Manufacturing

How important is ERP for Manufacturing Companies?

What are the benefits of NetSuite for Manufacturers? 

•     Customize NetSuite to meet your needs with industry-specific functionality.
  NetSuite offers built-in, industry-specific dashboards that include capabilities for production planning, inventory management, supply chain optimization, quality control, shop floor management, and more. NetSuite is well-equipped to address the unique challenges and requirements of manufacturing businesses, making it a valuable ERP solution for manufacturers.

•    Avoid unnecessary headaches with unified business management.
  One complete real-time solution eliminates integration hassles, disparate point solutions, and increases visibility. Manufacturers no longer have to deal with multiple software applications and data inconsistencies but can focus on driving growth and success.

•     React swiftly to opportunities and challenges.
  NetSuite replaces complex processes with one software suite that prevents delays and errors. Real-time data insights enable accurate production forecasting and planning, leading to better resource allocation and minimized production delays.

•     Achieve more with your existing resources.
  Achieve better control and visibility over your supply chain, making communication with suppliers, distributors, and consumers a breeze. NetSuite transforms silos into synergistic partnerships, unlocking opportunities for increased profitability and streamlined operations.

•     Stay informed about every aspect of your business.
  NetSuite’s platform provides actionable insights about every aspect of your operation any time, anywhere. Netsuite's reporting and analytics tools provide manufacturers with valuable insights into their operations, enabling data-driven decision-making.

According to Forbes latest Manufacturing trends for 2023, manufacturers are focusing on advanced technology integration (AI, IoT, 5G), sustainable practices, digital supply chain management, localized manufacturing, and hybrid work models. These trends highlight industry transformation and strategies to navigate a dynamic market. Amid these trends, manufacturers must prioritize technology modernization to stay competitive and drive growth. Embracing advanced solutions like NetSuite is key to avoiding limitations, streamlining operations, and seizing new opportunities in a rapidly evolving digital landscape. 

NetSuite Manufacturing Features

Work Order Management
•   Create and manage bills of materials for work orders.
•   Develop both standard and customized work orders for assembly builds.
•   Automate stock and component replenishment based on demand and production status.

Work Centers & Routings
•   Define resources and affiliated operating costs with work centers.
•   Support complex, multi-step assembly processes with advanced routing.

Bills of Materials with Kits & Assemblies
•   Utilize multi-level bills of materials (BOM).
•   Leverage backing for just-in-time (JIT) manufacturing.
•   Create serialized assemblies for serial and lot numbers.

Intelligent Inventory
•   Track inventory and component levels throughout the business cycle.
•   Use demand-based component replenishment to tailor production to demand

Product History Tracking
•   Keep a complete history for each product assembly or kit.
•   Allow warehouses to manage component levels and raw materials more efficiently.

Real-Time Manufacturing Dashboards
•   Monitor metrics on bills of materials, assemblies, work orders, and finished goods.
•   View key manufacturing performance indicators in a visual, user-friendly dashboard.

NetSuite Success Story: Learn how Extel Technologies increases Manufacturing efficiency by 20% with NetSuite.
Discover how NetSuite can integrate your business from the shop all the way to the top, and grows with you as your business changes.

Related Articles:
• Tips for Business Growth in 2023
• Solving Manufacturing Challenges With NetSuite
• Get Custom NetSuite Manufacturing Pricing

Protelo and NetSuite Partnership

Providing unparalleled service as a top-tier NetSuite Solutions Provider, Protelo implements business technology solutions and services that drive efficiency and solve the challenges modern businesses face. The Protelo team of technology experts have assisted hundreds of small, midmarket and enterprise companies across diverse industries and verticals in achieving their business goals.

Through tailored business software development, implementation, services and management, we have helped our clients streamline business processes and the flow of critical information. From the planning stages to managed services, Protelo is an end-to-end provider of business software expertise.