Product data management with NetSuite and Rand Group
The research, development, and design of new products, or the re-design of existing ones, is the lifeblood of any manufacturing company. A connected ERP system that allows you to manage all your product data in one place can simplify the design process and reduce time-to-market for product launches. NetSuite ERP delivered by Rand Group offers a host of native collaboration features to streamline product data management.
Accelerate the design and development of new products
A central repository for all product data that includes design and manufacturing specifications, bills of materials (BOMs), revision levels, costing information, and design progress helps ensure that all stakeholders share a common understanding, and that production engineering changes are reflected in downstream BOMs, plans, and inventories. The product data management module in NetSuite ERP provides costing flexibility, manages engineering change orders, and builds visibility for vendors and suppliers to maintain up-to-date pricing, inventory, and product content. It also helps you manage costs through routing definitions and costing templates, which allow you to track labor costs, overhead, set defaults for individual locations, and accurately record the resources required for production.
Rand Group is an Oracle NetSuite Solution Provider and your long-term partner for business solutions. Our team of software engineers will implement NetSuite and its product data management capabilities tailored to your unique business, manufacturing, and supply chain processes. We also offer extensive training to ensure user adoption and long-term software return on investment.
Accelerate product development with easy data access
Reduce time-to-market for product launches by connecting data across departments in a single ERP system so team members spend less time digging for information and more time developing new products.
Manage engineering change orders
Document, approve, and automatically implement product changes to better serve customers’ needs. Engineering change order features allow you to easily capture change requests, document the changes, and automate the approval routing to make all accepted BOM changes.
Keep track of production costs throughout the lifecycle
Routing definitions allow you to track labor costs and overhead and set defaults for individual locations. Work centers and costing templates accurately record the resources required for production.
Product data management features included in NetSuite
NetSuite product data management capabilities help establish and maintain data needed for the research, development, and design of new products, or the redesign of existing ones. With NetSuite delivered by Rand Group, your product-based businesses will have the tools you need to manage all of the master data you need to run smooth operations.
Product data management in NetSuite includes:
- Inventory control tracking, planning, and costing of items
- Inventory costing methods including LIFO, FIFO, average, standard and actual costing
- Configuration of location specific settings
- Revision controls to manage and track changes between BOM component versions
- Engineering change order tools to quickly capture and fulfill requests for product alterations
Discover other business solutions offered by Rand Group
Rand Group offers numerous solutions for supply chain operations that we tailor to each client to transform your operations. Our team of NetSuite-certified software engineers will ensure your solution integrates with the rest of your technology stack and can accommodate unique processes and facilitate data flows. Explore other solutions below to compliment product data management.
Supply & Demand Planning
Ensure you always have the right amount of inventory on hand to fill orders by accurately forecasting needs based on historical demand, seasonality, open opportunities, and sales forecasts. Calculate and generate both demand and supply plans, plus execute orders using a comprehensive supply and demand planning solution.
Procure-to-Pay
Streamline procurement operations with a solution that includes workflows for purchase requisitions, RFQs, and trade agreements, plus realize maximum cost savings by automatically applying negotiated pricing policies. Build redundancy in supplier networks and improve vendor collaboration with Rand Group’s procure-to-pay solution.
Inventory Management
Seamlessly connect all your business applications to enhance your inventory management capabilities, improve business processes, and eliminate manual inaccuracies. Automatically track your inventory levels, orders, and sales throughout the inventory life cycle, and unlock insights needed to make data-driven decisions.
NetSuite ERP
NetSuite’s ERP software includes everything your business needs – from financial management to inventory, supply chain, and warehouse management. With powerful product data management capabilities, you can ensure your data is managed properly and all stakeholders have access to what they need.
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