Whether your business is manufacturing wine, rearing animals for a thriving agri-food sector, or even franchising in the restaurant industry, having better control of your food and beverage supply chains is key to success. With NetSuite, food and beverage businesses can ensure they meet their customer demand to stay afloat. This 4 step process solves food supply chain challenges by offering businesses a competitive advantage in inventory analytics, customer experience, and overall market share. The solutions also offer mitigation options for any supply chain disruption that may occur, but also to prevent excessive costs or spoilage. These could result from challenges with vendor reliability, collaboration, production schedules, production lines, and quality issues.

Food and Beverage Supply Chains

1. Supply Chain Planning That Works

Planning your supply chain is a meticulous process of balancing demand and supply around the globe in a way that gives your food and beverage businesses the best combination of cost-efficiency, cycle time, and delivery reliability. Planning also helps to avoid and address disruptions, production slowdowns, transportation costs, international markets, and any key critical component required for business success. To recommend the best business decisions that enhance on-time delivery, there are KPIs of food supply chain data and predictive analytics that NetSuite puts in place for advanced inventory management and demand planning procedures. Each location where merchandise is stored can have its own array of parameters, allowing you a great deal of control over your supply chain.

Food and Beverage Supply Chains

2. Execution of the Supply Chain Plans

The most critical and one of the most difficult phases, especially in a world market, is executing the supply management plan in motion. Considering the work is performed on a single digital platform that spans several continents and their respective time zone differences, businesses need to have a clear and trusted means to be in contact with partners. These include wholesalers, manufacturers, vendors, and food producers; to ensure that they understand what customers want and also that businesses understand what they aim to supply.

Food and Beverage Supply Chains

3. Collaborating with Supply Chain Partners

Most businesses that oversee food and beverage supply chains span across several countries with businesses of various types and sizes, will require a collaborative platform made on the cloud since it will be virtually accessible anywhere on any platform. NetSuite’s collaborative platform starts with automated and instant online communications, then goes on to allow businesses to partner with their logistics companies. These logistics companies can then access and modify the order request or product details through a custom portal, and ultimately can connect to integrated communication features via the web application or RESTlet APIs. To fulfill their plant operations needs, most businesses create their customized collaboration solution on the NetSuite platform to ensure a more resilient operation.

Food and Beverage Supply Chains

4. Access to Reliable Support from NetSuite

Helping the food and beverage businesses and their consumers along the entire product journey, especially when things don’t go as planned, is an important aspect of building partnerships. NetSuite’s case management system was built with the capacity to enhance all operational components. From the time they enter, route, escalate and resolve concerns, are all taken in mind. The case management system can also send out sales orders for replacement units, handle warranty claims, and start the repair procedure if necessary.

Food and Beverage Supply Chains

Start with Suitefood, Custom-Made for Food and Beverage Management

SuiteFood is an industry-specific, in-house, custom-built Oracle NetSuite ERP solution for the Food & Beverage Manufacturers and Distributors. This solution comes equipped with tremendous supply chain management capabilities that offer continuous improvement to your food and beverage business and increase overall efficiency. From managing production and supply planning to overlook the entire NetSuite Warehouse Management System, SuiteFood is capable of much more. Learn more from our Buddies Podcast about the many benefits, features, and how NetSuite will ultimately drive great value for your Food & Beverage business.