The supply chain is an integral part of any organization. In today’s fast-paced world, global businesses face many challenges. An inefficient system can significantly affect your profitability. The reason for this is that manual processes are more prone to errors, and the use of disparate systems makes communication and collaboration very heavy. An integrated ERP solution, such as NetSuite, can automate processes to increase operational efficiency, reduce costs and increase profitability. NetSuite ERP integrates all the key features and helps companies optimize processes. With the flexibility to meet the needs of fast-growing companies, NetSuite allows you to scale quickly with minimal effort.
Using the NetSuite supply chain module, organizations can plan, store and move materials from the first stages of acquisition to the intermediate stages of production to final delivery to customers. With NetSuite, organizations can efficiently track where the inventory is, where it was, and where it is going. Based on real-time analysis, purchasing managers can make decisions based on data. NetSuite provides a real-time display of data that affects inventory, such as sales orders, transactions, budgets, adjustments and accounts payable. With advanced inventory management and demand planning, NetSuite allows you to make the right decisions while increasing delivery rates on time.
Critical features of NetSuite ERP
Supply chain control point
Decision-makers want them to track the entire global supply chain on one page, so they can quickly identify potential problems. Thanks to the function of the control tower, NetSuite provides a temporary phase of the general description of current and future stock positions throughout the global supply chain.
NetSuite allows you to have the appropriate inventory balance between meeting your expected demand. NetSuite offers several methods to calculate, and forecast needs to be based on historical trends, open opportunities and sales forecasts entered or imported manually.
Supply chain management
NetSuite allows you to maintain the perfect balance between supply and demand. After assessing the needs and creating a plan, the process of creating a purchase, work and transfer orders begin.
- With the purchase order management function, you can easily create and manage suppliers, purchase orders, receipts and all other related transactions.
- The ability to manage transfer orders offers you the ability to generate transfer orders between your company’s offices.
- Work orders can be created and managed using the planning mechanism and distributed among all branches and branches. No matter where your product is manufactured, you have full access to production information.
Quality management system
NetSuite allows companies to define inspection plans to determine how to test the product, as well as acceptable parameters and additional information. Roleplay panels for quality managers, engineers and inspectors help maintain quality standards.
The specification functionality (BOM) in NetSuite allows users to efficiently manage the specifications of the elements with which they are associated to reduce engineering equipment overhead. With support for multiple specifications, NetSuite will enable companies to recover components locally.