Netsuite company has introduced supply chain management software as a module of Netsuite ERP system.ERP system is integrated all the core functions of a business into one system. Supply chain management software is a key feature of a Netsuite ERP system. In this blog, we are going to explain a wide range of explanations regarding NetSuite supply chain management software from start with basic details for helping to understand very well.
so, first of all I would like to tell briefly an idea of supply chain and supply chain management.
what is a supply chain?
a supply chain is stared with raw materials and ends with the final consumer. And also, it is the flow of all the functions, activities, goods, and services movements from supplier to the ultimate customer.
what is supply chain management?
Supply chain management is the managing flow of goods and information in a supply chain. That includes Raw materials, Work in progress goods, and finished goods.
Now you have an idea about supply chain management. Next, you can identify what supply chain management software is and what benefits SCM software, and the core features of having better supply chain management software. In the below section, you will have a better knowledge of supply chain management software. we will move on to the supply chain management software section.
What is supply chain management software?
We can say supply chain management is the main part of your business. Because supply chain management is an essential and valuable function of a business. It can automate and digitize the functions of a supply chain. It could eliminate traditional paperwork and Supply chain management software helps to gain clear visibility throughout your supply chain. It means it can manage and control whole parts of your supply chain. Such as planning, forecasting demand, purchasing, inventory management, distribution operation, warehousing, supplier, and customer relationship management, etc. With the supply chain software, you can streamline your supply chain with smooth operation.
Most of the time supply chain software is offered as a core feature of an ERP system. But there are many supply chain software available in the market as single software. To challenge competitors and survival your business you need to adopt a digital platform to your traditional supply chain. It will be a turning point in your business success story.
What benefits of supply chain management software?
- Minimum number of errors
- Reducing shipment cost
- The smooth operation of the supply chain network
- Enhance Compliance rate
- Enhancing business profit
- Supply chain efficiency increasing
What are the common features of supply chain software?
- Demand planning
- Inventory management
- Order management
- Warehouse management
The above sections gave you brief and valuable introductions to the supply chain management system. so you can easily absorb what NetSuite supply chain management software is? let’s move on to NetSuite supply chain management software.
What is the NetSuite supply chain management system?
Before explaining about Netsuite supply chain management software I think it better to get an idea about the Netsuite company. It is the most popular ERP software solution provider the in the world. Here are some interesting details regarding Netsuite company you should know. Because before the selecting right supply chain management system for your company you should do research and analysis about the software solution provider.
what is Netsuite?
It is the latest version of the ERP software of Oracle company. Oracle NetSuite ERP system is integrated all core functions in the business management process into a single system. Which is automating core processes effectively and real-time information supporting the enhancement of financial and operational processes in an organization. It has more experience in providing full-suite cloud-based ERP applications.
NetSuite company is founded in 1998, in California, United States. It has a long history as well as more experiences. Below i would like to mention history in brief.
More than 190 currencies
Over the 27 languages
more than 32,000 Customer
217 countries and territories
Now you have a better knowledge of NetSuite company. so you can decide on a good software solution company in the world. Netsuite is a leading company in the ERP solution industry. So you can trust NetSuite company as a better solution provider for the software industry. Next, we move on to Netsuite supply chain management software in details. This information definitely helps you to select the right supply chain management software for your business.
Netsuite Supply chain management software
For a smooth production operation, you need to confirm the right materials at the right place in the right place. And also need to ensure that resources availability both machinery and labor at the right place and right time. It is not an easy task. Supply chain management is a complex and responsible part of a business.
To eliminate the paperwork and increase supply chain efficiency need to introduce a digital platform called a supply chain management system or supply chain management software.
NetSuite Company has introduced NetSuite supply chain management software as a module of the NetSuite ERP system. To mitigate risks associated with the supply chain, and also quickly identify challenges and trends you can use NetSuite supply chain management software.
Real-time information updating in one system.Recording and updating real-time data are relevant to production data, financial reports and data, inventory management, and outstanding data. Then your procurement system and planning system can be operated according to those updated data.
NetSuite Supply Chain Management Dashboard
What benefits of NetSuite supply chain management software?
There are 3 key benefits of NetSuite supply chain management software as below,
- Increase the profitability of the business
- Increase the cash flow of the company
- Reducing risks and quick response to challenges and trends using predictive analytics
Features of NetSuite supply chain management software?
1. Supply planning – a feature of Netsuite supply chain management software
helps to balance demand and supply and also cash control. And also NetSuite supply chain management software can control inventory level and product availability at the right time at places with the right resources. Netsuite supply chain management software help to a company as below,
- ensure product availability
- Optimizes inventory levels
- Production planning and scheduling
Let’s move on to the benefits and features of Netsuite supply chain planning.
Benefits of Netsuite supply chain planning
- Enhancing customer loyalty
- Increasing profit
- Maximizing production
- Eliminating and reducing excess inventory
Features of NetSuite supply chain planning
- Supply chain control tower(please refer to below video for further explanation)
- Demand planning
- Supply planning
- Capacity planning
- Production planning and scheduling
What is NetSuite Supply Chain Control Tower?: Intelligent Predicted Risk
Netsuite supply chain control tower is a simulation tool that can show a balance of the inventory level. It is based on sales orders and the status of the future stock. This tool can identify future risks associated with the business process.
The next section e will discuss what are the challenging areas that can be solved by Netsuite supply chain planning.
what challenges could be solved by Netsuite supply chain planning?
- Eliminating manual tasks in supply chain management
- sales loss due to unavailability of the goods, the reason is wrong future demand planning
- excess inventory level also due the incorrect demand forecasting and planning process. it is also solved by netsuite supply chain planning
- can be eliminated production bottlenecks
Above we have learned about netsuite supply chain management planning. The next feature of the netsuite supply chain management is supply chain execution. Let’s move on to supply chain execution
2. Supply chain execution- a feature of NetSuite supply chain management software
simple meaning of supply chain execution is when considering business supply chain plans to put into action.It helps with mobile tracking and a centralized system for procurement, planning, finance, inventory, and other functions of the business.
Let’s move on to the benefits, features, and challenges of the NetSuite supply chain execution
Benefits of NetSuite supply chain execution
- Enhancing communication in between internal staff and external parties
- Defined manufacturing process
- Product quality maintaining
Features of netsuite supply chain execution
- Product management
What challenges can be solved by NetSuite supply chain execution?
- Incomplete data processing
- Production delays
- Traditional manual processes and recording
- Keeping quality standard
What challenges can be solved in NetSuite supply chain management software?
- Stock outs
- Production delays
- Inconsistent quality
in the above section, we have identified about features of the netsuite supply chain management software. now you have better knowledge regarding netsuite supply chain management software.so you can decide if this software matches your business requirements and budget.
who are the competitors of netsuite supply management software? (supply chain management software companies)
now we get an idea of competitors of netsuite supply chain management software. When you select the right supply chain solution for your company it is necessary to do a competitor analysis. so the below list will help you to select an ERP system including supply chain management software as the main feature.
netsuite supply chain management software competitor analysis as representing top supply chain systems-soured by Eric Kimberling Digital transformation youtube