Netsuite solves many problems that manufacturers have, such as product data management, supply chain, product control, and global management.
Manufacturing Industry-specific NetSuite Introduction Effect
If you have such troubles,
NetSuite would help
Non-unified data management
Un-unified data from factories to suppliers, sales offices, and consumers, and batch data cannot be acquired without time and effort.
Difficult to calculate when and how much production is needed, its raw materials, in-process warehouses, and required orders.
Product data / order management
/ quality control
Difficult to grasp product data, standard cost, lot cost.
The core system, excel sheets differ depending on the branch office/factory.
Complicated demand forecasting in the digital society. Inventory management cannot be flexibly handled, and shortages and delays may occur.
Difficulties on overseas expansion
ERP systems (domestic manufacturers) that you are currently using cannot be used overseas.
Wasting lots of time doing rate calculations manually. A core system that can automatically respond to the language, currency, and accounting standards of overseas expansion destinations is required.
Effects after NetSuite installation
Centralized management from the factory to corporate finance
As all of the data is managed on the same platform, it can be judged from correct real-time information and can be automated.
Real-time update inspection plans from the workplace, pass / fail criteria, summary results, and real-time monitoring through mobile devices and traditional barcodes.
Product data / order management
/ quality control
BOM, cost version, product data can all be managed in one place.
Automatic calculation of the difference between standard cost and cost by lots.
Create, release, update, and even manage QA through the manufacturing process.
Able to order the necessary components and know their delivery dates online according to the production schedule.
Quick, efficient overseas expansion
Adapts to multi-language, tax, currency, and auditing standards worldwide.
Easy to control the outsourced manufacturing process and your own factory at the same time.
Product Features for Manufacturing Industry
Customer Relationship Management (CRM)
NetSuite's Customer Relationship Management (CRM) solution is the only cloud solution that can provide a 360-degree, real-time view of your customers. NetSuite CRM provides a seamless flow of information throughout your customer's lifecycle, from leads to opportunities, orders, deliveries, sales, upsells, cross-sells, and support.
NetSuite CRM not only provides traditional CRM features such as SFA, customer service management and marketing automation, but also quotes, order management, fees, sales forecasts, integrated e-commerce capabilities and more.
Manufacturing engineering changes are quickly propagated downstream and immediately reflected in the BOM, manufacturing plans, and inventory.
Realize item inventory, service planning, and costing capabilities in project management.
Supports various methods for costing inventory (including LIFO, FIFO, average, standard, and actual costing)
Simplify the calculation of the cost by integrating with external CAD applications and easily importing BOMs
Order Management System (OMS)
NetSuite's order management system streamlines order processing and enables timely billing and payment by eliminating manual bottlenecks, preventing errors, and establishing a smooth flow from quote order to purchase.
NetSuite's order and billing management capabilities integrate sales, accounting, and operations teams to improve quote accuracy, eliminate billing errors, enhance revenue recognition processes, and improve operational accuracy and efficiency.
NetSuite provides users the ability to forecast the inventory they need based on historical demand or sales forecasts.
By just clicking, you can generate supply plans using demand plan settings, reducing time-consuming manual processes. Available planning methods: linear regression, moving average, seasonal average, forecast sales.
NetSuite streamlines and improves procurement-to-payment process accuracy by interlocking key sourcing transactions with automation and providing approval and matching workflows that meet internal control and compliance requirements.
NetSuite offers discrete manufacturers many options on how to manage their manufacturing processes, regardless of their size, complexity, or business maturity.
Whether you're working in an environment without work instructions, backflushing all materials on completion, or issuing and tracking materials and workforce as work-in-process costs, NetSuite has the ability to retrieve information. Main features: Work Orders & Assemblies / WIP & Routings / Advanced Manufacturing
Supply Chain Control Tower: Actively monitor inventory, supply, and demand throughout the global supply chain.
Demand Management-Analyzing historical demand, incorporating forecasts, CSV imports, or web service updates.
Supply management-planned and actual orders, supply planning at multiple locations.
Key NetSuite quality management benefits
Patterned quality policies, standard best practices
Improve product quality
Aggregate test results, compare pass / fail criteria, reduce quality control costs