Manufacturing and supply chain businesses face immense challenges in today’s complex global economy. Fluctuating consumer demand, offshore production, intricate supplier relationships, and increasing regulation all contribute to an environment where agility and visibility are vital. This is where a modern ERP solution like NetSuite can provide invaluable capabilities.
Key Benefits of NetSuite for Manufacturing & Supply Chain
NetSuite delivers end-to-end visibility across the entire supply chain workflow. This allows manufacturers and distributors to optimize every step, from planning to production to fulfillment.
Key strengths and benefits include:
1. Unified Platform
NetSuite unifies financials, CRM, ecommerce, inventory, order management, and manufacturing in a single cloud platform. This eliminates siloed systems and provides real-time data across the organization.
2. Production Management
NetSuite production management supports discrete, process, and mixed-mode manufacturing. Features like work orders, routing, quality management, and shop floor integration empower efficient manufacturing.
3. Inventory Optimization
NetSuite provides dynamic inventory management and optimization. This enables you to minimize carrying costs while avoiding stock-outs and production downtime.
4. Procurement & Supplier Management
With NetSuite, you gain complete control over procurement and supplier relationships. Enhanced visibility leads to better coordination and accountability.
5. Quality & Compliance
Robust quality control and lot traceability enables manufacturers to meet industry regulations out-of-the-box. Customizable inspection plans and CAPA enhance compliance.
6. Multiple Entity Management
NetSuite OneWorld supports multi-site, multi-country operations with capabilities tailored for global businesses including global control, complicated tax requirements, and multi-subsidiary management.
Key NetSuite Manufacturing Features
NetSuite packs in tons of features that enable manufacturers to optimize production control while adapting to changing market conditions.
Assembly Management
With assembly management, manufacturers can leverage bills of material (BOMs) and build products from components through flexible assembly workflows.
Benefits include:
- Define ingredients and build recipes for assembly items
- Issue and track components from inventory
- Customize pick, pack and shipping workflows
- Real-time visibility into available components
Work Orders and Routing
NetSuite work orders transform sales orders or forecasted demand into production jobs. Routing defines each step and required resources.
Combined, these provide manufacturers with:
- Materials/resource planning, sequencing, scheduling
- Production status monitoring
- Labor tracking and costing
- Quality recordings at each step
- Inventory controls and serial/lot tracking
Quality Management
Maintaining consistent quality is vital in manufacturing. NetSuite enables:
- Customizable inspection plans
- Inspection checklists with conditional branching
- Non-conformance workflow with recalls and CAPA
- One-to-many item sampling
Inventory Management
With NetSuite, manufacturers gain inventory optimization from multiple standpoints:
Strategic Sourcing
- Purchase requester workflow
- Blanket and scheduled purchase orders
- Supplier tracking including quality and lead times
Smart Fulfillment
- Demand planning with statistical forecasting
- Performance monitoring using KPI scorecards
- Multiple LPs/warehouses with real-time stock visibility
Control and Visibility
- Serialized/lot tracked item management
- Bin management with directed picking and putaway
- Replenishment management and warehouse transfers
Industry-Specific Features
NetSuite offers tailored solutions for key manufacturing verticals to meet niche requirements:
Food and Beverage Manufacturing
- Formula/recipe management
- Harvest batch management
- Catch weight management
- Detailed nutritions management
- Lot traceability and recall management
- FDA/USDA compliance tools
Medical Device Manufacturing
- Design controls tools like FMEA and DHF
- Serialization and UDI traceability
- Lot genealogy and recall management
- Equipment calibration and maintenance
- Complaint handling/CAPA workflows
- ISO 13485 compliance
Industrial Manufacturing
- Detailed product specifications
- Component and machine maintenance
- Job cost tracking
- Service and repair modules
- Warranty tracking
Why Choose Anchor Group for NetSuite Implementation?
Anchor Group brings an extensive track record in NetSuite implementations for manufacturing and distribution businesses across the US. With 8+ years exclusively implementing NetSuite, Anchor Group offers unparalleled value.
Deep Manufacturing Expertise
Unlike generic solution providers, Anchor Group focuses squarely on manufacturing and supply chain. This allows them to configure NetSuite to fit each client’s unique environment.
Our NetSuite consultants combine decades working inside manufacturing organizations with specialized NetSuite training. This blend of real-world experience and platform expertise produces the best outcomes.
Proven Implementation Methodology
Anchor Group follows an 8-step roadmap focused on minimizing risk and disruption:
- Assess – Map out key processes and requirements
- Design – Configure the solution design and validation plan
- Build – Construct and test the NetSuite environment
- Validate – Comprehensive system and user acceptance testing
- Deploy – Execute cutover plan and go-live
- Refine – Optimize and enhance the implemented solution
- Train – Ensure adoption through training and support
- Improve – Continual improvement identifies expansion opportunities
At each step, clients participate in iterative review cycles. This ensures alignment and readiness before moving to the next phase.
Tailored Services for Long-Term Success
To generate lasting value from NetSuite, the ideal partner should offer strategic guidance beyond just technical deployment.
As an expert advisor, Anchor Group provides:
- Ongoing training and adoption services
- Management reporting and KPI enhancements
- Custom integrations to fill functional gaps
- Regular optimization checkups to ensure ROI
In essence, Anchor Group enables clients to unlock NetSuite’s full potential while preparing for continued growth.
The Ideal Solution for Manufacturing & Distribution
Modern manufacturing involves constant change and complexity at scale. NetSuite provides an agile platform to control all aspects while driving efficiency gains. And with Anchor Group as an implementation partner, NetSuite can transform your organization.
To learn more about realizing NetSuite’s benefits in your environment, contact Anchor Group today.
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