Manufacturing is the highly dynamic and competitive industry. As one of the highly regulated industries where strict compliance and traceability is the major concerned, manufacturing industry wants to transform the supply chain while achieving flexibility, agility and visibility in order to stay competitive. Manufacturing industry looks to enhance efficiency, diminish operational cost, increase sales and profitability alongside addressing the ever-changing compliance. With the help of ERP (Enterprise Resource Planning) Software, manufacturing enterprises can stay lean, agile and competitive while streamlining their operations to drive profits, increase margins and deliver high quality to customers in a timely fashion. In today’s hostile business environment, Manufacturing ERP enables organizations to better manage their manufacturing processes to stay competitive in this dynamically changing business environment. However, finding right fit ERP for manufacturing industry is a daunting task with so many options available in the market. Based on our experience in the industry, we recommend Oracle NetSuite for manufacturing industry and we have reasons for that.
As cloud ERP solution with comprehensive financial and omni-channel capabilities, NetSuite is the best solution manufacturers looking for complete business solution. With capabilities for inventory, warehouse management, accounting and financial management, order management, customer relationship management and ecommerce capabilities, NetSuite Manufacturing Edition helps manufacturers to streamline business processes to boost efficiency. NetSuite Cloud ERP for Manufacturers helps improving your productivity by supporting inventory across multiple locations, assembly management requirements, Bill of materials, work order management, diverse methods of measurement, bar coding procedures and other business processes. By eliminating use of error-prone spreadsheets, improving order processing efficiency while reducing IT support and resource costs, NetSuite enables you to focus on business rather than bearing the burden of maintaining hardware and software.
Core capabilities of NetSuite Manufacturing Edition
Engineering – With comprehensive capabilities for production, NetSuite can be seamlessly integrated with many CAD applications, simplifying costing by supporting easy import of BOMs. NetSuite enables production engineering changes across the BOMs, demand plans and procurement orders. With support for comprehensive inventory costing methods including LIFO, FIFO, average, standard and actual costing, NetSuite reduces waste while making you more agile.
Order Management – NetSuite helps in improving order management by automatically transitioning orders to shipping/logistics and account receivables. By delivering real-time visibility into entire order management process with orders, trends and order conversion rates, NetSuite Cloud ERP for Manufacturers enables manufacturers to deliver fulfill orders from anywhere in a timely manner to heighten-up customer experience.
Sales and Marketing – With powerful capabilities to strengthen customer relationships, NetSuite accelerates real-time quote management by incorporating pricing, sales tax and discounting rules automatically into sales quotes. By enabling seamless flow of information across entire customer lifecycle from lead through to opportunity, sales order, fulfillment, renewal, upsell, cross-sell, and support, NetSuite helps in boosting your sales efforts.
Supply Chain Automation – NetSuite provides real-time visibility over a global supply chain. NetSuite ensures advance distribution resource planning by generating purchase orders, work orders and transfer orders across multiple locations. NetSuite enables manufacturers to monitors stock levels while automatically creating restocking alerts and reordering forms to ensure planned inventory levels are maintained. By providing real-time, detailed visibility into key spend, inventory and supply chain management metrics, NetSuite offers complete control over the supply chain.
Production Control – NetSuite streamlines production environments by enabling creation of work orders from sales orders in make-to-order environments. With traceability through lot and serial, NetSuite supports inventory, shop floor control and sales order fulfillment functions. NetSuite Manufacturing Edition simplifies multi-level work order processing by enabling a single work order to control a multi-level assembly. NetSuite maintains complete history of each product kit throughout its lifecycle to ensure inventory tracking.
Service and Support – With comprehensive capabilities for service and support, NetSuite automates case management alongside escalates issues based on customizable parameters. It further accelerates return material authorizations by enabling products to be returned to one of many locations, where available.
Global Financial Management – Engineered to address complex multinational and multi-company needs, NetSuite enables businesses to adjust for currency, taxation and legal compliance differences at the local as well as global level. By gaining unprecedented visibility of worldwide business in real-time, NetSuite ensures consistent, compliant management across the organization, locally and globally. NetSuite helps in standardizing business processes to ensure compliance while enabling them to make important course corrections and project changes out into the future.
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