Why Manufacturers Should Rely on NetSuite for Digital Transformation

Manufacturing business includes complex processes such as sourcing, making, building, shipping, and invoicing the product. Modern manufacturers need to entertain suppliers, subcontractors, and purchasers. In order to succeed in this competitive marketing landscape, manufacturers are required to combine data, integrate systems and processes to make informed decisions based on cross-functional information. With digitization, manufacturing operators can easily overcome challenges associated with complex business processes. NetSuite is considered as the perfect cloud-based business solution to cater to all your manufacturing related business needs. As a unified system, NetSuite can help in managing customers, orders, items, and inventory while seamlessly integrating e-commerce, marketing, sales, sourcing, production, warehousing, and support.

These models also continue to evolve rapidly, and many manufacturers find it difficult to support the arising complexities with their existing systems. NetSuite has built a unified system that manages customers, orders, items, and inventory, seamlessly integrated across e-commerce, marketing, sales, sourcing, production, warehousing, and support. With complete production planning, customer and partner relationship management, warehouse and inventory management, and a financial accounting system linked to a robust ecommerce engine, NetSuite allows your business to grow and expand across any channel.

With NetSuite, manufacturers can focus on innovation without wasting their valuable time and resources in managing legacy hardware and software. NetSuite enables automation across product lifecycle management, quote-to-cash, and plan-to-report processes, allowing manufacturers to keep pace with constantly changing environment while keeping them competitive and profitable.

NetSuite – A Complete Solution for Manufacturing

Engineering:- NetSuite offers deep integration with many CAD applications, simplifying costing by supporting easy import of BOMs. NetSuite ensures that changes by production engineering propagate and reflect across BOMs, demand plans and procurement orders. By supporting comprehensive inventory costing methods including LIFO, FIFO, average, standard and actual costing, NetSuite delivers more flexibility in cost.

Sales:- By streamlining the flow of information across the entire customer lifecycle from lead through to opportunity, sales order, fulfillment, renewal, upsell, cross-sell, and support, NetSuite enables manufacturing organizations to strengthens customer relationships.

Marketing:- With NetSuite, you can run focused marketing efforts and can efficiently manage the entire marketing process including the creation, execution, and measurement of email campaigns.

Commerce:- NetSuite core commerce capabilities enable the business to grow and expand sales through any channel. With NetSuite, the same item that has been created and entered on internal sales orders can instantly be published to the website with a seamless control over pricing and promotions. NetSuite streamlines order management by transferring orders automatically to back office fulfillment processes. With NetSuite, you can create coupons or discounts on specific items.

Order Management:- NetSuite enables manufacturing companies to leverage its omnichannel experience quickly and profitably, allowing them to deliver perfect order every time with minimal effort. With NetSuite, you can fulfill orders from anywhere in a timely manner while delivering an amazing shopping experience.

Supply Chain Management:- NetSuite enables advance distribution resource planning by forecasting inventory levels based on historical data, sales forecasts, average trends and seasonal fluctuations. NetSuite ensures seamless data flow across the network while enabling the generation of purchase orders, work orders and transfer orders across multiple locations. NetSuite offers real-time visibility to inventory and supply chain management metrics, offering you complete control.

Production Control:- With NetSuite, you can streamline the production environment by creating word orders from sales orders. You can control multi-level assembly with a single work order. NetSuite supports production routing capabilities including operational steps, work centers, labor, overhead and materials.

Support:- NetSuite offers a 360-degree view of customers, enabling organizations to improve customer satisfaction, attract new customers and lower service costs. With access to key customer data across sales, support, service, and fulfillment in real-time, NetSuite empowers organizations to deliver better support.

Financials:- NetSuite accelerates financial close while providing strong expense management. NetSuite streamlines revenue management and delivers complete real-time visibility into the financial performance of the business. With NetSuite, everyone will work from a single source of finance, sales, and customer data.

Global:- NetSuite is designed to address the complex needs of the multinational and multi-company system, enabling businesses to adjust currency, taxation and legal compliance differences at the local level. With NetSuite, you get real-time visibility of business worldwide to ensure compliant management across the organization.