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NetSuite: How to Improve Manufacturing Processes

NetSuite is the best choice for manufacturers who want a complete business solution for all different manufacturing processes. Above all, its functionalities provide the industry with a solution to run a modern business from all fronts.

Why does NetSuite work for the manufacturing industry?

Based on a world-class architecture, NetSuite enables seamlessly integrated global networks of vendors and partners. These networks have a maximum performance because the information is available in real-time anywhere. Its ease of use allows it to be adapted to specific roles and requirements. That is, it does not require knowledge of software programming. It can be customized to deliver real-time information through key performance indicators.

Besides, it integrates an intuitive dashboard that provides a 360⁰ view of business operations and allows any problem to be investigated in depth. As it is a cloud-based application, manufacturers can benefit from NetSuite’s rich functionality immediately. In reality, it is an investment with lower initial costs than other applications on the market. 

In short, a NetSuite implementation provides inventory, warehouse management, accounting, and financial management, order management, customer relationship management, and e-commerce capabilities. Supports multi-site inventory, assembly management requirements, bill of materials, order management, work order management, various measurement methods, barcodes, and other business processes. 

Improvements for each of the manufacturing processes

NetSuite offers a unique suite of functionalities targeting different manufacturing processes based on the leading practices of companies worldwide.

Engineering

NetSuite integrates with many CAD applications, simplifying costing by allowing easy import of material estimates (BOMs). On the other hand, it ensures that changes in production engineering are propagated end-to-end and are reflected in subsequent BOMs, demand plans, and purchase orders.

Order management

This software supports the simultaneous management of several stages of picking, packaging, and shipping. Also, it offers real-time visibility into the complete order management process with relevant information such as orders, trends, and conversion rates.

Sales and marketing

NetSuite speeds up real-time quote management by automatically incorporating pricing, sales tax, and discount rules into sales quotes. Additionally, it converts quotes into approved sales orders and routes them to the finance team for revenue recognition and invoicing.

Supply chain automation

This suite supports fully integrated supply chain environments, ensuring that data is constantly passing through networks. Integrate demand planning forecasts and required inventory levels based on historical data, sales forecasts, average trends, and seasonal fluctuations.

Production control

NetSuite optimizes production environments by automatically generating work orders from sales orders. It features batch and serial traceability and allows both to be logged through purchase receipt, inventory, shop control, and order fulfillment functions. It simplifies multilevel work order processing by allowing a single work order to control a multilevel assembly.

Service and support

With NetSuite, you can automate case management by assigning support tickets to customer email addresses, including resources to escalate issues based on customizable parameters. It also improves warranty management with a search code that automatically triggers the return and repair processes.

Financial management

NetSuite has customizable dashboards that display key information such as accounts receivable, orders, and accounts payable. It also offers multiple reports, including income statements, balance sheets, consolidated reports, variance reports, and comparative tables. In addition to the above, it optimizes invoice generation by automatically calculating sales taxes, finance charges, and discount terms.

Trade

At the same time, NetSuite enables you to implement B2B and B2C portals that optimize order placement and improve customer satisfaction. In the same way, it optimizes order management by automatically transferring them to the fulfillment processes. It also automatically generates dynamic price lists that reflect purchase volumes.

With NetSuite mobile app you can accelerate the growth of your company from start to finish in all processes of your industry on phone.

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