Cloud Capabilities/Next-Generation Features Deliver Unprecedented Benefits This dramatic growth is fueled in part by the maturation of cloud technology for manufacturers, which several years ago was not widely considered viable because cloud solutions lacked the deeper functionality of their on-premise counterparts. That has changed with NetSuite's aggressive development and delivery of key capabilities for manufacturers.
New manufacturing functionality. Recent enhancements in manufacturing include: routing and scheduling, allowing production managers to define scheduling parameters such as setup time and run rates for each operation; creation of complex assemblies with multiple steps; and roll-up of standard costs and work-in-process inventory tracking with new multi-step functionality, enabling manufacturers to more closely manage work-in-process inventories to minimize inventory holding costs, prevent stock-outs and maximize efficiency.
NetSuite supplies a cloud solution covering such manufacturing-specific needs as shop floor and project control, multi-site and multi-division operations and warehousing, demand planning, production engineering, lot and serial control, standard costing, bill of materials and assembly builds.
Global business footprint. The NetSuite OneWorld global business solution enables manufacturers to manage overseas factories and subsidiaries, execute global financial consolidation, transact business in more than 190 currencies, communicate in nearly 20 languages and comply with local tax regulations in nearly 50 countries.New multi-channel distribution. NetSuite SuiteCommerce makes it easy for manufacturers to seamlessly merge and open new direct-to-consumer, as well as traditional direct-to-distributors sales channels, operate secure self-service portals for B2B partners and customers, and leverage machine-generated data to efficiently automate replenishment with machine-to-machine commerce. Complete real-time visibility into costs and customers. NetSuite delivers real-time visibility into sales, inventory, customers and more to enable manufacturers to make data-driven business decisions and adapt swiftly to opportunities and threats. Rich customizability. The NetSuite SuiteCloud platform provides a robust environment to customize the solution to meet unique business needs; all customizations seamlessly carry over with each periodic NetSuite upgrade, eliminating concerns that plague users of on-premise systems that customizations will be lost with an upgrade. NetSuite Autodesk Integration Drives Manufacturing Innovation NetSuite's strategic alliance with Autodesk, a leader in cloud-based design and engineering software, delivers a bi-directional integration of cloud-based ERP with cloud-based PLM, giving manufacturers a single, closed-loop solution to accelerate product design and development, reduce risk of errors and delays, streamline supply network collaboration, and gain critical real-time visibility into pricing, scheduling, capacity and profitability. Autodesk, which delivers a next-generation cloud-based product lifecycle management solution, is the latest ISV to partner with NetSuite to deliver manufacturing-specific value-added solutions called SuiteApps ( www.suiteapp.com) to extend NetSuite with specific capabilities. Scalability for growth. NetSuite supplies a proven and trusted platform for rapid growth. "We could grow to become a $500 million company and NetSuite would scale with us. We know we have a solution we can rely on to accommodate our growth," said Damon Green, VP and CFO at Flogistix, a manufacturer in the energy industry. "We're anticipating significant growth and NetSuite provides a flexible solution that works with us in that growth mode," said Tom Seaver, CFO at Insulation Manufacturer PrimaLoft™. The NetSuite solution is increasingly used by such manufacturers as GoPro, RedBuilt, Speck, and Viridis Energy to gain a competitive advantage over rivals that labor on with on-premise, legacy, out-of-date systems. For instance, a study by Nucleus Research found that manufacturers running NetSuite reduced inventory costs by 20 percent and increased sales by up to 25 percent. NetSuite's complete, integrated business solution complements manufacturing-specific functionality with order and inventory management, fulfillment, financials and accounting, CRM, services automation, Ecommerce and more, eliminating the pain and inefficiency of maintaining multiple disparate systems. With NetSuite, leading manufacturers are raising the bar for innovation and agility while liberating staff from inefficient manual work and channeling resources into such value-added activity as R&D, supply network optimization, and customer service and support.