NetSuite for Manufacturing Companies

In the manufacturing industry challenges and setbacks are unavoidable, especially in these uncertain and unprecedented times. Despite these challenges, manufacturing companies need to pivot, and problem solve to grow.

Without the proper tools, technology, and visibility, manufacturing companies can fail in the blink of an eye.

Manufacturing companies face many challenges within their business.

• Supply chain disruptions
• Forecasting demands
• Maintaining proper inventory levels
• Material shortages
• Order backlogs

These are just a few of the major pain points manufacturing companies deal with daily.

To pivot from setbacks and make quick decisions to continue a successful manufacturing business, it is crucial to have full visibility of your company.

Increased visibility into important information and data can help to reduce down-time and aid in quick, informed decisions.

NetSuite is the world’s number one true cloud enterprise resource planning solution. Organizations of all sizes use NetSuite’s full suite of tools to manage their business. However, the solution is especially useful for manufacturing companies, with modules that effectively manage all aspects of the supply chain.

From sales order to work order processing, routing, and scheduling, order fulfillment and product costing, NetSuite’s manufacturing solution provides real-time visibility into every step of the production process to help you make better-informed decisions.

NetSuite for Manufacturing provides:

• Insight: NetSuite includes built-in business intelligence tools to provide real-time insight into your business’ performance. Gaining access to manufacturing planning information, including important key performance indicators, helps to make better decisions to improve business processes and remain competitive. From sales order to work order processing, routing, and scheduling, order fulfillment and product costing, NetSuite’s manufacturing solution provides real-time visibility into every step of the production process to help you make better-informed decisions.
• Security: NetSuite is a cloud-based application, so it is inherently secure and comes with built-in security features. There is never a need to worry about data or security, NetSuite meets many high-level security standards including SOC 1 Type II, SOC 2 Type II, PCI DSS, and ISO 27001.
• Visibility: Optimized for manufacturing, NetSuite’s ability to run the business completely within the software allows complete visibility into the supply chain from beginning to end. Users can always be connected to their supply chain operations and logistics through mobile capabilities.
• Operations: Get your products to market quickly and cost-effectively anywhere in the world with an end-to-end manufacturing software solution. NetSuite’s ERP for manufacturing software enables businesses to run their manufacturing operations efficiently.
• Resource Allocation: Labor shortages can lead to business setbacks and human resource issues. An enterprise resource planning (ERP) system, like NetSuite, automates, consolidates, and streamlines organizational processes for manufacturing. Improving the number of resources needed while also increasing efficiency are key to growing your manufacturing business.

1. Production Management
   • NetSuite’s Product Management module helps you improve work order management, product quality, and scheduling all in one place. You can create, release, update and monitor work orders through the entire production process and receive increased information for inventory tracking throughout the product lifecycle.
2. Inventory Management
   • The Inventory Management module allows you to closely manage supply chain and inventory levels to meet demand. It also provides flexibility for defining customer and/or product processing with multi-tiered rules. This module helps to improve order and line fill rates while also reducing administrative costs.
3. Demand Management
   • Demand Management takes the guesswork out of forecasting. This module helps you manage your supply chain to ensure you have appropriate inventory levels. It analyzes historical data to allow you to make informed forecasting decisions.
4. Planning and Scheduling
   • Accurate and thoughtful planning is the top priority for any successful manufacturing company. This module automates supply and demand to secure that your inventory levels are consistent with demand. Planning and Scheduling module also allows for flexible scheduling codes, finite and infinite capacity scheduling, and the ability to view your schedule using multiple graphs.
5. Supply Chain Management
   • Simplify distribution resource planning with NetSuite’s Supply Chain Management module. This module is the glue that holds your suppliers and purchasing departments together. Obtain a real-time view of your inventory status and supply chain data and automate stock levels with restocking alerts.
6. Procurement
   • NetSuite’s procurement module supports all operational processes and logistics from managing inventory to fulfilling material orders. Improve visibility by generating real-time views into company spend.
7. Shop Floor Control
   • Obtain complete control over your shop floor with NetSuite. This module allows for real-time updates from your shop floor. In turn, you can plan and record all updates of the product manufacturing cycle. Record downtime, enter production, identify quality issues, etc. in real-time.
8. Quality Management
   • NetSuite’s Quality Management module ensures your company delivers quality products while minimizing manual labor. Maintain high quality products with the ability to define inspection plans, pass/fail criteria, etc., all in real-time.
9. Work Orders
   • NetSuite’s Work Order Management module adds control and visibility when items. Easily define assembly items, build complex BOMs, create works orders, etc. This module also helps manufacturers following lean principles operate without work orders.