11 Ways NetSuite Manufacturing Software Can Solve Your Business Woes

There’s a reason why growing companies are investing in NetSuite manufacturing software—because nothing limits a manufacturer’s development like a loose web of poorly integrated solutions. 

So, if your business runs on a patchwork system, your financial operations may not scale to meet growing needs. Or your inventory and CRM systems may not coordinate, resulting in errors and delays. And your staff may have to manage data manually, which could hamper growth and frustrate your workforce. 

Basically, you might be living in a digital nightmare.

Fortunately, a NetSuite Cloud ERP can solve these and many more crucial manufacturing issues. This Software-as-a-Service (SaaS) product connects the various systems that operate a manufacturing business—from procurement to plan production to warehouse management—and runs them from a single online database. So, all your data gets stored in one place and updated in real time for better tracking and analysis. 

But those aren’t the only benefits. In fact, we’ve compiled a list of 11 ways you can improve your business with a NetSuite ERP. 

1.  Deliver the perfect order. To every customer. Every time.

We all know shipping expectations are on the rise, and supply chain efficiency has become more critical than ever. Customers like fast delivery.

NetSuite Order Management improves your supply chain by automating important processes—such as order promising, allocation, orchestration, and execution. 

2.  Perfect the art of scheduling.

NetSuite manufacturing software simplifies planning with a scheduling engine that adjusts to your needs. It also lets you track upcoming production using simple drag-and-drop tools. And it helps you identify problems quickly using real-time data. 

3.  Manage outsourced manufacturing like it’s in-house. 

Outsourcing may be a simple solution for manufacturing issues, but it can also wreak havoc on your inventory management processes. Fortunately, NetSuite offers a global view of inventory that includes products made by other vendors. 

As a NetSuite customer, you’ll enjoy real-time inventory visibility, full distribution requirement planning (DRP) capabilities, and vendor location management so you can keep operations running smoothly.

4.  Get the right supplies at the best prices.

A NetSuite Cloud ERP can handle requests for quotes, blanket purchase orders, and purchase contracts. This means you’ll always have the right materials available after getting them at the best possible prices. 

It also provides tools to help your company manage spending. For example, you can monitor your financial habits, simplify goods and service requests, and enjoy real-time visibility.

5.  Monitor the shop floor. 

NetSuite allows you to record and monitor every detail of your manufacturing process, including when, where, what, and how your products are made. This constant data stream improves planning and scheduling and increases efficiency on the shop floor. 

You can even keep up with manufacturing developments using a tablet application that tracks all operations. And the app’s layout is so well-designed you can use it while wearing work gloves. 

6.  Increase product quality while decreasing production costs.

Get the tools necessary to manufacture high-quality products. NetSuite manufacturing software allows you to define inspection plans and monitor all results. And, while you’re increasing product excellence, you can lower production costs. The system has several features that help reduce expenses and increase revenue. 

7.  Strengthen customer relationships through system automation.

NetSuite’s CRM includes tools that strengthen your relationships with customers, such as sales force automation, customer service and support management, and marketing automation. You can also integrate order management, partner management, and sales performance management with your ERP and e-commerce systems. 

These features will help efficiently manage the customer lifecycle so your business can continue growing. 

8.   Go beyond trade shows.

Trade shows create an opportunity to introduce your company’s name and products to potential customers and influencers and make important contacts. They’re excellent marketing events—but your company can do so much more to reach your target audience. And NetSuite can help. The system features tools you can use to explore and master various marketing pursuits, including the creation and execution of email campaigns. 

9.  Make your accountants happy.

NetSuite’s financial component allows accountants to easily view, organize, and share data. This functionality helps accelerate financial close, strengthen expense management, streamline auditable revenue management, and review financial performance in real-time. The software also integrates with manufacturing operations, so your accounting department can work with the same system used by your sales and customer reps. 

Essentially, NetSuite frees up the time your accountants normally spend on bookkeeping tasks so they can spend more energy on analysis and strategy. 

10.  Go global.

Every business that goes multi-national encounters a bevy of challenges, like how to track transactions that occur in multiple currencies. NetSuite’s OneWorld solution helps break down many expansion barriers. For example, companies can use it to adjust to currency, legal compliance, and taxation differences. The program also offers visibility into each facet of a business worldwide, ensuring efficiency and compliance on both local and global levels. 

11.  Seamlessly integrate inventory with e-commerce.

NetSuite’s SuiteCommerce component allows you to connect your online shop to your ERP. So, you can base your product availability on accurate inventory data, creating a more efficient online experience for customers. And SuiteCommerce automatically transfers orders to your fulfillment process. It even offers complete control over pricing and promotions.