If you're like most manufacturers recently, you've experienced supply chain disruptions caused by the pandemic or global tariffs. However, businesses running NetSuite for manufacturing and supply chain management avoided much of the chaos that caused others to rethink how they source materials. Read more about recent enhancements in NetSuite 2020 Release 2 to learn how manufacturers cope with some of these challenges.
The NetSuite 2020 Release 2 gives manufacturers the agility they need to pivot quickly in a changing environment. NetSuite's capabilities are designed to bring more insight and create more efficiency in your business. It's a modern ERP solution that includes everything from manufacturing, supply planning, and allocation to warehouse management and finances.
NetSuite’s new material requirements planning (MRP) capabilities for supply planning is available to customers who are using NetSuite Demand Planning. It's redesigned with a completely new architecture. It features a dedicated planning repository that ensures you can make decisions based on timely data.
NetSuite manufacturing users get even greater insight into risks on items not shipping on time with the capabilities of Intelligent Predicted Risks. This feature has now been extended to include sales orders. Purchase orders can be marked at risk and you'll see alternate vendors based on new machine learning algorithms.
Get even more precise supply allocation by allowing inbound shipments to be with the associated purchase orders. Also, fill rate optimization intelligently allocates on-hand supply to fulfill as many sales order lines as possible.
NetSuite WMS added has the ability to receive, transfer, and pick goods from a warehouse without bins. Companies with retail stores or small warehouses will now have the ability to use hand-held picking without the overhead of managing bins.
You can now consolidate multiple invoices into a single invoice using invoice groups. This feature allows payments accepted at the group level to be applied to individual invoices. You will reduce manual grouping, increase invoice accuracy, and improve cash flow by decreasing your days sales outstanding.
If you decided to implement NetSuite, then you’re already off to a great start! It’s flexible, customizable and robust enough to help your business be more productive for the long-term. Our ERP consultants are available to help you avoid costly mistakes before your next ERP implementation.
Since 1991, Oasis Solutions has been serving businesses throughout North America with software consulting, development, training, and support. Oasis is an award-winning business management software partner for Sage software, NetSuite, and Workday Adaptive Planning.
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Our team has more than 350 years of combined industry experience. Our software specialists offer expertise in accounting, human resource management, and custom software development. Unlock your company’s full potential and discover how to start improving your business today with your custom Oasis Analysis.
If you are planning to implement a new ERP or have recently implemented an ERP, contact us at Oasis Solutions to objectively evaluate the project. We will provide value by helping you achieve the success you expected and help you grow and thrive with your business. Call 502.429.6902. Let's Chat!