Manufacturing businesses have unique and complex requirements that need to be managed with an efficient software solution. Cloud-based ERP software, like Oracle NetSuite Manufacturing Edition, is specifically designed to address the needs of manufacturing businesses and streamline their processes.
In this article, we will be focusing on NetSuite's solutions for manufacturing businesses and how they can help companies to save time and money, get ready for growth and simplify their IT ecosystem.
Oracle NetSuite is a cloud-based ERP software that offers a wide range of features and functionalities to meet the needs of different types of businesses. For manufacturing businesses, NetSuite provides solutions that can help streamline processes, manage inventory levels, improve supply chain management and optimize production processes.
NetSuite's manufacturing solutions come with a range of key features that help companies improve their operations. These features include real-time inventory management, supply chain management, bill of materials (BOM) management, and work order management. Compared to other manufacturing software solutions, NetSuite stands out for its ability to integrate all these functionalities into a single platform, alongside other core functionality such as accounting and CRM, making it easier for companies to manage their operations.
Inventory management is crucial for manufacturing businesses, as it helps them keep track of their inventory levels and avoid overstocking or stock shortages. NetSuite's inventory management solution allows companies to manage their inventory levels in real-time, making it easier for them to make informed decisions. The solution also integrates with other functionalities, such as supply chain management and work order management, to provide a comprehensive view of the manufacturing process from start to finish.
NetSuite also supports the management of multiple warehouse locations, meaning that companies can manage their inventory across different sites and locations. This is particularly helpful for larger manufacturing businesses with multiple warehouses on the same site, or on a national or global level.
Supply chain management is an essential part of any manufacturing business, and NetSuite provides a comprehensive solution that helps companies streamline the process. The solution allows manufacturers to track orders, view supplier information, and monitor stock levels from a single dashboard. This makes it easier for companies to manage their supply chains more efficiently and reduce costs associated with inefficient processes.
Efficient supply chain management is essential for manufacturing businesses, as it helps them improve delivery times and increase customer satisfaction. NetSuite's supply chain management solution provides companies with the tools they need to manage their supply chain operations, including demand planning and supplier management. With NetSuite's solution, manufacturing businesses can improve their supply chain operations and achieve controlled growth.
Bill of materials (BOM) management and work order management are another two crucial functionalities for manufacturing businesses, as they help them keep track of their production planning processes and ensure that they are producing products to the highest quality standards.
NetSuite's BOM and work order management solution provides companies with the tools they need to manage these processes, including real-time work order status reporting, production tracking, and quality control. The solution also allows companies to set multiple levels of approval for work orders, ensuring that all necessary steps are taken before the next stage of production begins.
NetSuite's WIP & Routing solution provides companies with the tools they need to manage jobs as they progress through various operations on the shop floor. The solution includes features such as job costing, shop floor performance monitoring and real-time analytics, allowing companies to track the performance of their production processes and make iterative process improvements.
NetSuite's WIP & Routing solution can also be accessed on a mobile device, giving you the ability to digitize your shop floor, eliminate paper-based work orders and minimize the amount of administration required to get accurate job profitability reporting, including tracking material costs and labor hours.
For many manufacturers, choosing and implementing NetSuite offers the opportunity to sun-set a number of legacy systems, which simplifies their IT infrastructure and reduces costs. These systems can range from stand-alone ERP solutions, bolt-on MRPs, MES and Quality Management Systems.
NetSuite also comes standard with robust accounting and financial management functionality, as well as a number of supporting modules such as CRM, Fixed Asset Management, Payroll and HR and even eCommerce, which can open the door for expanding into the B2C sales channel.
With NetSuite, your entire manufacturing business can be managed by a single application, which helps improve data quality, speed of administration and accuracy in reporting. With the right information, in the right system at the right time, everyone in the business, from the CEO and CFO through to the shop floor managers, can improve the way they collect, analyze and interpret your company's data.
Modern manufacturers need an integrated system that supports and streamlines their operations. NetSuite's Manufacturing Edition is designed to provide a comprehensive solution and help companies maximize efficiency, reduce costs, and keep up with the ever-changing manufacturing landscape.
NetSuite's solutions for manufacturing businesses provide companies with the tools they need to improve their operations and achieve their goals. With features such as real-time inventory management, supply chain management, BOM management, and work order management, NetSuite's solutions provide a comprehensive view of the manufacturing process. We hope this article has provided you with valuable insights into NetSuite's solutions for manufacturing businesses and why they are worth considering.
Zanovoy is a leading NetSuite Alliance Partner. We have helped a number of manufacturers to migrate away from a patchwork of software applications and onto the NetSuite platform. We are a team of certified consultants with decades of combined experience who work closely with our clients to ensure they make the most out of their NetSuite investment.
We also offer comprehensive managed services, across a suite of software products. Working with our team offers manufacturers the opportunity to outsource key system administration, and get back to focusing on their core business.
If you would like to discuss how NetSuite or the team at Zanovoy can help your manufacturing business, please get in touch with us today. We look forward to hearing from you.
Jermaine Jackson is a seasoned Professional Services Consultant who has carved a niche for himself in the diverse sectors of software, advertising media, publishing, and the services industry.