NetSuite for Meat and
Seafood Companies

A Recipe for Success: One System
to Manage Your Entire Business

As the world becomes more and more connected,
upgrading your IT environment is no longer a means
to get ahead—it’s a requirement to keep pace.
Meat and seafood companies seeking to capitalize
on new global opportunities need to unify their
product development, supply chains, manufacturing
processes and distribution networks or risk failure
in today’s increasingly competitive markets.

Meat and seafood companies need an agile
tech environment to capitalize on new business
models. Today, food organizations are pursuing
new revenue streams, distribution networks and
methods of getting their products into their buyers’
hands, and need technology that can keep up.

How Do Mismanaged Business Processes Impact Success?

Leading meat and seafood organizations tell us
that unwieldy back-office processes and outdated
technology can create a number of issues that can
impact long-term success, including:

  • High operational costs and inefficiencies
    Time and money spent on manually managing
    business processes instead of on meeting
    customer needs.
  • Manual information exchange – Disparate
    software applications (accounting, inventory
    management, warehouse management,
    ecommerce) that do not communicate in
    real time.
  • Lack of visibility into key business metrics
    No ability to report on profitability by
    customer or products due to multiple
    systems and spreadsheets.

With all of these issues, businesses waste valuable
time and resources. In today’s high stakes business
environment, companies need to focus more on
customer service and business strategy, and less
on operating manual processes.

At the core of these issues impacting long-term
success, we see a trend: meat and seafood
organizations relying on spreadsheets, aging
on-premises systems, multiple solutions or worse,
a combination of all three. With NetSuite’s unified
platform, companies can stop wasting time and
resources managing multiple data silos while
leveraging real-time visibility for insights into
their business.

Successful meat and seafood businesses recognize
that upgrading their back-office technology is
essential to capitalizing on new opportunities and
streamlining operations for new product development,
supplier management and data-driven business
decisions. Having this efficiency can be the
difference between thriving and barely surviving in
today’s fast-paced business environment.

Comprehensive Financial Management
NetSuite Financials provide end-to-end visibility
into receivables and payables. Businesses are able
to automate the entire order-to-cash process and
streamline the procure-to-pay and record-to-report
processes. As a cloud-powered platform, NetSuite
also enables real-time views of key, pre-built, easily
customized financial reports plus insights into
budgeting, expense allocations and amortization.
This, in addition to flexible revenue analysis—
by customer, service or product line—allows
businesses to make informed business decisions.
Finally, NetSuite provides tracking for the complete
fixed asset lifecycle and reporting from acquisition
to depreciation to retirement of those assets.

Inventory Management: NetSuite provides
intelligent control over inventory replenishment,
helping ensure that sufficient stock is on hand to fill
anticipated orders, while keeping excess stock to a
minimum. NetSuite Inventory Management enables
you to:

NetSuite ERP streamlines
business processes and frees up
the time and resources needed
to expand, drive innovation and
remain competitive.

  • Avoid “stock-outs” to maintain continuity.
  • Dynamically manage item reorder points and
    preferred stock levels based on average lead time,
    historical or seasonal-based sales demand and
    number of days supply to stock.
  • Reduce lag time with real-time alerts whenever
    stock falls to predefined thresholds.

Demand Planning: NetSuite’s native demand
planning module is specifically designed to
provide the user with the ability to predict required
inventory based on historical demand or sales
forecasts. This innovative tool offers the right
balance of powerful functionality and ease-of-use
to help you manage your inventory more efficiently.

Procurement: With NetSuite Procurement, meat
and seafood businesses are able to automate
and streamline much of the purchasing process.
Companies are able to effectively manage vendor
relationships, streamline and improve the accuracy
of source-to-pay processes by enforcing approvals,
automate and link key transactions, and establish
matching workflows to meet compliance guidelines.

Supply Chain Management (SCM): NetSuite has
invested heavily into its supply chain
management including:

  • Product data management, which allows for
    engineering change order (ECO) capabilities to
    manage changes that affect the supply chain.
  • Supply chain control tower, which acts as
    central point of visibility for inventory across all
    subsidiaries/companies around the world to
    help schedulers, planners and buyers make the
    right decisions, communicate effectively with
    customers and suppliers, and hold just the right
    amount of inventory.
  • Inbound shipment management, which enables
    a business ordering large quantities of product
    from multiple suppliers to consolidate multiple
    purchase orders into a single container to simplify
    future tracking and status updates.

Multiple Entity Management and Consolidation:
NetSuite OneWorld helps companies with multiple
locations and subsidiaries streamline operations
and provides real-time visibility at the local, regional
and headquarter levels within a single system. With
OneWorld, organizations can develop standard
business processes and deploy them across their
divisions and subsidiaries at the click of a button.

“One of the reasons I wanted to
build on a tool like NetSuite was the
scalability. The only real limitation
of NetSuite is your imagination.”

Sea to Table

With support for over 190 currencies, 27 languages,
customer deployments in 203 countries and
dependent territories, and country-specific
accounting standards across the Americas, Europe,
Asia, Middle East and Africa, NetSuite OneWorld
enables businesses to seamlessly meet the individual
needs of local operations and easily adapt to the
latest accounting standards and regulations.

Customer Relationship Management (CRM): As you
scale and acquire customers, NetSuite CRM provides
a seamless flow of information across the entire
customer lifecycle—from lead all the way through
opportunity, sales order, fulfillment, renewal, upsell,
cross-sell and support. In addition to delivering
real-time visibility of your customers, NetSuite CRM
mobility extends collaboration and productivity
beyond the workplace. With intuitive tools that
provide your mobile workforce with the ability
to easily access and upload important data they
need outside the office, they’re empowered with
information at their fingertips.

Ecommerce: SuiteCommerce empowers businesses
to create a unique, personalized, and compelling
mobile and web experience.

Human Capital Management (HCM): In such a high
churn industry, having the right system in place is
critical. NetSuite SuitePeople empowers managers
and HR professionals to streamline employee
information, new hires, employee onboarding,
payroll, promotions and compensation changes, all
from a single suite.

Key features include:

  • Core HR Capabilities
  • Payroll

  • Employee Center
  • HR Analytics

In addition, the SuiteCloud development platform
enables customized mobile applications for all
unique business needs, while complementary
mobile solutions from SuiteCloud Developer
Network partners enable you to extend mobile
functionality regardless of the mobile platform your
organization uses.

A Pathway to Success

With NetSuite, meat and seafood companies are
getting more than just a software package—they
are getting a lifelong business partner that is
committed to their success. Built with industry
leading practices derived from over 20 years of
collective implementation experience, NetSuite is
designed to deliver value on day one. Moreover

we take a consultative approach—from sales to
implementation to support—to ensure continuity
across your lifecycle as a customer. We have a
deep understanding of the challenges meat and
seafood businesses are facing in today’s market. As
the pace of change accelerates, NetSuite is here to
keep you on a pathway to success.