Netsuite for Manufacturing Sector - The Final Industry Moving to Cloud
For manufacturing companies, the cost of labor is minimal compared to the cost of buying parts, managing supplies and bringing together components and services from vendors spread across multiple geographical locations. Legacy systems are not equipped to handle the complexities of today's dynamic markets which need a more nuanced and integrated approach to enterprise planning.
Manufacturing, which has been described as "the final industry to come to cloud" by none other than Netsuite CEO, Zach Nelson, has much to gain by turning to cloud applications for managing their day to day business operations. Netsuite for manufacturing is definitely targeting manufacturers of "discrete products" which can be defined as products that are quantified in units, like pen, pencil, car, television sets and not by volume, like paint, oil, ink and so on.
Roman Bukary, head of Netsuite's manufacturing and wholesale distribution business, says, "Beyond that, we're specifically looking at those companies that make complex device that combine software and technology".
Netsuite for manufacturing Sector
- Manufacturing companies have access to scheduling parameters which define the time it takes to prepare a device, machine, process or system between production runs
- Run rate, which is defined as machine output over a period of time, fore example, 40, 000 units of pencils per hour
- Runtime Work in progress and inventory which helps in scheduling manufacturing and preventing stock outs
Inventory planning is an important function in any manufacturing company as it keeps the assembly line going. Any interruption in the smooth and ceaseless working of the assembly line can cascade into time and cost overruns for the company. Netsuite focuses on demand based planning and predictive forecasting to prevent any interruption to work scheduling arising from stock out situations.
Since updates are made on a real time basis the manufacturer can now have access to real time inventory data and prevent untimely stock outs.
Inspirria cloudtech provides timely Netsuite implementations to businesses in the manufacturing sector. With more than 250 plus Netsuite implementations and 99% retention rate businesses are ensured of the most value for money and professional installation time after time.