Are you on the verge of selecting an ERP for your food and beverages business? A right ERP software projects your business to the next level with ease. We have found the following to be a good guide to pass on for the F and B business:
Generic or industry-specific:
There are a lot of ERP vendors available in the market with diversified services and costings. Before selecting an ERP software, make sure it is specific to your business.
Lot tracking and traceability:
In a fast-growing F&B industry, lot tracking and traceability are top priorities to build and maintain consumer trust. Make sure your ERP supports real-time visibility of the supply chain. It should synchronize purchase orders, bills of lading, labeling, and shipping documents.
Regulation and customer audits:
Global trading standards are not consistent. As businesses expand into multiple countries and geographies, it should support multi-language and multi-currency transactions. If your current system doesn’t support global trading and tax regulations, it may create a barrier for scalability. Make sure your ERP is in compliance with global accounting, finance, and tax standards.
Recipe and ingredient management:
If your systems are disconnected, recipe and ingredient management can become difficult. A well-maintained recipe and ingredient management system will keep records of multiple recipes. It allows the creation of new formulas, recipe development, documentation, and manufacturing instructions for effective quality maintenance.
An efficient f&b centric ERP platform can generate labels automatically. The platform would have the scope to maintain nutritional data, including ingredients and allergen information. Henceforth, companies can automate the process, save time, and reduce human errors.
Regardless of the scale, inventory management is the prime factor in the Food and Beverage industry. Too much inventory can cost money, while too little hurts customer experience. The right inventory management system:
- Integrates warehouse management system
- Tracks and maintains suitable inventory levels
- Eliminates waste
- Avoids overproduction for efficient operations
Quality is the ultimate goal of the F&B industry. An industry-specific and customized ERP ensures real-time data visualization for better decision making. It utilizes suitable tools to track, report, document, and comply with regulations to build loyalty and improve customers’ preferences and expectations.
How NetSuite helps F and B business?
Many F&B businesses face challenges when they piece together a patchwork of applications to run their operations. NetSuite Cloud ERP for the food and beverage industry is the number one solution to synchronize various divisions of the organization and automate bottom line processes. It includes:
- Optimized supply chain
- Customized sales cycles
- Omnichannel excellence