Manufacturing Industry: NetSuite 2019.2 Features
The manufacturing industry is highly dynamic and competitive. It needs continuous attention during planning, production, demand forecasting, and supply. Regardless of the scale, the manufacturing industry faces challenges in the following grounds:
- Traceability and regulation
- Production development and innovation
- Gaps in manufacturing skills
- Supply chain management and quality of production
- Streamlining interdependent departments of organizations
These limitations drive businesses to have an integrated solution that connects every individual department. NetSuite is the industry’s leading manufacturing cloud ERP provider that integrates all departments and ensures smooth operations by maintaining a single database. From the shop floor to the top floor, NetSuite’s Cloud ERP keeps every manufacturing business in line with market trends and international standards.
NetSuite ERP latest features for manufacturing companies
NetSuite 2019 Release 2 for the manufacturing industry is able to overcome the challenges of limited SCM (supply chain management) and quality of production. Know the upcoming features for manufacturing business with NetSuite 2019.2.
Supply chain control tower and snapshot simulations:
Supply chain management and snapshot simulations are significant in the manufacturing industry. These two new features of NetSuite 2019 Release 2 helps in managing complex supply chain operations. They provide unparalleled visibility into SCM operations and enable users to avoid problems. Furthermore, it also helps in predicting risks and recommend actions to avoid disruptions.
Optimized supply allocation is another update you can expect from NetSuite 2019.2 release. Furthermore, it enables customers to optimize their use of current and future inventory to maximize profitability, service levels, and inventory management.
Multi-national language support is another challenge for growing manufacturing businesses. With the latest NetSuite 2019 Release 2 version, NetSuite manufacturing modules support all standard languages to handle international business operations.
Advanced manufacturing features:
NetSuite 2019 Release 2 improves shop floor productivity and streamlines day-to-day operations. Enhanced production Unit of Measure (UoM) features allows shop floor personnel to record production quantities in any unit of measure. Serialized components allow manufacturing operators to record data directly from the shop floor. Inventory status feature enables warehouse staff to set aside inventory for specific orders based on their status.
Quality queue customization:
Quality is a growing challenge for the manufacturing industry. Certainly, it decides the longevity of your business. With NetSuite 2019 Release 2, manufacturing business users can identify and prioritize inspection activities.
Above all, analytics are important for business growth and knowing the KPIs of business. However, analytics is not merely about collecting data. It would help the business if you can convert data into actionable items. Commerce search analytics tells manufacturers what their web customers are looking for. Prebuilt manufacturing analytics include the following new features:
- SuiteAnalytics manufacturing production workbook
- Purchase workbook
- Master scheduler analytical workbook
- Inventory workbook
Sales order guides:
This is another significant feature of the NetSuite 2019 Release 2 upgrade for manufacturing businesses. Sales order guides facilitate quicker order entry and Allergen statements for both materials and finished products. These two features are likely to benefit the food and beverage companies with their day-to-day operations.
Let’s hope for more updates and features from NetSuite to maximize the manufacturing business operations.
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