Why Manufacturers Choose NetSuite

At its very core, NetSuite is designed for a modern business. This fact, combined with years of industry best practices, has made NetSuite both the product provider of choice and trusted advisor for manufacturers. The core pillars of NetSuite’s Manufacturing solution include:

• Reliable platform
• Industry-specific capabilities
• Global functionality
• Customer experience focus
• Flexibility to accommodate complex business models

“We Need Manufacturing-Specific Capabilities”

Whether a manufacturer is in its first round of seed funding, or its 50th year of business, it is critical that manufacturers are equipped with the manufacturing-specific functionality to increase efficiencies, improve utilization and reduce errors. With more than 30 years of experience in ERP, NetSuite has developed industry-specific functionality to address these exact manufacturing-specific needs. From order capture and inventory management to shipment and billing and support, NetSuite manages the entire manufacturing process flow. It supports inventory for multiple locations, assembly management requirements, bill of materials management, work order management, diverse methods of measurement and bar coding. On top of the core functionality, NetSuite offers an Advanced Manufacturing edition, which caters to even more complex manufacturing requirements, including:

• Manufacturing Execution Systems
• Bar Code Scanning
• Tablet Experience
• Advanced Routings
• Rough Cut Capacity Planning
• Resource Requirements Planning
• Quality Control
• Batch Control & Management
• Recipe/Formula Management
• Dynamic Reporting
• Release Management

“We Need a Sturdy, Reliable Platform”

Of course, companies exploring their ERP options also want a solution to last well into the future. Big or small, replacing a company’s systems is no easy task, which is why reliability and sturdiness of the solution are absolutely critical. The last thing a business wants is to go through process of selecting an ERP just to go through painful upgrades or even another evaluation. NetSuite’s cloud platform is the kind of solution that is built to last. It is global, accessible at any time from any device and automatically updates with the latest features and functions so that customers are always running the latest version. It is able to handle a broad range of business needs—from small companies with a handful of employees to huge global enterprises—and is highly customizable, with a massive ecosystem of partners with built-for-NetSuite offerings.

NetSuite has consistently focused on enhancing the performance of the platform, for startups and large enterprises alike. This fact, combined with NetSuite’s customizable cloud-based architecture, makes NetSuite the solution of choice for companies seeking a proven system along with all of the key updates and functions.

“We Need Global Functionality”

It is no secret that global functionality has  rapidly become a vital aspect of success in the modern business world. With many manufacturers moving production or warehousing overseas and selling into international markets, global functionality is a critical piece of the puzzle for many in their ERP selection. Large companies require agility to take advantage of global opportunities while small companies are operating internationally and need a solution that allows them to do so. NetSuite provides a global solution that moves at the speed of business and provides small and large companies alike with the functionality needed for success.

Another factor manufacturers consider are the challenges associated with managing complex, international supply chains. With companies focusing more on partnering and outsourcing for increased efficiencies, supply chains are becoming more fractured  and international.

NetSuite’s global ERP meets this need for a global infrastructure to accommodate more fractured supply chains, international fiscal functionality, multi-level company structures and global supply chain functionality through:

Scalable Infrastructure:

New data centers around the world brings NetSuite’s solutions closer to customers, ensures data protection and makes it easy for customers to add subsidiaries, sales offices, distribution centers, manufacturing plants, contract manufacturers or business partners.

International Fiscal Functionality:

NetSuite provides the fiscal capabilities to easily support companies in any country, supporting more than 20 languages, 190 currencies and financial compliance laws across more than 110 countries worldwide—and makes the process of going global more streamlined.

Multi-Level Company Structures:

NetSuite natively provides the ability to accommodate multi-level company structures to seamlessly account for parent and subsidiary corporations. Some companies take a two-tier ERP approach, in which a subsidiary runs on NetSuite, enabling the parent company to leverage the on-premise system it has already invested in heavily.

Global Supply Chain Functionality:

With NetSuite, businesses are able to optimize global supply chains by planning the supply chain, managing available capacity, optimizing inventory and executing on the supply chain with visibility into every portion of it.

“We Need to Focus on Customer Experience”

As manufacturers expand more and more into B2B and B2C commerce, the customer experience becomes a key consideration. In the modern world of business, there are more touch points with the consumer than ever before. Customers expect consistent experiences regardless of how they engage—whether via the web, call center, mobile device or otherwise.

Modern manufacturers need the capacity to communicate with their stakeholders and customers effectively and seamlessly, a key advantage of the NetSuite commerce solution.

NetSuite’s SuiteCommerce engine:

• Enables implementation of both B2B and B2C portals that streamline order placement and improve customer satisfaction.
• Streamlines order management by transferring orders automatically to back-office fulfillment processes
• Automatically creates dynamic price lists that reflect purchase volumes.
• Supports creation of coupons or discounts on specific items, enables exempting other items from discounts and automatically delivers upsell recommendations.
• Provides search engine analysis, website analytics and reporting, online marketing analytics and more.
• Accepts real-time payments from different credit cards and international currencies and supports Google Checkout or PayPal checkout options.

Between multi-channel purchasing support, quote request, password protection, application performance sensors and Google tag manager, SuiteCommerce optimizes the online ordering process from start to finish. These capabilities are the core of the customer experience and absolutely necessary for the most optimized B2B and B2C commerce possible.

“We Need a Flexible Solution”

In the face of constant change, businesses need to be able to quickly pivot and iterate on their business model, and they need a solution that is going to be able to form to that model. New companies lacking a platform to support and monetize their state of the art innovations and unique business models are at a serious disadvantage as they try to establish themselves in the market, while older companies risk stagnating and ultimately failing if they fail to recognize the need to modernize. For instance, today a company may bill in more traditional ways, but in the future their billing practices may become more complex and they need to be prepared for that potential. Functionality and a flexible platform makes rapid changes in processes possible so that businesses can focus more on innovating and less on the software to support these innovations.

Conclusion

For modern manufacturers, NetSuite provides a single solution to fit all their key requirements: a sturdy, reliable platform with all of the industry-specific, customer-centric and global capabilities necessary for success in today’s business ecosystem. By choosing NetSuite, over 30,000 businesses have chosen the ERP that does not simply recognize modern business trends, but trailblazes and innovates in response.

No matter how you characterize your manufacturing business – discrete manufacturing, process manufacturing, batch production, continuous flow production, lean, just-in-time, Kanban, and the like - The Vested Group will draw from over 75 collective years of experience in the manufacturing industry to design and implement an ERP system configuration that is perfectly suited to your business needs.

Contact The Vested Group today to learn more about your NetSuite options.