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Is NetSuite a good fit for Servicing and Manufacturing Industries?

Stress tests, such as the COVID-19 pandemic, can identify costly inefficiencies and push you to re-evaluate your manufacturing ERP, as well as other business systems and important processes, as a company.

You need an ERP that gives visibility, adaptability, and a solid financial basis to help you secure your market position and withstand the next stress test. It should also be a scalable system that can expand with your organization.

That solution is NetSuite for manufacturing, and it may help your manufacturing company become more resilient to disruption.

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With NetSuite, you can have end-to-end visibility.

Manufacturers need visibility, and contemporary technology allows them to gain end-to-end visibility across the whole supply chain. NetSuite is a platform that incorporates ERP, CRM, and sales channels, as well as ecommerce, planning and scheduling, production control, order management, and more. Furthermore, all information is updated in real time.

All essential data elements and financials are just a few clicks away in NetSuite for manufacturers’ bespoke dashboard. You have everything you need to make smart business decisions, from raw materials sourcing through production and customer lifecycle data.

It also integrates readily with other systems, allowing you to adopt new technologies or approaches, such as a Digital Supply Network (DSN).

You will be better prepared to deal with the following difficulties as a customer.

  1. Supply Chain Management
  2. Management of Product Data
  3. Planning and Scheduling Quality Control
  4. Procurement CRM Order Management
  5. Floor Control

as well as other products are available for purchase.

NetSuite for Manufacturing gives you more flexibility and resilience.

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  1. Diverse Supply Chain Support

NetSuite has you covered whether you’re considering regionalization, nearshoring, reshoring, or everything in between. Its cloud-based architecture allows users to access real-time data from any location with an internet connection.

NetSuite OneWorld can help companies with multinational or multi-subsidiary operations easily negotiate taxation, currency exchanges, legal compliance, and other problems that come with having an international footprint.

NetSuite also boasts cheaper upfront expenses than on-premise or legacy options, and all of its 26,000+ customers in over 200 countries use the same version. There is no version lock, and the security is improved.

  1. Facilitates Workforce Efficiency

Modern workforces are evolving, and you’ll need a dependable system that can handle the various roles, processes, and workflows that keep your business viable. NetSuite is the system in question.

You may effortlessly create and change new roles and permissions for your employees using NetSuite’s highly customisable dashboards. This platform also has built-in automation and workflows that have been meticulously architected based on years of industry best practices and hundreds of manufacturing company implementations.

This flexibility helps your firm to shorten the onboarding process and adapt new production and non-production procedures with more agility.

  1. Supports the development of new sales channels

NetSuite can strengthen a diverse approach to sales and marketing, in addition to supporting a diversified supply chain. Manufacturers can use NetSuite to embrace new sales channels and activities such as direct-to-consumer, online, and email marketing.

NetSuite’s comprehensive ecommerce platform, which consists of two products called SuiteCommerce and its top-tier option, SuiteCommerce Advanced, may be combined with the powerful CRM. Both choices provide mobile-friendly, customisable web stores that can help you get started selling online quickly.

Because all NetSuite modules share the same data, you can drill down into customer records, specific transactions, and more.

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  1. Connects your manufacturing processes to your finances in a seamless manner.

NetSuite was created specifically to aid with the financial close and all of your company’s back-office needs. It will link your manufacturing operations to financial data as well as other critical processes or workflows, ensuring that you have a complete financial picture.

NetSuite is the solution for you If your objectives include….

  1. Gaining a better understanding of your cash flow
  2. Getting a deeper understanding of your order management process
  3. Getting paid more quickly
  4. Getting your financial close as soon as possible
  5. Integrating an EDI solution is simple.
  6. Creating financial reports quickly

Manufacturers’ Editions of NetSuite Overview

NetSuite offers three Manufacturing Editions, each of which may be customized to meet your specific needs. Separate versions of NetSuite can even be deployed at different manufacturing locations at the same time.

Work Orders & Assemblies, WIP & Routings, and Advanced Manufacturing are the three editions, and switching between them is simple.

All data is exchanged and updated in real-time, as it is with every NetSuite product, to guarantee that your key decision-makers have the most up-to-date information to help move your company forward quickly and effectively.

  • Work Orders & Assemblies Edition – This is for companies who need to track labor and work in progress but don’t need to track labor.
  • WIP & Routings Edition is a more robust solution than Work Orders & Assemblies Edition . It’s for businesses who need to keep track of labor costs, specify work centers, routes, and limitless capacity scheduling, among other things.
  • Advanced Production Edition — NetSuite’s most comprehensive solution for manufacturers, designed for businesses that need complete control over all manufacturing processes.
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Why Netsuite?

NetSuite, the world’s #1 cloud business software provider, assists hundreds of manufacturing companies such as OSL Cutting Technologies Limited, Secrid, and Western Global in streamlining and running their whole operations on the cloud.

Inventory management with dynamic replenishment, production planning, warehouse management, financial accounting and costing, customer and partner relationship management, and ecommerce are all included in NetSuite. NetSuite enables you to manage your whole organization with one comprehensive Software-as-a-Service (SaaS) suite supplied on demand over the Internet, whether you’re a genuine manufacturer, an assemble-to-order business, or a distributor with manufacturing requirements. It gives firms the visibility and control over crucial processes they need to compete effectively in the market.

Why pick Folio3?

We’ve deployed NetSuite ERP and other company management systems for customers in manufacturing, 3PL, ecommerce, retail, wholesale & distribution, and a number of other industries. In fact, we specialize in NetSuite for manufacturing.

Our staff has worked with firms involved in every step of the supply chain, and we approach each project holistically.

Transparency, proactive communication, and doing the work correctly the first time are all values that we hold dear at Folio3. Our talented team is eager to hear from you and would be happy to assist you in any manner possible. Book your consultation now!

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