Top 10 Reasons Manufacturing Companies Choose NetSuite

Manufacturing companies face unique challenges that require specialized solutions to stay competitive and efficient. NetSuite, a leading cloud-based ERP system, offers a comprehensive suite of tools tailored to meet these needs. Here are the top 10 reasons why manufacturing companies choose NetSuite: 

1. Industry-Specific Functionality

NetSuite provides manufacturing companies with industry-specific functionalities such as work orders and assemblies, production management, and inventory optimization. These features enhance quality control, supply chain management, and demand planning. Additionally, NetSuite integrates CAD drawings for streamlined design and production, real-time shop floor control, comprehensive financial management, and CRM features. These tools collectively help manufacturers improve efficiency, reduce costs, and maintain product quality.

2. Integrated System

NetSuite’s integrated system unifies various business processes, including ERP/financials, order management, CRM, supply chain management, production management, inventory management, e-commerce, human resources, and analytics. This comprehensive platform streamlines operations, enhances efficiency, and reduces costs by providing real-time data, role-based dashboards, and seamless automation across all essential functions.

3. Real-Time Visibility

NetSuite’s real-time visibility feature provides manufacturing companies with comprehensive insights across their entire operations. This includes monitoring production schedules, inventory levels, order statuses, and shipping processes. By offering a transparent view of sales, operations, production, and invoicing, NetSuite enables efficient resource allocation and strategic decision-making. Additionally, it allows for real-time tracking of inventory and vendor locations, facilitating better planning and management of manufacturing activities across multiple locations.

4. Cost Reduction

NetSuite helps manufacturing companies reduce costs through real-time tracking of expenses, lean inventory management, seamless API integration, and detailed control over production processes. It optimizes material usage and labor costs with work-in-progress and routing tools, aligns production with market demand through advanced demand planning, and automates processes to lower operational costs. Enhanced reporting and analytics provide insights for continuous improvement, collectively leading to significant cost savings and increased efficiency.

5. Improved Order Processing

NetSuite enhances order processing for manufacturing companies by automating the order-to-cash process, reducing errors, and speeding up fulfillment. It offers intelligent order management, real-time tracking, and integrated inventory management to ensure accurate and efficient order handling. Streamlined fulfillment processes, customizable workflows, and advanced analytics further improve productivity and customer satisfaction, making order processing more efficient and reliable.

6. Quality Control

NetSuite’s Quality Management solution helps manufacturers maintain high standards by defining and automating quality policies, creating detailed inspection plans, and enabling real-time data collection through mobile devices. Automated quality activities and non-conformance reporting ensure timely checks and quick issue resolution. Comprehensive analytics and integration with other business processes provide a holistic approach to quality control, reducing defects and improving product consistency.

7. Scalability

NetSuite’s scalability is driven by its cloud-based architecture, modular design, and support for global operations, allowing manufacturing companies to expand without significant infrastructure investments. It offers real-time data and analytics, automation of business processes, and customizable workflows, ensuring efficiency and flexibility as the business grows. Additionally, NetSuite’s cost-effective scaling eliminates the need for multiple systems and reduces manual processes, making it a robust solution for companies looking to scale efficiently.

8. Faster Time to Market

NetSuite accelerates time to market for manufacturing companies by streamlining production workflows, enhancing departmental collaboration, and providing real-time data for quick decision-making. Its integrated supply chain and advanced demand planning tools ensure seamless procurement and logistics, while rapid prototyping supports quick product development and refinement. These features collectively enable manufacturers to bring products to market faster, improving competitiveness and responsiveness to market demands.

9. Enhanced Collaboration

NetSuite enhances collaboration for manufacturing companies by integrating financials, CRM, inventory management, and other processes into a unified platform, enabling real-time data sharing and better communication across departments. It includes collaborative tools for project management and team communication, improves supply chain coordination, and offers role-based dashboards for relevant insights. Mobile access further facilitates collaboration, even for remote or distributed teams, ensuring cohesive and efficient operations.

10. Compliance and Reporting

NetSuite’s compliance and reporting features help manufacturing companies adhere to regulatory requirements and industry standards by supporting various regulations, offering automated and customizable reporting tools, and providing real-time analytics. Comprehensive audit trails ensure transparency, while non-conformance reporting and Governance, Risk, and Compliance (GRC) capabilities help maintain quality and control. These features collectively reduce the risk of regulatory penalties and improve operational transparency. 

NetSuite’s robust and comprehensive suite of tools makes it an ideal choice for manufacturing companies looking to enhance efficiency, reduce costs, and maintain high-quality standards. By leveraging these top 10 features, manufacturers can stay competitive and responsive to market demands. 

CONSIDER GSI AS YOUR NETSUITE IMPLEMENTATION & SUPPORT PARTNER

Ultimately, businesses implementing NetSuite need help from a partner who is both an expert in NetSuite and ready and able to consult on the client company’s pain points and objectives.

Using a knowledgeable implementation and support partner, you can roll out a transformative business software system to address current pain points and build a stable relationship with experts who can help adapt and scale the platform as your business grows.

GSI is the #1 Ranked NetSuite Solution Provider by G2, with a senior-level, 100% US-based NetSuite implementation and NetSuite support teams, all of whom average 10+ years of experience in the NetSuite ecosystem. By applying industry best practices and insights, we enable clients to fully leverage NetSuite, enhancing their processes, decision-making, and performance. Our team collaborates closely with clients to align NetSuite's capabilities with their strategic goals, fostering long-term partnerships through transparent communication and ongoing support.