Press Release Summary:
NetSuite Manufacturing Edition supports multi-company, multi-plant, multi-location, and multi-currency enterprises and provides real-time visibility into all aspects of operation. Product can be adapted to complex manufacturing processes from light assembly to discrete manufacturing. Multi-site planning and management, material requirements planning, engineering change control, and production management functions are included and program also facilitates shop floor and project control.
Original Press Release:
NetSuite Delivers First Cloud Manufacturing Suite Designed to Run Global, Mid-Size Business Operations
NetSuite Manufacturing Edition Offers Dramatic Cost Reductions, Productivity Gains for Mid-Size Manufacturers Eager to Move Operations to the Cloud
SAN MATEO, Calif. - NetSuite Inc., (NYSE: N) a leading vendor of cloud computing business management software suites, today announced the NetSuite Manufacturing Edition, the first and only cloud manufacturing suite designed to help fast-growing and mid-size manufacturers run their global business operations with greater agility and visibility, including comprehensive support for the multi-company, multi-plant, multi-location and multi-currency enterprise. Key functionality in NetSuite's new manufacturing solution includes multi-site planning and management, material requirements planning (MRP), production management, engineering change control (ECC), shop floor control and work-in-progress (WIP) management. For more information about the NetSuite Manufacturing Edition, please visit www.netsuite.com/manufacturing.
NetSuite has led the industry in providing cloud business management solutions for complex, highly competitive vertical industries, including wholesale / distribution and light manufacturing. The release of NetSuite Manufacturing Edition builds on this expertise and experience and enables companies using NetSuite to address specific needs of global manufacturers.
Built on the world's leading cloud computing business suite, NetSuite Manufacturing Edition delivers the deep functionality required to support the fast pace and global reach that characterize today's manufacturing operations, resulting in dramatic cost savings and productivity gains while enabling manufacturers to replace their current archaic and expensive on-premise manufacturing systems.
"While some vendors make promises about cloud-based products that don't live up to their hype, and others build niche tools for manufacturers, only NetSuite delivers a complete manufacturing suite from the cloud that is available and running today," said Jim McGeever, CFO of NetSuite. "With NetSuite, manufacturers now have the suite they need to move their key operations to the cloud and reap the many productivity and cost reduction benefits cloud computing has to offer."
Manufacturers Face Numerous Challenges
Manufacturers today must contend with intense cost pressures, relentless competition, global expansion challenges and rapidly changing customer demand. Obsessing over the delicate details of integrating separate software for sourcing, fulfillment, inventory, accounting, and customer service produces no value, and instead introduces unnecessary complexity and inefficiencies requiring the care and feeding of costly IT resources.
To help manufacturers survive and thrive, NetSuite Manufacturing Edition delivers the following key capabilities and benefits:
- Seamless management of global businesses, including comprehensive support for the multi-company, multi-plant, multi-location and multi-currency enterprise, with instant real-time visibility into all aspects of operation
- A fully integrated cloud computing enterprise management system which enables manufacturers to establish new locations with no need to build expensive server farms or virtual private networks in each new territory, slashing the huge costs associated with conventional IT for on-premise software
- A flexible, customizable business platform easily adapted to complex manufacturing processes from light assembly to discrete manufacturing, which can be quickly retooled as enterprise demands evolve
"After deploying NetSuite to manage our multi-national manufacturing business, we were able to reduce excess inventory improve margins and improve our overall global business," said David Duff, CFO of Xtellus, a manufacturer of fiber optic networking components with operations in South Korea, Israel and the US.
"With the NetSuite Manufacturing Edition, all our subsidiaries are rolled up in one system, giving us an operational bird's eye view and increased operating efficiencies," said Ian Elliott, CEO of CertiCell, a leader in the repair and deployment of wireless devices. "It is difficult to imagine a more cost effective solution capable of matching the performance we are now experiencing."
The core functionality for the NetSuite Manufacturing Edition was developed by Rootstock Software on NetSuite's SuiteCloud and NetSuite OneWorld technology platforms. NetSuite Manufacturing Edition delivers all the power and capabilities needed to run today's finely-tuned production businesses, including:
- Material Requirements Planning
- Production engineering
- Shop floor control
- Manufacturing Inventory Control
- Manufacturing cost control
- Project control
- Lot and serial control
- Multi division, multi site control
For more product information, visit www.netsuite.com/manufacturing.
For more information about NetSuite Inc., please visit www.netsuite.com.