The significance of embracing emerging technologies in the manufacturing industry cannot be over-emphasized. Innovative technologies are taking the world by storm and reshaping manufacturing business models, which can no longer be supported by traditional business systems.
NetSuite understands that modern manufacturers need to be connected to keep up with industry changes. Designed for smart, intelligent manufacturing, NetSuite’s ERP software facilitates innovative technologies such as the Internet of Things (IoT) to help manufacturers stay ahead of their competition.
Forward-thinking manufacturers have realized that they can only thrive if they look towards the future. They are changing their approach to business processes, and experimenting with new ways to deliver innovative products and services to their customers.
The Impact of Industry 4.0 on the Manufacturing Industry
Known as the Fourth Industrial Revolution, Industry 4.0 is a representation of innovative technologies that are transforming the manufacturing industry. As the manufacturing industry evolves, there is a need to reinvent business models and processes by adopting an innovative approach.
Leveraging innovative technologies can equip manufacturers with an advantage over their competitors by replacing traditional manufacturing methodologies with improved intelligent systems. By incorporating technologies into their processes, manufacturers will benefit from real-time predictive maintenance, optimized manufacturing processes, and so much more.
The Benefits of Using Manufacturing ERP Software
ERP software, such as NetSuite, is a powerful tool for manufacturers. Here are some of the many benefits that a manufacturing ERP solution offers:
- Transparent operational control
- Optimized manufacturing processes
- Complete visibility of your supply chain
- Reduced costs and increased resource utilization
- Increased employee productivity
- Predictive maintenance
- Real-time data visibility
- More informed data-driven decision-making
NetSuite ERP Software for Manufacturers
NetSuite ERP is not your typical ERP software. This global, cloud-based ERP platform was designed for the modern manufacturer. NetSuite ERP for manufacturers is a complete, scalable and flexible cloud solution designed to accommodate industry-specific manufacturing business needs. Engineered to scale with businesses as they grow, NetSuite’s ERP software is suitable for high-growing, mid-sized, and large enterprises.
From production control to supply chain management and beyond, NetSuite’s ERP solution gives manufacturers a more holistic view of their business. It provides the tools businesses need to accelerate growth and drive innovation.
Features of NetSuite ERP Software for Manufacturers
- Product Data Management: Manage all your product data in one place, simplify product design processes, and reduce time-to-market for new products.
- Order Management: Use inventory more efficiently, reduce shipping costs, and improve customer experience.
- Planning and Scheduling: Automatically balance demand and supply, ensuring you have inventory in the right place at the right time.
- Procurement: Manage your vendors and purchasing processes with the visibility to ensure you get the best price and delivery combination.
- Production Control: Create, release, update, and monitor work orders throughout the production process.
- Supply Chain Management: Control and monitor your outsourced manufacturing processes as easily as if they were your own.
- Shop Floor Control: Get real-time updates from the shop floor via NetSuite’s interactive tablet application and traditional barcoding.
- Quality Management: Define inspection plans, pass/fail criteria, collect results and monitor in real-time.
- CRM: Powerful CRM capabilities that drives the complete customer lifecycle and strengthens customer relationships.
The Advantages of Integrating your ERP and CRM Systems
Integrating your ERP and CRM systems combines all your business functions into one system, ensuring consistency of your data. Centralized data makes it easy to share information across multiple departments.
Commercient SYNC, the #1 data integration platform for sales, seamlessly integrates and facilitates automated data exchange between your ERP and CRM systems. ERP data such as customer information, sales history, serial numbers, inventory, terms, ship to and bill to addresses, etc., can be accessed directly within the CRM. New sales, accounts and invoices are integrated from CRM to ERP.
With the sales and accounting systems connected, the risk of data duplication and errors will be greatly reduced. SYNC increases the speed at which data is exchanged, ultimately improving customer service efficiency and employee productivity.
Furthermore, Commercient’s IoT Pulse provides you with a multitude of internet app integration possibilities for your ERP system. From eCommerce platforms such as Shopify and Magento, and CRM systems such as Salesforce, Daylite, and many more, the IoT Pulse app can connect your ERP to the internet and to over 1,100 apps.
In addition, many business processes are streamlined and automated, and the extended access to data will give your business a competitive edge, and revolutionize the way you do business.
NetSuite ERP 3rd Party Integrations
- Zoho CRM
- Microsoft Dynamics CRM
Supported Manufacturing Business Models
From fast-growing start-ups to global enterprises, NetSuite ERP powers innovation and growth across a variety of industries, including:
- Consumer Packaged Goods
- Electronics and Hi-tech
- Fashion and Apparel
- Fast Growing Manufacturer
- Food and Beverage
- Furniture and Home Goods
- Health and Beauty
- Kids and Baby
- Life Sciences
- Medical Device
Incorporating technologies into manufacturing business processes has become essential for survival. Future-proof your manufacturing business with NetSuite and Commercient SYNC data integration, and take your manufacturing operations to the next level.
About the Author
Anna Kinnear is a Sage Financials Consultant at Edgeware, and holds a Bachelor’s Degree in Accounting Science from the University of South Africa. She has always had a passion for reading and writing.