NetSuite is the business management software for brownfield and greenfield manufacturing industry 4.0. Disrupt the manufacturing value chain through digitalisation.
It has become vital to combine data, integrate systems and processes, and make decisions based on cross-functional information. NetSuite’s industry leading platform offers the power and flexibility you need to support the evolution of your business allowing you end-to-end optimisation and manage complex business processes.
In such a competitive environment, manufacturers need great agility to innovate and satisfy an increasingly demanding customer, but they also need their internal processes to be able to keep up pace of a constantly changing environment.
A company’s success in the era of Industry 4.0 depends on digital transformation. The business model, production system, and eventually the company itself all need shaping from a digital perspective. In the manufacturing industry productivity lever has constantly changed, transforming the value chain and impacting business models. Digital transformation is the way to master transition to Industry 4.0. Its technologies offer two profit opportunities: falling costs and rising profitability.
Both brownfield and greenfield manufacturers must act to capture the potential of mastering the managerial challenges posed by the disruptive technologies to:
Understand the changing competitive dynamics to achieve operational effectiveness in an always evolving ecosystem;
Gain agility and adapt to new business models resulting from shifting value pools;
Build the foundations for the digital transformation of the company;
Many factories are still organized in functional silos – for example, their supply chain management does not take direct customer feedback into account. Nowadays is becoming vital to combine data, integrate systems and processes, and make decisions based on cross-functional information.
Digital backbone to have a single point visibility; real-time process self-adjustment; remote monitoring and management.
And obtain increased agility/flexibility; increased productivity; increased collaboration
NetSuite for Manufacturing
Challenges cannot be overcome without information, and digitalisation is the way of obtaining and benefiting from it. A big data and analytic approach can lead to a 20 to 25 percent increase in production volume and up to a 45 percent reduction in downtime. Cloud computing is the accepted business architecture of today and tomorrow. NetSuite frees you to focus on innovation rather than the burden of maintaining hardware and software.
Information leakages lead to inefficiency. Software apps and infrastructures, such as NetSuite, enable agile processes and new revenue streams. Technical infrastructure must be tailored to make centralised cloud model work in tandem with millions of “things”, machinery, inventories, production process, running apps, machine learning and share information in real time, not only across the value chain but beyond. From production to sales, distribution, financials and others, so companies have one source of truth -data- to create a holistic view of the end-to-end process.
By automating the entire product lifecycle management, quote-to-cash and plan-to-report processes, NetSuite helps manufacturers:
- Eliminate the use of error-prone spreadsheets.
- Reduce time to market of new products.
- Improve order processing efficiency.
- Closely monitor and control costing.
- Deliver better quality products.
- Reduce IT support and resource costs.
- Speed up the financial close process.
- Improve support and services productivity.
- Gain controls critical for compliance activities.
- Setting up cross-functional governance and steering;
- Enabling collaboration in the ecosystem
Digital transformation for manufacturing eliminates inefficiencies to increase operational effectiveness and maximise value. It also gives the freedom to make the right strategic decisions and reinvent your business model, preparing you to stay competitive edge in the global manufacturing market of the future.
NetSuite’s industry leading platform offers the power and flexibility you need to support the evolution of your business allowing you end-to-end optimisation -from raw material/product all the way to the customer satisfaction- and manage complex business processes such as engineering, planning, forecasting, procurement, manufacturing, supply chain, order management, warranty and repairs, after sales support and product data management, just to name a few, improving time to market, asset usage, customer care, supply/demand match, inventory, workforce, quality and resource planning.
Key Area Functionality
Contact us about your Industry 4.0 solution needs
Whether you want to improve management of a traditional plant, smart automated, customer centric or e-plant, we can help. Contact us or call on 0115 758 8888.