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An Overview of NetSuite for Contract Manufacturing: Features and Benefits

If you’re running a manufacturing or contract manufacturing business, you’re well aware of the challenges. No need for me to tell you about them. But here’s the thing: technology can be a game-changer. In today’s world, if you’re not leveraging it, you’re falling behind.

So, if you’re wondering what technology to choose or if you’re already using some tech and questioning its efficiency, let me introduce you to NetSuite contract manufacturing. It’s truly amazing what it can do for you. But ultimately, the decision to go for it or not is yours. Alright, let’s dive in and discover the incredible things that NetSuite can do for your business. 

NetSuite Contract Manufacturing

Introducing NetSuite Contract Manufacturing. It’s an all-in-one ERP solution that empowers manufacturing businesses with comprehensive capabilities. You get efficient inventory management, streamlined warehouse operations, accurate accounting, seamless order processing, effective CRM, and robust eCommerce functionality.

With NetSuite, manufacturers can leverage an extended, fully integrated global network of trusted suppliers and partners. This ensures a smooth and reliable supply chain.

What sets NetSuite apart is its user-friendly interface that caters to all business roles. Plus, it’s completely customizable, allowing businesses to tailor the system to their unique needs and preferences. So, basically, it’s the perfect business solution for you. You can just implement it and relax because everything you want to see is just a click away.

Why NetSuite for Contract Manufacturing

Built for Manufacturers: Designed specifically for manufacturers, NetSuite platform enables seamless management of procurement, efficient production planning, and streamlined control over discrete manufacturing processes. With a unified system, you can optimize operations, enhance productivity, and drive overall business success.

Flexibility: Flexibility is a crucial aspect when it comes to business operations. Recognizing that no two businesses are the same, NetSuite goes above and beyond by offering the power and agility required to seamlessly support and adapt to your ever-evolving processes. With NetSuite, you can rest assured that your exact needs will be met, both now and in the future.

Global ERP: NetSuite’s comprehensive suite of features includes robust multi-language and multi-currency capabilities, ensuring seamless support for your processes and global supply chain, regardless of their operational locations. With NetSuite, you can effortlessly manage and optimize your operations on a global scale, with enhanced efficiency and accuracy.

NetSuite Contract Manufacturing: Product Features

  1. Order Management

Navigating the intricate landscape of order management becomes much easier with NetSuite’s Intelligent Order Management. Just imagine a system that not only automates order promising, allocation, and execution, but also optimizes your inventory, slashes shipping costs, and elevates the customer experience through real-time insights. 

It’s like delivering the perfect order every time, meeting rising customer expectations in a world of complex supply chains. With NetSuite, you can streamline your fulfillment processes, eliminating redundant order entries that eat into productivity. Plus, seamlessly managing orders within a unified system enhances your order-to-cash processes. 

And let’s not forget about the intelligent workflows for pricing, discounting, and approval routing, providing your customers with a consistently delightful experience. With NetSuite, you can scale your business efficiently while effortlessly managing labor costs—because perfection shouldn’t be complicated.

  1. Planning and Scheduling

Imagine effortlessly juggling supply and demand, making sure your shelves are always stocked just right, exactly when you need them. That’s the magic of NetSuite’s Planning and Scheduling. NetSuite got you covered with a real-time scheduling engine that’s flexible and easy to use, whether you prefer a traditional calendar or a sleek Gantt chart. 

Picture having all your upcoming work orders right at your fingertips, neatly organized and super easy to access. With our intuitive drag-and-drop tools, scheduling becomes simpler. . And guess what? 

Once everything is in place, you’ll have a live view of production, instantly spotting and tackling any potential issues. It’s like having a manufacturing wizard making sure everything falls seamlessly into place.

  1. Supply Chain 

Ever wanted to effortlessly keep track of your outsourced manufacturing? Well, NetSuite makes that wish come true! Picture this: you have a global view of your inventory, no matter where it’s being crafted, so you can manage outsourced production like a pro. 

With NetSuite, there are no barriers to growth. You’ll know where and by whom your product is made without breaking a sweat. It’s like having a backstage pass to the production process. And that’s not all! 

You’ll enjoy perks like real-time inventory visibility, seamless vendor location management, and the power of full Distribution Requirement Planning (DRP) capabilities for multi-location planning. NetSuite puts you in control, turning your supply chain into a well-orchestrated symphony.

  1. Procurement 

Manage your suppliers and purchasing processes with complete visibility to ensure you get the products you need, when you need them, and at the best price. NetSuite was built from the ground up to support the needs of product-based businesses. 

Today, it offers a range of native features like requests for quotes, blanket purchase orders, and purchase contracts. These features help ensure that you have the right materials or items available, in the right place, and at the right time.

With NetSuite, you can make your procure-to-pay process more efficient and smarter. It helps companies improve procurement by providing tools to monitor spending, simplify requests for goods and services, and deliver real-time visibility throughout your operations.

  1. Quality Management 

Crafting a top-notch product isn’t just about luck, it’s all about having the right strategy. With NetSuite, you can ensure that your products shine with outstanding quality, without any of the hassle. Set up inspection plans, choose what meets your standards, and effortlessly keep track of the results. Boosting quality without breaking the bank? That’s where NetSuite really shines!

No matter the size of your manufacturing business, NetSuite is your secret weapon to cut costs, increase revenue, and take full control of your business and supply chains. Outline your inspection plans, make in-process checks a breeze, and easily handle any hiccups that come your way. With NetSuite, quality control becomes a breeze, and your products steal the show.

  1. CRM & Marketing 

In today’s winning businesses, staying ahead means tuning into what customers want. Smart companies are ditching manual tasks for automated solutions to work faster and respond better.

NetSuite’s Customer Relationship Management (CRM) is like a superhero for your business, packing a punch with sales force automation, marketing automation, and customer service and support management—all neatly wrapped up in one cloud-based package. What’s even cooler? 

NetSuite CRM buddies up with sales performance, order, and partner management, seamlessly connecting the dots with your NetSuite ERP and ecommerce systems. It’s like having a crystal-clear view of your sales, helping you plan shop floor moves and upping your forecasting game. With NetSuite, you’re not just keeping up; you’re taking the lead.

Exciting features in NetSuite Manufacturing that you’ll love:

  • Inventory Tracking: Monitor goods and components
  • Assembly Operations: Create goods in one go
  • Manufacturing Costs: Easily determine total costs
  • Change Order Management: Track and manage changes
  • Work Center Control: Efficiently manage centers
  • Production Routing: Map product steps
  • Real-time Scheduling: Facilitate scheduling
  • Work Order Creation: Schedule and communicate
  • Configurable Product Sales: Sell customizable products
  • Actual Production Dates: Auto-calculate dates
  • Traveler/Dispatch List: Communicate plans and usage
  • Inventory Commitment: Commit inventory
  • Work Order Workflow: Add statuses, automate
  • Mass Update: Efficiently update records
  • Workflow Automation: Automate processes

To sum it up, NetSuite Contract Manufacturing is a game-changer, revolutionizing the way manufacturing businesses operate. Say goodbye to inefficiencies and hello to streamlined operations! With Intelligent Order Management, Planning and Scheduling, and Supply Chain visibility, NetSuite empowers you to take control. 

The user-friendly interface and customization options make it stand out as your ultimate manufacturing companion. From order creation to production and beyond, NetSuite effortlessly manages your entire process. It’s not just technology; it’s a tailored solution for your business, driving efficiency, reducing costs, and fueling growth. Take the lead with NetSuite—your manufacturing wizard for success!

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