NetSuite Supply Chain Management System (SCMS)

Supply Chain Management System

NetSuite provides businesses with the flexibility to meet customer needs regardless of where an item is produced or stored. With NetSuite’s supply chain management capabilities, businesses can easily manage the movement of goods and materials across an extended supply chain. This helps ensure that products can be delivered to customers quickly and efficiently, regardless of their location.

What is NetSuite Supply Chain Management?

NetSuite supply chain management system empowers companies to efficiently manage the entire flow of goods, from suppliers to manufacturing and ultimately to customers. This includes ensuring all necessary materials are available and in the correct locations, as well as accurately scheduling machinery and labor resources to keep production running smoothly. With NetSuite’s procurement capabilities, companies can easily communicate with suppliers and ensure accuracy throughout the purchasing process. The integrated demand planning, inventory management, and predictive analytics tools help optimize production strategies, while work orders and routing ensure supply plans are executed and products are delivered on time.

Single System, Real-Time Updates

NetSuite supply chain management system provides real-time recording and updating of production data, financial reports, inventory, and outstanding orders. This ensures that procurement, planning, and production systems are all operating with the same accurate and up-to-date information. By having a single source of truth for all supply chain data, companies can make more informed decisions and respond quickly to changes in demand or supply.

NetSuite Supply Chain Management Benefits

Increased Profitability: Reduce expenses related to planning and executing supply chain operations with NetSuite supply chain management system.

Improved Cash Flow: Improve your production efficiency and minimize inventory costs by utilizing NetSuite’s demand planning and production planning capabilities.

Reduce Risks: Improve risk management by using predictive analytics to identify potential supply chain disruptions, and use scenario planning to develop appropriate response strategies.

NetSuite Supply Chain Management Features

Improve production planning and execution by gaining insights into customer demand, allocating resources efficiently and scheduling production to ensure timely delivery of products to customers.

NetSuite supply chain execution simplifies the complex process of production by integrating required and available inventory, procurement, labor and machinery availability. This ensures that all components are accounted for, enabling production to proceed without delays. By automating these complex planning and project management tasks, employees can focus on other important areas of the business.

Using scanners and mobile devices in the manufacturing process can significantly improve data accuracy and eliminate manual errors. This leads to a consistent, high-quality product being produced.

With a centralized database, procurement, planning, and production systems can update inventory and production data, financial reports, and outstanding orders in real-time, all in one place. This ensures that all teams are operating on the same accurate data, leading to better decision-making and smoother operations.

NetSuite Supply Chain Execution Benefits

Accurate COGS: Record labor and scrap usage in real-time to ensure accurate calculation of cost of goods sold (COGS) and improve overall cost management.

Improved Communications:  Standardizing and sharing production plans, work instructions, and costing information between production and development teams helps ensure that everyone is on the same page and has access to the most up-to-date information.

Defined Manufacturing Process: Determine the required resources for manufacturing, including estimated timeframes and costs.

Consistent Product Quality:  To ensure consistent product quality, it is important to inspect raw materials and conduct ongoing reviews during the production process. This helps to identify any potential issues early on and address them before they affect the final product.

Supply Chain Execution

NetSuite’s supply chain planning module provides businesses with the tools needed to balance supply and demand in the most efficient way possible. By utilizing inventory management techniques and demand planning strategies, businesses can optimize lead times and service levels while minimizing excess inventory. The module’s scheduling engine and predictive analytics enable businesses to make informed decisions based on real-time data, allowing them to keep production running smoothly and ensure product availability.

Improving supply and demand planning accuracy is crucial for meeting customer expectations and avoiding stock-outs, missed sales, and customer dissatisfaction. By leveraging advanced analytics and forecasting techniques, businesses can gain a better understanding of market trends and customer demand patterns. This enables them to optimize their production schedules, inventory levels, and distribution networks to ensure that products are available as promised, while minimizing excess inventory and associated costs.

Supply planning optimizes inventory levels by accounting for all inventory across all locations, allowing businesses to use stock more efficiently, reduce carrying costs, and minimize overhead expenses.

Ensure smooth production processes by accurately scheduling machinery and labor resources and ensuring all necessary materials are available in the correct locations.

NetSuite Supply Chain Planning Benefits

Grow Customer Loyalty: Ensure timely delivery of orders to increase customer satisfaction.

Increase Profitability: Maintain optimal inventory levels to meet customer demand while avoiding overstocking or stockouts.

Maximize Production: Ensure smooth production processes by ensuring timely availability of all required materials, machinery, and labor in the correct locations.

Eliminate Excess Inventory: Ordering based on demand helps to reduce excess inventory and carrying costs associated with holding inventory that sits on the shelf.

Supply Chain Control Tower

The Supply Chain Control Tower tool provides simulations of inventory supply and demand, helping logistics teams plan inventory purchases and production based on accurate forecasts. It includes simulations for both inventory and assembly/bill of materials items, and can show the running balance of inventory based on sales orders and future stock levels. Predictive risk tools are also included to help planners understand how actions may impact future business processes.