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Managing a Manufacturing Business With NetSuite Transforming Your Business With the Cloud.

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Presentation on theme: "Managing a Manufacturing Business With NetSuite Transforming Your Business With the Cloud."— Presentation transcript:

1 Managing a Manufacturing Business With NetSuite Transforming Your Business With the Cloud

2 Who is NetSuite? 10,000+ Organizations Top 10 highest growth Financial solution according to Gartner and IDC Grew revenues 25% over past 2 years NetSuite runs NetSuite $164M in recurring revenue Top 10 Cloud Companies to Watch Fastest Growing Top 10 FMS Vendor Founded 1998 Public, NYSE: “N”, since 2007 Second largest public SaaS company Offices in 8 countries $190M+ revenue, 1000 employees Semi-off shored finance organization #1 Cloud Business Suite Recognition BackgroundHigh Growth NetSuite ERP

3 The Evolution of a Manufacturing Business MRP Sales Order Management Accounting Warehousing

4 …Leading to Pain for Manufacturers Business Complexity & Inefficiency Incomplete Business View Lack of Timely, Necessary Info Cost of Business Out of Control 4© NetSuite for Manufacturing

5 CEO MFGCRM+ FINANCIALS / ERP CFO Sales Rep/ Manager Ecommerce Manager Production Manager Shipping Manager Customers Vendors Partners SINGLE DATA SOURCE The Suite Solves Issues Created by the Manufacturing Hairball

6 6 Streamlined, Dynamic Processes Complete Business View Anytime, Anywhere Access Low Costs of Operations NetSuite Enables the 21 st Century Manufacturing Business © NetSuite for Manufacturing

7 Manufacturing Requirements Driving Profitable Growth of Your Business 7 Run the Business Profitable Growth Focus on the Customer Manufacturing Excellence Strategic Business Goals  Support for all business processes  Designed for mid-size and fast-growing Manufacturers  Integrated inventory, work orders, forecasting  360 o view  VMI and fulfillment  Renewals and retentions  Demand planning  Integrated MRP  Actual costing and backflush  Pricing and cash management  Integrating demand and inventory  Reduction of IT expenses  Real-time dashboards  Complete information  Industry’s best practices Run the Business Profitable Growth Focus on the Customer Manufacturing Excellence Strategic Business Goals © NetSuite for Manufacturing

8 Handle Your Complete Manufacturing Complete Manufacturing Suite in the Cloud Global multi-plant, multi-site management Production engineering with ECC Demand planning/forecasting Materials requirements planning (MRP) Costing Subcontract Project-based Shop Floor Scalable for large manufacturers Over 3,000 customers who manage multiple locations Over 100 customers who manage over 50,000 SKUs 20 customers have over 250,000 items in the system 8© NetSuite for Manufacturing

9 Platform Drives Rich Vertical Solutions MFGCRM+ FINANCIALS SINGLE DATA SOURCE SINGLE DATA SOURCE MRP Payment Processing Ecommerce Self-Service SFA Marketing Automation Order Management Commissions Inventory Warehousing Fulfillment Costing 9© NetSuite for Manufacturing

10 NetSuite Delivers Tangible Benefits for Manufacturers Improvement areaBusiness Result Improved InventoryCustomers using NetSuite reported inventory carrying reductions of an average of 20 percent. Improved Purchasing Productivity Manufacturers using NetSuite were able to improve the productivity of purchasers by an average of 35 percent. Reduced IT CostsNetSuite often displaced at least two on-premise applications and their related support costs. Improved SalesManufacturers on NetSuite reported sales increases of up to 25 percent as a result of improved e-commerce capabilities, increased customer satisfaction, and more productive, informed salespeople. Improved MarginsVisibility into pricing, availability, and demand, and the ability to quickly make price adjustments by product or class, enabled customers to actively manage margins, both in purchase negotiations and sales © NetSuite for Manufacturing 10 Source: Nucleus Research

11 NetSuite’s Manufacturing Success Powering Hundreds of Manufacturing Customers 11© NetSuite for Manufacturing

12 Within the first year after deploying NetSuite to manage our multi-national manufacturing business, we were able to reduce excess inventory by over $1 million. ‘‘ ‘‘ David Duff Chief Financial Officer Xtellus

13 Learn More About NetSuite © NetSuite for Manufacturing13


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