For many manufacturers, the rise of the cloud has been a true renaissance. Where there once was an industry dominated by Goliaths (and few opportunities for the Davids out there) now stands a level playing field where giants and small businesses alike can excel.
According to Aberdeen, leading manufacturers are more than three times as likely to be using on-demand and SaaS models for their technology deployments than industry followers. Mint Jutras also reports 82 percent of manufacturers think digital technology has the potential to “fundamentally change the way we do business.” Still, 85 percent think digital technology is “truly transformative” in how they connect operations to systems (i.e. ERP). For many manufacturers, that “transformative” move to the cloud was made possible by NetSuite’s cloud-native ERP solution.
Investing in NetSuite is a strong start to modernizing your ERP processes, but it’s only half of the equation for true transformation. Most successful manufacturers know at times it’s necessary to push beyond NetSuite’s out-of-the-box configurations and strategically tailor NetSuite to their unique business needs through customized reporting, dashboards, integration, and more.
When NetSuite is truly optimized for manufacturers, organizations can focus their resources on perfecting their products and scaling their business instead of getting bogged down by the technology.
Here’s a closer look at how manufacturing leaders are optimizing NetSuite for transformative business growth:
To optimize the integration process, manufacturers need expertise in assessing the scope of their NetSuite integration process, reviewing business requirements, and determining if customizations are needed to better support the company’s business goals in such areas as workflows, scripting, and application packaging and distribution. Bear in mind, customization should never be done for customization sake.
Optimized Financials and Reporting
The value of optimized, personalized reporting cannot be overstated. Many manufacturers opt to customize and enhance their reporting dashboards for specific executives and managers and tailor them to their unique KPIs. With the right configurations in place, NetSuite can deliver increased visibility and real-time reporting and analytics for your manufacturing operations, customer activity, customer service, inventory and supply chain, purchase price variance, procurement, financials, financial ratios, gross profit, sales & operations, sales activity and vendor performances.
Optimizing Customer Relationship Management
As the saying goes, “the customer is always right,” and for manufacturers, that means it’s absolutely critical to provide the best customer experience possible. With NetSuite, CRM optimization is attained through customization, allowing manufacturers to choose which KPIs they’re tracking for their business, making sure they’re geared to their unique challenges and objectives.
Even with all the right pieces in place, efforts to fully realize the potential of NetSuite solutions can still fall short. For many manufacturers, the difference frequently comes down to time, resources, cost, and/or experience. If your organization simply doesn’t have the time or resources to optimize NetSuite, a partnership with a Managed Services Provider (MSP) could be the right solution for you.
An MSP can help your company overcome optimization challenges while giving your team more time to focus on more strategic business efforts, rather than getting bogged down with IT processes. Learn more about optimizing NetSuite for manufacturing in this complimentary eBook:
And drop us a line to get started optimizing today. We’d love to learn more about your businesses challenges and how we can help.