SAN JOSE, Calif., May 14, 2013 /PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP solutions, today unveiled its next-generation cloud manufacturing solution, bringing manufacturers to the cloud age. This new release brings to market a flexible cloud manufacturing solution, allowing manufacturers to fully run their business end-to-end. From customer-facing multi-channel sales to the production floor, the new solution offers manufacturers robust capabilities to more efficiently manufacture, forecast, price, track and schedule products, with a focus on design and a single platform for both B2B and B2C distribution.
New functionality released today includes: availability to promise (ATP), standard cost, work-in-process (WIP), and routings, extending NetSuite's overall solution breadth and depth for modern manufacturing organizations around the world. Partnerships with 3D Design and Product Lifecycle Management (PLM) partners provide NetSuite manufacturing customers with a complete solution to manage product lifecycle from design to delivery, entirely in the cloud. Leveraging these capabilities, today's modern manufacturers can accelerate innovation, produce higher-quality products at high margins, rapidly adapt to market changes and distribute across multiple channels, gaining a competitive advantage and driving success in the global economy.
Today's manufacturers face shifting economic conditions, accelerated time to value, and the need to innovate rapidly. Modern manufacturers require a system that helps them reduce costs during the design process, efficiently manage multi-channel distribution, continuously innovate and leverage a dynamic supply network, while adapting to mobile-empowered customers blurring the lines between B2B and B2C and demanding a modern Ecommerce experience. The traditional, on-premise software approach used by manufacturers, typified in legacy deployments of SAP, creates a barrier to product innovation and business growth by increasing IT costs, hence driving up the cost of production and decreasing business efficiency and accuracy.