Around the globe, manufacturers are managing a range of challenges as 2022 winds down and they begin planning for the new year. Continued supply chain disruptions, labor constraints, inflation, and rising interest rates are all keeping manufacturers up at night right. Increasing business costs, fluctuating fuel rates, the war in Ukraine, and various other geopolitical issues are also impacting manufacturers’ profitability, productivity, and efficiency at this time.
For help managing these challenges, manufacturers are turning to modern, cloud-based enterprise resource planning (ERP) solutions that automate processes, lessen companies’ reliance on labor, and streamline operations. By bringing all of their data and processes onto a single ERP, manufacturers also eliminate the need for disconnected systems (e.g., one to manage inventory, one to manage customers, and yet another to handle order fulfillment).
As a NetSuite Partner, ERP Success Partners uses the ERP as a foundation for helping manufacturers work smarter, faster, and more efficiently in any business conditions. In the current VUCA environment, where volatility, uncertainty, complexity, and ambiguity have become the “norm,” being able to unify data, insights, and operations on a single, cloud-based platform has become more important than ever.
As a manufacturer, adopting a modern ERP solution provides “significant competitive advantage,” FinSMEs reports, because it automates manufacturing processes, reduces the time it takes to reach the market, and minimizes errors at critical stages in the production process.
“In manufacturing, automation is arguably the most significant benefit an ERP solution offers, helping you to increase productivity by automating various tasks,” the publication adds.
“Moreover, automation minimizes errors at critical stages of production. This reduces potential defects and product recalls, which translate to losses,” it adds. “Another key benefit of automation is increasing workplace safety. This is because you can reduce the involvement of workers in dangerous environments.”
Once in place, NetSuite provides simplified reporting and more accurate forecasting. Both help manufacturers make better decisions and enhance productivity. NetSuite also helps companies increase the security of their data, better integrate their end-to-end supply chains, and respond faster to changing market conditions. These and other benefits create fast return on investment (ROI) for companies that were previously running on legacy solutions, disparate applications, and spreadsheets.
NetSuite for Manufacturing
NetSuite helps growing manufacturers control, coordinate, and manage every aspect of their operations in one place. They can use the platform to effectively manage procurement, plan production, and direct discrete manufacturing processes.
As a global ERP solution, NetSuite provides multi-language, multi-currency capabilities that support the manufacturing processes and global supply chain.
Some of NetSuite’s key manufacturing capabilities include:
Optimize inventory on hand, reduce shipping costs, and improve the customer experience by automating key processes and access to real-time information. NetSuite Intelligent Order Management automates order promising, allocation, orchestration, and execution processes.
Planning and Scheduling
Automatically balance supply and demand, ensuring that you always have the right inventory in the right place at the right time. Using a traditional calendar view or Gantt chart, NetSuite displays upcoming production with intuitive drag-and-drop tools.
NetSuite delivers a global view of inventory, regardless of where it is in production, allowing companies to manage outsourced production as if they were doing the manufacturing. The ERP provides real-time inventory visibility, vendor location management, and full distribution requirement planning (DRP) capabilities for multi-location planning.
NetSuite helps companies improve the procurement process with tools that better monitor spending, simplify requests for goods and services, and deliver real-time visibility throughout their operations.
Shop Floor Control
Get real-time updates from the shop floor via NetSuite’s interactive tablet application. The tablet application can be deployed through any tablet’s browser and can accurately record exactly what’s happening during each step of the manufacturing process.
NetSuite helps manufacturers of all sizes reduce operating costs, increase revenue, and better manage their business and supply chains. Using the ERP, you can define and maintain your inspection plans, collect in-process inspection results, and report on non-conformance.
With extensive experience helping manufacturers achieve fast ROI from their NetSuite investments, ERP Success Partners helps customers work smarter, more efficiently and more profitably in any business conditions. The top choice for manufacturers, NetSuite is a complete business solution that provides comprehensive functionality all manufacturers need to be able to run profitable, efficient operations.