NetSuite 2024 Release 2 brings numerous enhancements for Manufacturing, Warehouse, and Supply Chain Operations.

NetSuite Upgrades Benefits for Manufacturing, Warehouse and Supply Chain Operations

Key Benefits for Manufacturing Companies

1. Enhanced Cash Management

1. • Benefit: Improved cash forecasting and visibility.
   • Advanced cash management tools allow manufacturing companies to better predict their cash needs and optimize liquidity. By automating cash management processes, companies can reduce the risk of cash shortages and make more informed financial decisions.

2. Automated Intercompany Accounting

1. • Benefit: Simplified accounting for multiple subsidiaries.
   • Manufacturing firms often operate across multiple regions and subsidiaries. Automated intercompany accounting reduces manual entries and errors, ensuring accurate financial consolidation. This enhances compliance and financial transparency.

3. Supply Chain Control Tower

1. • Benefit: Comprehensive supply chain visibility.
   • The enhanced control tower provides real-time insights into supply chain operations, helping companies to proactively manage disruptions and optimize inventory levels. This leads to more efficient production planning and improved customer service.

4. Improved Demand Planning

1. • Benefit: Better alignment of production with customer demand.
   • Advanced demand planning tools enable manufacturers to forecast customer demand more accurately. By aligning production schedules with demand forecasts, companies can reduce excess inventory and avoid stockouts, leading to cost savings and increased customer satisfaction.

5. Warehouse Management Enhancements

1. • Benefit: Streamlined warehouse operations.
   • The updated warehouse management system (WMS) includes improved inventory tracking, picking, and packing processes. This ensures accurate order fulfillment and reduces operational costs by minimizing errors and improving efficiency in warehouse operations.

6. Real-Time Production Monitoring

1. • Benefit: Increased production efficiency.
   • Real-time monitoring tools provide insights into machine performance and production bottlenecks. By identifying issues early, manufacturers can optimize production schedules, improve equipment utilization, and reduce downtime, leading to higher productivity.

7. Advanced Manufacturing Mobile App

1. • Benefit: Enhanced mobility and responsiveness.
   • The mobile app supports access to critical manufacturing data on the go. Shop floor managers can make quick, informed decisions, improving responsiveness and agility in operations. This mobility ensures that issues are addressed promptly, minimizing production delays.

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