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Is your software solution still meeting the needs of your manufacturing business?

Written by Joseph Maskrey

02 | 02 | 21

NetSuite  |  
3 minute read

The evolving technological world in which we live in is continually improving making it harder than ever for some businesses to stay on top of their infrastructure. One day you have the best system on the market and the most suited for your business needs, a few years down the line (and at some cost later) the system no longer supports your business needs and objectives, and no longer drives your business forward.

With the Sage 200 Manufacturing module having already entered its extended support from the 1 January 2021 in preparation for its full decommission, many business leaders may be feeling lost in terms of which route to go down. Do they hold out or try to stay ahead of competitors and find an alternative solution which is constantly adapting and keeps their network live?

 

How do you find the right solution for your business?

Business leaders affected by this will have to adapt to this new reality and find strategies that keep their employees engaged and connected. This will involve adapting their technology solutions to regain balance and to support future growth.

So what features will a system need to offer to ensure your business stays on top and even ahead of it’s competitors? A continually improving, updated system to prevent version locking? The NetSuite cloud-based ERP solution stays ahead of the game by implementing two major updates every year into the systems environment, avoiding businesses being left behind and version locked. But could these other features help your business:

  • Industry specific functionality, built-in support for manufacturing processes and industry-specific dashboards?
  • Real-time visibility throughout your entire organisation, from sales to operations to production to invoicing?
  • Integrated business management, one complete solution eliminating integration hassles and disparate point solutions?
  • Reduced IT infrastructure and rapid time to market meaning cost savings and fast ROI?

NetSuite offers all of this – and more.

 

How do I calculate whether an ERP investment is worth it?

It's simple - return on investment. For any business to consider an ERP migration you need to formulate a list of your current issues and evaluate those against your goals. Then quantify your improvement strategies to help resolve your issues and achieve these goals. A consultation with a potential ERP partner will help identify if a solution would suit your business. However, we’ve outlined the most common areas in which an ERP system could help streamline your business through its automated features:

Operational costs

Cutting operational costs through greater visibility of resources and tasks. Many manufacturers use multiple systems to gain an accurate overview of the materials within their inventory making it harder to allocate materials to jobs. With a single view of all allocated materials, the efficiency of production planning can improve.

Administrative costs

Without an ERP a single record may have to go through multiple departments and systems to reach its final completion stage. Meaning the time taken for your admin staff to complete a single document could slow order speed completion significantly.

Managerial costs

With real-time data capturing capabilities at the click of a button, management teams can cut the hours spent on reporting. Quick access to current project statuses, cutting out time and money wasted gathering separate pieces of data for a result.

Inventory management and accuracy

ERP’s take away the inaccuracies of under and over stocking which helps to forecast an accurate stock forecast for upcoming periods.

 

For more information on suitable ERP selections suited to your business needs or to book a free product demonstration, please contact joseph.maskrey@fhl.co.uk.