.
Gain real time visibility into every step of the production process for better informed decisions with NetSuite’s end-to-end manufacturing solution.
Take control of your warehouse with NetSuite WMS. With industry-leading features such as mobile RF barcode scanning, wave planning, cartonization, kitting, and space management, NetSuite WMS increases efficiency, improves operational excellence, and lowers cost for warehouses of any size and complexity.
Transform Your Food and Beverage Business With NetSuite ERP
Protelo provides Food and Beverage companies with a single source of expertise to implement, customize, integrate, and refine your back-end operations.
With decades of business-process expertise and extensive product knowledge under our belt, our consultants provide a single source of expertise to implement, customize, integrate, and refine your back-end operations. Protelo’s top-tier NetSuite experts have helped hundreds of companies harness the power of NetSuite.
At Protelo, we help businesses select, customize, and implement software to run their organization on one, integrated, cloud-based platform. NetSuite is the best-selling cloud-based ERP worldwide. It is an integrated suite of applications, built from the ground up for the cloud using a single data model.
Have Questions? Would you like a free trial or a demo? To learn more contact our team of NetSuite experts today!
We are here to make your business even better.