As the leading cloud ERP, NetSuite is very well established in the manufacturing and supply chain verticals. Because iCharts is native to NetSuite and complements its functionality a significant segment of the iCharts customer base also comes from that segment. This includes companies such OldCastle, Akustica/Bosch, Bailey International, and Street Furniture.
Real-time analytics and reporting can play an important role in managing any production process or supply chain. Here are some of the most common use cases for these types of reports that we’ve run across in the iCharts in this particular vertical:
Live Process and Production Monitoring
It’s important that work orders are closely monitored to ensure that promised delivery dates are met and cycle times are reduced. Visualizing the work in process allows you to quickly determine if action needs to be taken, such as rescheduling of resources, or to understand the efficiency and cost of the process, and where scrap might be occurring. It also serves to detect early warnings for problems that may be occurring, and to help predict future behavior from early parametric data.
For example, Fairlife has a prepared an entire production dashboard that gives them real-time insights into their bottling operations:
Here are example charts by Akustica that allows them monitor inventory levels against forecast:
Workstation Demand Monitoring
Workstation demand must be balanced in order to drive production throughput. Visualizing the workload demand across the work centers makes it easier to make sure production bottlenecks are minimized. Real-time charts allow you to quickly determine the optimal course of action and assign work orders to new workstations due to current workstation demand.
Here’s an example of a microphone production workstation by Akustica:
On-time Delivery Metrics:
A manufacturer’s ability to deliver its product and services on time is arguably the most import KPI. A visual presentation allows you to monitor the organization’s ability to meet promise date and determine if certain products or services take longer to fulfill than expected.
Street Furniture Australia uses iCharts extensively to keep track of its projects in NetSuite, as demonstrated in this “Job Movements” chart:
Candy.com uses visual analtyics in fulfillment, to help manage the warehouse floor. Charts from NetSuite data are shown on a large screen, allowing the floor staff to see the orders and what needs to be tackled next:
Real-time visualizations are a great way to quickly understand inventory turn times across SKUs. You can quickly determine if a particular raw material or finished good is being over or under-planned for driving up unnecessary operating expenses, or determine the safety stock levels for raw materials and finished goods based upon demand over time.
Street Furniture Australia was able to reduce stock levels by hundreds of thousands of dollars and bring inventory turnover from 200 to 90 days from the visual management alone:
For many businesses, there are trends and patterns that can be extracted away to make better resource allocations. Companies such as Candy.com has realized that their business is extremely cyclical and graph these trends to determine appropriate staffing ahead of time, saving significant amounts in overtime and weekend wages.
To learn more about how NetSuite manufacturing companies leverage NetSuite and iCharts to better run their operations, join our webinar with Jonathan Holley, analyst at Bailey International, on December 7 where he will discuss manufacturing in NetSuite best practices that Bailey International has encountered over the years.